Draw Request Certification definition

Draw Request Certification means a certification from Borrower to accompany all Draw Requests under this Agreement, in the form of Exhibit C-2 attached hereto.
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Draw Request Certification means, with respect to a requested disbursement of the Loan to fund Qualified Project Expenditures, a certification of the Borrower in the form of EXHIBIT F.
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Draw Request Certification means, with respect to a requested disbursement of the Loan, a certification of Borrower delivered to the Lender in the form of Exhibit E.
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Examples of Draw Request Certification in a sentence

  • All Loan proceeds disbursed to Borrower pursuant to this Loan Agreement Supplement will be used only for payment of those items specified in the Draw Request Certification for which the particular disbursement was made.

  • The Draw Request Certification must specify the portion of such costs which will be paid out of the requested disbursement of Loan proceeds, and, if any portion of such costs are to be paid by the Borrower, the portion of such costs to be paid by the Borrower.

  • All Loan proceeds disbursed to the Borrower will be used only for payment (or for reimbursement to Borrower for prior payment) of those items specified in the Draw Request Certification for which the particular disbursement was made.

  • The foregoing submissions shall reflect the cost of all Development Work and Construction Improvements for which payment is to be made, and the Draw Request Certification shall specify the portion of such costs which shall be paid by Borrower and the portion thereof which will be paid out of the requested disbursement of Loan proceeds.

  • The Draw Request Certification must specify the portion of such costs that will be paid out of the requested disbursement of Loan proceeds, and, if any portion of such costs are to be paid by Borrower, the portion of such costs to be paid by Borrower.

  • Included with this letter is the following: • Draw Request Certification • An updated Budget • Payee listing with copies of invoices and vendor names for which payment is being requested.

  • The term “Application for Advance” shall mean a written application by Borrower (and such other parties as Lender may require) to Lender utilizing (i) the Draw Request form, a copy of which is attached hereto as Exhibit “▇-▇”, (ii) the Draw Request Certification to be signed by Borrower, a copy of which is attached hereto as Exhibit “B-2”.

  • The foregoing submissions shall reflect the cost of all Development Work for which payment is to be made, and the Draw Request Certification shall specify the portion of such costs which shall be paid by Borrower and the portion thereof which will be paid out of the requested disbursement of Loan proceeds.

  • Development Work and construction of Homes under the ABF Program on the next Business Day following such Business Day on which the Lender received such Draw Request Certification, provided that in the event the Lender is unable to make the disbursement within such time period, the Lender will disburse the proceeds of the Loan as soon thereafter as possible.

  • In addition, the Lender may, at its option, refuse to take action in the event a notice, certificate, Draw Request Certification, request or other document is delivered to Lender which has not been executed or delivered by such representative of the Borrower and the Lender.


More Definitions of Draw Request Certification

Draw Request Certification means, with respect to a requested disbursement of the Loan to fund Approved Costs for acquisition of Land, Improvements or Development Work, a certification of the Borrower delivered to the Lender substantially in the form of Exhibit E.
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Draw Request Certification. A certification from Borrower to accompany all Advances for Loan proceeds under this Agreement, in the form of Exhibit B-2 attached hereto.
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Draw Request Certification. A certification from ▇.▇▇▇ to accompany all Advances on the Real Estate Loan in the form of Exhibit B-2 attached hereto.
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Draw Request Certification means a certification of Borrower delivered to the Lender requesting a disbursement of proceeds of the Loan, which certification shall be in substantially the form attached hereto as EXHIBIT I.
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Related to Draw Request Certification

  • Draw Request Any request by the Borrower, pursuant to Section 2.2 of this Agreement, for a disbursement of any portion of the proceeds of the Loan.

  • S▇▇▇▇▇▇▇-▇▇▇▇▇ Certification As defined in Section 11.09.

  • ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Certification As defined in Section 11.05.

  • Investor Certification A certificate representing that such Person executing the certificate is a Certificateholder, a Certificate Owner or a prospective purchaser of a Certificate (or any investment advisor or manager of the foregoing), the Controlling Class Representative (to the extent the Controlling Class Representative is not a Certificateholder or a Certificate Owner), a Risk Retention Consultation Party (to the extent such Risk Retention Consultation Party is not a Certificateholder or Certificate Owner) or a Serviced Companion Loan Holder or its Companion Loan Holder Representative, and that (i) for purposes of obtaining certain information and notices (including access to information and notices on the Certificate Administrator’s Website) pursuant to this Agreement, (A) (1) in the case of a Person that is neither the Controlling Class Representative nor a Controlling Class Certificateholder, such Person is or is not a Borrower Party and such Person is or is not a Risk Retention Consultation Party or (2) in the case of the Controlling Class Representative or a Controlling Class Certificateholder, such Person is or is not a Borrower Party as to any identified Excluded Controlling Class Mortgage Loan, and (B) except in the case of a Serviced Companion Loan Holder or its Companion Loan Holder Representative, such Person has received a copy of the Prospectus, which certificate shall be substantially in the form of Exhibit ▇-▇▇, ▇▇▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇▇▇ ▇-▇▇, Exhibit M-1D or Exhibit M-1E to this Agreement or in the form of an electronic certification contained on the Certificate Administrator’s Website, and/or (ii) for purposes of exercising Voting Rights (which does not apply to a prospective purchaser of a Certificate, a Serviced Companion Loan Holder or its Companion Loan Holder Representative), (A) (1) such Person is not a Borrower Party or (2) in the case of the Controlling Class Representative or any Controlling Class Certificateholder, such Person is a Borrower Party as to any identified Excluded Controlling Class Mortgage Loan, (B) such Person is or is not the Depositor, the Master Servicer, the Special Servicer, an Excluded Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, a Mortgage Loan Seller or an Affiliate of any of the foregoing and (C) such Person has received a copy of the Prospectus, which certificate shall be substantially in the form of Exhibit M-2A or Exhibit M-2B to this Agreement or in the form of an electronic certification (which may be a click-through confirmation) contained on the Certificate Administrator’s Website or the Master Servicer’s website. The Certificate Administrator may require that Investor Certifications are resubmitted from time to time in accordance with its policies and procedures. For the avoidance of doubt if a Borrower Party is the Controlling Class Representative or a Controlling Class Certificateholder, such Person (A) shall be prohibited from having access to the Excluded Information solely with respect to the related Excluded Controlling Class Mortgage Loan and (B) shall not be permitted to exercise voting or control, consultation and/or special servicer appointment rights as a member of the Controlling Class solely with respect to the related Excluded Controlling Class Mortgage Loan.

  • Back-Up Certification As defined in Section 6.20(e)(iv).