Fund Disbursement definition

Fund Disbursement means the disbursement of loan funds made by the Lender in accordance with the needs of the Borrower out of the Deposit Account opened by the Borrower with the Handling Branch of the Lender, or the direct disbursement of Loan Funds made by the Lender on the basis of the drawdown application of the Borrower.
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Fund Disbursement means a grant to any project to which Fund
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Examples of Fund Disbursement in a sentence

  • The CONTRACTOR must utilize the “OWNER’S Contingency Fund Disbursement Request Form” attached as Exhibit T to the Agreement, in this situation and must keep a log of all items charged against the contingency amount, on the form attached as Exhibit U to the Agreement.

  • In addition to any requirement imposed by the Trust Agreements, each Employer covered by this Agreement shall furnish to the Administrator of the Fund Disbursement Office, upon request, such information and reports, other than for audit purposes, as he deems necessary for the performance of his duties.

  • Lender will disburse funds from the Capital Replacement and Repair Reserve Fund no more frequently than once per calendar month, and no disbursement will be made in an amount less than the Capital Replacement and Repair Reserve Fund Disbursement Minimum specified in Article I.

  • This assessment will be collected weekly and paid monthly to the Pension Fund, also known as the Fund Disbursement Office, as the collection agent.

  • The Recipient hereby acknowledges and expressly agrees that all disbursements of Grant funds to the Recipient shall be according to the Grant Fund Disbursement Terms and Schedule attached hereto as Exhibit B.

  • The Pension Fund, also known as the Fund Disbursement Office, is the authorized collection agent for the contributions and deductions required under Section 7.

  • Other than the disbursement of Loan Proceeds on the Closing Date and subject to the provisions of Section 5.03 of this Loan Agreement, the Lender’s agreement to disburse funds to the Project Fund shall be subject to the further conditions precedent set forth in Section 5.02 of this Loan Agreement and that Borrower shall have met the conditions and requirements set forth in the Project Fund Disbursement Agreement with respect to disbursement of funds to the Project Fund.

  • Funds will be disbursed upon a fully executed agreement, subject to the annual Budget Act each year as follows: 60%, 30%, and finally 10% as per the fund disbursement schedule located in the Fund Disbursement section of this Exhibit.

  • If, on the State Fund Disbursement Deadline, any amounts remain on deposit in the State Fund that are allocable to the Borrower for its Project (“Unexpended Project Funds”), such Unexpended Project Funds on deposit in the State Fund shall thereafter be applied, as follows: the Unexpended Project Funds shall be applied by the State as a prepayment of the Borrower’s Loan Repayments, and shall be applied to the principal payments on the Loan in inverse order of their maturity.

  • The Escrow Agent shall promptly notify the Seller and the Purchaser in writing of the occurrence and amount of each disbursement of the Escrow Fund ("Disbursement Notice").