Loan Disbursements definition

Loan Disbursements. They are, jointly, the First Disbursement and the Second Disbursement, which correspond to the disbursements of the total or partial amount of the Loan that the Bank will make to the Borrower and that are subject to the Conditions Precedent.
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Loan Disbursements. The disbursement(s) of the total amount or partial amounts of the Loan that the Bank will make to the Borrower and are subject to the preceding disbursement conditions referred to in Clause 3.02 of the Agreement.
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Examples of Loan Disbursements in a sentence

  • If Borrower requires Subsequent Loan Disbursements select the applicable Subsequent Loan Disbursement method (i.e. wire transfer directly to a title/escrow company or deposit into the Deposit Account.

  • If Lender chooses not to deposit any Loan Disbursements with the Title Company, advances shall be made at the principal office of Lender or at such other place as Lender may from time to time designate.

  • All Loan Disbursements shall be used by the Borrower for the specific Purpose stated herein, subject to the requirements of the Lender as set forth herein and in each of the other Loan Documents.

  • The Lenders may decline to approve any or all such Loan Disbursements Requests for any reason, in their sole and absolute discretion.

  • Lender shall not be required to make any further Loan Disbursements under this Agreement in the event that and following such time as the Purchase Agreement is terminated in accordance with Section 8 thereof.

  • Notwithstanding any of the provisions of this Development Agreement, the Lender shall also have the right to withhold from any Loan Disbursement an amount sufficient to cover: (i) the Deficiency or any unpaid balance of the Costs to complete the Project, or (ii) any surplusage resulting when all Loan Disbursements, total more than the actual construction Costs incurred (or to be incurred) by the Borrower.

  • If Borrower receives the Loan Disbursements made under this Development Agreement, Borrower shall hold the funds advanced as a fiduciary prior to payment, and shall apply such advances to the payment of the legitimate Costs then due for the Work performed in connection with the development of the Improvements.

  • All subsequent Loan Disbursements shall be further subject to the Borrower's compliance with all of the terms and provisions set forth herein, including Exhibit D, and paying all of the remaining development Costs from the Borrower's Funds.

  • Lender reserves the right to hold back Loan Disbursements in an amount equal to one hundred and twenty percent (120%) of any amount in dispute, or any portion thereof, until any such Lien or claim has been discharged by payment or bond.

  • If Borrower receives the Loan Disbursements made under this Construction Agreement, Borrower shall hold the funds advanced as a fiduciary prior to payment, and shall apply such advances to the payment of the legitimate Costs due for the Work performed and approved by the Lender for payment in connection with the construction of the Improvements.