Examples of Monthly Disbursement in a sentence
Borrower shall provide Lender with reasonable access to all information reasonably needed by Lender to verify that a Monthly Disbursement Limit Increase Event has occurred and the amount of the Monthly Disbursement Limit Increase Event Payment related to such Monthly Disbursement Limit Increase Event, and the Lender shall not be required to disburse any funds pursuant hereto until the Lender has verified to its reasonable satisfaction such facts and amount.
If the minimum monthly rent or base rent payable by such Replacement Tenant pursuant to a Replacement Lease exceeds the Monthly Disbursement, such notice shall instruct the Escrow Agent to disburse the balance of the Holdback Funds – Wachovia/Xxxxx Fargo to Seller.
The Borrower shall provide the Lender ---------------- with at least five (5) Banking Days' written notice of a requested disbursement (a "Borrowing Notice"), which notice shall include, if applicable, notification ---------------- that a Monthly Disbursement Limit Increase Event has occurred and providing a reasonably detailed calculation of the amount of any Monthly Disbursement Limit Increase Event Payment.
Subject to Section 2.1(d), in no event shall the Lender be obligated to disburse to the Borrower more than three million Dollars ($3,000,000) in any calendar month (the "Monthly Disbursement -------------------- Limit").
If the minimum monthly rent or base rent payable by such Replacement Tenant is less than the Monthly Disbursement, such notice shall instruct Escrow Agent to reduce the Monthly Disbursement to Purchaser by the amount payable by the Replacement Tenant.
Administrative Agent shall withdraw from the Revenue Account and transfer to the applicable Checking Account the amount specified in a Monthly Disbursement Requisition.
If the minimum monthly rent or base rent and expense reimbursements payable by such Replacement Tenant pursuant to the Replacement Lease are less than the Monthly Disbursement, such notice shall instruct Escrow Agent to reduce the Monthly Disbursement to Buyer by the corresponding monthly amount actually paid by the Replacement Tenant pursuant to the Replacement Lease.
The Borrower shall provide the Lender with at least five (5) Banking Days' written notice of a requested disbursement (a "Borrowing Notice"), which notice shall include, if applicable, notification that a Monthly Disbursement Limit Increase Event has occurred and providing a reasonably detailed calculation of the amount of any Monthly Disbursement Limit Increase Event Payment.
Within five (5) days of the last day of each calendar month, commencing with the calendar month ending July 31, 2015, written notice of any Rent Refund Monthly Disbursement Amount for the Payment Date following such calendar month; provided that the notice given for the calendar month ending July 31, 2015 shall include Rent Refund Monthly Disbursement Amounts made by Borrower for the period from and including the Closing Date through and including July 31, 2015.
Within five (5) days of the last day of each calendar month, commencing with the calendar month ending October 31, 2017, written notice of any Rent Refund Monthly Disbursement Amount for the Payment Date following such calendar month; provided that the notice given for the calendar month ending October 31, 2017 shall include Rent Refund Monthly Disbursement Amounts made by Borrower for the period from and including the Closing Date through and including October 31, 2017.