Monthly Disbursement definition

Monthly Disbursement means an amount equal to:
Sample 1
Monthly Disbursement means the amount, if any, paid by IFA to Developer in accordance with Section 10.2.3 of the PPA, and equal to (a) 95% of the MAP (for the subject year) divided by 12 minus (b) the interest owed by Developer to IFA, if any, under the PPA.
Sample 1
Monthly Disbursement means the actual Maintenance Payments and DFA Payments paid by the Authority to Developer in any given month, taking into account the calculations, adjustments and deductions provided for in this Agreement.
Sample 1

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.


More Definitions of Monthly Disbursement

Monthly Disbursement shall be defined by the Parties during the Investigation Period.
Sample 1

Related to Monthly Disbursement

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Disbursement Date is defined in Section 2.6.2.

  • Disbursement Period means the period during which Grant Funds may be disbursed.

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Reimbursement Amount As defined in Section 2.04.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Credit allowance date means with respect to any qualified equity investment:

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Reimbursement Date as defined in Section 2.4(d).

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.