Net Disbursement definition

Net Disbursement means, as to any Loan, the total original sum disbursed to ITT ESI as payment of tuition and other charges, plus all origination and other loan fees, net of any refund or return thereof paid by ITT ESI within sixty (60) days after the disbursement date thereof. The amount of the Net Disbursement on a Loan shall not be reduced for any principal payments made on such Loan, whether by the Borrower, ITT ESI or otherwise (excepting only refunds as aforesaid), or increased for any capitalized interest charges.
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Examples of Net Disbursement in a sentence

  • The Borrower undertakes to utilise the Net Disbursement Amount from the Loan in accordance with the Decision and the Memorandum of Understanding.

  • If the Lender due to prevailing market conditions at the time of launching a bond issue or any other Financial Transaction is not able to obtain a funding at or below the maximum rates referred to in the relevant Acceptance Notice, then the Lender is under no obligation to make the Net Disbursement Amount of any Tranche available to the Borrower.

  • The EFSF proposal shall specify the amount which EFSF is authorised to make available by way of a Financial Assistance under the Financial Assistance Facility Agreement and on what terms including as to the amount of the Financial Assistance, the Net Disbursement Amount, the term, the redemption schedule and the interest rate (including the Margin) in relation to such Financial Assistance.

  • The Net Disbursement Amount of the Instalment to be at least [•] % of the principal amount.

  • The EFSF proposal shall specify the amount which EFSF is authorised to make available by way of a Loan under the Loan Facility Agreement and on what terms including as to the amount of the Loan, the Net Disbursement Amount, the term, the redemption schedule and the interest rate (including the Margin) in relation to such Loan.

  • On the Closing Date, subject to the satisfaction of the conditions to borrowing set forth on Addendum 3 hereto, ▇▇▇▇▇▇ will make the Loan hereunder in the sum designated in the Loan Chart as the “Loan Amount.” Lender shall make the Loan by funding the Net Disbursement Amount specified in the Loan Chart per written disbursement instructions between Borrowers and Lender prior to closing and retaining the Commitment Fee shown on the Loan Chart for its own Account.

  • Payout will be released on Net Disbursement of the current month.

  • Total Seller Net Disbursement is calculated post deduction of commission, payment processing charges, GST and other charges as applicable, as mentioned above in the agreement.

  • In addition, costs referred to in Article 7, paragraph 5, shall also be deducted from the net proceeds, resulting to the amount to be disbursed to the Borrower (hereinafter referred to as the "Net Disbursement Amount").

  • To the extent cash is allocated pursuant to clauses (i) and (ii) above, but is not applied because the Deposit has been restored to the Deposit Maintenance Amount, and/or the Base Management Fee has been paid in full, as the case may be, such cash not so applied (the “Excess Net Disbursement Cash”)shall be aggregated at each occasion of the allocation calculation and shall be applied as provided below.

Related to Net Disbursement

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

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

  • L/C Disbursements a payment or disbursement made by the Issuing Lender 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.

  • Lease Deficit Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Lease Deficit Demand.