Request for Financing definition
Examples of Request for Financing in a sentence
If Master Lessor, in its sole discretion, accepts the Request for Financing, the Master Lessor shall prepare or cause to be prepared for signature by such Lessee a Lease together with all such related documents, including without limitation an Acceptance Certificate, a Schedule of Payments, and a Schedule of Termination Values consistent with such Request for Financing.
The acceptance of a Request for Financing by Master Lessor shall be conclusive evidence that the delivery requirements contained in Section 1.08 (a) above have been fully satisfied or waived.
Master ▇▇▇▇▇▇ acknowledges and agrees that Master ▇▇▇▇▇▇ and the Agencies are the only entities authorized to submit a Request for Financing.
The Company acknowledges that disbursement of funds to a Person other than the Company in accordance with the Request for Financing pursuant to the immediately preceding sentence shall be deemed receipt by the Company of the proceeds of the Final Advance made hereunder.
Any Request for Financing, once delivered to the Creditor, shall be irrevocable and shall commit the Company to receive the amount to be advanced by the Creditor pursuant to the immediately preceding sentence on the date specified therein.
The Company authorizes and directs the Creditor to, without any further action or instruction (other than as set forth in the Request for Financing), disburse the proceeds of such Advance directly to the Creditor as specified in the Request for Financing.
Master Lessor shall obtain Master ▇▇▇▇▇▇’s written consent before accepting any Request for Financing for Equipment that, together with all related Equipment to be leased to the same Lessee within the same calendar year, has a total cost in excess of $500,000.
If the proceeds of the financing are to be used as permitted by clause (ii) of Section 2.08 hereof, the Company shall designate Nextel International or the Company as the recipient of the proceeds in its Request for Financing and otherwise comply with the procedure for borrowing set forth above.
If the Company requests a LIBOR Advance and the Drawdown Date is not a Semi Annual Date, the Company in its Request for Financing shall either request that (I) the Creditor make a Prime Advance on the Drawdown Date and convert such Prime Advance into a LIBOR Advance on the next Semi Annual Date or (II) the Creditor make a LIBOR Advance on the Drawdown Date.
The total energy efficiency project cost, less estimates of any available NYSERDA or utility incentives, as approved by NYSERDA in the Request for Financing Package.