Disbursement Budget definition

Disbursement Budget means that certain budget of monthly aggregate Disbursements for the months of December, January, February and March 2018 delivered prior to the Seventh Amendment Effective Date and for the month of April 2018 delivered prior to the Eighth Amendment Effective Date, in each case, prepared by the Borrower and approved by the Borrower Financial Advisor.
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Disbursement Budget. - means the design and construction budget for the Improvements, as approved by Lender from time to time.
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Disbursement Budget shall have the meaning given in Exhibit D hereto.
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Examples of Disbursement Budget in a sentence

  • The portion of the Disbursement Budget initially totaling $ shall be deferred and shall not be paid from Loan proceeds.

  • Bondowner Representative shall have received evidence satisfactory to Bondowner Representative that there will be sufficient funds available to Borrower to complete the Project and cover all costs as shown on the Disbursement Budget attached hereto, whether from the proceeds of the Loan, Subordinate Loans, Capital Contributions or from another source or other sources acceptable to Bondowner Representative.

  • Unless expressly set forth in the then effective Disbursement Budget or this Agreement, no developer’s, management, consulting or brokerage fee or commission, developer profit or other payment to any Related Person will be paid directly or indirectly from any proceeds of the Loan without Administrative Agent’s prior written approval.

  • The Construction Disbursement Budget may be amended from time to time in the manner set forth herein.

  • The portion of the Disbursement Budget initially totaling $ shall be disbursed into the Account or to or for the benefit or account of Borrower for the payment of the Legal - Organization Fees and Costs.

  • The portion of the Disbursement Budget initially totaling $ , shall be disbursed into the Account or to or for the benefit or account of Borrower for the payment of Bondowner Representative Construction Loan Fee.

  • The portion of the Disbursement Budget initially totaling $ shall be periodically disbursed directly to the Bond Trustee for the payment of interest which accrues and becomes due under the Note.

  • The portion of the Disbursement Budget initially totaling $ shall be disbursed into the Account or to or for the benefit or account of Borrower for the payment of Legal - Acquisition Costs.

  • The portion of the Disbursement Budget initially totaling $ , shall be periodically disbursed into the Account or to or for the benefit or account of Borrower for the payment of Marketing Costs.

  • Borrower shall have obtained and received one hundred percent (100%) of the proceeds of the City Loan, all of which shall have been disbursed to pay Project Costs shown on the Disbursement Budget, and delivered evidence satisfactory to Bondowner Representative thereof.


More Definitions of Disbursement Budget

Disbursement Budget. – means the column titled “Funded by Bank” in the then current Expansion Budget.
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Disbursement Budget means the budget and schedule for disbursement of the loan proceeds attached as Exhibit B to this Agreement. ---------
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Disbursement Budget means the budget setting forth the purposes for which Borrower shall be entitled to use the proceeds of the Loans and the Borrower Equity, which is attached hereto as Exhibit C-2.
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Disbursement Budget has the meaning ascribed to such term in Exhibit D to this Agreement.
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Disbursement Budget means the column titled “Funded by Bank” in the then current Expansion Budget.
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Related to Disbursement Budget

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Disbursement Schedule means the disbursement schedule as set out in an FAA;

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Approved Budget means an annual budget-

  • DIP Budget means the “Approved Budget” as defined in the DIP Term Facility Order.

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • 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.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Operating Budget has the meaning given in Section 3.11(a).

  • Disbursement Date is defined in Section 2.6.2.

  • Capital Budget has the meaning given in Section 3.11(a).

  • 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.

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Draw Request Any request by the Borrower, pursuant to Section 2.2 of this Agreement, for a disbursement of any portion of the proceeds of the Loan.

  • Disbursement is defined in Section 2.6.2.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

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

  • 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.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.