DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be disbursed until all of Bank's conditions for making the loan have been satisfied. Please disburse the loan proceeds as follows: Loan ---- Amount paid to Borrower directly: $___ Undisbursed Funds $___ Principal $___ CHARGES PAID IN CASH. Borrower has paid or will pay in cash as agreed the following charges: Prepaid Finance Charges Paid in Cash: $___ $43,000 Loan Fee (Already Paid) Other Charges Paid in Cash: $___ $___UCC Search Fees $___UCC Filing Fees $___Outside Counsel Fees and Expenses (Estimate) Total Charges Paid in Cash $___ AUTOMATIC PAYMENTS. Borrower hereby authorizes Bank automatically to deduct from Borrower's account numbered _________________ the amount of any loan payment. If the funds in the account are insufficient to cover any payment, Bank shall not be obligated to advance funds to cover the payment. FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO BANK THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO BANK. THIS AUTHORIZATION IS DATED AS OF JANUARY 23, 1997. BORROWER: -------------------------------------------- -------------------------------------------- Authorized Officer ================================================================================ AGREEMENT TO PROVIDE INSURANCE GRANTOR: Abgenix, Inc. BANK: Silicon Valley Bank ================================================================================ INSURANCE REQUIREMENTS. Abgenix, Inc. ("Grantor") understands that insurance coverage is required in connection with the extending of a loan or the providing of other financial accommodations to Grantor by Bank. These requirements are set forth in the Loan Documents. The following minimum insurance coverages must be provided on the following described collateral (the "Collateral"):
DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be disbursed until all of Lender's conditions for making the loan have been satisfied. Please disburse the loan proceeds of $633,000.00 as follows: AMOUNT PAID TO OTHERS ON BORROWERS BEHALF: $633,000.00 $633,000.00 to EXTEND 505-7979623550-26 ----------- NOTE PRINCIPAL: $633,000.00 FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO LENDER. THIS AUTHORIZATION IS DATED AUGUST 15, 1995. BORROWER: SCIENTIFIC SOFTWARE - INTERCOMP, INC., A COLORADO CORPORATION By: ------------------------------ RONAXX X. XXXXXXX, XXCRETARY ================================================================================ Variable Rate. Line of Credit. 21 [BANK ONE LOGO] DISBURSEMENT REQUEST AND AUTHORIZATION ------------------------------------------------------------------------------------------------------------------------ PRINCIPAL LOAN DATE MATURITY LOAN NO. CALL COLLATERAL ACCOUNT OFFICER INITIALS ------------------------------------------------------------------------------------------------------------------------ $4,500,000.00 03-30-1996 42 7979623550 410 ------------------------------------------------------------------------------------------------------------------------ References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. ------------------------------------------------------------------------------------------------------------------------ BORROWER: SCIENTIFIC SOFTWARE - INTERCOMP, INC., A LENDER: BANK ONE, COLORADO, N.A. COLORADO CORPORATION DOWNTOWN BOULDER BANKING CENTER 1801 XXXXXXXXXX XX. XXX 000 2696 XXXXX XXXXXXXX XXXX. XXXXXX, XX 00000-0000 DENVXX, XX 00000 ======================================================================================================================== LOAN TYPE. This is a Variable Rate (1.500% over LENDER'S PRIME RATE, making an initial rate of 10.250%), Revolving Line of Credit Loan to a Corporation for $4,500,000.00 due on March 30, 1996. PRIMARY PURPOSE OF LOAN. The primary purpose of this loan is for: [ ] PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES OR PERSONAL INVESTMENT. [X] BUSINESS (INCLUDING REAL ESTATE INVESTMENT).
DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be disbursed until all of Lender's conditions for making the loan have been satisfied. Please disburse the loan proceeds of $633,000.00 as follows: AMOUNT PAID TO OTHERS ON BORROWERS BEHALF: $633,000.00 $633,000.00 to EXTEND 505-7979623550-26 ----------- NOTE PRINCIPAL: $633,000.00 FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO LENDER. THIS AUTHORIZATION IS DATED SEPTEMBER 30, 1995. BORROWER: SCIENTIFIC SOFTWARE - INTERCOMP, INC., A COLORADO CORPORATION
Examples of DISBURSEMENT INSTRUCTIONS in a sentence
Joint Disbursement Instructions by and among Borrower, CRA, and MTA to U.S. Bank National Association, as Trustee.
All proceeds of the Line of Credit Loan received by Borrower shall be used by Borrower solely for payment of those costs, charges, and other items shown in the Loan Disbursement Instructions executed by Borrower in connection with the Loan and for working capital or general corporate purposes.
Other Disbursement Instructions The reimbursement disbursement method is authorized for all categories contained in SectionIV.
Other Disbursement Instructions (i) The Project’s eligible expenditures are fully aligned with the official and approved Annual Action Plan for the Education Sector Support Fund II, which is part of the overall Government of Mozambique budget for the Education Sector for the relevant calendar and fiscal year.
Other Disbursement Instructions: (i) Advance and expenditures relating to parts 1,2 and 3 of project description in Schedule 1 of the Financing Agreement are to be claimed under IDA 5428-LK.
More Definitions of DISBURSEMENT INSTRUCTIONS
DISBURSEMENT INSTRUCTIONS shall have the meaning ascribed to such term in the Cash Management Agreement.
DISBURSEMENT INSTRUCTIONS. Very truly yours, Long Beach Acceptance Receivables Corp., as Borrower By: ----------------------------------- Name: Title:
DISBURSEMENT INSTRUCTIONS means the instructions delivered to Purchaser by Seller and the Bond Fund Trustee regarding that portion of the Purchase Price described in Section 2.2.1(a) of this Agreement to be deposited into the Escrow Deposit and/or Refunding Trust Fund by Purchaser at Closing.
DISBURSEMENT INSTRUCTIONS has the meaning set forth in the preface.
DISBURSEMENT INSTRUCTIONS means the Net Purchase Price Disbursement Instructions provided by the Company substantially in the form attached hereto as Annex IIIand incorporated herein by this reference.
DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be disbursed until all of Lender's conditions for making the loan have been satisfied. Please disburse the loan proceeds of $1,000,000.00 as follows:
DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be disbursed until all of Lender's conditions for making the loan have been satisfied. Please disburse the loan proceeds of $633,000.00 as follows: AMOUNT PAID TO OTHERS ON BORROWERS BEHALF: $633,000.00 $633,000.00 to EXTEND 505-7979623550-26 ----------- NOTE PRINCIPAL: $633,000.00 FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO LENDER. THIS AUTHORIZATION IS DATED SEPTEMBER 15, 1995. BORROWER: SCIENTIFIC SOFTWARE - INTERCOMP, INC., A COLORADO CORPORATION BY: /s/ RONAXX X. XXXXXXX ---------------------------- RONAXX X. XXXXXXX, XXCRETARY ================================================================================ Variable Rate. Line of Credit. 7 [BANK ONE LETTERHEAD] September 15, 1995 Mr. Xxxxxx Xxxxxxx X/O Margxx Xxxxx Xxxentific Software-Intercomp, Inc. 1801 Xxxxxxxxxx, Xxxxx 000 Xxxxxx, XX 00000-0000 Xxar Ron: Xnclosed are the documents to extend the credit facilities until September 30, 1995 while EXIMBank completes its review of their guarantee. Please sign and return then directly to my attention at your earliest convenience.