Examples of First Disbursement in a sentence
The loan period is less than 155 days in length.• Each subsequent disbursement date must be greater than or equal to the previous disbursement date.• First Disbursement If the current date is less than or equal to 20 days prior to the start of the loan period, the current date shall be assigned as the first disbursement date.
The Issuer has not provided the Agent with evidence, in form and substance satisfactory to the Agent (acting reasonable), showing (i) that the Conditions Subsequent for the First Disbursement and the Conditions Subsequent for the Second Disbursement have been fulfilled at the times set forth in Clauses 14 and 16.
For the purpose of securing that the Conditions Precedent for the First Disbursement and the Conditions Precedent for the Second Disbursement, respectively, have been fulfilled before the relevant disbursement of the Net Proceeds is made and for the purpose of securing that the Net Proceeds will be used by the Issuer in accordance with Clause 4.2, the Escrow Account has been pledged in favour of the Agent and the Holders (represented by the Agent).
When the Conditions Precedent for the Second Disbursement set out above have been fulfilled to the satisfaction of the Agent (acting reasonably), the Agent shall (i) instruct the account bank to make the Second Disbursement to a bank account specified by the Issuer and (ii) release the pledge over the Escrow Account (provided that the Conditions Precedent for the First Disbursement have been fulfilled).
It also directs the Security Council, in Article 36(3), to “take into account that legal disputes should, as a general rule, be referred to the ICJ by the parties.” Judicial settlement is the resolution of international dispute by an international tribunal in and in accordance with the rules of the law of nations.