Common use of ACCOUNT, PLEDGE AND ASSIGNMENT, AND DISBURSEMENT AUTHORIZATION Clause in Contracts

ACCOUNT, PLEDGE AND ASSIGNMENT, AND DISBURSEMENT AUTHORIZATION. The proceeds of the Bonds and Borrower’s Funds, when qualified for disbursement, shall be disbursed to or for the benefit or account of Borrower under the terms of this Loan Agreement; provided, however, that any direct disbursements from the proceeds of the Bonds which are made by means of wire transfer, shall be subject to the provisions of Section 4.8 below. Disbursements hereunder may be made by Bondowner Representative upon the written request of Xxxxx Xxxxxxxxx, Xxx Xxxxxx or Xxxxxxx Xxxxxxxx, who have each been authorized by Borrower to request such disbursements, until such time as written notice of Borrower’s revocation of such authority is received by Bondowner Representative at the address shown in Exhibit D. As additional security for Borrower’s performance under the Loan Documents, Borrower hereby irrevocably pledges and assigns to Bondowner Representative all monies at any time deposited in the Account.

ACCOUNT, PLEDGE AND ASSIGNMENT, AND DISBURSEMENT AUTHORIZATION. The proceeds of the Bonds and Borrower’s FundsLoan, when qualified for disbursement, shall be deposited into the Account or otherwise disbursed to or for the benefit or account of Borrower under the terms of this Loan Agreement; provided, however, that any direct disbursements from the proceeds of the Bonds Loan which are made by means of wire transfer, transfer shall be subject to the provisions of that certain Section 4.8 belowentitled Funds Transfer Disbursements or any funds transfer agreement which is identified in Exhibit A hereto. Disbursements hereunder may be made by Bondowner Representative Lender upon the written request of the following persons: Xxxxxx Xxxxxx, Xxxxxx Xxxx or Xxxxx Xxxxxxxxx, Xxx Xxxxxx or Xxxxxxx XxxxxxxxXxxxx, who have each been authorized by Borrower to request such disbursements, disbursements until such time as written notice of Borrower’s revocation of such authority is received by Bondowner Representative Lender at the address shown in Exhibit D. herein. As additional security for Borrower’s performance under the Loan Documents, Borrower hereby irrevocably pledges and assigns to Bondowner Representative Lender all monies at any time deposited in the Account.

ACCOUNT, PLEDGE AND ASSIGNMENT, AND DISBURSEMENT AUTHORIZATION. The proceeds of the Bonds and BorrowerXxxxxxxx’s Funds, when qualified for disbursement, shall be disbursed to or for the benefit or account of Borrower under the terms of this Loan Agreement; provided, however, that any direct disbursements from the proceeds of the Bonds which are made by means of wire transfer, shall be subject to the provisions of Section 4.8 below. Disbursements hereunder may be made by Bondowner Representative upon the written request of Xxxxxx Xxxxxxxx, Xxxxx XxxxxxxxxXxxx, Xxx Xxxxxx Xxxxxxx or Xxxxxxx Xxxxxxxx, who have each been authorized by Borrower Xxxxxxxx to request such disbursements, until such time as written notice of BorrowerXxxxxxxx’s revocation of such authority is received by Bondowner Representative at the address shown in Exhibit D. As additional security for Borrower’s performance under the Loan Documents, Borrower hereby irrevocably pledges and assigns to Bondowner Representative all monies at any time deposited in the Account.

ACCOUNT, PLEDGE AND ASSIGNMENT, AND DISBURSEMENT AUTHORIZATION. The proceeds of the Bonds Loan and Borrower’s Funds, when qualified for disbursement, shall be deposited into the Account or otherwise 02941-0345/LEGAL18900961.3 disbursed to or for the benefit or account of Borrower under the terms of this Loan Agreement; provided, however, that any direct disbursements from the proceeds of the Bonds Loan which are made by means of wire transfer, shall be subject to the provisions of that certain Section 4.8 belowentitled Funds Transfer Disbursements. Disbursements hereunder may be made by Bondowner Representative Lender upon the written request of Xxxxx Xxxxxxxxx, Xxx Xxxxxx or Xxxxxxx Xxxxxxxx, any person who have each has been authorized by Borrower to request such disbursements, disbursements until such time as written notice of Borrower’s revocation of such authority is received by Bondowner Representative Lender at the address shown in Exhibit D. As additional security for Borrower’s performance under the Loan Documents, Borrower hereby irrevocably pledges and assigns to Bondowner Representative Lender all monies at any time deposited in the Account.

ACCOUNT, PLEDGE AND ASSIGNMENT, AND DISBURSEMENT AUTHORIZATION. The proceeds of the Bonds and Borrower’s Funds, when qualified for disbursement, shall be disbursed to or for the benefit or account of Borrower under the terms of this Loan Agreement; provided, however, that any direct disbursements from the proceeds of the Bonds which are made by means of wire transfer, shall be subject to the provisions of Section 4.8 below. Disbursements hereunder may be made by Bondowner Representative upon the written request of Xxxxx Xxxxxxxxx, Xxx Xxxxxx or Xxxxxxx Xxxxxxxxor , who have each been authorized by Borrower to request such disbursements, until such time as written notice of Borrower’s revocation of such authority is received by Bondowner Representative at the address shown in Exhibit D. As additional security for Borrower’s performance under the Loan Documents, Borrower hereby irrevocably pledges and assigns to Bondowner Representative all monies at any time deposited in the Account.