Acquisition Funds Requests Sample Clauses

Acquisition Funds Requests. The Total Budget includes an amount not to exceed Seven Million Six Hundred Thirty Seven Thousand Nine Hundred Twenty Five Dollars and Fifty Cents ($7,637,925.50) (hereinafter, the “Acquisition Funds”) available to pay the costs associated with Recipient’s acquisition (each, a “Property Acquisition”) of certain interests in one or more parcels of real property (each, a “Property Interest”) as defined more fully in the Project Description. The specific budget for each individual Property Acquisition is referred to hereinafter as an “Acquisition Budget. For the avoidance of doubt, the term “Property Acquisition” shall include both acquisitions of real property in fee simple and acquisitions of conservation easements on real property, as applicable. Recipient may make Acquisition Funds Requests no more frequently than once monthly during the term of this Agreement. NFWF and Recipient agree and acknowledge that, if and to the extent an Acquisition Budget comprises only a portion of the total funding necessary to be secured by Recipient to complete the corresponding Property Acquisition, Recipient’s receipt and possession of the other funds necessary for such Property Acquisition (such funds, “Other Funds”) are express conditions precedent to the obligation of NFWF to disburse Acquisition Funds under this Agreement. To receive payment for an Acquisition Funds Request for an approved Property Acquisition, Recipient must submit to NFWF a written request, substantially in the form attached hereto as Exhibit D, containing at a minimum the following information: (i) the total dollar amount of Acquisition Funds being requested; (ii) if applicable, a written demonstration (to NFWF’s reasonable satisfaction) that Recipient has secured all Other Funds necessary for the pertinent Property Acquisition; (iii) the purchase and sale agreement (and/or other conveyance document(s)) conveying the applicable Property Interest which, if not executed, shall be contingent only upon funding of the pertinent Property Acquisition; (iv) a recent appraisal from a licensed appraiser showing the fair market value of the Property Interest; (v) a legal description and, as applicable, map of the pertinent Property Interest; (vi) a recent survey of the Property Interest prepared by a licensed surveyor; (vii) a recent title search report and title insurance commitment; (viii) a recent Level One Environmental Assessment Report covering the Property Interest; (ix) the deed for the pertinent Prop...
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Related to Acquisition Funds Requests

  • Proceeds to be Turned Over To Administrative Agent In addition to the rights of the Administrative Agent and the Lenders specified in Section 6.1 with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor in trust for the Administrative Agent and the Lenders) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 6.5.

  • Funding Request The Borrower hereby requests the Funding pursuant to Section 2.1 and Section 2.3 of the Loan Agreement.

  • Borrowing Date Such Borrowing shall occur on or prior to March 21, 2018.

  • Advance Request To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request (at least one (1) Business Day before the Closing Date and at least five (5) Business Days before each Advance Date other than the Closing Date) to Agent. The Lenders shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan Advance is satisfied as of the requested Advance Date.

  • Notices of Borrowing The Administrative Agent shall have received a Notice of Borrowing in connection with any such request for extension of credit which complies with the requirements hereof.

  • Notice of Borrowing and Disbursement The Swingline Lender will make Swingline Loans available to the Borrower on any Business Day upon request made by the Borrower not later than 2:00 P.M. (Charlotte, North Carolina time) on such Business Day. A notice of request for Swingline Loan borrowing shall be made in the form of Schedule 2.1(b)(i) with appropriate modifications. Swingline Loan borrowings hereunder shall be made in minimum amounts of $100,000 and in integral amounts of $100,000 in excess thereof.

  • Notice of Borrowing; Letter of Credit Request (a) Prior to the making of each Term Loan, the Administrative Agent shall have received a Notice of Borrowing (whether in writing or by telephone) meeting the requirements of Section 2.3. (b) Prior to the making of each Revolving Credit Loan (other than any Revolving Credit Loan made pursuant to Section 3.4(a)) and each Swingline Loan, the Administrative Agent shall have received a Notice of Borrowing (whether in writing or by telephone) meeting the requirements of Section 2.3. (c) Prior to the issuance of each Letter of Credit, the Administrative Agent and the Letter of Credit Issuer shall have received a Letter of Credit Request meeting the requirements of Section 3.2(a). The acceptance of the benefits of each Credit Event shall constitute a representation and warranty by each Credit Party to each of the Lenders that all the applicable conditions specified in Section 7 above have been satisfied as of that time.

  • Draw Request At such time as the Borrower shall desire to obtain, subject to the other requirements hereof, a disbursement of any portion of the proceeds of the Loan, the Borrower shall complete, execute and deliver to the City a properly completed draw request in a form designated by the City, together with the General Contractor's Payment Request which shall have been approved by the City's Inspector and by such other documents as the City may request ("Draw Request"), all in such form as the City may require from time to time. No failure or delay on the part of the City to require any such documents or information shall operate in any way so as to waive the City's rights to require all such documents and information at a later time. Draw requests will occur no more often than monthly, only with proper certification of completion from the Architect, and with the xxxxx 0% retainage being paid only after receipt of a Certificate of Occupancy and Release of Liens. All draw disbursements shall be made in accordance with the Escrow and Disbursing Agreement.

  • Advance Requests Borrower may request that Lender make an Advance by delivering to Lender an Advance Request therefor and Lender shall be entitled to rely on all the information provided by Borrower to Lender on or with the Advance Request. The Lender may honor Advance Requests, instructions or repayments given by the Borrower (if an individual) or by any Authorized Person.

  • Actions of Custodian Based on Proper Instructions and Special Instructions So long as and to the extent that the Custodian acts in accordance with (a) Proper Instructions or Special Instructions, as the case may be, and (b) the terms of this Agreement, the Custodian shall not be responsible for the title, validity or genuineness of any property, or evidence of title thereof, received by it or delivered by it pursuant to this Agreement.

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