All Disbursements Clause Samples
The "All Disbursements" clause defines the responsibility for payment of all expenses, fees, or costs incurred in connection with a contract or transaction. Typically, this clause specifies that one party—often the client or purchaser—must reimburse or directly pay for all disbursements made by the service provider, such as filing fees, travel expenses, or third-party charges. Its core practical function is to ensure that the party providing services is not financially burdened by out-of-pocket costs related to the performance of their duties, thereby allocating the risk and responsibility for such expenses to the appropriate party.
All Disbursements. In addition to the provisions of Section 4.01 above, the obligation of EBRD to make any Disbursement shall also be subject to the fulfilment, in form and substance satisfactory to EBRD, or at the sole discretion of EBRD the waiver, whether in whole or part and whether subject to conditions or unconditional, of the conditions that, on the date of the Borrower's application for such Disbursement and on the date of such Disbursement:
All Disbursements. The obligation of the Administrative Agent and the Lenders to make any Disbursements is subject to the satisfaction of each of the following conditions precedent:
All Disbursements. The obligation of the Lenders to make any Disbursements hereunder, or of the Agent to issue, renew or extend any Letters of Credit hereunder, is subject to the performance by the Borrower of its obligations to be performed hereunder at or prior to the making of any such Disbursement or the issuance, renewal or extension of any such Letter of Credit, as the case may be, and to the satisfaction of each of the following conditions precedent:
All Disbursements. At the time of each subsequent Disbursement hereunder:
(a) the representations and warranties set forth in Sections 5.1, 5.2, 5.4, 5.5, 5.7, 5.8, 5.9, 5.10, 5.11 5.12, 5.13, 5.14, and 5.15 shall be true and correct as of the date of such Disbursement, unless (i) the same expressly relate to an earlier date; or (ii) changes thereto are disclosed to CIRM in updates to the Schedules hereto provided by Loan Recipient at least three (3) business days prior to such Disbursement; provided that, (A) in the case of (i) and (ii), no Material Adverse Effect exists, and (B) clauses (i) and (ii) shall not apply to the first two sentences of Section 5.1 and the first two sentences of Section 5.2; and
(b) no Event of Default or other event permitting termination of this Agreement shall have occurred and be continuing or would occur as a result of such Disbursement. Acceptance by Loan Recipient of a Disbursement hereunder through deposit of such Disbursement to Loan Recipient’s account shall be deemed to be a representation and warranty by Loan Recipient on the date of such Disbursement as to the matters specified in subsections (a) through (b), inclusive, of this Section 4.13; provided, however, that CIRM may continue to make Disbursements in its sole discretion, notwithstanding the failure of Loan Recipient to satisfy one or more of the conditions set forth above and any such Disbursements so made shall not be deemed a waiver of any Event of Default or other condition set forth above that may then exist.
All Disbursements. The obligation of the Lenders to make any Disbursements is subject to the satisfaction of each of the following conditions precedent:
All Disbursements. The obligation of EBRD to make any Disbursement, including (except as otherwise provided) each Renewal Disbursement, shall also be subject to the fulfilment, in form and substance satisfactory to EBRD, or at the sole discretion of EBRD the waiver, whether in whole or part and whether subject to conditions or unconditional, of the conditions that, on the date of the Borrower's application for such Disbursement (other than in the case of a Renewal Disbursement) and on the date of such Disbursement:
All Disbursements. The obligation of the Bank to make any Disbursement shall also be subject to the fulfilment, in form and substance satisfactory to the Bank, or at the sole discretion of the Bank the waiver, whether in whole or part and whether subject to conditions or unconditional, of the conditions that, on the date of the Borrower’s application for such Disbursement and on the date of such Disbursement:
All Disbursements. The obligation of EDC to make any Disbursement shall also be subject to the fulfillment, in form and substance satisfactory to EDC, of the conditions that, on the date of the Borrower’s application for such Disbursement and on the date of such Disbursement:
All Disbursements. The obligation of NIB to make any Disbursement shall also be subject to the fulfillment, in form and substance satisfactory to NIB, of the conditions that, on the date of the Borrower’s application for such Disbursement and on the date of such Disbursement:
(a) Continuing Validity of Documents. All agreements, documents and instruments delivered to NIB pursuant to Section 4.01 and/or Section 4.02, as applicable, shall be in full force and effect and unconditional (except for this Agreement having become unconditional, if that is a condition of any such agreement, and except to any extent that such agreements, documents and instruments have been amended or replaced by other agreements, documents or instruments, in each case acceptable to NIB).
All Disbursements. The obligation of EBRD to make any Disbursement shall also be subject to the fulfilment, in form and substance satisfactory to EBRD, or at the sole discretion of EBRD the waiver, whether in whole or part and whether subject to conditions or unconditional, of the conditions that, on the date of the Borrower’s application for such Disbursement and on the date of such Disbursement:
(a) Continuing Validity of Documents. All agreements, documents and instruments delivered to EBRD pursuant to Section 4.01 shall be in full force and effect and unconditional (except for this Agreement having become unconditional, if that is a condition of any such agreement, document or instrument).