Amount of Disbursements. Following a request by the Borrower for a Loan disbursement, the City shall disburse only after meeting the following conditions.
Amount of Disbursements. In no event shall Lender be obligated to make disbursements of the Net Proceeds in excess of an amount equal to the costs actually incurred from time to time for work in place as part of the Restoration (including Lender’s reasonable third party costs and expenses), as certified by the Casualty Consultant, minus the Restoration Retainage. “Restoration Retainage” means an amount equal to the greater of (i) ten percent (10%) of the costs actually incurred for work in place as part of the Restoration, as certified by the Casualty Consultant, and (ii) the amount actually held back by the applicable Individual Borrower from contractors, subcontractors and material suppliers engaged in the Restoration. The Restoration Retainage shall not be released until the Casualty Consultant certifies to Lender that the Restoration has been substantially completed in accordance with the provisions of this Section 3.2 and that all approvals necessary for the re-occupancy and use of the affected Property have been obtained from all appropriate Governmental Authorities, and Lender receives evidence reasonably satisfactory to Lender that the costs of the Restoration have been paid in full or will be paid in full out of the Restoration Retainage, provided, however, that Lender will release the portion of the Restoration Retainage being held with respect to any contractor, subcontractor or material supplier engaged in the Restoration as of the date upon which either (i) the Casualty Consultant certifies to Lender that the contractor, subcontractor or material supplier has satisfactorily completed all work and has supplied all materials in accordance with the provisions of that contractor’s, subcontractor’s or material supplier’s contract, or (ii) the applicable contractor, subcontractor or material supplier delivers to Lender lien waivers and evidence of payment in full of all sums due to the contractor, subcontractor or material supplier as may be reasonably requested by Lender or by the Title Company. If required by Lender, the release of any such portion of the Restoration Retainage shall be approved by the surety company, if any, which has issued a payment or performance bond with respect to the contractor, subcontractor or material supplier.
Amount of Disbursements. BORROWER may require as many disbursements as it may deem appropriate according to its needs as long as the aggregate sum of disbursements requested in the relevant Disbursement Requests do not exceed the total amount of the Credit Facility; consequently, in no case and under no circumstance, will LENDER be bound, or may be interpreted to be bound, to make disburse an amount higher than or exceeding the Credit Facility.
Amount of Disbursements. BORROWER may require as many disbursements as it may deem appropriate according to its needs as long as the aggregate sum of disbursements requested in the relevant Disbursement Requests do not exceed the total amount of the Credit Facility; consequently, in no case and under no circumstance, will LENDER be bound, or may be interpreted to be bound, to make disburse an amount higher than or exceeding the Credit Facility. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Amount of Disbursements. Lender shall have no obligation to make an advance if (a) the percentage of Construction Costs in the Project Budget which has already been disbursed is greater than the percentage of completion of the Project, as certified to Lender in any Certificate of Job Progress and verified by Lender or the Consultant, (b) the percentage of any Construction Cost line item in the Project Budget which is already paid out is greater than the percentage of completion of that line item, or (c) in Lender's reasonable opinion the value of the Property as then improved is not adequate security for the Loan.
Amount of Disbursements. Lender will disburse funds against Borrower's Note up to the full amount thereof and as shown in accordance with the terms and conditions therein set forth. Borrower will accept all such advances requested by Borrower and made by Lender pursuant to this Agreement up to the full amount of the Loan. All disbursements will be made only into an operating account maintained by Borrower at The Huntington National Bank. The disbursements shall be made no more frequently than twice per month. Upon the occurrence and during the continuance of any Event of Default, Lender shall be relieved of all obligations to make further advances under the Note. In such event, however, Lender shall retain the power to make further advances, at Lender's sole option, for the purpose of protecting the Project. Such advances shall be secured by the Mortgage, and the priority of the Mortgage as to such advances shall be the same as to those advances made by Lender before any such failure by Borrower.
Amount of Disbursements. In no event shall Lender be obligated to make disbursements of the Net Proceeds in excess of an amount equal to the costs
Amount of Disbursements. Subject to the provisions of this Agreement and the other Loan Documents, the Lender shall make Disbursements up to the aggregate amount of the direct costs specified in the Budget for the purposes and in the amounts described therein, and not in excess of the budgeted amount thereof, and the Lender shall make Disbursements for indirect costs up to the aggregate amount of the indirect costs specified in the Budget for the purposes and in the amounts described therein and not in excess of the budgeted amount thereof; provided, however, that in no event shall the total of all Disbursements, together with the Initial Disbursement, exceed the Loan Amount, unless otherwise agreed in writing by the Lender. The amount of each Disbursement will be based upon the percentage of completion of work to be performed. Subject to Section 7.9, Disbursements shall be deposited in the Operating Account. In the event a dispute arises with respect to any Request for Disbursement, the Lender shall have the right without notice, to delay the Disbursement until the dispute has been resolved.
Amount of Disbursements. If any itemised invoice remains unpaid after 30 days of the date of issue, interest at a rate not exceeding the Cash Rate Target, as fixed by the Reserve Bank of Australia, plus 5%, will be charged from the invoice date. • Agent got every right to stop the services in case of unpaid invoices for services in advance with no responsibility of any adverse impact it might have on client with outcome or progress of service/file lodgement or preparations as applicable. • Each block of service fee as mentioned in Payment Schedule needs to be paid in advance and will be disbursed into normal business transaction amount at completion of that block of work. • $55 per email or phone call reply which is outside scope of work as client is entitled to keep asking for progress of their file, but this has to be limited to 2 follow ups unless there is delay from our end. So any follow ups after 2 times will result in charges as that can delay client’s work as well as other files with in company. • No refund will be there due to withdrawal The Client and THE AGENT declare that: • The Client has been told by THE AGENT about the existence and purpose of the Migration Agent ‘s Code of Conduct; and • THE AGENT has guaranteed to the Client it will provide a copy of the Code, on request, to the Client; and • THE AGENT has provided the Client with a copy of the document Information On the Regulation of the Migration Advice Industry. • AGENT DOES NOT guarantee that the application will be finalized within a prescribed period of time or within a certain time, THE AGENT can only provide an estimate of current processing periods applicable to the application category. • THE AGENT does not guarantee DOHA/government Bodies will notify of acknowledgement of received document(s) sent by THE AGENT/Client, however, THE AGENT strongly recommended to use the Registered or Express Mail or other safe method for sending any document. • The Client acknowledges that THE AGENT has advised that provision of any fraudulent or forged documents is an offence under Australian law and may result in the refusal of the application and/or the cancellation of any visas held by the Client in addition to prosecution. • THE AGENT is not responsible for the authenticity or bona fides of any documents supplied or provided to it by the Client. It is the Client ‘s/applicant ‘s/Sponsor ‘s responsibilities to ensure all documents supplied/provided to THE AGENT are not fraudulent/forged documents • THE AGENT reserves ...
Amount of Disbursements. The sum of all disbursements shall not exceed the lesser of the amount of the Grant or 25% of the costs of the Remediation.
