Common use of Authorized Funding Draws Clause in Contracts

Authorized Funding Draws. As provided in Section 4.03(c), the Company shall cause Authorized Funding Draws to be disbursed from the LIP Account (i) as and when requested by or on behalf of the Borrower in accordance with the Loan Documents, and (ii) to reimburse the Receiver for Authorized Funding Draws made by the Receiver at any time after the Cut-Off Date and on or before the Servicing Transfer Date.

Authorized Funding Draws. As provided in Section 4.03(c), the Company shall cause Authorized Funding Draws to be disbursed from the LIP Account (i) as and when requested by or on behalf of the Borrower in accordance with the Loan Documents, and (ii) to reimburse the Receiver for Authorized Funding Draws made by the Receiver at any time after the Cut-Off Date and on or before the Servicing Transfer Date.