Borrower Loan Disbursements. The Borrower Loan shall be disbursed by the Funding Lender, as agent for the Governmental Lender, pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Agreement. Amounts held by the Fiscal Agent shall be disbursed to or for the benefit of the Borrower as provided in the Funding Loan Agreement.
Appears in 8 contracts
Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement
Borrower Loan Disbursements. The Proceeds of the Borrower Loan shall be disbursed by the Fiscal Agent upon approval by the Funding Lender, as agent for the Governmental Lender, pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Agreement. Amounts held by the Fiscal Agent shall be disbursed , to or for the benefit of the Borrower as provided in Section 7.7 of the Funding Loan Agreement.
Appears in 6 contracts
Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement
Borrower Loan Disbursements. The Proceeds of the Borrower Loan shall be disbursed by the Funding Lender, as agent for the Governmental Lender, pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Agreement. Amounts held by the Fiscal Agent shall be disbursed to or for the benefit of the Borrower as provided in the Funding Loan Agreement.
Appears in 3 contracts
Samples: Borrower Loan Agreement, Borrower Loan Agreement, Regulatory Agreement and Declaration of Restrictive Covenants
Borrower Loan Disbursements. The Borrower Loan shall be disbursed by the Funding Lender, as agent for the Governmental Lender, pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Agreement. Amounts held by the Fiscal Agent shall be disbursed to or for the benefit of the Borrower as provided in the Funding Loan Agreement.
Appears in 3 contracts
Samples: Borrower Loan Agreement, Borrower Loan Agreement, Regulatory Agreement and Declaration of Restrictive Covenants
Borrower Loan Disbursements. The Borrower Loan shall be disbursed by the Fiscal Agent upon approval by the Funding Lender, as agent for the Governmental Lender, pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Agreement. Amounts held by the Fiscal Agent shall be disbursed , to or for the benefit of the Borrower as provided in Section 7.7 of the Funding Loan Agreement.
Appears in 2 contracts
Borrower Loan Disbursements. The Borrower Loan shall be disbursed by the Funding Lender, as agent for the Governmental Lender, pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Agreement. Amounts held by the Fiscal Agent shall be disbursed to or for the benefit of the Borrower as provided in the Funding Loan Agreement.Agreement.
Appears in 1 contract
Samples: Borrower Loan Agreement
Borrower Loan Disbursements. The Proceeds of the Borrower Loan shall be disbursed by the Funding Lender, as agent for the Governmental Lender, pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Agreement. Amounts held by the Fiscal Agent shall be disbursed to or for the benefit of the Borrower as provided in pursuant to the Construction Funding Agreement and Article VII of the Funding Loan Agreement.
Appears in 1 contract
Samples: Borrower Loan Agreement
Borrower Loan Disbursements. The Borrower Loan shall be disbursed by the Funding Lender, as agent for the Governmental Lender, pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Agreement. Amounts held by the Fiscal Agent shall be disbursed to or for the benefit of the Borrower as provided in the Funding Loan Disbursement Agreement.
Appears in 1 contract
Samples: Borrower Loan Agreement
Borrower Loan Disbursements. The Proceeds of the Borrower Loan shall be disbursed by the Funding Lender, as agent for Fiscal Agent upon approval by the Governmental Lender, Servicer pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Disbursement Agreement. Amounts held by the Fiscal Agent shall be disbursed , to or for the benefit of the Borrower as provided in Section 3.4 of the Funding Loan Agreement.
Appears in 1 contract
Samples: Borrower Loan Agreement
Borrower Loan Disbursements. The Borrower Loan shall be disbursed by the Funding Lender, as agent for on behalf of the Governmental Lender, pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Agreement. Amounts held by the Fiscal Agent shall be disbursed to or for the benefit of the Borrower as provided in the Funding Loan Agreement.
Appears in 1 contract
Samples: Borrower Loan Agreement