Conditions to Final Disbursement Sample Clauses

Conditions to Final Disbursement. The City’s obligation hereunder to make the final Disbursement with respect to the Horizontal Infrastructure Improvements, the Vertical Infrastructure Improvements and the Live! Component is conditioned upon City’s receipt of all of the following, each in form and substance reasonably satisfactory to the City:
Sample 1
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Conditions to Final Disbursement. The City’s obligation hereunder to make the final Disbursement with respect to the Horizontal Infrastructure Improvements, the Vertical Infrastructure Improvements and the Live! Component is conditioned upon City’s receipt of all of the following, each in form and substance reasonably satisfactory to the City: Disbursement Request - Public Costs, together with all required Supporting Documentation. Evidence that the Developer and/or Developer Subsidiary has obtained all Governmental Approvals for the Horizontal Infrastructure Improvements, the Vertical Infrastructure Improvements and the Live! Component and a satisfactory inspection report with respect to the Horizontal Infrastructure Improvements, the Vertical Infrastructure Improvements and the Live! Component from the Construction Inspector, which shall be delivered by Construction Inspector with the Disbursement Request - Public Costs. An updated Budget, showing the amount of money spent or incurred to date on the Horizontal Infrastructure Improvements, the Vertical Infrastructure Improvements and the Live! Component. Additionally, prior to any final Disbursement hereunder for the Public Costs of the Horizontal Infrastructure Improvements, the Vertical Infrastructure Improvements and the Live! Component, the City must be satisfied that all necessary Governmental Approvals have been obtained or will be obtained in due course for the Horizontal Infrastructure Improvements, the Vertical Infrastructure Improvements and the Live! Component, and are or will be final, unappealed, and unappealable, and remain in full force and effect without restriction or modification. A final survey showing all of the Infrastructure Improvements and applicable easements. Evidence satisfactory to the City that the Developer or Developer Subsidiary has achieved Substantial Completion of the Horizontal Infrastructure Improvements, the Vertical Infrastructure Improvements and the Live! Component and each of the items set forth in the Infrastructure Improvements and Live! Component Completion Conditions set forth in Section IX.7. below.
Sample 1

Related to Conditions to Final Disbursement

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent:

  • Conditions to Financial Assistance and its Disbursement The Grantor's obligations hereunder, including its obligation to make financial assistance available to the Recipient pursuant to the terms of this Agreement, are contingent upon compliance by the Recipient with the following conditions:

  • Disbursement of Funds No later than 1:00 p.m. (local time at the place of funding) on the date specified in each Notice of Borrowing, each Lender will make available its Pro Rata Share of Loans, to fund the Borrowing requested to be made on such date in Dollars, Euro or Sterling, as the case may be, and in immediately available funds, at the Payment Office (for the account of such non-U.S. office of the Administrative Agent as the Administrative Agent may direct in the case of Eurocurrency Loans) and the Administrative Agent will make available to the Borrower at its Payment Office the aggregate of the amounts so made available by the Lenders not later than 2:00 p.m. (local time in the place of payment). Unless the Administrative Agent shall have been notified by any Lender at least one Business Day prior to the date of Borrowing that such Lender does not intend to make available to the Administrative Agent such Lender’s portion of the Borrowing to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing and the Administrative Agent may, but shall not be required to, in reliance upon such assumption, make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender on the date of Borrowing, the Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent shall promptly notify the Borrower and, if so notified, the Borrower shall immediately pay such corresponding amount to the Administrative Agent. The Administrative Agent shall also be entitled to recover from the Borrower interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to the rate for Base Rate Loans or Eurocurrency Loans, applicable to the Type of Loan to which such corresponding amount related, for the period in question; provided, however, that any interest paid to the Administrative Agent in respect of such corresponding amount shall be credited against interest payable by the Borrower to such Lender under Section 3.1 in respect of such corresponding amount. Any amount due hereunder to the Administrative Agent from any Lender which is not paid when due shall bear interest payable by such Lender, from the date due until the date paid, at the Federal Funds Rate for amounts in Dollars (and at the Administrative Agent’s cost of funds for amounts in Euros or Sterling or any other Alternative Currency) for the first three days after the date such amount is due and thereafter at the Federal Funds Rate (or such cost of funds rate) plus 1%, together with the Administrative Agent’s standard interbank processing fee. Further, such Lender shall be deemed to have assigned any and all payments made of principal and interest on its Loans, amounts due with respect to its Letters of Credit (or its participations therein) and any other amounts due to it hereunder first to the Administrative Agent to fund any outstanding Loans made available on behalf of such Lender by the Administrative Agent pursuant to this Section 2.7 until such Loans have been funded (as a result of such assignment or otherwise) and then to fund Loans of all Lenders other than such Lender until each Lender has outstanding Loans equal to its Pro Rata Share of all Loans (as a result of such assignment or otherwise). Such Lender shall not have recourse against the Borrower with respect to any amounts paid to the Administrative Agent or any Lender with respect to the preceding sentence; provided, that such Lender shall have full recourse against the Borrower to the extent of the amount of such Loans such Lender has been deemed to have made pursuant to the preceding sentence. Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment hereunder or to prejudice any rights which the Borrower may have against the Lender as a result of any default by such Lender hereunder.

  • Disbursement of Funds to Eligible Grantees Funds will be disbursed monthly, in arrears.

  • BASIC CONDITIONS The State shall have no obligation to disburse money for the Project under this Grant Agreement until the Grantee has satisfied the following conditions:

  • Conditions to Effectiveness This Amendment shall become effective as of the date hereof and upon the satisfaction of the following conditions precedent:

  • Conditions to Obligations of the Company The Company’s obligation to sell and issue the Shares and the Warrants at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company:

  • Conditions to Seller’s Obligations The obligations of Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction of the following conditions on or before the Closing Date:

  • Conditions to Payment The obligation of Freddie Mac to pay any Transfer Amount and/or Return Reimbursement Amount and the obligation of the Trust to pay any Return Amount pursuant to Sections 2 and 3, respectively, shall be subject to the following conditions precedent:

  • Conditions to Obligations of Buyer The obligations of Buyer to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or Buyer’s waiver, at or prior to the Closing, of each of the following conditions:

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