Disbursement Approval Sample Clauses

Disbursement Approval. All disbursements of Loan Proceeds shall be approved in writing in advance by Lender, in its sole and absolute discretion. Prior to any use by the Borrower of the Loan Proceeds, or any portion thereof, Borrower shall have received Lender's prior written approval of such use, with such approval being determined by Lender in its sole and absolute discretion. Notwithstanding the foregoing provisions of this Section 4.2, Borrower shall not need any approval from Lender with respect to its use of the first $50,000 of Loan Proceeds received by Borrower.
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Disbursement Approval. Absent any good faith questions or concerns with respect to the information included as part of a Disbursement Request, the City, within five (5) business days after receipt of a complete Disbursement Request, shall submit to the Trustee a statement authorizing disbursement in accordance with the Disbursement Request; provided that, if the City identifies any good faith questions or concerns with respect to such Disbursement Request, then the City will not be obligated to authorize the disbursement until such time that its questions or concerns have been addressed to its reasonable satisfaction.
Sample 1
Disbursement Approval. Within five business days after receipt of the above-referenced statement, YRC shall submit to the trustee a statement authorizing disbursement in accordance with the Disbursement Request; provided that, if: (i) YRC has delivered to Company written notice of any questions or concerns with respect to the materials included as part of the Disbursement Request; or (ii) Company is in default under the Construction Loan Documents beyond any applicable cure period; then YRC will not be obligated to authorize the disbursement until such time that its questions or concerns have been addressed to its reasonable satisfaction or Company’s default has been cured, as applicable.
Sample 1
Disbursement Approval. Within five business days after receipt of the above-referenced statement, the applicable Town Body will submit to the trustee a statement authorizing disbursement in accordance with the Disbursement Request; provided that, if: (A) the Town Bodies have delivered to Company and the Disbursement Agent of any good faith objections with respect to the Disbursement Request; or
Sample 1
Disbursement Approval. Within five business days after receipt of the above-referenced statement, the applicable Town Body will submit to the trustee a statement authorizing disbursement in accordance with the Disbursement Request; provided that, if: (A) the Town Bodies have delivered to Company and the Disbursement Agent written notice of any questions or concernsgood faith objections with respect to the materials included as part of the Disbursement Request; or (B) there is a continuing Event of Default by Company hereunder, or a default by Company under the Project Loan Documents continuing beyond any applicable cure periods; then the Town Bodies will not be obligated to authorize the disbursement until such time that its questions or concerns have been addressed to its reasonable satisfaction or Company’s Event of Default or default has been cured, as applicable. The trustee shall provide payment within five (5) days of receiving the authorizing statement from the applicable Town Body.
Sample 1

Related to Disbursement Approval

  • Authorization, Approval, etc No authorization, approval, or other action by, and no notice to or filing with, any governmental authority, regulatory body or any other Person is required either

  • Required Regulatory Approvals Certain transactions required, permitted or otherwise contemplated by this Agreement may under certain circumstances require prior filings with and approvals, or non-disapprovals, from the Indiana Department of Insurance or the Indiana Insurance Commissioner. Such transactions include: (a) issuance or purchase of any additional capital stock of the Company or other securities convertible into or exchangeable or exercisable for capital stock of the Company pursuant to Sections 1.2 or 3.4; (b) transfer of Shares to a wholly owned subsidiary of a Shareholder, to another Shareholder or to a wholly owned subsidiary of another Shareholder pursuant to Sections 3.1(a) or 3.4; (c) exercise of preemptive rights by a Shareholder pursuant to Section 3.2; and (d) exercise of call rights by the Company or a Shareholder pursuant to Section 3.3 (including pursuant to the two provisos in Section 3.1(b)). Notwithstanding anything to the contrary contained in this Agreement, any such transactions requiring filings with and approvals, or non-disapprovals, from the Indiana Department of Insurance or the Indiana Insurance Commissioner shall not, to the extent within the control of a party hereto, be entered into or consummated unless and until the required filings have been made and the required approvals (or non-disapprovals) have been obtained, and to the extent not within the control of an applicable party hereto, such party shall use best efforts to cause such transactions not to be entered into or consummated unless and until the required filings have been made and the required approvals (or non-disapprovals) have been obtained.

  • Government Approval Boeing and Customer will assist each other in obtaining any governmental consents or approvals required to effect certification and sale of aircraft under the applicable purchase agreement.

  • FCC Approval Notwithstanding anything to the contrary contained in this Agreement or in the other Loan Documents, neither the Administrative Agent nor any Lender will take any action pursuant to this Agreement or any of the other Loan Documents, which would constitute or result in a change in control of the Borrower or any of its Subsidiaries requiring the prior approval of the FCC without first obtaining such prior approval of the FCC. After the occurrence of an Event of Default, the Borrower shall take or cause to be taken any action which the Administrative Agent may reasonably request in order to obtain from the FCC such approval as may be necessary to enable the Administrative Agent to exercise and enjoy the full rights and benefits granted to the Administrative Agent, for the benefit of the Lenders by this Agreement or any of the other Loan Documents, including, at the Borrower’s cost and expense, the use of the Borrower’s best efforts to assist in obtaining such approval for any action or transaction contemplated by this Agreement or any of the other Loan Documents for which such approval is required by Law.

  • Requisite Regulatory Approvals All Consents required to be obtained from or made with any Governmental Authority in order to consummate the transactions contemplated by this Agreement shall have been obtained or made.

  • Agency Approval The Servicer has been approved by FNMA or FHLMC and will remain approved as an "eligible seller/servicer" of conventional, residential mortgage loans as provided in FNMA or FHLMC guidelines and in good standing. The Servicer has not received any notification from FNMA or FHLMC that the Servicer is not in compliance with the requirements of the approved seller/servicer status or that such agencies have threatened the servicer with revocation of its approved seller/servicer status.

  • Lender Approval Manager shall assist Owner, as requested, in obtaining any approvals of proposed leases for the Project, the tenants and the terms thereof which may be required from the Project's lenders, including senior financing, mezzanine level financing or preferred equity (each, a "Lender" and collectively, "Lenders") in accordance with the terms of the applicable loan documents.

  • Government Approvals All authorizations, consents, orders or approvals of, or declarations or filings with, or expiration of waiting periods imposed by, any governmental authority necessary for the consummation of the transactions contemplated by this Agreement shall have been filed, occurred or been obtained.

  • Regulatory Approval 25.1 The Parties understand and agree that this Agreement and any amendment or modification hereto will be filed with the Commission for approval in accordance with Section 252 of the Act and may thereafter be filed with the FCC. The Parties believe in good faith and agree that the services to be provided under this Agreement are in the public interest. Each Party covenants and agrees to fully support approval of this Agreement by the Commission or the FCC under Section 252 of the Act without modification.

  • Authorization; Approvals The issuance of the Policy and the execution, delivery and performance of this Agreement and the Insurance Agreement have been duly authorized by all necessary corporate proceedings. No further approvals or filings of any kind, including, without limitation, any further approvals of or further filings with any governmental agency or other governmental authority, or any approval of the Insurer’s board of directors or stockholders, are necessary for the Policy, this Agreement and the Insurance Agreement to constitute the legal, valid and binding obligations of the Insurer.

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