Disbursement Method. Disbursements under this Agreement will be made by Electronic Funds Transfer (EFT) and shall be processed in accordance with the provisions of OAR 407-120-0100 through 407-120-0380 or OAR 410-120-1260 through OAR 410-120-1460, as applicable, and any other OHA Oregon Administrative Rules that are program-specific to the xxxxxxxx and payments. Upon request, Recipient must provide its taxpayer identification number (TIN) and other necessary banking information to receive EFT payment. Recipient must maintain at its own expense a single financial institution or authorized payment agent capable of receiving and processing EFT using the Automated Clearing House (ACH) transfer method. The most current designation and EFT information will be used for all disbursements under this Agreement. Recipient must provide this designation and information on a form provided by OHA. In the event that EFT information changes or the Recipient elects to designate a different financial institution for the receipt of any payment made using EFT procedures, Recipient will provide the changed information or designation to the EFT Coordinator identified in Exhibit A, Part 2, Section 1.
Disbursement Method. Disbursements under this Agreement will be made by Electronic Funds Transfer (EFT) and shall be processed in accordance with the provisions of OAR 407-120-0100 through 407-120-0380 or OAR 410-120-1260 through OAR 410-120-1460, as applicable, and any other OHA Oregon Administrative Rules that are program-specific to the xxxxxxxx and payments. Upon request, Recipient must provide its taxpayer identification number (TIN) and other necessary banking information to receive EFT payment. Recipient must
Disbursement Method. Disbursements under this Agreement will be made by Electronic Funds Transfer (EFT) and shall be processed in accordance with the provisions of OAR 407-120-0100 through 407-120-0380 or OAR 410-120-1260 through OAR 410-120-1460, as applicable, and any other OHA Oregon Administrative Rules that are program-specific to the xxxxxxxx and payments. Upon request, Recipient must provide its taxpayer identification number (TIN) and other necessary banking information to receive EFT payment. Recipient must maintain at its own expense a single financial institution or authorized payment agent capable of receiving and processing EFT using the Automated Clearing House (ACH) transfer method. The most current designation and EFT information will be used for all disbursements under this Agreement. Recipient must provide this designation and information on a form provided by OHA. In the
Disbursement Method. Disbursements under this Agreement will be made by Electronic Funds Transfer (EFT). Upon request, Recipient shall provide its taxpayer identification number (TIN) and other necessary banking information to receive EFT disbursement. Recipient shall maintain at its own expense a single
Disbursement Method. Disbursements under this Agreement will be made by Electronic Funds Transfer (EFT) Upon request, Recipient shall provide its taxpayer identification number (TIN) and other necessary banking information to receive EFT disbursement. Recipient shall maintain at its own expense a single financial institution or authorized disbursement agent capable of receiving and processing EFT using the Automated Clearing House (ACH) transfer method. The most current designation and EFT information will be used for all disbursements under this Agreement. Recipient shall provide this designation and information on a form provided by OHA. In the event that EFT information changes or the Recipient elects to designate a different financial institution for the receipt of any disbursement made using EFT procedures, Recipient shall provide the changed information or designation to OHA on an OHA-approved form. OHA is not required to make any disbursement under this Agreement until receipt of the correct EFT designation and disbursement information from the Recipient.
Disbursement Method. The check for the earned Referral Fee shall be made payable to and mailed to the Referring Firm at the firm’s address identified below, for disbursement to the Referring Broker. Referring Firm: Address of Referring Firm:
Disbursement Method. Present a loan drawdown form and relevant documents in the preceding paragraph.
Disbursement Method. Each disbursement of Cash Proceeds for the payment of restoration costs shall be made by the Bank or, following the occurrence of an Event of Default, in such manner as Bank may direct. Upon satisfaction by the Company of the conditions to disbursement set forth in PARAGRAPH A.5, Bank shall promptly authorize disbursement of such funds for the payment of the restoration costs described in the approved Payment Request Documents for such disbursement, or to reimburse the Company therefor; PROVIDED, HOWEVER, upon the occurrence of an Event of Default Bank, at its sole option, may make disbursements directly to any contractors, subcontractors, laborers, materialmen, or other persons providing services or materials to the Project (collectively, "Claimants") by issuing and delivering to the Company cashier's checks payable to such Claimants, in accordance with a "Request for Cashier's Checks" which shall be submitted by the Company and approved by Bank as part of the Payment Request Documents for such disbursement. The Company agrees to cause all payments or reimbursements from the Disbursement Account to be made by checks drawn upon such account.
Disbursement Method. Each Disbursement from the Construction Fund for the payment of Project Costs shall be made by the Trustee to the Bank for the account of the Company, in such manner as the Bank may direct the Trustee. Upon receipt of such an approved Disbursement from the Trustee, the Bank shall promptly disburse such funds for the payment of the Project Costs described in the approved Payment Request Documents for such Disbursement, by depositing such funds into the Disbursement Account to cover checks drawn on such Disbursement Account to pay such Project Costs, or to reimburse the Company therefor, provided, however, that the Bank, at its sole option, may make Disbursements directly to any contractors, subcontractors, laborers, materialmen, or other persons providing services or materials to the Project (collectively, "Claimants") by using the Bank's "Cashier's Check Method of Payment," i.e., by issuing and delivering to the Company cashier's checks payable to such Claimants, in accordance with a "Request for Cashier's Checks" which shall be submitted by the Company and approved by the Bank as part of the Payment Request Documents for such Disbursement.
Disbursement Method. The disbursement method for this drawdown should be: [ (A) ]
(A) Entrusted Payment Method This drawdown should be made under Entrusted Payment Method; we hereby irrevocably authorize/entrust your Bank that: after transferring the drawdown amount to our Loan Account, please use the same to make payment to our commercial counterparty on behalf of us (related accounts info, and supporting documents to be attached otherwise): We confirm that, at and until the issuance of this Payment Authorization Letter, all the representations, warranties, undertakings and covenants provided in the Facility Agreement are true and valid in all material respects and no Events of Default (or potential Events of Default) are existing or continuing. Terms defined in the Facility Agreement shall have the same meaning in this Payment Authorization Letter. We hereby confirm that, where your Bank has received this payment authorization, your bank reserves the right not to process the payment if you are of the opinion that there are insufficient available funds even if the drawdown amount has been granted, or if the information given is incorrect, incomplete or is not sufficiently clear, or conflicts with that of supporting documents such as business contracts, or the processing thereof will lead to a breach of any applicable laws, regulations or stipulations in some agreement. Your Bank shall not be liable for any loss or damage suffered by any person arising out of payment delay, rejection and/or return, or any delay by your Bank in processing the payment or your Bank’s decision in not processing the same, where any information given is, in the opinion of your Bank, incorrect, incomplete or is not sufficiently clear or the processing thereof will be in breach of any applicable laws, regulations or stipulations. Unless another written notice of authorization cancellation is delivered to you otherwise and agreed by you, the authorization and entrustment hereunder shall always be valid.
(B) Independent Payment Method Please transfer the amount of this drawdown to our Loan Account for our discretionary payment. We undertake hereby we would provide to you a list of payment records within three months of such drawdown for purpose of evidencing our compliance with loan purpose hereof. We confirm that, at and until the drawdown date hereof, all the representations, warranties, undertakings and covenants in Clause 3, Clause 4 and Clause 5 in the Facility Agreement are true and valid in all m...
