Disbursement Notice Sample Clauses

Disbursement Notice. If the CEB receives a Disbursement Request that complies with the Disbursement Request requirements set out in Sub-clause 4.3(a) above, and if all other relevant Disbursement Conditions as defined in Sub-clause 4.5 (Disbursement Conditions) below have been fulfilled by the Borrower, the CEB shall deliver to the Borrower a disbursement notice substantially in the form set out under Appendix 3 hereto (hereinafter, a “Disbursement Notice”). Each Disbursement Notice shall be delivered at least two (2) Business Days before the proposed Disbursement Date. A Disbursement Notice shall specify:
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Disbursement Notice. (a) Not less than 10 (ten) days before the proposed Scheduled Disbursement Date of a Tranche the Bank shall, if the Disbursement Request conforms to this Article 1.02, deliver to the Borrower a Disbursement Notice which shall specify:
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Disbursement Notice. If Buyer believes in good faith that it is entitled to draw funds from the Post-Closing Reserve for Stated Expenditures, it shall deliver a written notice ('Disbursement Notice') to Escrow Holder, with a copy to Seller. The Disbursement Notice shall (i) state the amount of disbursement Buyer is seeking, (ii) specify the date such disbursement should be made (which shall be no sooner than three (3) Business Days after the date the Disbursement Notice is delivered to Escrow Holder), (3) contain Buyer's statement that Buyer has previously incurred (and has not been reimbursed for) $2,500,000 of its own funds for Stated Expenditures, and that the requested disbursement is to pay or reimburse Buyer for additional Stated Expenditures reasonably incurred by Buyer to the extent reimbursable under this Section 11.2.3, (4) be signed by Buyer and (5) be accompanied by copies of reasonable back-up documentation (such as invoices and/or copies of checks) identifying the expenditures for which the disbursement will be used and showing that such expenditures have been paid or are payable. Except as expressly provided in Section 11.2.3.3, below, Escrow Holder shall disburse funds from the Post-Closing Reserve to Buyer (or as otherwise directed by Buyer) in accordance with any Disbursement Notice delivered by Buyer to Escrow, and Buyer and Seller hereby irrevocably instruct Escrow Holder to make such disbursement. Escrow Holder shall have no obligation or right to verify or question the accuracy or sufficiency of information set forth in or accompanying any Disbursement Notice. In addition, no consent or further instructions from Seller shall be required as a condition to any such disbursement and, except as expressly provided in Section 11.2.3.3, below, such disbursement shall be made notwithstanding any contrary instructions that may be delivered by Seller to Escrow Holder. In the event Seller disputes any Disbursement Notice or Buyer's entitlement to funds from the Post- Closing Reserve, Seller shall not be entitled to prevent disbursement in accordance with the Disbursement Notice, whether through demand made upon Escrow Holder or by injunction or other equitable remedy, but Seller may cause certain future disbursements to be suspended pending resolution of such dispute to the extent expressly provided in Section 11.2.3.3
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Disbursement Notice. (Template) <Date, place> To the attention of: [• ] Reference number: [ ] Dear Sir/Madam, In response to your Disbursement Request dated [●] with reference to the Grant Agreement dated [•] (hereinafter, the “Agreement”) between the Council of Europe Development Bank (hereinafter, the “CEB”) and [ ] (hereinafter, the “Beneficiary”), the CEB hereby notifies to the Beneficiary, in accordance with Article 2.3 (Disbursement Procedure) of the Agreement, the amount of the <Enter number of the tranche> Tranche. The amount is EUR < ...> to be disbursed on < value date >. Yours faithfully, <Authorised Signatories> APPENDIX C REPORTING TEMPLATES (PROGRESS REPORTS AND COMPLETION REPORT) Ref: [PROJECT/TECHNICAL ASSISTANCE] TITLE: [PROGRESS REPORT / COMPLETION REPORT] REPORTING PERIOD: dd/mm/yyyy - dd/mm/yyyy Approved by (name and signature)_______________ Date: Table of Contents
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Disbursement Notice. (To be transcribed onto the Customer’s letterhead) KOPERASI BANK PERSATUAN MALAYSIA BERHAD (1146 / 7.6.50) Xx. 00, 00 & 00, Xxxxx Bank Persatuan, Xxxxx Xxxxx, Xxxxx Xxxxx, 00000 Butterworth, Pulau Pinang Dear Sirs, Re: ……………………… Facility of up to RM………………………….. only referred in the Facility Agreement dated *I/We refer to the abovementioned Facility Agreement.
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Disbursement Notice. Date [—] Banco de Crédito del Perú, as Administrative Agent [Address] Attention: [—] Facsimile: [—] Dear Sirs: We refer to Section 2.3 of the loan agreement made as of September 17, 2010 between Gold Fields La Cima S.A.A. as Borrower; Banco de Crédito del Perú and The Bank of Nova Scotia, as Lenders; Scotiabank Perú S.A.A., as Onshore Collateral Agent; The Bank of Nova Scotia Trust Company of New York, as Offshore Collateral Agent; Banco de Crédito del Perú, as Administrative Agent; and Banco de Crédito del Perú and The Bank of Nova Scotia as Mandated Lead Arrangers (the “Loan Agreement”). Capitalized terms used and not defined herein have the meanings given to them in the Loan Agreement. We hereby confirm our request for an aggregate Advance in the amount of US$ 200,000,000.00 as follows:
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Disbursement Notice. In accordance with Section 2.3 of this Agreement, the Borrower shall have delivered to the Administrative Agent (in form and substance satisfactory to it), at least three (3) Business Days before of the proposed Disbursement Date, a Disbursement Notice (in the form of Exhibit VII) requesting irrevocably the Advance.
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Disbursement Notice. Lima, [·] [·] of 20[·] Messrs. BBVA Continental City.-
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Disbursement Notice. The Borrower shall have delivered a Disbursement Notice in accordance with the requirements of Section 4.02(g) of the Depository Agreement.
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Related to Disbursement Notice

  • Determination to Honor Drawing Request In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, Agent shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit and that any other drawing condition appearing on the face of such Letter of Credit has been satisfied in the manner so set forth.

  • Disbursement Procedure (a) The Borrower may request Disbursements by delivering to IFC, at least 10 Business Days prior to the proposed date of disbursement, a Disbursement request substantially in the form of Schedule 2 (Form of Request for Disbursement).

  • Disbursement 7.1.1 Subject to the availability of sufficient moneys in and from the Funding Source based on Agency’s reasonable projections of moneys accruing to the Funding Source, Agency will disburse Grant Funds to Grantee for the allowable Project activities described in Exhibit A that are undertaken during the Performance Period.

  • Disbursement Requests Except as expressly provided in the Credit Agreement, Administrative Agent must receive Disbursement Requests in writing. Disbursement Requests will only be accepted from the applicable Authorized Representatives designated in the Disbursement Instruction Agreement. Disbursement Requests will be processed subject to satisfactory completion of Administrative Agent’s customer verification procedures. Administrative Agent is only responsible for making a good faith effort to execute each Disbursement Request and may use agents of its choice to execute Disbursement Requests. Funds disbursed pursuant to a Disbursement Request may be transmitted directly to the Receiving Bank, or indirectly to the Receiving Bank through another bank, government agency, or other third party that Administrative Agent considers to be reasonable. Administrative Agent will, in its sole discretion, determine the funds transfer system and the means by which each Disbursement will be made. Administrative Agent may delay or refuse to accept a Disbursement Request if the Disbursement would: (i) violate the terms of this Agreement; (ii) require use of a bank unacceptable to Administrative Agent or Lenders or prohibited by government authority; (iii) cause Administrative Agent or Lenders to violate any Federal Reserve or other regulatory risk control program or guideline; or (iv) otherwise cause Administrative Agent or Lenders to violate any applicable law or regulation.

  • Notice to the Administrative Agent The Borrower shall give notice to the Administrative Agent by no later than 10:00 a.m. (Chicago time): (i) at least three (3) Business Days before the date on which the Borrower requests the Lenders to advance a Borrowing of Eurodollar Loans and (ii) on the date the Borrower requests the Lenders to advance a Borrowing of Base Rate Loans. The Loans included in each Borrowing shall bear interest initially at the type of rate specified in such notice of a new Borrowing. Thereafter, subject to the terms and conditions hereof, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Borrowing or, subject to the minimum amount requirement for each outstanding Borrowing set forth in Section 1.5 hereof, a portion thereof, as follows: (i) if such Borrowing is of Eurodollar Loans, on the last day of the Interest Period applicable thereto, the Borrower may continue part or all of such Borrowing as Eurodollar Loans or convert part or all of such Borrowing into Base Rate Loans or (ii) if such Borrowing is of Base Rate Loans, on any Business Day, the Borrower may convert all or part of such Borrowing into Eurodollar Loans for an Interest Period or Interest Periods specified by the Borrower. The Borrower shall give all such notices requesting the advance, continuation or conversion of a Borrowing to the Administrative Agent by telephone, telecopy, or other telecommunication device acceptable to the Administrative Agent (which notice shall be irrevocable once given and, if by telephone, shall be promptly confirmed in writing), substantially in the form attached hereto as Exhibit B (Notice of Borrowing) or Exhibit C (Notice of Continuation/Conversion), as applicable, or in such other form acceptable to the Administrative Agent. Notice of the continuation of a Borrowing of Eurodollar Loans for an additional Interest Period or of the conversion of part or all of a Borrowing of Base Rate Loans into Eurodollar Loans must be given by no later than 10:00 a.m. (Chicago time) at least three (3) Business Days before the date of the requested continuation or conversion. All such notices concerning the advance, continuation or conversion of a Borrowing shall specify the date of the requested advance, continuation or conversion of a Borrowing (which shall be a Business Day), the amount of the requested Borrowing to be advanced, continued or converted, the type of Loans to comprise such new, continued or converted Borrowing and, if such Borrowing is to be comprised of Eurodollar Loans, the Interest Period applicable thereto. No Borrowing of Eurodollar Loans shall be advanced, continued, or created by conversion if any Default or Event of Default then exists. The Borrower agrees that the Administrative Agent may rely on any such telephonic, telecopy or other telecommunication notice given by any person the Administrative Agent in good faith believes is an Authorized Representative without the necessity of independent investigation, and in the event any such notice by telephone conflicts with any written confirmation such telephonic notice shall govern if the Administrative Agent has acted in reliance thereon.

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