Common use of Disbursement of Loan Proceeds Clause in Contracts

Disbursement of Loan Proceeds. Borrower hereby authorizes and directs Lender to disburse, for and on behalf of Borrower and for Borrower's account, the proceeds of Loans made by Lender to Borrower pursuant to this Agreement to such Person or Persons as Borrower shall direct, whether in writing or orally.

Disbursement of Loan Proceeds. The Borrower hereby authorizes and directs the Lender to disburse, for and on behalf of the Borrower and for the Borrower's account, the proceeds of Loans made by the Lender to the Borrower pursuant to this Agreement to such Person or Persons as the Borrower shall direct, whether in writing or orally.

Disbursement of Loan Proceeds. The Borrower hereby authorizes and directs the Lender to disburse, for and on behalf of the Borrower and for the Borrower's ’s account, the proceeds of the Loans made by the Lender to Borrower pursuant to this Agreement (i) to such Person or Persons as the Borrower shall direct, whether orally or in writing or orallyand (ii) to pay the Lender any interest, fees, costs and expenses payable pursuant to Section 9.1 hereof.

Disbursement of Loan Proceeds. Borrower hereby authorizes and directs Lender to disburse, for and on behalf of Borrower and for Borrower's account, the proceeds of the Loans made by Lender to Borrower pursuant to this Agreement to such Person or Persons as Borrower shall direct, whether in writing or orallyAgreement.

Disbursement of Loan Proceeds. The Borrower hereby authorizes ----------------------------- and directs the Lender to disburse, for and on behalf of the Borrower and for the Borrower's account, the proceeds of Loans Loan made by the Lender to the Borrower pursuant to this Agreement to such Person or Persons as the Borrower shall direct, whether in writing or orally.