Disbursement Requirements. Upon satisfaction of the conditions set forth in Section 6, Disbursements under the Credit, with respect to each Credit, may be made:
Disbursement Requirements. 11.3.2 A settlement corporation shall be subject to the disbursement rules, including the disbursement excess rules, applicable to “public foundations” under the federal Tax Act, with such modifications as are required, provided that such rules shall not apply to a settlement corporation or its disbursements until the first day of the taxation year of the corporation commencing after the end of a period of 15 years commencing on the day of payment of the first capital transfer payment described in chapter 8. For this purpose, any loans made by the settlement corporation pursuant to schedule I to this chapter shall be treated as disbursements, the relevant provisions of the federal Tax Act shall apply as if the permitted activities described in schedule I to this chapter were charitable activities and the persons to whom payments or loans are made by the settlement corporation in the course of carrying on these permitted activities shall be treated as qualified donees.
Disbursement Requirements. (1) Loan Portion A Upon compliance with the requirements set forth in Article 3, AKA will disburse Loan Portion A in one or more Advances within five (5) Banking Days but not earlier than at the disbursement dates stipulated in a completed and executed copy of a Drawdown Certificate after receipt of such Drawdown Certificate issued by the Exporter and confirmed by the Bank for deliveries evidenced in conformity with a Letter of Irrevocable Instructions for Disbursement of Payments (Lol) in form and substance as per Annex H hereto, if
Disbursement Requirements. Together with each Advance Request for a TI/LC Advance, Borrower shall furnish Lender and Note B-2 Lender with copies of bills and other documentation (including lien releases or lien releases conditioned only upon payment) reasonably required by Note B-2 Lender (and consistent with the documentation required to be delivered under the Xxxxxx & Xxxxxxx Lease) to establish that the related tenant improvement expenses and leasing commissions have actually been incurred in accordance with the Xxxxxx & Xxxxxxx Lease, that any work relating thereto has been completed and that such amounts that are then due and payable or have been paid. Note B-2 Lender shall approve or disapprove any Advance Request (and, if approved, make the related TI/LC Advance to Borrower or Borrower’s designee) within ten (10) Business Days after Note B-2 Lender’s receipt of such Advance Request.
Disbursement Requirements. Prior to any disbursement except the Initial Disbursement, Borrower shall provide to Xxxxxxx Mac the following items:
Disbursement Requirements. Upon satisfaction of the conditions set forth in Section 6, Disbursements under an Approved Credit may be made: (a) by drawings by an Exporter, Local Cost Provider, or Ancillary Services Provider under a Letter of Credit (“L/C Payments”) issued by or for the account of the Borrower; and/or (b) by advances from the Lender to the Borrower reimbursing the Borrower for the Financed Portion or Local Cost Financed Portion of payments to an Exporter, Local Cost Provider, or Ancillary Services Provider and/or Ex-Im Bank (“Reimbursements”); and/or (c) through direct payments to an Exporter or Ancillary Services Provider by the Lender on behalf of the Borrower for the Financed Portion (“Direct Disbursements”).
Disbursement Requirements. The Lender shall cause all Loan disbursements to be made by check or draft requiring the personal endorsement of the Borrower or by electronic funds transfer or master check. Except as expressly provided in the Act, the Lender will not accept authorization of anyone, even by power of attorney, to endorse a check or draft on behalf of the Borrower. The Lender shall cause the Loan to be disbursed jointly to the Borrower and the Educational Institution if so required by the terms of the Loan Program. Notwithstanding 34
Disbursement Requirements. In the event Borrower is entitled to reimbursement out of the Post-Closing Repair Escrow Fund, funds from Post-Closing Repair Escrow Fund shall be disbursed from time-to-time upon Servicing Agent being furnished with (1) evidence satisfactory to it of the estimated cost of completion of any Post-Closing Repairs remaining to be completed, (2) funds, or, at Lender's option, assurances satisfactory to Lender that those funds are available, sufficient in addition to the Post-Closing Repair Escrow Fund to complete the balance of the required Post-Closing Repairs, and (3) an Architect's Certificate, waivers of lien, contractor's sworn statements, title insurance endorsements, bonds, plats of survey and any other evidence of cost, payment and performance of the Post-Closing Repairs as Lender and/or the Servicing Agent may reasonably require and approve.
Disbursement Requirements. 4.1 Subject to the fulfilment of the conditions under Clause 3 above the Swedish Grant will be made available for disbursement to the Trustee as follows.
Disbursement Requirements. 9 Section 4.03 Specific Requirements for the First Disbursement. 10 Section 4.04 Supporting Documentation. 10
