Disbursements of Funds. 4.1. The SCMA shall disburse monies out of a fund holding account only in the following circumstances:
Disbursements of Funds. (a) No later than 2:00 p.m. (New York City time) on the date specified in each Notice of Borrowing (including Mandatory Borrowings), each Lender shall make available its pro rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Closing Date, such funds may be made available at such earlier time as may be agreed among the Lenders, Holdings and the Administrative Agent for the purpose of consummating the Transactions; provided, further that all Swingline Loans shall be made available to the Borrower in the full amount thereof by the Swingline Lender no later than 4:00 p.m. (New York City time).
Disbursements of Funds a) If applicable, the owner hereby authorizes High Country Property Management, LLC. to pay from the Owner's trust account maintained by High Country Property Management, LLC, all expenses connected with the management operation and maintenance of the property. Said costs include all owner-designated utilities, mortgage payments, mortgage, insurance, property taxes, XXX xxxx, and any costs incurred for repairs or improvements to the property subject to this agreement. Owner to ensure that adequate funds are maintained to cover such costs. If funds are not sufficient to cover expenses incurred, the Owner will remit needed funds within seven (7) days of notification by High Country Property Management, LLC.
Disbursements of Funds. No later than 9:00 a.m. (New York time) on the date specified in the Notice of Borrowing, each Lender will make available its Percentage of the Borrowing. All such amounts will be made available in Dollars and in immediately available funds at the Payment Office and the Administrative Agent will make available to the Borrowers (prior to 10 a.m. (New York time) on the date specified in the Notice of Borrowing to the extent of funds actually received by the Administrative Agent prior to 11:00 a.m. (New York time) on such day) at the Payment Office, in the accounts specified in the Notice of Borrowing, the aggregate of the amounts so made available by the Lenders. Unless the Administrative Agent shall have been notified by any Lender prior to the date of the Borrowing that such Lender does not intend to make available to the Administrative Agent such Lender's portion of the Borrowing, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on the date of the Borrowing and the Administrative Agent may in its sole discretion (but shall not, for the avoidance of doubt, be obligated to), in reliance upon such assumption, make available to the Borrowers a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and such amount is advanced to the Borrowers by the Administrative Agent, the Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent's demand therefor, the Administrative Agent shall promptly notify the Borrowers and the Borrowers shall immediately pay such corresponding amount to the Administrative Agent. The Administrative Agent also shall be entitled to recover on demand from such Lender or the Borrowers, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrowers until the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if recovered from such Lender, the overnight Federal Funds Rate for the first three days and at the interest rate otherwise applicable to such Loans for each day thereafter and (ii) if recovered from the Borrowers, the rate of interest applicable to the Borrowing, as determined pursuant to Section...
Disbursements of Funds. A. Developer must use all Loan funds, less the ten percent (10%) holdback payable after the last Certificate of Occupancy for the Project is issued, if applicable, before issuance of the last Certificate of Occupancy for the Project and if the Loan funds cannot be used within such timeframe, the Developer will notify the Town in writing within five (5) business days of any occurrence that makes it unlikely that Developer can meet the deadline for the expenditure of Loan funds.
Disbursements of Funds. The HWSETA will disburse the allocated funds in accordance with the Memorandum of Agreement to the employer.
Disbursements of Funds. 5.1 The Developer's Right to Draw Against the Funds. The Developer shall have the right to make periodic draws against the Funds to pay for work as it is partially completed (the "Draws"). The right to receive Draws shall be subject to the following:
Disbursements of Funds. A. The DEPARTMENT shall prescribe forms to be used for project approval, certification of completion and requesting disbursement of funds. These forms may request information to identify, locate, categorize, determine eligibility, assess benefits of projects, designate the intended source of funding, other anticipated state and federal financial assistance, the length of the loan, frequency of repayment, and the anticipated date of first payment by the BORROWER, the total cost of the project and other pertinent information related to the eligibility, location, benefits, or financing of the project. The LENDER shall provide the requested information to the best of its knowledge.
Disbursements of Funds. Agent shall disburse Funds at any time and from time to time, upon receipt of, and in accordance with, Depositor’s Written Direction. Such Written Direction shall contain wiring instructions or an address to which a check shall be sent. All disbursements of funds from the Funds shall be subject to the fees and claims of Agent and the Indemnified Parties (as defined below) pursuant to Section 9 and Section 10 below.
Disbursements of Funds. Before the closing date, each party shall deposit with the closing agent all funds required to be paid by such party to close the transac- tion. The closing agent is authorized, but not required, to consider the lender’s written commitment to deposit funds as the equivalent of a deposit of such funds, if all conditions of the commitment will be met on or before the closing date. All funds received by the closing agent shall be deposited in a trust account with any bank doing business in the State of Washington and may be transferred to any other such accounts. The closing agent shall not be required to disburse any funds deposited by check or draft until it has been advised by its bank that such check or draft has been honored. All disbursements shall be made by the closing agent’s check.
