Disbursements of Proceeds. The proceeds of the Mortgage Loan have been fully disbursed, and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and recording the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage;
Disbursements of Proceeds. The proceeds of the Mortgage Loan have been fully disbursed, and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds rtgage;
Disbursements of Proceeds. Any Loan disbursement made under this Agreement shall be conclusively presumed to have been made to and for the benefit of Borrower whenever the proceeds of such disbursement are either (a) disbursed in accordance with the terms of this Agreement, (b) disbursed in accordance with instructions from Borrower or any of Borrower's authorized employees or agents, or (c) deposited into any demand, savings, or other account maintained by Borrower with Lender.
Disbursements of Proceeds. The proceeds of the Mortgage Loan have been fully disbursed to or for the account of the Mortgagor, and there is no requirement for the Mortgagee to make future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and recording the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due to the mortgagee under the Mortgage Note or Mortgage;
Disbursements of Proceeds. Proceeds of the Loan shall be disbursed from the Project Fund solely in the manner provided herein. The proceeds of the Loan shall be used solely to pay or to reimburse the Developer for Eligible Costs. The proceeds of the Loan may not be repaid and reborrowed. Amounts will be deposited by the Lender in the Project Fund at such times and in such amounts as are necessary to make disbursements that are permitted pursuant to this Article, and each such deposit will be considered an advance under the TIF Loan and the TIF Note. Amounts shall not be deposited in the Project Fund until required for disbursement pursuant to this Article.
Disbursements of Proceeds. Proceeds of any insurance policies of the Association shall be disbursed as follows:
Disbursements of Proceeds. Insurance proceeds applied to restoration will be disbursed on receipt of satisfactory plans and specifications, contracts and subcontracts, schedules, budgets, lien waivers and architects’ certificates, and otherwise in accordance with prudent commercial construction lending practices for construction loan advances, including, as applicable, the advance conditions under Part C of Schedule 2.1 with respect to disbursement of insurance proceeds.
Disbursements of Proceeds. At Closing, the Lender will wire in immediately available funds, a portion of the Purchase Price of the Bond to pay the costs of issuance of the Bond, as set forth in the Closing Memorandum prepared by the Financial Advisor. The full proceeds of the Bond will be disbursed at Closing. The remaining monies from the Purchase Price of the Bond after payment of costs of issuance will be deposited in a separate and distinct account established by the County and disbursed to pay or reimburse costs of the Project.
Disbursements of Proceeds
