Disbuxxxxxxts to Bishop Sample Clauses

Disbuxxxxxxts to Bishop a. The parties acknowledge that disbursements from xxx Xxcount to Bishop shall be made with respect to the On Site line items in Exhibxx X. Thus, Bishop will only be entitled to receive the amount set forth in Exhixxx X for a given On Site line item, subject to Subparagraph f. below, and any greater costs incurred for that On Site line item shall be Bishop's sole responsibility; b. Prior to any disbursements xxxxx xade to Bishop, Bishop or a development manager designated in writing by Bisxxx, xhaxx xxxmit a certificate and demand for payment ("Certificxxx") to Escrow Agent at the address set forth on the signature page of this Escrow Agreement. The Certificate shall set forth, by line item, the type of On Sites for which work has been done, the extent to which each has been completed, the amount of payment (based on Exhibit B) that is being demanded for each On Site line item, the total disbursement amount being requested and whether the Certificate is a final disbursement request; c. Bishop may request payment of the amount expended for any On Site xxxx xxxm, provided however, that if during the term of this Escrow Agreement the amount requested by Bishop for an On Site line item, together with all previously advancxx xxxunts for that On Site line item, exceeds the amount shown on Exhibit B for such On Site line item, Escrow Agent shall only disburse to Bishop the amount designated on Exhibit B for that On Site line item; d. After confirming that payments for any particular On Site line item have not exceeded the amount provided in Exhibit B, Escrow Agent shall promptly disburse the requested amount from the Account. Each disbursement shall be in the form of a lien waiver check from Escrow Agent and shall be made payable jointly to the contractor performing the work and Bishop; e. Bishop shall only submit disbursement Certificatxx xx Escrow Agenx xxxxx xach month, but shall be permitted to submit one final Certificate at any time to handle any previously unsubmitted On Site costs. Each Certificate shall contain all previously unsubmitted On Site costs which have been incurred by Bishop to date; and, f. If Bishop installs all of the On Sixxx (xather than Waffle) and funds axx xxxaining in the Account following Bishop's final Certificate amounts, Escrow Agent shall then disburse xxx xxxaining amounts to Bishop.
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