Common use of Draw Procedures Clause in Contracts

Draw Procedures. The Loan Documents contain provisions relating to how and when the proceeds of the Loans are to be disbursed to or for the benefit of Borrower. Except as specifically and expressly modified by this Agreement, the requirements and conditions for disbursing funds under those Loan Documents are not superseded by this Agreement. The Lenders and Borrower agree, however, that the following unified draw procedures shall apply:

Appears in 6 contracts

Samples: Intercreditor Agreement, Housing Development Agency Intercreditor Agreement, Housing Development Agency Intercreditor Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.