Common use of Evidence for utilization of disbursement Clause in Contracts

Evidence for utilization of disbursement. Such Disbursement shall at the time of request therefore, be needed immediately by the Borrower for the purpose of purchase or construction or extension or improvement of the Property or any other asset as specified in the End Use of Funds letter, as the case may be, and the Borrower shall produce such evidence of the proposed utilization of the proceeds of the disbursement as is found satisfactory by the Lender.

Evidence for utilization of disbursement. Such Disbursement disbursement shall at the time of request therefore, therefore be needed immediately by the Borrower for the purpose Purpose of purchase or construction or extension or improvement Construction of the Property or any other asset as specified in the End Use of Funds letter, as the case may be, be and the Borrower shall produce such evidence of the proposed utilization of the proceeds of the disbursement as is found satisfactory by the LenderIHFL.

Evidence for utilization of disbursement. Such Disbursement shall disbursement shall, at the time of request thereforethereof, be needed immediately by the Borrower for the purpose of purchase or construction or extension or improvement of the Property or any other asset as specified in the End Use of Funds letterproperty, as the case may be, and the Borrower shall produce such evidence of the proposed utilization of the proceeds of the disbursement as is found satisfactory by the LenderAHFL.