Common use of Initial Loan Disbursement Authorization Clause in Contracts

Initial Loan Disbursement Authorization. If Borrower requires an Initial Loan Disbursement, select the applicable Initial Loan Disbursement method (i.e. wire transfer directly to a title/escrow company or deposit into the Deposit Account. Insert the applicable information requested in this section. If Applicable for Wire Transfer: · Borrower authorizes Administrative Agent to rely on disbursement instructions provided directly from the title/escrow company in connection with the wiring of the Initial Loan Disbursement; · Borrower must contact title/escrow company and request that specific wiring instructions be provided directly to Administrative Agent; and · A copy of written wiring instructions received from title/escrow company will be attached to original Transfer Authorizer Designation Form.

Initial Loan Disbursement Authorization. If Borrower requires an Initial Loan Disbursement, select the applicable Initial Loan Disbursement method (i.e. wire transfer directly to a title/escrow company or deposit into the Deposit Account. Insert the applicable information requested in this section. If Applicable for Wire Transfer: · • Borrower authorizes Administrative Agent to rely on disbursement instructions provided directly from the title/escrow company in connection with the wiring of the Initial Loan Disbursement; · • Borrower must contact title/escrow company and request that specific wiring instructions be provided directly to Administrative Agent; and · • A copy of written wiring instructions received from title/escrow company will be attached to original Transfer Authorizer Designation Form.