Loan Disbursement. Subject to the satisfaction of the terms and conditions herein contained, the Loan Proceeds shall be disbursed as follows:
Loan Disbursement. (a) The Loan shall be advanced in one (1) disbursement. Each Lender shall make available to Administrative Agent (or the funding bank or entity designated by Administrative Agent), the amount of such Lender's Pro Rata Share of such disbursement in immediately available funds not later than the times designated in Section 10.3(b). Unless Administrative Agent shall have been notified by any Lender not later than the close of business (San Francisco time) on the Business Day immediately preceding the Funding Date in respect of any disbursement that such Lender does not intend to make available to Administrative Agent such Lender's Pro Rata Share of such disbursement, Administrative Agent may assume that such Lender shall make such amount available to Administrative Agent. If any Lender does not notify Administrative Agent of its intention not to make available its Pro Rata Share of such disbursement as described above, but does not for any reason make available to Administrative Agent such Lender's Pro Rata Share of such disbursement, such Lender shall pay to Administrative Agent forthwith on demand such amount, together with interest thereon at the Federal Funds Rate. In any case where a Lender does not for any reason make available to Administrative Agent such Lender's Pro Rata Share of such disbursement, Administrative Agent, in its sole discretion, may, but shall not be obligated to, fund to Borrower such Lender's Pro Rata Share of such disbursement. If Administrative Agent funds to Borrower such Lender's Pro Rata Share of such disbursement and if such Lender subsequently pays to Administrative Agent such corresponding amount, such amount so paid shall constitute such Lender's Pro Rata Share of such disbursement. Nothing in this Section 10.3(a) shall alter the respective rights and obligations of the parties hereunder in respect of a Defaulting Lender or a Non-Pro Rata Advance.
Loan Disbursement. (i) The Loan shall be disbursed by the Lenders on the Effective Date, in accordance with the terms and conditions hereof, pro rata in proportion to their respective Pro Rata Shares.
Loan Disbursement. At closing, Lender shall advance the entirety of the proceeds of the Loan into the escrow established by Borrower in connection with Borrower’s acquisition of the Property.
Loan Disbursement. 2.1. Under this agreement (further referred to as the “Agreement”), the Lender shall grant the Borrower a loan amount described in Section 1.4.
Loan Disbursement. 3.1 A loan may be disbursed to the extent of the available balance of the loan commitment as determined using the following formula: ACB = TC – (LCO + LPR), where ACB means the Available Commitment Balance; TC means the Total Commitment as determined in Clause 1.1 hereof; LCO means the Loans Currently Outstanding; LPR means the Loans Previously Repaid. Repayment of a loan shall not serve to increase the available balance of the loan commitment.
Loan Disbursement. Subject to the satisfaction of the terms and conditions contained in this Section 4, the Initial Advance shall be disbursed at Closing. The Interest Reserve shall be disbursed in accordance with Section 2.20.
Loan Disbursement. Upon satisfaction of the conditions to disbursement set forth in Section 4.1 below and pursuant to the disbursement procedures set forth in Section 4.2 below, the County, through the approved Escrowholder, will cause the disbursement of the Loan as provided for in Section 4.2.
Loan Disbursement. The disbursement of all Loans will be made in accordance with the terms of this Agreement.
Loan Disbursement. Following the satisfaction of all of the conditions precedent set forth in Section 3, Xxxxxx shall fully disburse the Loan as set forth in Section 1.4 above to Borrower. The Loan shall be evidenced by the Note and secured by the Pledged Collateral and the other Loan Documents.
