Loan Disbursement Procedures Sample Clauses

Loan Disbursement Procedures. (1) Loans shall be disbursed by the Bank upon request by Borrower from time to time on or after the Closing Date, in such amounts as is requested as provided in Section 4.8 below or as provided in Section 3.1 above, subject to the limitations on the Bank's obligations to make Loans as set forth in Section 2.1 hereof. Subject to the terms of this Agreement, Borrower may borrow, repay and reborrow Revolving Loans at any time prior to the Revolving Credit Termination Date. Each request for a Loan shall be delivered to the Bank in writing or by telex or facsimile transmission in the manner provided in Section 12.1 hereof, or as otherwise agreed by the Bank, not later than 1:00 p.m., Kansas City, Missouri time, on the date on which Borrower desires disbursement of the Loan, which date shall be a Business Day and shall be specified in the request (a "DISBURSEMENT DATE"). The Bank may rely and act upon any such request which is received from a person believed by the Bank in good faith to be authorized to make such request on behalf of Borrower. The Bank shall record in its records all Loans made by the Bank to Borrower pursuant to this Agreement and all payments made on the Loans.
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Loan Disbursement Procedures. (a) Loans shall be disbursed by the Agent upon request by any Borrower or Borrower Agent on behalf of any Borrower from time to time on or after the Closing Date, in such amounts as provided in Section 4.7 below or as provided in Section 3.1 above, subject to the limitations on the Lenders' obligations to make Loans as set forth in Section 2.1 above. Subject to the terms of this Agreement, the Borrowers may borrow, repay and re-borrow Revolving Loans at any time prior to the Revolving Credit Termination Date.
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Loan Disbursement Procedures. 6 4.3 Interest............................................. 7 4.4
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Loan Disbursement Procedures. 4.3 INTEREST............................................................................... 4.4
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Loan Disbursement Procedures. Section 3.1 – Backfill Loan proceeds shall be disbursed to Borrower as follows: forty percent (40%) upon evidence of eligible costs incurred; an additional thirty-five percent (35%) at fifty percent (50%) completion of construction or by February 1, 2011, whichever comes sooner, and twenty-five percent (25%) at completion of the entire Development as evidenced by a final Certificate of Occupancy or Notice of Completion issued by the local building authority.
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Loan Disbursement Procedures 
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Related to Loan Disbursement Procedures

  • Disbursement Procedures The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the Lenders with respect to any such LC Disbursement.

  • Disbursement of Loan Proceeds (a) The Trustee, as the agent of the Trust, shall disburse the amounts on deposit in the Project Loan Account to the Borrower upon receipt of a requisition executed by an Authorized Officer of the Borrower, and approved by the Trust, in a form meeting the requirements of Section 5.02(3) of the Bond Resolution.

  • Disbursement 7.1.1 Subject to the availability of sufficient moneys in and from the Funding Source based on Agency’s reasonable projections of moneys accruing to the Funding Source, Agency will disburse Grant Funds to Grantee for the allowable Project activities described in Exhibit A that are undertaken during the Performance Period.

  • Payment Procedures Upon receipt of a Right Certificate representing exercisable Rights, with the form of election to purchase and certification duly executed, accompanied by payment of the aggregate Purchase Price for the total number of one one-hundredths of a Preferred Share to be purchased and an amount equal to any applicable transfer tax required to be paid by the holder of such Right Certificate in accordance with Section 9, in cash or by certified or cashier's check or money order payable to the order of the Company, the Rights Agent shall thereupon promptly (i)(A) requisition from any transfer agent of the Preferred Shares (or make available, if the Rights Agent is the transfer agent) certificates for the number of Preferred Shares to be purchased and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the Company shall have elected to deposit the total number of Preferred Shares issuable upon exercise of the Rights hereunder with a depository agent, requisition from the depositary agent depositary receipts representing interests in such number of one one-hundredths of a Preferred Share as are to be purchased (in which case certificates for the Preferred Shares represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs the depositary agent to comply with all such requests, (ii) when appropriate, requisition from the Company the amount of cash to be paid in lieu of the issuance of fractional shares in accordance with Section 14 or otherwise in accordance with Section 11.1.3, (iii) promptly after receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the order of the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder and (iv) when appropriate, after receipt, promptly deliver such cash to or upon the order of the registered holder of such Right Certificate. In the event that the Company is obligated to issue other securities of the Company, pay cash and/or distribute other property pursuant to Section 11.1.3, the Company will make all arrangements necessary so that such other securities, cash and/or other property are available for distribution by the Rights Agent, if and when appropriate.

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