Manner of Disbursement. Lender shall make Disbursements to Borrower directly into Borrower’s Operating Account; provided, that if an Event of a Default exists and Lender elects to make a Disbursement to Borrower in its sole discretion, Lender may, at its option, make said Disbursement to Borrower through a title insurance company, or directly or by joint payee check to contractors, material suppliers, laborers and other persons entitled thereto.
Manner of Disbursement. Borrower hereby irrevocably authorizes Lender to disburse the proceeds of each Revolving Credit Loan requested, or deemed to be requested, as follows: (i) the proceeds of each Revolving Credit Loan requested under Section 2.2(d) shall be disbursed by Lender by wire transfer to such bank account as may be agreed upon by Borrower and Lender from time to time or elsewhere if pursuant to written direction from Borrower with consent of Lender; and (ii) the proceeds of each Revolving Credit Loan deemed to be requested under Section 2.2(d) shall be disbursed by Lender by way of direct payment of the relevant interest or other Obligation.
Manner of Disbursement. 15.5.1 Any amount to be disbursed by a Lender pursuant to a Borrowing under the Credit shall be made available to the Agent by such Lender at the Agent's Branch of Account, by 2:00 p.m. on the date the Borrowing is to be effected.
Manner of Disbursement. The said Escrow Deposit shall be held in escrow by the Escrow Agent as assurance for performance of Guarantor's Obligations and shall be disbursed by the Escrow Agent as follows: following Bank's delivery of the written statement contemplated by Section 5.01 above, the Escrow Agent shall pay the Escrow Deposit (or such lesser amount as may be requested by Bank) to Bank within five (5) business days of receipt by the Escrow Agent of such written statement.
Manner of Disbursement. 21 4.6 Direct Disbursement of Construction Loan Proceeds 22 4.7 Availability for Special Facility ...............23 4.8 Ability to Reborrow Loan Proceeds ...............24 4.9 Draws Under the Letter of Credit ................24 Article 5
Manner of Disbursement. 49 15.6 NON-CONTRIBUTION OF A LENDER..............................49 15.7
Manner of Disbursement. Agency may make any disbursement (i) by check payable to Developer; (ii) on a voucher basis; (iii) by check payable jointly to Developer and any contractor, subcontractor other claimant; or (iv) by any other means reasonably selected by the Executive Director.
Manner of Disbursement. Any disbursement of the Escrow Property shall consist of Cash Escrow Property and Share Escrow Property in such relative proportion as the total amounts of Cash Escrow Property and Share Escrow Property then held in escrow bear to each other, with Escrow Shares being valued at their Fair Market Value as of the date of such disbursement. In any disbursement of Escrow Property to Stockholders, the Escrow Agent shall disburse Share Escrow Property to those Stockholders indicated on Schedule A as Accredited Investors (“Accredited Stockholders”) pro rata in accordance with their respective percentage interests in the Share Escrow Property as set forth on Schedule A, and Cash Escrow Property to those Stockholders indicated on Schedule A as Non-Accredited Investors (“Unaccredited Stockholders”), pro rata in accordance with their respective percentage interests in the Cash Escrow Property as set forth on Schedule A.
Manner of Disbursement. Any distribution of all or a potion of the Escrowed Stock by the Escrow Agent shall be made by the delivery by the Escrow Agent of one or more certificates issued in the name of Ascend. MCF agrees to use its commercially reasonable efforts to cooperate with the Escrow Agent in the preparation of any stock certificates for delivery to Ascend pursuant to the terms of this Agreement.
Manner of Disbursement. City and Developer agree to meet at least once a month for an on-site construction draw meeting to evaluate the progress and status of the Project construction. Developer shall organize and schedule such meetings, at such times as are mutually satisfactory. At least five (5) days prior to the construction draw meeting, the Developer shall provide City an itemized statement segregating the City funded costs (consistent with Section 1.01) and showing the percentage of construction work completed since the last construction draw meeting on a form acceptable to City which shall be used as a basis for reviewing disbursement requests. The City shall have ten (10) business days from the date City staff receives a complete request for disbursement of funds to request information or corrections. Copies of all requests for disbursement of funds submitted by Developer to any lender must be provided to City and no request shall be considered complete until it includes all of the following:
