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. 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 Borrower'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 Borrower) to Borrower within five (5) business days of receipt by the Escrow Agent of such written statement.
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. On or before the thirtieth (30th) day after City’s receipt of a complete disbursement request and all documents required pursuant to this Section, City shall make disbursement of the applicable amount of the Loan proceeds. City may, in its sole discretion, and in addition to exercising its rights and remedies provided in this Agreement, disburse directly to any person entitled to the proceeds of such disbursement, or may disburse to a third party servicer or otherwise coordinate disbursement with Developer.
Manner of Disbursement. In The Event That The Developer Fails to Complete The Improvements in Accordance With This Agreement, and Such Failure Continues for Thirty (30) Days After The City Gives Notice of Such Failure to The Developer at The Developer’s Address Set Forth Below, The City Shall Have The Right, but not The Obligation, to Complete or Cause to be Completed The Improvements at The Sole Expense of The Developer. The City May Withdraw and Apply Amounts on Deposit in The Deposit Account to Pay the Costs of Completing the Improvements.
Manner of Disbursement. The credit will be available to THE BORRO;/lZR. as from the date of signature he-rcof. £very request for funds, accompanied by the supporting documents required under Article 1.04 of this Contrn.ct, shall be made to THE COMMISSION not less than thirty days before the payment date stipulated by THE BORROWER and shall specify the account or accounts to which payment should be made. The minimum amount of each disbursement and the maximum number of disbursements are laid down in the "SPECIAL CONDITIONS".
Manner of Disbursement. Subject to satisfaction of all applicable disbursement conditions in Article IV below (unless Lender in its discretion otherwise approves), any funds in the Overrun Account (defined below), and all Loan funds, shall be disbursed through a Lender-approved builder's control service.
Manner of Disbursement. Proceeds of the Notes shall be disbursed on the Closing Date, at which time the Loans will be fully funded, or will be disbursed after the Closing Date by Lender from time to time in Lender's sole and absolute discretion.
Manner of Disbursement. The Lender may fund any Draw by wire transfer, or check payable to Borrower, or on a voucher basis, or by check payable jointly to Borrower and any contractor, subcontractor or other claimant, or by any other means reasonably selected by the Lender.
