Method for Advances. Advances in a sum not in excess at any time of the Borrowing Availability shall be made by Lender to the Central Account for the payment or reimbursement of Permitted Expenses at the written request within ten (10) Business Days following Lender’s receipt of a completed Draw Request from Borrower (which may be delivered by telecopy or facsimile) by the Person or Persons designated from time to time on Lender’s form of Authorization Form; provided, however, that Lender shall have acknowledged receipt of any changes in the Person or Persons designated by Borrower, and such Person or Persons shall have executed a new Authorization Form. Such Person or Persons are hereby authorized by Borrower to request Advances and to direct the transfer of the proceeds of Advances to the Central Account until written notice of the revocation of such authority is received from Borrower by Lender and Borrower has had a reasonable time to act upon such notice. Lender shall have no duty to monitor for Borrower or any other Person or to report to Borrower or such other Person the use of proceeds of Advances.
Method for Advances. Subject to the terms and conditions set forth in the Loan Documents and further subject to the Available Commitment, Advances (other than Swing Line Advances which shall be governed by Section 2.22) shall be made by Administrative Agent on the account of Lenders at the request of the Person or Persons designated by Borrower from time to time on Administrative Agent’s form of signature authorization in accordance with Section 2.2; provided, however, that Administrative Agent shall have acknowledged receipt of any changes in the Person or Persons designated by Borrower, and such Person or Persons designated by Borrower will have executed a new signature authorization form. Subject to Section 2.1 and the other terms and conditions of this Agreement (including those hereinafter set forth), such Person or Persons are hereby authorized by Borrower to request Advances (subject to the limitations in this Agreement) not more frequently than one (1) time per day, and to direct the disposition of the proceeds of Advances until written notice of the revocation of such authority is received from Borrower by Administrative Agent and Administrative Agent has had a reasonable time to act upon such notice. Administrative Agent has no duty to monitor for Borrower, or to report to any such Person, the use of proceeds of Advances.
Method for Advances. Subject to the limitations set forth in Section 4.6 below, Advances in a sum not in excess at any time of the Borrowing Availability shall be made by Lender to the Funding Disbursement Account for the payment or reimbursement of Permitted Expenses at the written request within three (3) Business Days following Lender’s receipt of a completed Draw Request from Borrower (which may be delivered by telecopy or facsimile) by the Person or Persons designated from time to time on Lender’s form of Authorization Form; provided, however, that Lender shall have acknowledged receipt of any changes in the Person or Persons designated by Borrower, and such Person or Persons shall have executed a new Authorization Form. Such Person or Persons are hereby authorized by Borrower to request Advances and to direct the transfer of the proceeds of Advances to the Funding Disbursement Account until written notice of the revocation of such authority is received from Borrower by Lender and Lender has had a reasonable time to act upon such notice. Lender shall have no duty to monitor for Borrower or any other Person or to report to Borrower or such other Person the use of proceeds of Advances.
Method for Advances. Advances shall be made by Administrative Agent (upon receipt of such funds from the Banks) in minimum amounts of $500,000.00 no more frequently than daily on the same Business Day that notice is received, if received by 9:00 a.m., Arizona time, or on the next Business Day if notice is received after 9:00 a.m. on a Business Day, at the written request of a Person or Persons listed on a signature authorization form executed by Borrower and delivered to Administrative Agent from time to time, and approved by Administrative Agent. Such Person or Persons are hereby authorized by Borrower to direct the disposition of the proceeds of Advances until written notice of the revocation of such authority is received from Borrower by Administrative Agent and Administrative Agent has had a reasonable time to act upon such notice. Administrative Agent shall have no duty to monitor for Borrower or to report to Borrower the use of proceeds of Advances.
Method for Advances. 25 2.5.2 Use of Advances...................................................................... 25 2.5.3 Determination of Amount of Advances.................................................. 25 2.5.4 Unit Term Period..................................................................... 26 2.5.5 Limitation on Number of Units........................................................ 28 2.5.6 Classification and Reclassification of Units......................................... 29 2.5.7 Release of Units at Request of Borrower.............................................. 29 2.5.8 Extraordinary Events Affecting Units or Lots......................................... 31 2.6 Fees............................................................................................... 31 2.6.1 [RESERVED]........................................................................... 31 2.6.2 Intract Development Commitment Fee................................................... 32 2.6.3 Unit Commitment Fee.................................................................. 32 2.6.4 Additional Commitment Fee............................................................ 32 2.6.5 Attorneys' Costs, Expenses, and Fees................................................. 32 2.6.6 Appraisal Fees, Title Insurance Premium, and Other Costs, Expense and Fees........................................................ 32 2.6.7 Advances of Fees and Expenses........................................................ 32 2.7
Method for Advances. Advances may be made by Bank at the written request by the Person or Persons designated by Borrower from time to time on Bank's form of signature authorization; provided, however, that Bank shall have acknowledged receipt of any changes in the Person or Persons designated by Borrower, and such Person or Persons shall have executed a new signature authorization form. Such Person or Persons are hereby authorized by Borrower to request Advances not more frequently than two (2) times per month, in any case upon not less than four (4) Business Days prior written notice to Bank, in amounts of not less than Fifty Thousand Dollars ($50,000.00) per request, and to direct the disposition of the proceeds of Advances until written notice of the revocation of such authority is received from Borrower by Bank and Bank has had a reasonable time to act upon such notice. Bank shall have no duty to monitor for Borrower or to report to Borrower the use of proceeds of Advances. Any request for Advances may cover all or any Eligible Collateral for a Project Loan for which a Commitment is then outstanding.
Method for Advances. Advances shall be made by Banks to Administrative Agent at the written request (which may be delivered by telecopy or facsimile) by the Person or Persons designated from time to time on Administrative Agent’s form of signature authorization; provided, however, that Administrative Agent shall have acknowledged receipt of any changes in the Person or Persons designated by Borrower, and such Person or Persons shall have executed a new signature authorization form. Such Person or Persons are hereby authorized by Borrower to request Advances of the proceeds of the Loan until written notice of the revocation of such authority is received from Borrower by Administrative Agent and Administrative Agent has had a reasonable time to act upon such notice. In order to further secure the Loan, all Advances shall be deposited into the following account at Administrative Agent’s office in Irvine, California, Account No. 0000000000. Administrative Agent shall not have any duty to monitor Borrower or any other Person, or to report to Borrower or such other Person, the Borrower’s use of the proceeds of any Advance.
Method for Advances. Subject to the terms and conditions set forth in the Loan Documents and further subject to the Available Commitment, Advances shall be made by Administrative Agent on the account of Lenders at the request of the Person or Persons designated by Borrower from time to time on Administrative Agent’s form of signature authorization in accordance with Section 2.2; provided, however, that Administrative Agent shall have acknowledged receipt of any changes in the Person or Persons designated by Borrower, and such Person or Persons designated by Borrower will have executed a new signature authorization form. Subject to Section 2.1 and the other terms and conditions of this Agreement (including those hereinafter set forth), such Person or Persons are hereby authorized by Borrower to request Advances (subject to the limitations in this Agreement) not more frequently than one (1) time per day, and to direct the disposition of the proceeds of Advances until written notice of the revocation of such authority is received from Borrower by Administrative Agent and Administrative Agent has had a reasonable time to act upon such notice. Administrative Agent has no duty to monitor for Borrower, or to report to any such Person, the use of proceeds of Advances.
Method for Advances. 36 2.5 Fees................................................................ 40 2.5.1 Initial Commitment Fee..................................... 40 2.5.5 Other Fees................................................. 41
Method for Advances. Advances in a sum not in excess at any time of the Borrowing Availability shall be made by Lender to the Central Account for the payment or reimbursement of Permitted Expenses at the written request within five (5) Business Hours following Lender's receipt of a completed Draw Request from Borrower
