Method of Disbursement. The payment by the Lender to the account specified in the Drawdown Notice shall constitute the making of the Loan (or the relevant part thereof) and the Borrower shall thereupon become indebted, as principal and direct obligor, to the Lender in an amount equal to the Loan (or the relevant part thereof).
Method of Disbursement. Upon satisfaction of the applicable conditions to disbursement set forth herein, the Disbursement Agent shall disburse funds from the applicable Account as specified in the applicable Disbursement Request.
Method of Disbursement. With respect to each Construction Project undertaken pursuant to this Master Agreement, the DOT shall disburse the Funding to the Municipality according to a method determined at the DOT’s sole discretion, and in accordance with any applicable state or federal laws, regulations, and requirements.
Method of Disbursement. Any distribution of all or a portion of the Escrow Fund to the Indemnifying Stockholders shall be made in accordance with the percentages set forth opposite such holders’ respective names on Attachment A hereto; provided, however, that the Escrow Agent shall withhold the distribution of the portion of the Escrow Fund otherwise payable to an Indemnifying Stockholder who has not, according to a written notice provided by the Buyer to the Escrow Agent, prior to such distribution, surrendered pursuant to the terms of the Merger Agreement his, her or its stock certificates formerly representing shares of stock of the Company or instrument formerly representing an option or warrant of the Company; and provided further that such Attachment A shall be appropriately revised by the Buyer in the event the Buyer or the Surviving Corporation deposits additional funds with the Escrow Agent pursuant to the final sentence of Section 1.6(a) of the Merger Agreement following the date of this Agreement. Any such withheld amounts shall be delivered to the Buyer promptly after the Termination Date, and shall be delivered by the Buyer to the Indemnifying Stockholders to whom such amounts would have otherwise been distributed promptly upon surrender of such certificates or instruments. Distributions to the Indemnifying Stockholders shall be made by mailing checks to such holders at their respective addresses shown on Attachment A (or such other address as may be provided in writing to the Escrow Agent by any such holder). Pursuant to Section 1.16 of the Merger Agreement, the Escrow Agent has the right to deduct and withhold taxes from any payments to be made hereunder if such withholding is required by law. Each of the Buyer and the Indemnification Representatives shall provide notice to the Escrow Agent (with a concurrent copy to the other parties) to the extent that it is aware of any such withholding obligations. To the extent that amounts are so withheld, such withheld amounts shall be treated as having been delivered to the Indemnifying Stockholder in respect of which such deduction and withholding was made.
Method of Disbursement. Loan proceeds will be disbursed to the Borrower through the agreed-upon method, which may include wire transfer, direct deposit, or another method specified in the Confirmation.
Method of Disbursement. To the extent identified and agreed upon in this Agreement, the Tribe shall provide compensation to the County for costs associated with the County’s implementation of the joint law enforcement program. Likewise, County shall only be responsible for those costs expressly set forth in this Agreement.
Method of Disbursement. All disbursements of money made in accordance with the provisions of this Article 6 will be made by cheque drawn upon a Canadian Schedule I chartered bank or by official cheque or wire transfer drawn upon the account of the Trustee made payable to or to the order of the persons entitled to disbursement and in the correct amount, and if not so directed, by wire transfer as may be directed in writing by the Special Warrantholders, the Company or the Agent (less all amounts required to be withheld by the Company by law, including without limitation, under the Income Tax Act (Canada), as directed by the Company).
Method of Disbursement. Any distribution of all or a portion of the Escrow Fund to the Company Indemnifying Stockholders shall be made in accordance with the percentages set forth opposite each Company Stockholder's name on Schedule 2.3(d) attached hereto. Distributions to the Company Indemnifying Stockholders shall be made by distributing shares of Common Stock of Parent to such holders at their respective addresses shown on Schedule 2.3(d) (or such other address as may be provided in writing to the Escrow Agent by any such holder). Upon termination of the Escrow Period, Parent and Stockholder Representative shall jointly notify Escrow Agent of the specific number of shares to be distributed to each Company Stockholder.
Method of Disbursement. Disbursement of any funds may be made by wire transfer or by checks of Escrow Holder from the Account. Escrow Holder shall be under no obligation to disburse any funds represented by check or by draft, and no check or draft shall be payment to Escrow Holder in compliance with any requirements of the party giving said check or draft, until it is advised by the bank which issued such check or draft that such check or draft has been honored, unless Escrow Holder specifically agrees in writing to accept liability for the sufficiency thereof.
Method of Disbursement. Subject to the provisions of this Agreement and the Loan Agreement, the Bank will direct the Trustee to disburse from the Project Fund into the Construction Trust Account and the Company will accept the amount of the Loan in installments as follows: The Initial Disbursement will be made upon the satisfaction of the applicable conditions set forth in Paragraph 10 hereof and all subsequent Disbursements shall be made not more frequently than monthly thereafter, upon the satisfaction of the applicable conditions set forth in Paragraph 11 hereof, in amounts which shall be equal to the aggregate of the Hard Costs and Soft Costs incurred by the Company through the end of the period covered by the relevant Request for Disbursement, less:
