Notice of Disbursement. Developer will provide written notice to Escrow Agent (“Notice”) from time to time as the need arises for the purpose of paying valid obligations incurred in connection with the construction of the Improvements. The Notice will specify and/or include: the amount to be disbursed from the Funds; a statement from Developer and/or the general contractor generally describing those particular Improvements that are being paid for with the Funds being disbursed, that said Improvements comport with the Site Improvements Plan as set forth in the DIA, and that the County Engineer has inspected said Improvements; details as to the party or parties and amounts that should be paid in connection with each disbursement; and such other matters and directions reasonably determined by the Escrow Agent. Disbursements from the Funds are subject to written approval from the designated representative (defined below) of the County. In no event shall the disbursement exceed the Cost of Construction during the Completion Period as set forth in the DIA. The County agrees to use its best efforts to timely consent to disbursements from the Funds and will work diligently to promptly deliver such written approval once a Notice is received. The County’s designated representative (“Designated Representative”) is the Summit County Engineer (“County Engineer”). The County maintains the right to designate a substitute Designated Representative by providing written notice of such substitution in accordance with the notice provisions of this Agreement.
Notice of Disbursement. As soon as a Disbursement is made, the Agent shall notify the Borrower of the date and amount of the Disbursement by sending to the Borrower a Notice of Disbursement as per the attached Form 4, each of which shall be conclusive and binding in the absence of manifest error..
Notice of Disbursement. The aggregate amount of Tranche A Loans requested in any Notice of Disbursement shall not, when added to the amount of Tranche A Loans outstanding as of the date of such Notice of Disbursement, exceed the Current Amount Insured for Principal; and
Notice of Disbursement. 4 Section 5.06. Notice of Completion of Disbursement................ 4 Article Number Heading Page
Notice of Disbursement. We hereby notify you that from _________ to ______________ (as per attachment) we have made disbursements totalling ___________________________. Very truly yours, -------------------------------- -13-
Notice of Disbursement. Upon each Disbursement made hereunder, the Lender shall notify the Borrower of the date and amount of such Disbursement by sending the Notice of Disbursement to the Borrower. Such notice shall, in the absence of manifest error, be conclusive evidence as to the date and amount of the Disbursement concerned.
Notice of Disbursement. Upon each Disbursement made under this Agreement, the Lender may notify the Borrower in writing of the date and amount of such Disbursement. Such notice shall, in the absence of manifest error, be conclusive evidence as to the date and amount of the Disbursement concerned.
Notice of Disbursement. The Borrower shall request Disbursements under the Senior Loan Agreements in compliance with this Section 11.04 and the terms of such Senior Loan Agreements by delivering a Notice of Disbursement with respect to such Disbursements, appropriately completed and signed by an Authorized Officer of the Borrower, to the Administrative Agent (with a copy to the Technical Agent), no later than five (5) Business Days prior to the Requested Disbursement Date. The Borrower shall request Disbursements no more frequently than once per calendar month.
