Payment Requisition Documentation and Format Sample Clauses
Payment Requisition Documentation and Format. Loan disbursements shall be for the acquisition of equipment, automation tooling, molds, manufacturing cells and fixtures and shall not exceed $400,000.00. The Loan shall be disbursed to the Borrower only after the Lender has received from the Borrower an invoice or invoices for the purchase of equipment, automation tooling, molds, manufacturing cells and fixtures costs. Upon receipt of such invoice or invoices, the Lender will disburse an amount equal to thirteen percent (13.0%) of amount of the invoice or invoices, up to a total disbursement amount of $400,000.00.
Payment Requisition Documentation and Format. Loan disbursements shall be for the purchase of machinery, equipment, and tenant improvement costs and shall not exceed $250,000. The Loan shall be disbursed to the Borrower only after the City has received from the Borrower documentation of the expenditures for the aforementioned uses. Upon receipt of such documentation, the City will disburse an amount equal to the amount of the expenditure, up to a total disbursement amount of $250,000.
Payment Requisition Documentation and Format. Loan disbursements shall be for purchas and installation of equipment and shall not exceed $ . Borrower an invoice or invoices for actual equipment purchase and/or installation costs. Upon receipt of such invoice or invoices, the Lender will disburse an amount equal to 100 percent ( 100%) of amount of the invoice or invoices, up to a total disbursement amount of $ . $750,000.
Payment Requisition Documentation and Format. Loan disbursements shall be for tenant improvement costs. The disbursements shall not exceed $103,000. The Loan shall be disbursed to the Borrower only after the EDA has received from the Borrower documentation of the expenditures for the aforementioned uses. Upon receipt of such documentation, the City will disburse an amount equal to the amount of the expenditures, up to a total disbursement amount of $103,000.
Payment Requisition Documentation and Format. Loan disbursements shall be for construction costs in the amount of $500,000.00 from SCDP funds. The loan funds for construction may be disbursed to the Developer only after the City has received from the Developer invoices for construction costs and only on a cost-sharing ration of 16.34% loan funds to 83.66% other funds.
Payment Requisition Documentation and Format. Loan disbursements shall be for the construction of the addition to the existing building and in the amount of $150,000. The loan funds may be disbursed to the Developer only after the City has received from the Developer invoices for construction costs and only on a cost-sharing ratio of 30% loan funds to 70% other funds.
Payment Requisition Documentation and Format. Loan disbursements shall be for the purchase of the Equipment and shall not exceed $1,000,000. The Loan shall be disbursed to the Borrower only after the Authority has received from the Borrower an invoice or invoices for equipment costs for twice the loan amount. Upon receipt of such invoice or invoices, the Authority will disburse an amount equal to the amount of the invoice or invoices, up to a total disbursement amount of $1,000,000. Upon receipt of such invoice or invoices, the Authority will disburse an amount equal to five percent (5%) of the amount of the total project costs as demonstrated by the company’s fixed assets listing and a notarized affidavit signed by an officer, up to a total disbursement amount of $1,000,000 or the Borrower can request disbursement once all of the equity described in Section 2.2 hereof has been expended. Proof of total project expenditures shall consist of a notarized spreadsheet documenting expenditures which has been reviewed and signed off on by a Shutterfly, Inc. executive that has signing authority. The first disbursement must occur no later than August 1, 2016. The Loan must be fully disbursed by August 1, 2016. The borrower shall maintain invoices for the equipment purchased with the loan funds for the term of the agreement.