Common use of Request for Disbursement Clause in Contracts

Request for Disbursement. If the Loan will be disbursed from an Escrow Account, or directly by Lender, Contractor will deliver to Lender or Xxxxxx’s escrow agent: (i) a Request for Disbursement, properly completed, and signed by me and the Contractor; (ii) the invoices for the Work; (iii) unconditional lien waivers from Contractor and from Suppliers for all Work covered by the Request for Disbursement; and (iv) all other required information described in the Request for Disbursement. Xxxxxx may rely on my statements and Contractor’s statements in the Request for Disbursement and on the invoices and lien waivers submitted by Contractor. Xxxxxx does not have to verify any of that information. The funds obtained with the Request for Disbursement will be used to pay for the Work described in the Request for Disbursement.

Appears in 7 contracts

Samples: Renovation Loan Agreement, Renovation Loan Agreement, Construction Loan Agreement

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Request for Disbursement. If the Loan will be disbursed from an Escrow Account, or directly by Lender, Contractor will deliver to Lender or XxxxxxLender’s escrow agent: (i) a Request for Disbursement, properly completed, and signed by me and the Contractor; (ii) the invoices for the Work; (iii) unconditional lien waivers from Contractor and from Suppliers for all Work covered by the Request for Disbursement; and (iv) all other required information described in the Request for Disbursement. Xxxxxx Lender may rely on my statements and Contractor’s statements in the Request for Disbursement and on the invoices and lien waivers submitted by Contractor. Xxxxxx Lender does not have to verify any of that information. The funds obtained with the Request for Disbursement will be used to pay for the Work described in the Request for Disbursement.

Appears in 6 contracts

Samples: Renovation Loan Agreement, Renovation Loan Agreement, Renovation Loan Agreement

Request for Disbursement. If the Loan will be disbursed from an Escrow Account, or directly by Lender, Contractor will deliver to Lender or XxxxxxLender’s escrow agent: agent (i) a Request for Disbursement, properly completed, and signed by me and the Contractor; (ii) the invoices for the Work; (iii) unconditional lien waivers from Contractor and from Suppliers for all Work covered by the Request for Disbursement; Disbursement and (iv) all other required information described in the Request for Disbursement. Xxxxxx Lender may rely on my statements and Contractor’s statements in the Request for Disbursement and on the invoices and lien waivers submitted by Contractor. Xxxxxx Lender does not have to verify any of that information. The funds obtained with the Request for Disbursement will be used to pay for the Work described in the Request for Disbursement.

Appears in 5 contracts

Samples: Renovation Loan Agreement, Construction Loan Agreement, Renovation Loan Agreement

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Request for Disbursement. If the Loan will be disbursed from an Escrow Account, or directly by LenderXxxxxx, Contractor will deliver to Lender or Xxxxxx’s escrow agent: agent (i) a Request for Disbursement, properly completed, and signed by me and the Contractor; (ii) the invoices for the Work; (iii) unconditional lien waivers from Contractor and from Suppliers for all Work covered by the Request for Disbursement; Disbursement and (iv) all other required information described in the Request for Disbursement. Xxxxxx may rely on my statements and Contractor’s statements in the Request for Disbursement and on the invoices and lien waivers submitted by Contractor. Xxxxxx does not have to verify any of that information. The funds obtained with the Request for Disbursement will be used to pay for the Work described in the Request for Disbursement.

Appears in 1 contract

Samples: Renovation Loan Agreement

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