REQUIREMENTS FOR EACH DISBURSEMENT Sample Clauses

REQUIREMENTS FOR EACH DISBURSEMENT. In addition to the requirements for initial disbursements hereunder, Lender will not be required to make any disbursements under the Loan unless and until it has received a Request for Advance relating to such disbursement and each of the following conditions have been satisfied for each disbursement:

REQUIREMENTS FOR EACH DISBURSEMENT. In addition to satisfaction of the conditions set forth in Article 4 of this Agreement (other than the condition set forth in Section 4.19), Lender will not be required to make any disbursement of Loan Proceeds unless and until the following conditions have been satisfied:

REQUIREMENTS FOR EACH DISBURSEMENT. Prior to each disbursement of funds hereunder, including the first disbursement, it is a requirement of this escrow that Escrowee be furnished: A. A General Contractor’s Sworn Statement, amended to and including date of disbursement, setting forth in detail the names, addresses, and telephone numbers of all contractors with whom it has contracted, type of labor and materials to be furnished, amounts of the contracts (including extras and credits), amounts previously paid to date, amounts of current request, accumulative retainages to date, and balances due; B. An Owner’s Sworn Statement amended to and including the date of disbursement, setting forth in detail the names, addresses, and telephone numbers of all contractors with whom it has contracted, type of labor and materials to be furnished, amounts of the contracts (including extras and credits), amounts previously paid to date, amounts of current request, accumulative retainages to date, and balances due; C. An executed Construction Disbursement Authorization for the requested disbursement; D. A report by Inspector or a Certificate of Completion as of the date of the Owner’s Sworn Statement and/or the General Contractor’s Sworn Statement, certifying that work has been completed and materials are in place and incorporated into the Improvements as indicated by the request(s) for payment of the Owner and General Contractor; E. Evidence that sufficient funds are available to cover the requested disbursements and to pay for the completion of the Improvement, including extras, change orders, and non-construction items for which waivers have not been deposited and for which funds have not previously been deposited; F. Sufficient funds to cover unpaid title, recording and escrow charges, and transfer taxes; G. Statements, Sworn Statements, supporting lien waivers (consisting of at least Final Waivers of Lien or Waivers of Lien to Date, as appropriate), dated as of the date of the Owner’s Sworn Statement and/or the General Contractor’s Sworn Statement, and releases of lien, if necessary, satisfactory to ATG; H. Escrowee may, at its option, verify information submitted by Owner and General Contractor or may require Owner and General Contractor to furnish to Escrowee verification by contractors, subcontractors, and material suppliers who have contracted with Owner and/or General Contractor.