Requisition Procedure. No disbursement from the Escrow Account shall be made unless and until Lessor has approved such requisition. Prior to disbursement from the Escrow Account there shall be filed with the Escrow Agent a requisition for such payment in the form of Disbursement Request attached hereto as Schedule 1, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due. All disbursements shall be made by wire transfer. The Escrow Agent is authorized to obtain and rely on confirmation of such Disbursement Request and payment instructions by telephone call-back to the person or persons designated for verifying such requests on Exhibit A-2 (such person verifying the request shall be different than the person initiating the request). The Lessor and Lessee hereby confirm that any call-back performed by Escrow Agent to verify a disbursement instruction pursuant to a Disbursement Request submitted pursuant to this Section 2(c) before release, shall be made to Lessor only and Escrow Agent shall have no obligation to call-back Lessee. Each such Disbursement Request shall be signed by an authorized representative of Lessee (an “Authorized Representative”) and by Lessor, and shall be subject to the following conditions, which Escrow Agent shall conclusively presume have been satisfied at such time as a requisition executed by Lessee and Lessor is delivered to it:
1. Delivery to Lessor of an executed Disbursement Request in the form attached hereto as Schedule 1; and
2. Delivery to Lessor of copies of invoices (and proofs of payment of such invoices, if Lessee seeks reimbursement) and bills of sale (if title to such Equipment has passed to Lessee) therefor as required by Section 3.04 of the Lease and any additional documentation reasonably requested by Lessor. Lessee and Lessor agree that their execution of the form attached hereto as Schedule 1 and delivery of the executed form to Escrow Agent confirms that all of the requirements and conditions with respect to disbursements set forth in this Section 2 have been satisfied.
Requisition Procedure. At the beginning of each school year, all teachers shall be provided with a copy of the procedure to be followed in requisitioning materials and supplies. (1977)
Requisition Procedure. No disbursement from the Acquisition Fund shall be made unless and until Lessor has approved such requisition. Prior to disbursement from the Acquisition Fund for the payment of Delivery Costs there shall be filed with the Acquisition Fund Custodian a requisition for such payment in the form of Disbursement Request attached hereto as Schedule 2, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due, and that: (i) an obligation in the stated amount has been incurred by Lessee, and the same is a proper charge against the Acquisition Fund for Delivery Costs identified in the Lease, and has not been paid and attached thereto is the original invoice with respect to such obligation, (ii) the Renewable Energy Equipment is insured in accordance with the Lease, (iii) no event of nonappropriation or Event of Default, and no event which with notice or lapse of time, or both, would become an event of nonappropriation or Event of Default, under the Lease has occurred and is continuing at the date thereof, (iv) the disbursement shall occur prior to , 2013, (v) no Material Adverse Change in Lessee’s financial condition shall have occurred since the date of the execution of the Lease and (vi) the representations, warranties and covenants of Lessee set forth in the Lease are true and correct as of the date thereof. Prior to disbursement from the Acquisition Fund for payment of Equipment Costs there shall be filed with the Acquisition Fund Custodian a requisition for such payment in the form of Disbursement Request attached hereto as Schedule 1, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due and certifying the date of Equipment Acceptance for the portion of Renewable Energy Equipment for which disbursement is requested. Each such requisition shall be signed by an authorized representative of Lessee (an “Authorized Representative”) and by Lessor, and shall be subject to the following:
1. Delivery to Lessor of an executed Disbursement Request in the form attached hereto as Schedule 1 certifying that:
(i) Equipment Acceptance has occurred as of the date identified therein with respect to the portion of Renewable Energy Equipment for which disbursement is requested; (ii) an obligation in the stated amount has been incurred by Lessee, and that the same is a proper charge against the Acquisition Fund for costs relating to the Renewable Energy Equipment identified...
Requisition Procedure. No disbursement from the Acquisition Fund shall be made unless and until Lessor has approved such requisition. Prior to disbursement from the Acquisition Fund there shall be filed with the Acquisition Fund Custodian a requisition for such payment in the form of Disbursement Request attached hereto as Schedule 1, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due. Each such requisition shall be signed by an authorized representative of Lessee (an “Authorized Representative”) and by Xxxxxx, and shall be subject to the following:
1. Delivery to Lessor of an executed Disbursement Request in the form attached hereto as Schedule 1 certifying that:
Requisition Procedure. Prior to disbursement from the Acquisition Fund there shall be filed with the Acquisition Fund Custodian a requisition for such payment in the form of an Acceptance Certificate and Disbursement Request attached hereto as Schedule 1 (an “Acceptance Certificate and Disbursement Request”), stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due. Each such Acceptance Certificate and Disbursement Request shall be signed by an authorized representative of Lessee (an “Authorized Representative”) and approved by Lessor, shall be executed and delivered by Lessee to Lessor no later than the fifth Business Day next preceding the end of the Acquisition Period and shall be subject to the following:
1. Delivery to Lessor of a completed Acceptance Certificate and Disbursement Request executed by an Authorized Representative of Lessee and in substantially the form of Schedule 1 attached hereto.
2. Delivery to Lessor of invoices (and proof of payment of such invoices if Lessee seeks reimbursement) and any additional documentation reasonably requested by Lessor;
3. Delivery to Lessor of the signed Vendor Tax Letter(s) relating to the cost of acquiring and installing the portion of Energy Conservation Equipment for which payment is being sought; and
4. The disbursement shall occur during the Acquisition Period.
Requisition Procedure. Not less than two (2) banking days prior to the date upon which an advance is to be made under the LOAN, the BORROWER shall execute and deliver a fully completed requisition, in form and substance acceptable to the LENDER, containing the specifics required therein relating to the requested advance.
Requisition Procedure. Prior to disbursement from the Project Fund there shall be filed with the Project Fund Depository a Requisition for such payment approved by the Seller. Each such Requisition shall be signed by the Authorized County Representative and approved by the Seller. If any such Requisition requires reimbursement for such item to the County where title is not in the Seller, such requisition shall so state and shall include any xxxx of sale necessary to convey title in and to such item to the Seller. In making any such disbursement from the Project Fund, the Project Fund Depository may rely on any such Requisition delivered to it pursuant to this Section and the Project Fund Depository shall be relieved of all liability with respect to making such disbursements in accordance with such requisitions without inspection of the Project or any other investigation.
Requisition Procedure. Not less than two (2) BUSINESS DAYS prior to the date upon which an advance is to be made under the EQUIPMENT LINE (other than an advance for purposes of acquisitions, investments in joint ventures or licensing agreements), the BORROWER shall execute and deliver a fully completed Requisition in the form attached hereto as Exhibit B, containing the specifics required therein relating to the requested advance. Prior to making any advance under the EQUIPMENT LINE for acquisitions investments in joint ventures or license agreements, the LENDER shall receive from the BORROWER such information as the LENDER may request in connection with such acquisition, investment in joint venture or licensing agreement. On the date the LENDER is to make an advance of proceeds under the EQUIPMENT LINE to the BORROWER, the BORROWER shall execute and deliver to the LENDER an EQUIPMENT NOTE in the principal amount equal to the sum of the term loan advanced. The principal .amount of each term loan advance made under the EQUIPMENT LINE for the acquisition of EQUIPMENT shall be repaid in even monthly principal installments over a term between three (3) and five (5) years to be determined by the BORROWER and LENDER based on the useful life of the EQUIPMENT purchased by such loan advance. The principal amount of each term loan advanced under the EQUIPMENT LINE for acquisitions, investments in joint ventures and license agreements shall be repaid pursuant to terms agreed to by and between the BORROWER and the LENDER when such advance is made. The LENDER is hereby authorized by the BORROWER to make any advances hereunder directly to the persons or entities supplying EQUIPMENT to the BORROWER that is the subject of any requested advance.
h. Section 3.4.2-c.(i). Section 3.4.2.c.(i) of the LOAN AGREEMENT is hereby amended by deleting the second and third sentences thereof in their entirety and substituting in lieu thereof the following:
Requisition Procedure. Prior to a direct advance by the Seller, there shall be filed with the Seller a Requisition approved by the Seller. Prior to disbursement from the Project Fund there shall be filed with the Project Fund Custodian a Requisition for such payment approved by the Seller. Each such Requisition shall be signed by the Authorized RESA Representative and approved by the Seller. If any such Requisition for materials, supplies or equipment requires reimbursement for such item to the RESA where title is not in the Seller, such requisition shall so state and shall include any xxxx of sale necessary to convey title in and to such item to the Seller. In making any such disbursement from the Project Fund the Project Fund Custodian may rely on any such Requisition delivered to it pursuant to this Section, and the Project Fund Custodian shall be relieved of all liability with respect to making such disbursements in accordance with such requisitions without inspection of the Project or any other investigation.
Requisition Procedure. No disbursement from the Escrow Account shall be made unless and until Lessor has approved such requisition. Prior to disbursement from the Escrow Account there shall be filed with the Escrow Agent a requisition for such payment in the form of Disbursement Request attached hereto as Schedule 1, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due. Each such requisition shall be signed by Xxxxx Xxxxxxx (including his successors or anyone whom he or his successors may appoint to sign) of Xxxxxx (an “Authorized Representative”) and by Xxxxx Xxxxxx or her designees of Lessor, and shall be subject to the following:
1. Delivery to Lessor of an executed Disbursement Request in the form attached hereto as Schedule 1 certifying that:
(i) (A) an obligation in the stated amount has been incurred by Xxxxxx, and that the same is a proper charge against the Escrow Account for costs relating to the Leased Property identified in the Lease, and has not been paid (or has been paid by Xxxxxx and Xxxxxx requests reimbursement thereof);
