TI Draw Requests Sample Clauses

TI Draw Requests a. The TI Construction Contract requires that the General Contractor deliver TI Draw Requests to the Escrow Agent simultaneously with delivery of such TI Draw Requests to Landlord, Tenant, and Tenant’s Architect. A TI Draw Request under the TI Construction Contract shall be subject to the review and approval of the Landlord and the Tenant Architect as provided in the TI Construction Contract; provided, however, that each of the Landlord and the Tenant Architect shall have five (5) Business Days after its Receipt of any TI Draw Request (the “Approval Period”) to review the TI Draw Request and provide written notice to the other party, the Neutral, and to the Escrow Agent of a dispute with respect to any TI Draw Request (any such notice, a “Dispute Notice”). If a Dispute Notice expressly states or identifies a portion of a TI Draw Request as not being in dispute, such portion is herein referred to as the “Non-Disputed TI Draw Request.” A TI Draw Request that is not subject to a Dispute Notice and has been approved in writing by both Landlord and the Tenant Architect is herein referred to as a “Jointly Approved TI Draw Request.” In all events where either of the Landlord or the Tenant Architect shall deliver a Dispute Notice, the Escrow Agent shall not make any disbursements from the Escrow Account or draw upon the Standby Letter of Credit until receipt of written confirmation from the Neutral that a decision has been made with regard to such dispute (excluding however any Approved TI Draw Request which may be disbursed) and compliance with the notice requirements of Section 9. The Neutral shall be obligated under the terms of the TI Construction Contract to render a binding decision within five (5) Business Days of its receipt of a timely delivered Dispute Notice.
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Related to TI Draw Requests

  • Draw Request A Draw Request complying with the provisions of Section 3.1 hereof.

  • Advance Requests Borrower may request that Lender make an Advance by delivering to Lender an Advance Request therefor and Lender shall be entitled to rely on all the information provided by Borrower to Lender on or with the Advance Request. The Lender may honor Advance Requests, instructions or repayments given by the Borrower (if an individual) or by any Authorized Person.

  • Disbursement Requests Except as expressly provided in the Credit Agreement, Administrative Agent must receive Disbursement Requests in writing. Disbursement Requests will only be accepted from the applicable Authorized Representatives designated in the Disbursement Instruction Agreement. Disbursement Requests will be processed subject to satisfactory completion of Administrative Agent’s customer verification procedures. Administrative Agent is only responsible for making a good faith effort to execute each Disbursement Request and may use agents of its choice to execute Disbursement Requests. Funds disbursed pursuant to a Disbursement Request may be transmitted directly to the Receiving Bank, or indirectly to the Receiving Bank through another bank, government agency, or other third party that Administrative Agent considers to be reasonable. Administrative Agent will, in its sole discretion, determine the funds transfer system and the means by which each Disbursement will be made. Administrative Agent may delay or refuse to accept a Disbursement Request if the Disbursement would: (i) violate the terms of this Agreement; (ii) require use of a bank unacceptable to Administrative Agent or Lenders or prohibited by government authority; (iii) cause Administrative Agent or Lenders to violate any Federal Reserve or other regulatory risk control program or guideline; or (iv) otherwise cause Administrative Agent or Lenders to violate any applicable law or regulation.

  • Advance Request To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request (at least one (1) Business Day before the Closing Date and at least five (5) Business Days before each Advance Date other than the Closing Date) to Agent. The Lenders shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan Advance is satisfied as of the requested Advance Date.

  • Determinations to Honor Drawing Requests In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit.

  • Determination to Honor Drawing Request In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, the LC Bank shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit and that any other drawing condition appearing on the face of such Letter of Credit has been satisfied in the manner so set forth.

  • Borrowing Requests Whenever the Borrower desires to make a ------------------ Borrowing hereunder, it shall give Advance Notice in the form of a Borrowing Request, specifying, subject to the provisions hereof, (i) the aggregate principal amount of the Loans to be made pursuant to such Borrowing, (ii) the date of Borrowing (which shall be a Business Day), (iii) whether the Loans being made pursuant to such Borrowing are to be ABR Loans or Eurodollar Loans, and (iv) in the case of Eurodollar Loans, the Interest Period to be applicable thereto.

  • Request for Advance Subject to the following conditions, the Borrower may request an Advance to be made by ensuring that the Lender receives a completed Drawdown Notice not later than 11.00 a.m. (London time) 3 Business Day prior to the intended Drawdown Date.

  • Content of Borrowing Requests Each telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

  • Letter of Credit Requests; Minimum Stated Amount (a) Whenever the Borrower desires that a Letter of Credit be issued for its account, the Borrower shall give the Administrative Agent and the respective Issuing Lender at least five Business Days’ (or such shorter period as is acceptable to such Issuing Lender) written notice thereof (including by way of facsimile). Each notice shall be in the form of Exhibit C, appropriately completed (each, a “Letter of Credit Request”).

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