UNDISBURSED FUNDS. Any portion of a Loan that is not disbursed by its Loan Approval Expiry Date may be cancelled at FCC’s option.
UNDISBURSED FUNDS. If, at the end of a fiscal year, the PHA retains any undisbursed funding under this agreement that was not committed or obligated for an eligible expense, that remaining funding will: (choose one)
UNDISBURSED FUNDS. The sum of the undisbursed Construction Loan proceeds and the undisbursed Gap Financing Loan proceeds, and the unfunded equity contributions by the Borrower’s equity owners or investors, must be sufficient to complete the construction of the Project.
UNDISBURSED FUNDS. There shall be at all times undisbursed loan funds (collectively held by OCD and the Construction Lender), which, when combined with equity amounts to be funded by the Investor Limited Partners/Members, are sufficient to complete the construction of the Project.
UNDISBURSED FUNDS. Undisbursed funds and other Seller costs shall be directed by Seller as set forth on Schedule 6.12(e). No funds shall be paid to Messrs. Cutter and Xxxxxxx until statutory waiting periods necessary to effect the release of employment claims have expired. Seller shall reimburse Buyer for any employer related taxes as a result of such disbursements.
