CONSTRUCTION DISBURSEMENT AGREEMENTConstruction Disbursement Agreement • February 18th, 2021 • Montana
WHEREAS the parties desire to set forth in writing the terms, conditions and procedures for disbursement and payment of the proceeds for construction of the above-described improvements and related matters during the course of and completion of the construction project.
Construction disbursement AgreementConstruction Disbursement Agreement • January 11th, 2021 • Montana
WHEREAS the parties desire Escrow Holder to administer construction funds in the amount of $ for the purpose of constructing the improvements on the premises described as follows:
Construction Disbursement AgreementConstruction Disbursement Agreement • January 9th, 2019
This Construction Escrow Agreement (“Agreement”) is made this day of , 20 , by and amongst the undersigned parties for the disbursement of construction Loan Funds (“Loan Funds”) and Owner Funds, if any, for the construction of improvements (“Project”) on the property (“Property”) described in the above referenced title insurance commitment (“Title Commitment”). The Lender will from time to time deposit portions of the Loan Funds with Dakota Title (“Escrow Agent”). Owner or Lender may deliver to Escrow Agent additional available Funds which represent the Owner’s equity contribution to the improvements (“Owner Funds”), including the cost of additions to the Project or cost overruns. The Loan Funds and the Owner Funds, if any, shall be disbursed in accordance with the terms and conditions of this Agreement.
