Advance disbursement definition
Examples of Advance disbursement in a sentence
Each notice shall specify (i) the proposed Revolver Advance disbursement date or the conversion or continuation date (which shall be a Business Day), as applicable, (ii) the principal amount of the applicable Revolver Advance or the principal amount of the Loan to be converted to or continued as a LIBOR Loan, as applicable, and (iii) the requested Interest Period.
For each Advance, Borrower shall pay to Lender a one-time Advance disbursement fee in the amount of two percent (2%) of the Advance amount.
After giving effect to the making of such Advance, disbursement of such Overfunded Amount or issuance of such Letter of Credit, there shall exist no Default or Event of Default.
Advance disbursement to the college for approved coursework may be obtained by special written request to the Superintendent.
In the event the Debt Service Coverage Test has been or is deemed to have been satisfied, Borrowers may request up to two Advances in accordance with the Advance disbursement procedures set forth in Section 3.3 in the period commencing on such Debt Service Coverage/Property Release Test Date and ending on the day preceding the subsequent Debt Service Coverage/Property Release Test Date.
Each notice shall specify (i) the proposed Loan Advance disbursement date or the conversion or continuation date (which shall be a Business Day), as applicable, (ii) the principal amount of the applicable Loan Advance or the principal amount of the Loan to be converted to or continued as a LIBOR Loan, as applicable, and (iii) the requested Interest Period.