Advance disbursement definition

Advance disbursement means the disbursement of incentives prior to the activation date;
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Advance disbursement means the disbursement of incentives prior to the
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Advance disbursement means a disbursement from the Disbursement Account to the Issuer pursuant to and Advance Disbursement Request.
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Examples of Advance disbursement in a sentence

  • Advance disbursement to the college for approved coursework may be obtained by special written request to the Superintendent.

  • 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.

  • The Advance disbursement method will be used to operate effectively through the CUT.

  • Under the Advance disbursement modality, funds will be advanced to the Designated Account based on six-month cash forecast, and subsequently, quarterly IFRs will be used for the documentation of expenditures.

  • 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.

  • 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.

  • Disbursements under the Program will be made in three circumstances: (i) Advance disbursement against achievement of future disbursement linked results (DLRs), up to the limit specified by the development partner (ii) Disbursement against DLR achievement(iii) DP specific requirements specified in individual financing agreements.

  • Two of these were for Reimbursement under Retroactive financing and one under FMR based Advance disbursement.

  • The methods of withdrawal were as follows: ADB Advance Account Advance Account is Advance disbursement accounts of the Project to effect the payment of eligible expenditure, within defined limits, which do not require individual authorization from the ADB.

  • The project will use the Advance disbursement method whereby withdrawals from the loan account will be deposited in the Designated Account for payment of the WorldBank-financed eligible expenditures.


More Definitions of Advance disbursement

Advance disbursement means a disbursement from the Disbursement Account to a Company Party in accordance with the applicable Budget, notwithstanding the fact that not all certifications and lien releases have been obtained or that other disbursement conditions have not been satisfied; provided that the aggregate amount of Advance Disbursements outstanding at any time shall not exceed (i) One Million Dollars ($1,000,000) per New Club, or (ii) Two Million Dollars ($2,000,000) in the aggregate for all New Clubs.
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Related to Advance disbursement

  • Loan Disbursement Handbook means ADB’s Loan Disbursement Handbook (2012, as amended from time to time);

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Disbursement is defined in Section 2.6.2.

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Revolving Advance has the meaning given in Section 2.1.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Disbursement Date is defined in Section 2.6.2.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Lender Expenses are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred with respect to Borrower.

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.