Closing Disbursement definition

Closing Disbursement shall have the meaning set forth in Section 2.02(a).
Sample 1
Closing Disbursement means the disbursement of Loan proceeds to be made upon the fulfillment of the conditions set forth in Section 6.1 [Closing Disbursement] hereof.
Sample 1
Closing Disbursement means the Borrowing to be advanced on the Closing Date for the uses and purposes set forth in Section 2.02(a).
Sample 1

Examples of Closing Disbursement in a sentence

  • The City is in receipt of the attached Closing Disbursement Request, acknowledges the Closing Disbursement Request, and finds the Closing Disbursement Request to be in order.

  • After reviewing the Closing Disbursement Request, the City approves the Closing Disbursement Request and directs payment to be made from Costs of Issuance Account upon delivery of the PID Bonds.

  • In accordance with the terms of the Merger Agreement, immediately prior to the Closing, the Purchaser will cause to be deposited with the Exchange Agent, in trust for the Stockholders, the Closing Disbursement and, as soon as commercially practicable but in any event no later than three Business Days after the Special Meeting, the Note Satisfaction Shares or Note Satisfaction Cash (as defined herein), as the case may be.

  • The conditions precedent to closing the Loan and recording the Mortgage and making the Closing Disbursement, and making the first advance after the Closing Disbursement, the second advance after the Closing Disbursement and subsequent advances, are set forth in the Closing Checklist.

  • Also, craving is usually elicited during the assessment phase of the targets.

  • After reviewing the Closing Disbursement Request, the City approves the Closing Disbursement Request to the extent set forth below and authorizes and directs payment by Trustee in such amounts and from the accounts listed below, to the Developer or other person designated by the Developer herein.

  • Prior to the second advance of the Loan after the Closing Disbursement, Borrower shall be required to deliver audited financial statements of Borrower for the fiscal years ending December 31, 2008 and 2009, which shall be prepared in accordance with GAAP consistently applied, fairly present the respective financial conditions of the applicable Person as of the respective dates thereof, and shall not differ from the Management Statements in any material respect.

  • The undersigned is a duly authorized officer of the Developer, is qualified to execute this Closing Disbursement Request on behalf of the Developer, and is knowledgeable as to the matters set forth herein.

  • All financial statements must be in form and detail acceptable to Lender and must be certified as to accuracy by Borrower or the respective Guarantor, as the case may be, and from and after the time of any advance of the Loan after the Closing Disbursement must be audited by a nationally recognized independent certified public accounting firm.

  • Prior to the Closing Disbursement Date, the Plans and Specifications will be complete and adequate for the Construction of the Improvements.


More Definitions of Closing Disbursement

Closing Disbursement means $2,850,000 of the proceeds from the issuance of this Note, being the amount released to the Corporation by Holder on the date hereof for the purposes set forth in the Closing Cash Payment Forecast Schedule;
Sample 1
Closing Disbursement means an aggregate amount of cash equal to the excess of (a) the Closing Company Cash Balance over (b) $10,000,000, provided such amount of cash disbursed shall not be excess of $30,000,000.
Sample 1
Closing Disbursement means $2,850,000, being the amount released to the Corporation by Golden Minerals at Closing for the purposes set forth in the Closing Cash Payment Forecast Schedule;
Sample 1

Related to Closing Disbursement

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

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

  • 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 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.

  • State disbursement unit or "SDU" means the entity established in section 6 of the office of child support act, 1971 PA 174, MCL 400.236.

  • 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).

  • Disbursement is defined in Section 2.6.2.

  • Letter of Credit Disbursement means a payment made by Issuing Lender or Underlying Issuer pursuant to a Letter of Credit.

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Report-based Disbursements means the Borrower’s option for withdrawal of funds from the Credit Account referred to in Part A.5 of Schedule 1 to this Agreement;

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

  • Disbursement Date is defined in Section 2.6.2.

  • Disbursement Letter means an instructional letter executed and delivered by Administrative Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.

  • Administrative Agent’s Fee Letter means that certain Administrative Agent’s Fee Letter dated as of January 13, 2010 by and among the Administrative Agent, International Paper and Borrower, as the same may be amended, restated or otherwise modified from time to time.

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Closing Transaction Expenses means the Transaction Expenses as set forth on the Closing Statement.

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

  • 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.

  • Closing Date Term Loan has the meaning specified in Section 2.01(a).

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

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

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Settlement Administration Expenses means the Settlement Administrator’s fee, and the expenses incurred by the Settlement Administrator in providing Notice, processing claims, exclusions, and objections, responding to inquiries from members of the Settlement Class, mailing checks for Approved Claims, and related services, paying taxes and tax expenses related to the Settlement Fund (including all federal, state or local taxes of any kind and interest or penalties thereon, as well as expenses incurred in connection with determining the amount of and paying any taxes owed and expenses related to any tax attorneys and accountants).

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.