Closing Disbursements definition

Closing Disbursements shall have the meaning set forth in Section 2.02(a).
View Source
Closing Disbursements means collective reference to disbursements and/or Borrowings, as applicable, made on the Closing Date from the C/T Loan for the purposes set forth in Section 2.01(b) and/or the Revolving Credit Facility for the purposes set forth in Section 2.06(a)(i).
View Source
Closing Disbursements as defined in Section 2.2(b).
View Source

Examples of Closing Disbursements in a sentence

  • Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at ▇▇▇▇▇ Fargo Bank, N.A. must specify the amount and applicable account.

  • All proceeds of the Loan remaining after the disbursement of the Closing Disbursements shall be disbursed and made available to Borrower pursuant to the terms of the Loan Documents.

  • Borrower acknowledges that certain of the costs and charges shown in the Loan Disbursement Schedule are estimates, and that the actual Closing Disbursements may vary from the estimates shown in the Loan Disbursement Schedule.

  • Subsequent to the Closing, Disbursements of Loan Proceeds shall be made, and the conditions precedent to such Disbursements shall be met, from time to time as construction progresses, but no more frequently than once in each calendar month.

  • Disbursement Requests for the Closing Disbursement(s) to be made by wire transfer must specify the amount and applicable Receiving Party.

  • The obligation of each of the Banks to fund the Closing Disbursements under the Credit Facility is subject to the following conditions precedent, each of which shall be satisfied on or before January 23, 2009 (unless all of the Banks, in their sole and absolute discretion, shall agree otherwise).

  • The amounts to be paid pursuant to this Section 4.1(a), including the Closing Disbursements, shall be set forth on the Closing Statement.

  • Subsequent to the Closing, Disbursements of Loan Proceeds shall be made from time to time as construction progresses, but no more frequently than once in each calendar month.

  • At or prior to the Closing Date, Merger Corp shall (i) deposit with the Exchange Agent an amount equal to the Merger Consideration, less the Closing Disbursements, in trust for the benefit of holders of shares of the Company Stock, and (ii) pay or cause to be paid to the Persons entitled thereto the amount of the Closing Disbursements, in cash or other immediately available funds.

  • Payment by Borrowers of the Revolving Credit Fee as provided in Section 2.08(a) hereinabove from the Closing Disbursements under the Credit Facility.


More Definitions of Closing Disbursements

Closing Disbursements has the meaning given to it in Section 3.2(a).
View Source
Closing Disbursements shall have the meaning ascribed in Section 4.1(c).
View Source