Construction Disbursement Agreement definition

Construction Disbursement Agreement means that certain [Construction Disbursement Agreement] dated [ ], 2022, between the Initial Funding Lender, in its capacity as Servicer and the Borrower, pursuant to which the Borrower Loan will be advanced by the Funding Lender (or the Servicer on its behalf), as agent, solely for the purpose of disbursing the Borrower Loan for the Governmental Lender to the Fiscal Agent for disbursement to the Borrower and setting forth certain provisions relating to disbursement of the Borrower Loan during construction, insurance and other matters, as such agreement may be amended, modified, supplemented and replaced from time to time.

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Construction Disbursement Agreement means the Construction Disbursement Agreement dated as of even date with this Indenture, between the Borrower and Bank, as the same may be supplemented, amended or modified.

Construction Disbursement Agreement means the Construction Disbursement Agreement dated as of , 2023, by and among the Manager, the Construction Monitor, the Trustee [and JPMorgan Chase Bank, National Association, in its capacity as the Purchasers’ Representative].

Examples of Construction Disbursement Agreement in a sentence

The City will apply, or will cause the Manager to apply, the proceeds of the Series 2023[●] Bonds it receives from the Authority and deposited into the Construction Account to pay or reimburse the Project Costs, in each case subject to the Construction Budget and review and sign-off by the Construction Monitor in accordance with the terms of the Construction Disbursement Agreement.
Such Purchaser shall have received evidence satisfactory to it that the proceeds of each Series 2023[●] Bonds deposited in the Construction Account has been applied and disbursed in accordance with the terms of the Indenture and the Construction Disbursement Agreement.
Such Purchaser shall have received a Request for Purchase as required under, and in strict conformity with, Section 2.01(d) (Requests for Purchase), together with evidence satisfactory to such Purchaser that each of the conditions to construction draws set forth in Section [●] ([●]) of the Construction Disbursement Agreement have been satisfied.
The Bonds are subject to mandatory redemption in whole upon the occurrence of an event of default under the Bond Loan Agreement, any other Bond Loan Document or the Construction Disbursement Agreement at the direction of the Bondowner Representative at a redemption price equal to the principal amount of the Bonds then outstanding, plus accrued interest thereon to the date of redemption.
Each Requisition shall be signed on behalf of the Borrower and shall be in the form attached as Exhibit G to the Construction Disbursement Agreement.

More Definitions of Construction Disbursement Agreement

Construction Disbursement Agreement means the Construction Disbursement Agreement dated as of 1, 2019 between the Borrower and the Bank, as may be amended, supplemented or modified from time to time.

Construction Disbursement Agreement means the [Construction Disbursement Agreement] dated as of the Delivery Date by and between the Borrower and the Servicer, as the same may be amended, modified or supplemented from time to time.

Construction Disbursement Agreement means that certain Amended and Restated Construction Disbursement Agreement dated [February] 1, 2023, between the Initial Funding Lender, in its capacity as Servicer and the Borrower, pursuant to which the Borrower Loan will be advanced by the Funding Lender (or the Servicer on its behalf), as agent, solely for the purpose of

Construction Disbursement Agreement means that certain Construction Disbursement Agreement dated as of the date hereof, between the Funding Lender and the Borrower, setting forth certain provisions relating to disbursement of the Borrower Loan during construction, insurance and other matters, as such agreement may be amended, modified, supplemented and replaced from time to time.

Construction Disbursement Agreement means that certain [Second] Amended and Restated Construction Disbursement Agreement dated as of [June] 1, 2024, between the Servicer and the Borrower, pursuant to which the Borrower Loan will be advanced by the Funding Lender (or the Servicer on its behalf), on behalf of the Governmental Lender, to the Fiscal Agent for disbursement to the Borrower and setting forth certain provisions relating to disbursement of the

Construction Disbursement Agreement means that certain Construction Disbursement Agreement dated as of [ , 2020], between the Funding Lender, as agent for the Governmental Lender, and the Borrower, pursuant to which the Borrower Loan will be advanced by the Funding Lender (or the Servicer on its behalf), as agent of the Governmental Lender, to the Fiscal Agent for disbursement to the Borrower and setting forth certain provisions relating to disbursement of the Borrower Loan during construction, insurance and other matters, as such agreement may be amended, modified, supplemented and replaced from time to time.

Construction Disbursement Agreement means the Construction Disbursement Agreement to be entered into by and between the Borrower and the Funding Lender, as the same may be amended, modified or supplemented from time to time.