Construction Disbursement Request definition

Construction Disbursement Request means the form to be executed and appropriately completed by an Authorized Officer of Borrower and submitted to Agent Bank concurrently with each request for the advance by Lenders of a Construction Disbursement during the Construction Period, a copy of which form is marked "Exhibit K", affixed hereto and by this reference incorporated herein and made a part hereof.
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Construction Disbursement Request has the meaning set forth in Section 7.1.
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Construction Disbursement Request means, a written request and certification for payment submitted by X.Xxxxx to the Building Corporation in the form attached hereto as Exhibit A, which request and certification for payment shall: (1) be prepared by X.Xxxxx; (2) be accompanied by:
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Examples of Construction Disbursement Request in a sentence

  • Lenders shall disburse such funds monthly in payment of those portions of the Construction Disbursement Requests which are approved by Agent Bank in a timely manner, but in no event later than ten (10) Banking Business Days following the date Agent Bank receives such Construction Disbursement Request in accordance with the requirements of Article IX.

  • Borrowings made pursuant to a Construction Disbursement Request shall be Base Rate Loans as of the applicable Funding Date and shall be made in accordance with the provisions of Section 2.09(a).

  • Upon receipt by the Disbursement Agent of a Construction Disbursement Request with the paragraph labeled “[For the Final CDA Disbursement Only]” included, the Disbursement Agent shall disburse all remaining funds in the Construction Disbursement Account as directed by the Issuers (the “Final CDA Disbursement”).

  • Such amounts shall be released monthly upon Construction Disbursement Request submitted by Borrower.

  • Code §36 7-14- 12.2(a)(25), the Building Corporation shall provide X.Xxxxx Forty Thousand and no/100 Dollars ($40,000.00) to construct, rehabilitate or repair the Site (the “Commercial Property Grant”), which Commercial Property Grant and any portion thereof shall be provided to X.Xxxxx pursuant to a Construction Disbursement Request.

  • Subject to the conditions and upon the terms hereinafter set forth and in accordance with the terms and provisions of the Note, Lenders severally agree to advance Construction Disbursements to Borrower up to the Maximum Availability in proportion to their respective Syndication Interests in such amounts as Borrower may request from time to time by Construction Disbursement Request, pursuant to Article IX of this Credit Agreement.

  • Subject to the conditions and upon the terms hereinafter set forth and in accordance with the terms and provisions of the Revolving Credit Note, Lenders severally agree to advance Construction Disbursements to Borrower up to the Maximum Availability in proportion to their respective Syndication Interests in such amounts as Borrower may request from time to time by Construction Disbursement Request, pursuant to Article IX of this Credit Agreement.

  • If such a notice is received, the Asset Representations Reviewer will immediately terminate all Tests of such Group Review Receivable and the Review of the Group Review Receivable will be considered complete (a “Test Complete”).

  • The Disbursement Agent denied this request but allowed the Debtors access to $1.2 million of funds that remained in the Construction Disbursement Account for payment of the remediation work on the Resort.58For payment of pre-Hurricane Katrina constructions expenses, the Debtors submitted on or about October 12, 2005, Construction Disbursement Request No. 19 to the Disbursement Agent pursuant to § 4.2.2 of the Disbursement Agreement.

  • Each Construction Disbursement Request shall be certified by the Borrower, the Architect (with respect to items for disbursement to a General Contractor), and the applicable General Contractor (with respect to items under the applicable General Contractor's Agreement) prior to submission to Agent Bank and Lenders' Consultant.


More Definitions of Construction Disbursement Request

Construction Disbursement Request means any In-Progress Disbursement Request or any Advance Disbursement Request (each as defined below).
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Construction Disbursement Request means, a written request and certification for payment submitted by Round Room to the Corporation in the form attached hereto as Exhibit A, which request and certification for payment shall: (1) be prepared by Round Room; (2) be accompanied by: (a) a description of the work therein, (b) a summary of the expenses included in such Construction Disbursement Request, and (c) all related invoices, lien releases, and/or other information reasonably necessary to establish the accuracy of the information set forth in the request and certification.
Sample 1
Construction Disbursement Request means the form to be executed and appropriately completed by Borrower and submitted to Agent Bank concurrently with each request for the advance by Lenders of a Construction Disbursement during the Construction Period, a copy of which form is marked "Exhibit G", affixed hereto and by this reference incorporated herein and made a part hereof.
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Related to Construction Disbursement Request

  • 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.

  • Draw Request Any request by the Borrower, pursuant to Section 2.2 of this Agreement, for a disbursement of any portion of the proceeds of the Loan.

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Disbursement is defined in Section 2.6.2.

  • Construction Drawings means those drawings containing the technical details associated with the design, construction and installation of the Infrastructure;

  • Payment request means any request for contract financing payment or invoice payment submitted by the contractor under this contract.

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Project Preparation Advance means the project preparation advance granted by the Association to the Borrower pursuant to an exchange of letters dated April 28, 1994 and May 21, 1994 between the Borrower and the Association;

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

  • Total Project Costs means (a) the costs paid or incurred or to be paid or incurred by a Borrower Related Party in connection with or incidental to the acquisition, design, construction and equipping of the Project, including legal, administrative, engineering, planning, design, insurance, and costs of issuance; (b) amounts, if any, required by the Indenture Documents or the TIFIA Loan Documents to be paid into any fund or account upon the incurrence of the TIFIA Loan or any Secured Obligations; (c) payments when due (whether at the maturity of principal, the due date of interest, or upon optional or mandatory prepayment) during the Construction Period in respect of any indebtedness of the Borrower or any Credit Enhancement maintained by a Borrower Related Party, in each case in connection with the Project (other than the TIFIA Loan); and (d) costs of equipment and supplies and initial working capital and reserves required by the Borrower Related Parties for the commencement of operation of the Project, including general administrative expenses and overhead of the Borrower.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

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

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Construction Work means any work in connection with⎯

  • Contract Drawings means only those drawings specifically entitled as such and listed in the Specifications or in any Addendum, or any drawings furnished by the Commissioner, pertaining or supplemental thereto.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.

  • Improvement completion assurance means a surety bond, letter of credit,

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Subproject means a specific project to be carried out by an existing BE utilizing the proceeds of a Sub-loan or Investment, as hereinafter defined, fulfilling the conditions set forth in Part A of Schedule 4 to this Agreement;