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.
Construction Disbursement Request has the meaning specified in Section 2.2.
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.

Examples of Construction Disbursement Request in a sentence

  • 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.

  • 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).

  • 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.

  • Concurrently with the submission of any Construction Disbursement Request, the Authority shall submit an Officers' Certificate in the form of Exhibit E hereto (an "Available Construction Funds Certificate"), to the USB Disbursement Agent and the Trustee showing the amount of Available Construction Funds.

  • Each Construction Disbursement Request for Hard Costs shall be certified by ACLVI and General Contractor with respect to components of the Structural Plans and Specifications and by ACLVI with respect to components of the Interior Plans and Specifications prior to submission to Agent Bank and the Lenders.

  • X'Xxxxx ----------------------------- Name: Xxxxxx X'Xxxxx Title: Vice President BANKERS TRUST COMPANY, as Trustee and Disbursement Agent By: /s/ Xxxxx Xxxxxxx ----------------------------- Name: Xxxxx Xxxxxxx Title: Vice President EXHIBIT A --------- FORM OF CERTIFICATE OF ARCHITECT [Date] Bankers Trust Company 0 Xxxxxx Xxxxxx Xxx Xxxx, XX 00000 Attention: Re: Construction Disbursement Request (herein so called) dated ________ Resorts International Hotel and Casino, Inc.

  • Agent Bank shall have approved each Construction Disbursement Request and/or payments made by Borrower for items as shown on the Project Development Budget.

  • All amounts -------------------------------------------------- disbursed from the Construction Disbursement Account shall either be paid directly to a Person described in and pursuant to a Construction Disbursement Request or to the Disbursed Funds Account.

  • If such conditions are satisfied, the Disbursement Agent, within three (3) Business Days following receipt of a Construction Disbursement Request, shall direct the Trustee to disburse to the Segregated Account the funds requested in such Construction Disbursement Request.


More Definitions of Construction Disbursement Request

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.
Construction Disbursement Request means any In-Progress Disbursement Request or any Advance Disbursement Request (each as defined below).
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:

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 the drawings showing building components and the manner in which they are assembled to form a building.

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

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Construction Costs means any and all costs incurred by the Contractor with respect to the construction and equipping, as the case may be, of the improvements performed, whether paid or incurred prior to or after the date hereof, including, without limitation, costs for Site preparation, the removal or demolition of existing structures, the construction of the Project and related facilities and improvements, and all other work in connection therewith, security of the Site and Project, Contractors’ overhead and supervision at the Project Site, all costs and expenses including any taxes or insurance premiums paid by the Contractor with respect to the Property, and administrative and other expenses necessary or incident to the Project, excluding Contractors’ and Developers’ home office overhead and profit. The term “Construction Costs” includes all Contractor’s costs associated with preparing or generating additional copies of any Construction Documents, as defined below, related to or required for the Project, including preparation or generation of additional Plans and/or Specifications for Contractor’s Subcontractors. In no event shall Construction Costs exceed the Guaranteed Maximum Price.

  • 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 is modified to read “Preparation Advance” and its definition is modified to read as follows:

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

  • Total Project Costs means the total amount of money required to complete the Project.

  • 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 date of the completion of the Construction Period, which shall be at the expiry of a period of 24 (Twenty Four) months from the Compliance Date or such other date (with the consent of the Authority) by which the overall development of the Project is completed in accordance with the provisions of this Concession Agreement and when the Construction Completion Certificate is issued by Authority as per Article 14.1.

  • Construction Budget means the cost of acquisition, installation, testing, constructing and developing any Property as determined by the Construction Agent in its reasonable, good faith judgment.

  • Subproject means a Subproject under the Project that meets the Subproject eligibility criteria set forth in paragraph 2 of Schedule 5 to this Loan Agreement;