Examples of Date of Disbursement in a sentence
This endorsement, to be issued only in conjunction with loan policies insuring construction mortgages, provides a vehicle by which the Date of Disbursement Coverage under the said policy can be amended to the date of the current disbursement.
In addition, if following disbursement by Buyer of the Purchase Price relating to any Transaction, Seller cancels such Transaction, regardless of the number of Transactions Seller has previously cancelled, Seller shall pay Buyer a price differential on such Purchase Price from the Date of Disbursement until, but not including, the date the Purchase Price is returned to Buyer.
In such case, the Borrower hereby agrees to service the Interest accrued on the Outstanding Balance, from the first Date of Disbursement up to the Pre-EMI End Date, by making payment of the accrued Interest on the amounts disbursed, on a monthly basis on the dates specified in the Repayment Schedule or at such time interval and upon such terms and in such manner, as may be directed by the Lender, from time to time (“Pre-EMIs” or “PEMIs”).
On the Interest Only Payment Date, Borrower shall pay the interest then due and accrued from the Date of Disbursement.
April 1, 2009, being the first day of the second month after the Date of Disbursement.