Examples of Disbursement in a sentence
In order to receive disbursement, the Developer shall execute a Closing Disbursement Request to be delivered to the City no less than five (5) days prior to the scheduled pricing date for the PID Bonds for payment in accordance with the provisions of the applicable Indenture.
You will provide the Bank complete and accurate information regarding additions to and deletions from the Issue File for all checks issued against the Disbursement Account in a format pre- approved by the Bank and will transmit such information (via a means approved by the Bank) by no later than 5:00 p.m. EST of the day on which you wish the Bank to add or delete such checks from the Issue File.
After reviewing the Closing Disbursement Request, the City approves the Closing Disbursement Request and shall include said payments in the City Order submitted to the Trustee directing payments to be made from the applicable account under the Indenture upon delivery of the PID Bonds.
Each Business Day, the Bank will perform an automated review comparing the MICR-encoded information on each check presented for payment against the Disbursement Account with the Issue File.
The City is in receipt of the attached Closing Disbursement Request, acknowledges the Closing Disbursement Request, and finds the Closing Disbursement Request to be in order.