Disbursement 2 definition

Disbursement 2. Client disburses and GPT collects payment of an additional $35,000 USD prior to the XXXXX filing of the Companies Form SB-2 offering document; NOTE: Client allows GPT 500,000 shares of the Common Stock at distribution time to the founders;
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Disbursement 2. Client disburses and GPT collects payment of an additional $32,500 USD prior to the XXXXX filing of the Companies Form SB-2 offering document; NOTE: Client allows GPT 500,000 shares of the Common Stock at distribution time to the founders which shall equal 3% of he issued and outstanding post founders round; (the amount of stock issued will be controlled to make this occur once the cap table has been set post founders round and pre-SB-2 round) Disbursement 3: Client disburses and GPT collects payment of an additional $10,000 USD upon clearance of the federally registered statement;
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Disbursement 2. Client disburses and GPT collects payment of an additional $35,000 USD prior to the EXXXX filing of the Companies Form SB-2 offering document; NOTE: Client allows GPT 500,000 shares of the Common Stock to be sold in federally registered offering; Disbursement 3: Client disburses and GPT collects payment of an additional $10,000 USD upon clearance of the federally registered statement; Disbursement 4: Client disburses and GPT collects payment of an additional $10,000 USD prior to the filing of the Form 211 with the NASD clearance of the Client for quotation and trading on the NASDOTCBB.
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Examples of Disbursement 2 in a sentence

  • Disbursement 2 covers the period from the first day of the 6th week, to the last day of the 10th week in office.

  • Student directors who were appointed after the 8th week of the semester has passed are not eligible to receive Disbursement 2.

  • Disbursement 2 covers the period from the first day of the 6th week, to the last day of the 10th week that a student director is in office.Elected Director.

  • Both these earlier contracts were for Ethiopian Whitish Sesameseed and, like the present Contracts, included the option to ship the goods from named European port and the option to ship Sudanese Whitish Sesameseed in the event that the USA lifted its sanctions.

  • While we do not think that the volume of MMS would make a significant difference to our results, we will investigate this further.E xtrapolating missing values 7.

  • If CITY/TOWN/DISTRICT submits its Annual Measure A Expenditure Report after November 15th, Disbursement 2 may be delayed.

  • Paperwork must be turned into the ASI Administrative Office by the Monday of the 4th week (for Disbursement 1), and Monday of the 9th week for Disbursement 2) of each semester.

  • Disbursement 2 will consist of PROGRAM funds from Measure A revenue received from the California Department of Tax and Fee Administration during the preceding July 1st through December 31st period and allocated to the CITY/TOWN/DISTRICT according to the ALLOCATION METHOD.

  • Disbursement 2 will occur in or about January, conditional upon receipt by Marin County Parks, by November 15th of the same fiscal year, of an Annual Measure A Expenditure Report prepared by CITY/TOWN/DISTRICT, in the form attached as Exhibit D, describing actual expenditures for the preceding fiscal year.

  • Project Loan Initial Disbursement 2 Nov 1998 Final Disbursement 19 Nov 2004 Time Interval 72 months Effective Date 14 Aug 1998Revised Closing Date 30 Sep 2004Time Interval 73 months b.

Related to Disbursement 2

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Disbursement Date is defined in Section 2.6.2.

  • Disbursement is defined in Section 2.6.2.

  • Disbursement Agreement means, on any date, the Disbursement Agreement, as originally in effect on the Closing Date, among the Borrower, Holdings, the Administrative Agent, the Discount Note Indenture Trustee, the Disbursement Agent, the Servicing Agent and the Securities Intermediary and as thereafter from time to time amended, supplemented, amended and restated or otherwise modified.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Disbursement Schedule means the disbursement schedule as set out in an FAA;

  • 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.

  • Disbursement Period means the period during which Grant Funds may be disbursed.

  • Disbursement Letter means an instructional letter executed and delivered by Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Disbursement Instruction Agreement means an agreement substantially in the form of Exhibit M to be executed and delivered by the Borrower pursuant to pursuant to Section 6.1(a)(xi), as the same may be amended, restated or modified from time to time with the prior written approval of the Administrative Agent.

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Administrative Fees shall have the meaning assigned to such term in Section 2.06(b).

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

  • Agent's Fees shall have the meaning assigned to such term in Section 3.5(c).

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.