Disbursement Budget definition

Disbursement Budget. - means the design and construction budget for the Improvements, as approved by Lender from time to time.

Disbursement Budget means that certain budget of monthly aggregate Disbursements for the months of December, January, February and March 2018 delivered prior to the Seventh Amendment Effective Date and for the month of April 2018 delivered prior to the Eighth Amendment Effective Date, in each case, prepared by the Borrower and approved by the Borrower Financial Advisor.

Disbursement Budget shall have the meaning given in Exhibit D hereto.

Examples of Disbursement Budget in a sentence

• A description of the work performed, material supplied and/or costs incurred or due for which disbursement is requested with respect to any line item ("Item") shown in the Disbursement Budget.

• Bondowner Representative shall have received evidence satisfactory to Bondowner Representative that there will be sufficient funds available to Borrower to complete the Project and cover all costs as shown on the Disbursement Budget attached hereto, whether from the proceeds of the Loan, Subordinate Loans, Capital Contributions or from another source or other sources acceptable to Bondowner Representative.

• The Construction Disbursement Budget may be amended from time to time in the manner set forth herein.

• From each line item, Bank shall disburse Loan funds in a total amount not to exceed the Loan Disbursement Budget for that line item, taking into account all prior disbursements, any applicable retention requirements, and any reallocation of funds to which Bank has consented.

• Neither the Trustee nor the Disbursement Agent shall have any obligation to (i) review the Construction Disbursement Budget Amendment Certificate or any documents attached thereto, (ii) investigate into any facts or matters contained in such Certificate or documents attached thereto, or (iii) make any determination as to whether the obligation to submit a Construction Disbursement Budget Amendment Certificate is triggered.

More Definitions of Disbursement Budget

Disbursement Budget means the budget and schedule for disbursement of the loan proceeds attached as Exhibit B to this Agreement. ---------

Disbursement Budget. – means the column titled “Funded by Bank” in the then current Expansion Budget.

Disbursement Budget means the budget setting forth the purposes for which Borrower shall be entitled to use the proceeds of the Loans and the Borrower Equity, which is attached hereto as Exhibit C-2.

Disbursement Budget has the meaning ascribed to such term in Exhibit D to this Agreement.

Disbursement Budget means that certain budget of monthly aggregate Disbursements for the months of July, August and September 2017 prepared by the Borrower, approved by the Borrower Financial Advisor.

Disbursement Budget means the column titled “Funded by Bank” in the then current Expansion Budget.

Disbursement Budget means the annual allocation available for disbursement to Indigenous Partners from the Disbursement Account by the Governance Committee;