Examples of Disbursement of Loan Proceeds in a sentence
To the extent that Lender may have acquiesced (whether intentionally or unintentionally) in the Borrower’s failure to comply with and satisfy any condition precedent to the Closing, to any Construction Disbursement or to any Disbursement of Loan Proceeds, such acquiescence shall not constitute a waiver by Lender of any condition precedent set forth in this Agreement, and Lender at any time thereafter may require the Borrower to comply with and satisfy all conditions and requirements of this Agreement.
To the extent that Administrative Agent may have acquiesced (whether intentionally or unintentionally) in Borrower’s failure to comply with and satisfy any condition precedent to the Closing or to any Disbursement of Loan Proceeds, such acquiescence shall not constitute a waiver by Administrative Agent of any condition precedent set forth in this Agreement, and Administrative Agent at any time thereafter may require Borrower to comply with and satisfy all conditions and requirements of this Agreement.
Notwithstanding the foregoing or anything to the contrary contained herein or in any other Loan Document, to the extent that Lender may have acquiesced in noncompliance with any requirements precedent to the Loan Closing Date, or precedent to any subsequent Disbursement of Loan Proceeds, such acquiescence shall not constitute a waiver by Lender, and Lender may at any time after such acquiescence require Borrower to comply with all such requirements prior to any additional Disbursement.
Lender’s agreement to make the Loan is subject to Borrower’s satisfaction of all the conditions precedent applicable to the initial Disbursement of Loan Proceeds (the “Initial Disbursement”) with respect to the Initial Approved Subdivisions in advance, as such conditions are set forth in Section 2.1 below, not later than the deadline (“Loan Closing Deadline”) for the closing for the Loan (“Loan Closing”), as set forth in Paragraph 1 of the Specific Loan Terms.
Disbursement of Loan Proceeds where the proceeds are to be used to purchase the Vessel that is the subject of the Loan will be in accordance with the written disbursement instructions of Borrower, the seller of the Vessel and any applicable mortgagee.
Unless Lender exercises its option to make payments directly to the General Contractor, subcontractors or other parties under "Disbursement of Loan Proceeds" above, all Advances under the Loan shall be deposited into Borrower's deposit account with Lender and Borrower shall make all of such payments from such deposit account.
All of the PACE Funds have been disbursed or will be disbursed simultaneously with the Initial Disbursement of Loan Proceeds.
Lender's agreement to make the Loan is subject to Borrower's satisfaction of all the conditions precedent applicable to the initial Disbursement of Loan Proceeds (the "Initial Disbursement") with respect to the Initial Approved Subdivisions in advance, as such conditions are set forth in Section 2.1 below, not later than the deadline ("Loan Closing Deadline") for the closing for the Loan ("Loan Closing"), as set forth in Paragraph 1 of the Specific Loan Terms.
No amounts under the Item "Interest" shall be disbursed from Loan proceeds subsequent to the date of Completion of Construction until Lender makes the Final Disbursement of Loan Proceeds pursuant to the terms of Section 5.11 hereof.
TRANSFER AUTHORIZER DESIGNATION (For Disbursement of Loan Proceeds by Funds Transfer) ¨ NEW ¨ REPLACE PREVIOUS DESIGNATION ¨ ADD ¨ CHANGE ¨ DELETE LINE NUMBER The following representatives of TPG-Brookhollow, L.P., a Delaware limited partnership (“Borrower”) are authorized to request the disbursement of Loan Proceeds and initiate funds transfers for Loan Number 1002714 dated July 21, 2010, between Xxxxx Fargo Bank, National Association (“Bank”) and Borrower.