Disbursement of the Loan definition

Disbursement of the Loan the disbursement of the total amount of the Loan to be made by the Bank to the Borrower and to be subject to the conditions precedent for disbursement referred to in Clause 3.02 of the Contract.
Sample 1

Examples of Disbursement of the Loan in a sentence

  • The first interest payment shall be made on the first Interest Payment Date after the Disbursement of the Loan.

  • Disbursement of the Loan Proceeds; Amounts Payable; Prepayment; and Late Fee.

  • Disbursement of the Loan proceeds shall be made within 10 business days after the Council has approved a claim for the Loan.

  • Disbursement of the Loan will be made, into the account of Borrower maintained with PNC Bank (the “Account”), unless otherwise directed by Borrower in writing.

  • Disbursement of the Loan proceeds shall be made within 10 business after the Council has approved a claim for the Loan.

  • Disbursement of the Loan shall be governed by the Budget for the Project, in form and substance acceptable to Agent in Agent’s reasonable discretion.

  • Such front-end commission shall be due and payable not later than three (3) Business Days prior to the first Disbursement of the Loan or thirty (30) Business Days after the date of this Agreement, whichever is earlier.

  • Disbursement of the Loan shall be governed by a budget for the Subject Property (the “Budget”), in form and substance acceptable to Administrative Agent in Administrative Agent’s reasonable discretion, specifying the amount of cash equity invested in the Subject Property and all costs and expenses of every kind and nature whatever to be incurred by Borrower in connection with the Subject Property prior to the Maturity Date as described more fully in Section 8.2 below.

  • Co-Branded Services 1.4 We may work with external unaffiliated third party in offering co-branded services or features, such as contests, activities, events or other promotions (“Co-Branded Services”).

  • Interest Accrual.‌Each Loan shall accrue interest at the rate set forth in the Promissory Note beginning with the Date of Disbursement of the Loan until the Loan is paid in full.

Related to Disbursement of the Loan

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Disbursement is defined in Section 2.6.2.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • 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).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • 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%).

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • Disbursement Date is defined in Section 2.6.2.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Special Agent Advances shall have the meaning set forth in Section 12.11 hereof.

  • 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.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

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

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically 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.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Advance has the meaning given in Section 2.1.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.

  • Loan Advance The meaning specified in Section 2.2(a).

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

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Protective Advance has the meaning assigned to such term in Section 2.04.