Examples of Disbursement Offer in a sentence
Disbursement Offer Upon request by the Borrower, provided that no event mentioned in Article 1.6.B (Bank’s right to suspend and cancel) has occurred and is continuing, the Bank shall send to the Borrower a Disbursement Offer for the disbursement of a Tranche.
The latest time for receipt by the Borrower of a Disbursement Offer is 10 (ten) days before the Final Availability Date.
For the calculation of the sums available to be disbursed in USD, and to determine their equivalent in EUR, the Bank shall apply the rate published by the European Central Bank in Frankfurt, available on or shortly before submission of the Disbursement Offer as the Bank shall decide.
The Borrower shall be deemed to have refused any Disbursement Offer which has not been duly accepted in accordance with its terms on or before the Disbursement Acceptance Deadline.
The Bank shall not be required to send to the Borrower more than one Disbursement Offer per calendar month or more than 6 (six) Disbursement Offers per calendar year.