Draw Package definition

Draw Package has the meaning set forth in Section 2.04(a) hereof.

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Draw Package means a monthly submission made by the Borrower to the Administrative Agent and the Construction Consultant in accordance with Section 8.4, which shall include without limitation:

Draw Package means the documents and other items required to be provided to the Administrative Agent and/or the Construction Consultant under Section 3.03.

Examples of Draw Package in a sentence

• Amounts deposited into the Facility Lessee Construction Account established by the Collateral Account Pledge Agreement shall be deemed fully made to Facility Lessee on the date of such deposit; and such amounts shall be disbursed by Collateral Agent directly to Proton System Supplier as directed in the Draw Package.

• Administrative Agent shall have received a Draw Package in accordance with the provisions of Section 2.04(a) hereof.

• To request an Advance, Borrower shall deliver a Draw Package to Administrative Agent by electronic communication as provided in Section 11.01 hereof, not later than 11:00 a.m., New York City time, 10 Business Days before the date of the proposed Advance.

• Developer shall not commingle Owner’s funds with the funds of any other Person and shall disburse Owner’s funds only in accordance with the Monthly Draw Package.

• Payments made by Owner (and the Construction Lender under the Construction Loan, if applicable) pursuant to an approved Monthly Draw Package may be made, at Owner’s (or any such Construction Lender’s) discretion, directly to the parties to whom payment is owed or may be made to an account of Owner over which Developer has signature authority for further disbursement to the Architect(s), Contractor, the Specialists and Consultants, suppliers and other creditors.

More Definitions of Draw Package

Draw Package means the documents and other items required to be provided to Lender, the Construction Consultant, and/or the Title Company, as applicable, pursuant to the Construction Loan Disbursing Agreement or the Phase II Construction Loan Disbursing Agreement as the case may be.

Draw Package means the draw package constituting the documents and other items set forth on Schedule 6.9(b) hereto. Common Member shall submit each Draw Package in accordance with the provisions of Section 6.9.

Draw Package has the meaning in Exhibit C. ​ ​ ​

Draw Package is defined in Section 8.3.

Draw Package means all of the fully signed (and, as applicable, witnessed and notarized so as to be in recordable form), certificates, sworn statements, affidavits, waivers, releases, terminations, W-9 forms and other materials and documents relating to requested payments to the Contractor or any Subcontractor or material supplier, and such other items and dollar amounts requested under any Disbursement Request so that the Escrowee and Title Insurer will have all required documents and materials necessary to review and approve a Disbursement Request and issue a Disbursement Endorsement as contemplated under the Disbursement Agreement. Each Draw Package must, at a minimum, include: (a) the documents referenced in Exhibits Y-1 – Y - 6, (b) statements, affidavits, waivers, releases, terminations, and any other document or item which shall be accurate, fully completed and duly executed (and, as applicable, witnessed and notarized so as to be in recordable form), (c) all certifications, exhibits, attachments, schedules, appendices and certificates, and (d) a list and copies of any and all “Notices to Owner” received by the Borrower, the Contractor or their affiliates not previously delivered to the Escrowee.

Draw Package shall have the meaning set forth in Section 7.7(b) hereof.

Draw Package. The documentary demand for payment, dated and signed by the Securities Administrator, on behalf of the Trustee, stating on its face “Drawn under U.S. Central Credit Union Irrevocable Standby Letter of Credit No. CM2004-002” accompanied by a copy of the Standby Letter of Credit and a fully executed and completed Draw Package Certificate.