Examples of Funding Endorsements in a sentence
In the event the Disbursing Agent shall disburse funds pursuant to this Agreement, and shall not deliver Funding Endorsements to the Policies as provided above, StadCo, the Authority, the FinanceCo Agent, and Ventures shall nevertheless be entitled to rely on its respective Policy as in fact having been so endorsed and continued without change or record and with affirmative guaranty against mechanic’s lien claims.
Contemporaneously with a disbursement under this Section 4.07, the Disbursing Agent shall issue the appropriate Funding Endorsements and promptly thereafter deliver originals of such Funding Endorsements to the applicable party.