Funds Flow Direction Letter definition

Funds Flow Direction Letter means that certain direction letter, dated as of the Closing Date, executed by the Borrower, which instructs the Administrative Agent as to the flow of loan proceeds on the Closing Date.
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Funds Flow Direction Letter means any flow of funds direction letter executed by the Borrower Representative and delivered to the Agent in connection with the funding of any Loan hereunder.
Sample 1
Funds Flow Direction Letter means any flow of funds direction letter executed by the Borrower Representative and delivered to the Agent in connection with the funding of any Loan hereunder.
Sample 1

Examples of Funds Flow Direction Letter in a sentence

  • On the date of any borrowing pursuant to the terms of this Section 2.1(f), following the satisfaction of the conditions set forth in Section 7.2 hereof, each applicable Lender shall remit to the Agent by 2:00 p.m. (New York City time) its share of the aggregate amount of the Delayed Draw Term Loans requested by the Borrower in the applicable Notice of Borrowing for further distribution by the Agent pursuant to the Funds Flow Direction Letter related thereto.

Related to Funds Flow Direction Letter

  • Instruction Letter means written instructions in a form acceptable to NCPS and executed by Issuer Party with Issuer Party directing NCPS to promptly disburse the Escrow Funds to Issuer pursuant to Section 4(a).

  • CREFC® Payment Posting Instructions Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Payment Posting Instructions Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Disbursement Letter means an instructional letter executed and delivered by Administrative Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.