Initial Disbursement definition

Initial Disbursement has the meaning ascribed to such term in Section 3.1.

Initial Disbursement has the meaning set forth in Section 2.2(a).

Initial Disbursement means disbursement to the Property Owner of the portion of the Funding Amount requested in the Funding Request of up to ten percent of the Estimated Cost in advance of completion of the Work, in accordance with Section 5;

Examples of Initial Disbursement in a sentence

• The Bond shall be issuable only as a single fully registered Bond, without coupons in the principal amount equal to the aggregate of the purchase price of the Bond advanced from time to time by the owner of the Bond (which principal amount shall be, on the Closing Date, equal to the amount of the Initial Disbursement).

• The Bond shall be issuable only as a single fully registered Bond of each series, without coupons in the principal amount equal to the aggregate of the purchase price of the Bond advanced from time to time by the owner of the Bond (which principal amount shall be, on the Closing Date, equal to the amount of the Initial Disbursement).

• An Authorized Representative shall notify the Escrow Agent of the timing of and how to disburse Subscription Proceeds deposited after the Initial Disbursement, if applicable, and.

• An Authorized Representative shall notify the Escrow Agent of the timing of and how to disburse Subscription Proceeds deposited after the Initial Disbursement, if applicable.

• The Final Disbursement shall be the Funding Amount as determined under Section 9 of this POA, less the Initial Disbursement.

More Definitions of Initial Disbursement

Initial Disbursement shall have the meaning ascribed to such term in Section 3.1.

Initial Disbursement means that portion of the Funds that may be disbursed to the Recipient after the Closing Date for reimbursement in connection with expenses for Eligible Uses incurred by the Recipient as of January 1, 2015 through the Effective Date.

Initial Disbursement shall have the meaning ascribed to it in Section 3(b)(i).

Initial Disbursement has the meaning set forth in Section 2(c)(i) below.

Initial Disbursement means the first Disbursement following the Agreement Date.

Initial Disbursement means the amount of the initial funding of the Bonds on the Closing Date, as set forth in a Receipt for Promissory Note and Acknowledgement of Funding of Bonds executed by the Bondowner Representative and delivered on the Closing Date.

Initial Disbursement means the initial advance of the principal of the Bank Loan on the Closing Date in respect of Governmental Lender Tax-Exempt Note, in the amount specified by the Bank on the Closing Date (which shall be an amount no less than $50,001).