Loan Disbursement definition

Loan Disbursement means any advance of Loan Proceeds pursuant to a Request For Loan Disbursement.

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Loan Disbursement means and refer to any and all advancement of acquisition and/or construction funds under the Loan Documents for the Purpose stated, after all conditions precedent thereto have been met and satisfied as determined by the Lender.

Loan Disbursement means a disbursement of Proceeds under this Agreement.

Examples of Loan Disbursement in a sentence

• The Funding Fee Shares to be issued for each Loan Disbursement shall be issued concurrently with each Loan Disbursement.

• In the event Lender has not made Loan Disbursements totaling the Maximum Loan Commitment, on the Maturity Date, and prior to any repayment of the Loan in cash, the Lender shall have the right, but not the obligation, to make a final Loan Disbursement in an amount equal to the sum of: (i) the Maximum Loan Commitment, minus (ii) the sum of all Loan Disbursements funded as of the time of conversion such that the Loan is fully-funded.

• Interest shall accrue on the outstanding principal amount of the Loan at a rate per annum equal to Eight Percent (8%) (the “Interest Rate”) from and including the Funding Date of each Loan Disbursement through and including the date such Loan is paid, prepaid or converted in accordance with the terms of this Agreement.

• Subject to the terms and conditions set forth herein, including, without limitation, the Loan Disbursement Conditions, the Lender shall fund each Loan Disbursement requested by the Borrower pursuant to a Borrowing Notice on the Funding Date therefor by causing same-day funds in United States Dollars equal to the principal amount of the Loan that is the subject of the Loan Disbursement to be credited to the requested account, in each case, as designated by the Borrower in the applicable Borrowing Notice.

• Notwithstanding anything to the contrary set forth in this Agreement: (i) the aggregate principal amount of all Loan Disbursements requested by the Borrower under this Agreement shall not exceed the Lender’s Maximum Loan Commitment; and (ii) the Lender’s Maximum Loan Commitment shall be automatically reduced by the principal amount of each Loan Disbursement funded by the Lender.

More Definitions of Loan Disbursement

Loan Disbursement has the meaning specified in Section 2.01(d) of the Loan Agreement.

Loan Disbursement. The Loan Amount shall be disbursed to the Borrower on [Date of Disbursement] through [method of disbursement, e.g., bank transfer].

Loan Disbursement. The funds shall be advanced upon the following: (1) Start of construction of improvements, as evidence by the Borrower obtaining a building permit from the City of Lexington (2) Execution of a Promissory Note and Deed of Trust, to be filed against the housing units being constructed utilizing the loan funds, the form of which are attached to this Agreement as Exhibits A and B. Term: Each loan disbursement shall be for a maximum term of twenty-four (24) months commencing on the date of disbursement of the loan proceeds by the Lender (“Term”). Borrower shall repay the Lender upon the following, whichever comes first-(1) Upon the sale of the housing units secured by the Promissory Note and Deed of Trust. If multiple units are secured, then Borrower may elect to repay the loan pro-rata as the respective units sell, or (2) In any event, at the expiration of the Term, any disbursed loan funds shall reach full maturity and become immediately due and payable in full by Borrower.

Loan Disbursement. Administrator: National Capital Funding, Ltd. This agreement is made for the purpose of providing certain indemnifications to the Loan Disbursement Administrator and Lender, their agents, successors and/or assigns (hereinafter collectively referred to as “Indemnities”).

Loan Disbursement means, for purposes of this Agreement, any disbursement of any portion of the DEG Loan.

Loan Disbursement. A student loan disbursement is the paying out of loan proceeds to me or on my behalf. You will notify me of the disbursements in writing, including the amount of the loan and its expected disbursement date.

Loan Disbursement means a disbursement of Loan Proceeds by Bank to a Borrower or a merchant on behalf of the Borrower.