Requested Disbursement Date definition
Examples of Requested Disbursement Date in a sentence
Not later than seven (7) days (or the next succeeding Business Day if such seventh (7th) day is not a Business Day) prior to the Requested Disbursement Date, Borrowers shall deliver to Lender, for deposit into the Construction Loan Reserve Account, funds in the amount of the requested Construction Loan Advance.
LNG HOLDINGS (FLORIDA) LLC, a Delaware limited liability company, as Borrower By: Name: Title: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ SENIOR FUNDING, INC., as Administrative Agent By: Name: Title: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ SENIOR FUNDING, INC., as Depositary Agent By: Name: Title: Exhibit A to the Security Deposit Agreement Date: _________, ____ Requested Disbursement Date: __________, ____ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Senior Funding, Inc.
B-1 Re: Disbursement Request No. [ ] (the “Borrower’s Disbursement Request”), under Amended and Restated Disbursement Agreement dated as of December 20, 2012 (the “Disbursement Agreement”) of Revel AC, Inc., a Delaware corporation (the “Borrower”) Disbursement Request of $[ ] Requested Disbursement Date: [ ], 201[ ] Ladies and Gentlemen: ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇, Inc.
The Requested Disbursement Date specified in the Loan Application shall be a Business Day within the Commitment Period (Tranche A/B/C).
At least twenty (20) Business Days prior to the Requested Disbursement Date, the Borrower may request a Disbursement by electronically delivering or Uploading a duly completed and executed Request for Reimbursement to the Documentation Agent with all Credit Agreement Required Documents attached, for Documentation Agent to review and provide to EXIM Bank pursuant to the terms of the Documentation Agent Agreement.
If the Requested Disbursement Date is not a Business Day, the Disbursement will be made on the earlier of (A) the next Business Day or (B) the Final Disbursement Date.
On the Business Day immediately prior to a Requested Disbursement Date, the Borrower shall direct the Collateral Agent pursuant to a duly delivered Withdrawal Certificate to direct the Securities Intermediary to withdraw from the Contingent Support Account the amount specified as being the Contingent Support Contribution due to be made in connection with such Notice of Disbursement and transfer such Contingent Support Contribution to the Loan Proceeds Account.
As used in this Section 11.2.3.5, the 'Requested Disbursement Date' with respect to a particular Disbursement Notice means the date set forth in the Disbursement Notice for disbursement of funds from the Post-Closing Reserve.
Upon receipt of the Disbursement Request by the Lenders, the Lenders shall verify compliance of the conditions precedent set forth in Section 4.01 of this Agreement within one Business Day following the date of notification of the respective Disbursement Request and up to 2 Business Days immediately preceding the Requested Disbursement Date.
Provided that the conditions to making or authorizing a Disbursement set forth in Section 2.8 are satisfied, then, on the Requested Disbursement Date, Lender shall authorize Escrow Agent to authorize a Disbursement, in an amount equal in the aggregate to the Total Requested Amount set forth in the applicable Disbursement Request; provided, however Lender shall not be responsible if Escrow Agent shall not authorize or cause such Disbursement in whole or in part.