Subsequent Disbursements definition

Subsequent Disbursements have the respective meanings set forth in Section 2.2(b).
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Subsequent Disbursements are defined in Section 13.5.
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Subsequent Disbursements means, collectively, the Second Disbursement and the Third Disbursement.
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Examples of Subsequent Disbursements in a sentence

  • Disbursement Requests for Subsequent Disbursements to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account.

  • The Sponsor shall sell to the Department Class A Participation Interests in the Purchased Eligible Loan with respect to the initial disbursement and such Subsequent Disbursements.

  • The Sponsor shall provide to or at the direction of the Custodian the funds necessary to make any such Subsequent Disbursements, and the Sponsor, if requested by the Custodian, hereby agrees make such disbursements directly to the applicable educational institution as the delegee of the Custodian.

  • Subsequent Disbursements - student must be meeting the SAP policy for both attendance and grades.

  • To the extent of funds made available by or received from the Sponsor, the Custodian shall make any disbursements that are scheduled and due after the initial disbursement on a Purchased Eligible Loan (each, a “Subsequent Disbursement”), and shall issue to the Sponsor the related Participation Interests in such Subsequent Disbursements.

  • If all of your paperwork has been submitted and processed, financial aid will be disbursed as follows: Subsequent Disbursements – a student must be meeting the SAP policy and must have successfully completed the clock hours in the payment period.

  • The Trustee may assume that the documentation and evidence delivered to it (including under Conditions Precedent for Initial Disbursement and Conditions Precedent for Subsequent Disbursements) is accurate, legally valid, enforceable, correct, true and complete unless it has actual knowledge to the contrary, and the Trustee does not have to verify or assess the contents of any such documentation.

  • Upon the purchase by the Department of additional Class A Participation Interests in Purchased Eligible Loans, the aggregate outstanding principal balance of the Class A Participation Interests evidenced by the Class A Participation Certificate shall be increased by the Purchase Price with respect to each such additional Purchased Eligible Loans, and any Subsequent Disbursements.

  • Subsequent Disbursements – student must be meeting the SAP policy and must have successfully completed the clock ours in the payment period.

  • Notwithstanding the foregoing, this section and this Amendment generally are not intended to prohibit, and shall not prohibit, Subsequent Disbursements under the existing Notes that would otherwise be available and permitted under the Loan Documents prior to the Effective Date.


More Definitions of Subsequent Disbursements

Subsequent Disbursements. The remainder of the Loan Proceeds and Borrower's Funds in the sum aggregate of $13,040,321.30 plus funds not disbursed as provided for in Section I hereof or less any additional funds disbursed as provided for in Section I hereof, shall be disbursed in conformity with the following paragraphs which are indicated by X: /X/ A. On or about the first day of each calendar month following commencement of construction of the Improvements, Contractor shall submit to Borrower or Borrower's Architect, a Certified Invoice showing the estimated cost of labor performed on and materials incorporated into the improvements, a pro-rata portion of the General Contractor's profit and that pro-rata portion of overhead of General Contractor attributable to the construction of the Improvements. The original of such Certified Invoice, certified true and correct by the General Contractor and approved by Borrower or Borrower's Architect, shall be submitted to Bank for payment. Upon verification of the accuracy of the Certified Invoice by Bank inspection of the Property and Improvements, Bank shall disburse to General Contractor, Borrower or Subcontractors, laborers and materialmen (at Bank's option as to whom and the amounts payments are made) 100% of the amount of the respective Approved Certified Invoice but in no event shall the aggregate of such payments exceed the sum of $5,190,480.00 except as provided for by Borrower and accompanied by funds for the payment thereof. The Final Disbursement in the sum of $576,720.00 shall be made upon compliance with the provisions of paragraph 6.3 of the Building Loan Agreement.
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Subsequent Disbursements means First Subsequent Disbursements and/or Second Subsequent Disbursements, as the context may require.
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Related to Subsequent Disbursements

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Borrower Delayed Reimbursements Any Additional Trust Fund Expenses and reimbursements of Advances that the related Mortgagor is required, pursuant to a written modification agreement, to pay in the future to the Trust in its capacity as owner of the related Mortgage Loan.

  • Workout-Delayed Reimbursement Amount has the meaning set forth in subsection (II)(i) of Section 5.2(a).

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Reimbursement Date as defined in Section 2.3.2.

  • Disbursement Period means the period during which Grant Funds may be disbursed.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Reimbursement Amount As defined in Section 2.04.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Reimbursement Amounts As defined in Section 3.22.

  • Disbursement Date is defined in Section 2.6.2.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Disbursement is defined in Section 2.6.2.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).