Undisbursed Funds definition

Undisbursed Funds means the Total Funds less any amounts already paid to the Recipient under this Funding Agreement. Unused Proportion the proportion that the sum of the unused Recipient Contributions and Other Contributions represents when compared to the total Recipient Contributions and Other Contributions. Update Period the period of six months commencing on the Commencement Date and each six month period thereafter occurring partly or wholly during the Term. Visitors has the meaning given in clause 15.1(q)(1). Warranty a representation and warranty in clause 13. WHS Laws all applicable Law relating to work health and safety and electrical safety, and includes (without limitation): 1 Work Health and Safety ▇▇▇ ▇▇▇▇ (Cth); 2 Work Health and Safety Regulations 2011 (Cth); and 3 Work Health and Safety ▇▇▇ ▇▇▇▇ (NSW) and associated regulations, as enacted or amended from time to time.

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Undisbursed Funds means the Total Funds less any amounts already paid to the Recipient under this Funding Agreement. Unused Proportion the proportion that the sum of the unused Recipient Contributions and Other Contributions represents when compared to the total Recipient Contributions and Other Contributions. Update Period the period of six months commencing on the Commencement Date and each six month period thereafter occurring partly or wholly during the Term.

Undisbursed Funds means the Total Funds specified in item 2.1 of Schedule 1 less any amounts already paid to the Recipient under this agreement. Update Period the period of six months commencing on the Commencement Date and each six month period thereafter occurring partly or wholly during the Term. Visitors has the meaning given to that term in clause 14.1(p)(1). Warranty a representation and warranty in clause 12. WHS Law all applicable Law relating to work health and safety and electrical safety, and includes: 1 Work Health and Safety Act 2011 (Cth); 2 Work Health and Safety Regulations 2011 (Cth); and 3 Work Health and Safety Act 2011 (NSW) and associated regulations, as enacted or amended from time to time.

Examples of Undisbursed Funds in a sentence

• Please disburse the loan proceeds as follows: Revolving Line -------------- Amount paid to Borrower directly: $ -------- Undisbursed Funds $ -------- Principal $ -------- CHARGES PAID IN CASH.

• Please disburse the loan proceeds as follows: Amount paid to Borrower directly: $______ Undisbursed Funds $______ Principal $______ CHARGES PAID IN CASH.

• This Agreement shall bind and enure to the benefit of the parties hereto, their heirs, testamentary executors, tutors, curators and other mandataries, and, to the extent permitted herein, it shall bind their successors and assigns.

• The Department may, in its sole discretion, pay to the Recipient or deposit into the Bank Account or Segregated Bank Account some or all of the Undisbursed Funds before the time otherwise specified for payment in this clause 6.

• Please disburse the loan proceeds of $3,000,000.00 as follows: Undisbursed Funds: $2,985,000.00 Other Charges Financed: $ 15,000.00 $15,000.00 Loan Documentation Fee ------------- Note Principal: $3,000,000.00 FINANCIAL CONDITION.

• Please disburse the loan proceeds as follows: Revolving Line -------------- Amount paid to Borrower directly: $________ Undisbursed Funds $________ Principal $________ CHARGES PAID IN CASH.

• Please disburse the loan proceeds as follows: Equipment Line -------------- Amount paid to Borrower directly $_____ Undisbursed Funds $_____ Principal $_____ CHARGES PAID IN CASH.

• The Department may, in its sole discretion, pay the Recipient some or all of the Undisbursed Funds before the time otherwise specified for payment in this clause 5.

• Please disburse the loan proceeds of $1,500,000.00 as follows: Undisbursed Funds: $1,054,187.61 Amount paid to others on Borrower's behalf: $ 445,812.39 $445,812.39 Payment on Loan #EXTEND 4000928 ------------- Note Principal: $1,500,000.00 FINANCIAL CONDITION.

• NO CASH ADVANCES Undisbursed Funds: $47,000.00 Amount paid on Borrower's account $203,000.00 $203,000.00 Payment on Loan # 46341 LINE BALANCE ----------- NOTE PRINCIPAL: $250,000.00 AUTOMATIC PAYMENTS.

More Definitions of Undisbursed Funds

Undisbursed Funds. $100,000.00 Note Principal: $100,000.00 CHARGES PAID IN CASH. Borrower has paid or will pay in cash as agreed the following charges: Prepaid Finance Charges Paid in Cash: $0.00 Other Charges Paid in Cash: $500.00 $500.00 LOAN FEES ________________ Total Charges Paid in Cash: $500.00 AUTOMATIC PAYMENTS. Borrower hereby authorizes Lender automatically to deduct from Borrower's account numbered 10402011343 the amount of any loan payment. If the funds in the account are insufficient to cover any payment, Lender shall not be obligated to advance the funds to cover the payment. At any time and for any reason, Borrower or Lender may voluntarily terminate Automatic Payments.

Undisbursed Funds. $4,596,189.85 Amount paid to others on ▇▇▇▇▇▇▇▇'s behalf: $1,403,810.15 $1,403,810.15 Renewal of Loan No. 4295542-273 Other Charges Financed: $0.00 ------------- Note Principal: $6,000,000.00 CHARGES PAID IN CASH. ▇▇▇▇▇▇▇▇ has paid or will pay in cash as agreed the following charges: Prepaid Finance Charges Paid in Cash: $0.00 Other Charges Paid in Cash: $10,175.00 $10,000.00 Loan Origination Fee $175.00 Closing Agent Fee ------------- Total Charges Paid in Cash: $10,175.00 AUTHORIZATION TO DEBIT ACCOUNT FOR CLOSING COSTS. An exhibit, titled "AUTHORIZATION TO DEBIT ACCOUNT FOR CLOSING COSTS," is attached to this Authorization and by this reference is made a part of this Authorization just as if all the provisions, terms and conditions of the Exhibit had been fully set forth in this Authorization.

Undisbursed Funds. $ 1,000,000.00 Amount paid to others on Borrower’s behalf: $1,000,000.00 to Sub-limit (Standby Letter of Credit) $ 1,000,000.00 Note Principal: $ 2,000,000.00 CHARGES PAID IN CASH. Borrower has paid or will pay in cash as agreed the following charges: Prepaid Finance Charges Paid in Cash: $3,750.00 LOAN FEE ($1,250.00 has been collected) $ 3,750.00 Other Charges Paid in Cash: $50.00 UCC MONITORING FEE $ 50.00 Total Charges Paid in Cash: $ 3,800.00

Undisbursed Funds. $1,000,000.00 Amount paid on Borrower's account: 0.00 ---------------------- Note Principal: $1,000,000.00 CHARGES PAID IN CASH. Borrower has paid or will pay in cash as agreed the following charges: Prepaid Finance Charges Paid in Cash: $1,500.00 $1,500.00 Loan Fees ----------------- Total Charges Paid in Cash: $1,500.00 FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZED, BORROWER REPRESENTS AND WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO LENDER. THIS AUTHORIZATION IS DATED JULY 18, 1996. BORROWER: ASPEC TECHNOLOGY, INC. By: \c\ Jai ▇. ▇▇▇▇ --------------------------------------- JAI ▇. ▇▇▇▇, ▇▇IEF FINANCIAL OFFICER CERTIFIED TO AND ATTESTED BY: X \c\ Jai ▇. ▇▇▇▇ ----------------------------------

Undisbursed Funds. $1,253,000.00 Amount paid on Borrower's account: $1,747,000.00 $1,747,000.00 Payment on Loan # (Renew)0108143855 ------------- Note Principal: $3,000,000.00 CHARGES PAID IN CASH. Borrower has paid or will pay in cash as agreed the following charges: Prepaid Finance Charges Paid in Cash: $11,875.00 $11,875.00 Loan Fees ------------- Total Charges Paid in Cash: $11,875.00 AUTOMATIC PAYMENTS. Borrower hereby authorizes Lender automatically to deduct from Borrower's account numbered 0108143801 the amount of any loan payment. If the funds in the account are insufficient to cover any payment, Lender shall not be obligated to advance funds to cover the payment. At any time and for any reason, Borrower or Lender may voluntarily terminate Automatic Payments.

Undisbursed Funds. $1,979,850.00 Amount paid to others on Borrower"s behalf. $1,000,000.00 $1,000,000.00 RENEW LOAN #7057008-9003 Told Financed Prepaid Finance Charges: $ 20,150.00 $20,000-00 Loan Few $150.00 Documentation Fee ------------- Note Principal: $3,000,000.00 FINAL AGREEMENT. Borrower understands that the loan documents signed in connection with this loan are the final expression of the agreement between Lender and Borrower and may not be contradicted by evidence of any alleged oral agreement DISBURSEMENT AUTHORIZATION. BORROWER HEREBY AUTHORizES LENDER TO DISBURSE ANY FUNDS PURSUANT TO FACSIMILE WIRE INSTRUCTIONS WHICH BEAR THE SIGNATURE OF ANY AUTHORIZED SIGNER. ALLOCATION OF PROCEEDS. THE PROCEEDS OF THIS LOAN WILL BE USED TO RENEW AN OUTSTANDING REVOLVING LINE OF CREDIT. THE CURRENT OUTSTANDING BALANCE AND THE AMOUNT AVAILABLE ARE DESCRIBED ABOVE IN THE SECTION ENTITLED AMOUNT PAID TO OTHERS ON BORROWER'S BEHALF. FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER"S FINANCIAL CONDITION AS DISCLOSED IN BORROWER"S MOST RECENT FINANCIAL STATEMENT TO LENDER. THIS AUTHORIZATION IS DATED JANUARY 6, 1998. BORROWER: 1-800 CONTACTS, INC. By: /s/ Jona▇▇▇▇ ▇. ▇▇▇▇ By: /s/ John ▇. ▇▇▇▇▇▇▇ -------------------------------- ---------------------------- JONA▇▇▇▇ ▇. ▇▇▇▇, ▇▇ESIDENT JOHN ▇▇▇▇▇▇▇, ▇▇CE PRESENT