Common use of Deferment of disbursement Clause in Contracts

Deferment of disbursement. 1.5.A Grounds for deferment (a) whether the Borrower would like to defer the disbursement in whole or in part and if in part, the amount to be deferred; and (b) the date until which the Borrower would like to defer a disbursement of the above amount (the “Requested Deferred Disbursement Date”), which must be a date falling not later than: (i) 6 (six) months from its Scheduled Disbursement Date; (ii) 30 (thirty) days prior to the first Repayment Date; and (iii) the Final Availability Date. Upon receipt of such a written request, the Bank shall defer the disbursement of the relevant amount until the Requested Deferred Disbursement Date.