Additional Disbursement Clause Samples

Additional Disbursement. Prior to additional disbursement under the Grant, or to the issuance by USAID of documentation pursuant to which additional disbursement will be made, the Grantee will, unless waived in writing by USAID, furnish to USAID, in form and substance satisfactory to USAID: [Insert conditions precedent to additional disbursement.]
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Additional Disbursement. Prior to additional disbursement under the Agreement, or to the issuance by USAID of documentation pursuant to which additional disbursement will be made, the Recipient will, unless waived in writing by USAID, furnish to USAID, in form and substance satisfactory to USAID:
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Additional Disbursement. (a) Lender may agree, from time to time with respect to certain Collateral Properties to advance to Borrower an amount which is less than the principal amount of the Loan secured by such Collateral Properties. In that event, Lender shall prepare a SCHEDULE 2.13 to this Agreement which shall become a part hereof and set forth the additional disbursements which Lender shall make to Borrower with respect to the Collateral Properties identified on such Schedule (the "Additional Disbursement") subject to the terms of this Section 2.13. (b) Upon and with a request by Borrower for an Additional Disbursement, Borrower shall provide evidence in all respects satisfactory to Lender that: (i) additional rentals which support the Additional Disbursement are derived from leases under which the lease term has commenced; (ii) the lessees or tenants under such leases are acceptable to Lender; (iii) assuming the Additional Disbursement, the requirements set forth in Sections 7.01 and 7.03 hereof are met; and, (iv) no Event of Default has occurred or is continuing. (c) Lender shall make no more than two Additional Disbursements with respect to the Collateral Properties identified on any SCHEDULE 2.13 hereto. Borrower's right to request such Additional Disbursements shall terminate 180 days from the Borrowing Date set forth on the applicable SCHEDULE 2.13. No Additional Disbursement shall be made by Lender in an amount less than One Hundred Thousand ($100,000.00) Dollars.
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Related to Additional Disbursement

  • Single Disbursement to Borrower Borrower shall receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed.

  • Loan Commitment Disbursement to Borrower Except as expressly and specifically set forth herein, Lender has no obligation or other commitment to loan any funds to Borrower or otherwise make disbursements to Borrower. Borrower hereby waives any right Borrower may have to make any claim to the contrary.

  • Notice of Borrowing and Disbursement The Swingline Lender will make Swingline Loans available to the Borrower on any Business Day upon request made by the Borrower not later than 2:00 P.M. (Charlotte, North Carolina time) on such Business Day. A notice of request for Swingline Loan borrowing shall be made in the form of Schedule 2.1(b)(i) with appropriate modifications. Swingline Loan borrowings hereunder shall be made in minimum amounts of $100,000 and in integral amounts of $100,000 in excess thereof.

  • Disbursement of the Loan ● Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. ● Disbursements may be made in increments as needed. ● Other conditions may be imposed by SBA pursuant to general requirements of SBA. ● Disbursement may be withheld if, in SBA’s sole discretion, there has been an adverse change in Borrower’s financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. SBA Loan #9602737402 Application #3300498906 ● NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. ● This Loan Authorization and Agreement will be binding upon B▇▇▇▇▇▇▇ and B▇▇▇▇▇▇▇’s successors and assigns and will inure to the benefit of SBA and its successors and assigns.

  • Determination to Honor Drawing Request In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, Agent shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit and that any other drawing condition appearing on the face of such Letter of Credit has been satisfied in the manner so set forth.