Details of Disbursement. The Loan may be disbursed in one or more than one installment over a period to be decided by the Lender with reference to the availability of the Loan for the Purpose (which decision shall be final and binding on the Borrower). The Borrower hereby acknowledges the receipt of the Loan/ installment disbursed as indicated in the receipt annexed herein and agrees to acknowledge the receipt of the Loan against future disbursement, if any.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement