Form of Disbursement Clause Samples

The "Form of Disbursement" clause defines the method and manner in which funds or payments are to be released under an agreement. Typically, this clause specifies whether disbursements will be made by wire transfer, check, or another payment method, and may outline the required documentation or conditions that must be met before funds are released. Its core practical function is to ensure clarity and consistency in the payment process, reducing the risk of disputes or delays related to how and when funds are provided.
Form of Disbursement. To be drawn in tranches / according to the attached schedule
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Form of Disbursement. County loan funds will be disbursed in the form of a check. Said check will be issued to providers on the Borrower’s behalf. County will disburse all funds.
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Form of Disbursement. Except as provided in §5(a) of this Agreement, if cash is held in the Escrow Account, a Party entitled to a disbursement may elect to receive the disbursement either in the form of (x) Alpha Shares (valued in the manner set forth in the applicable section of this Agreement) or (y) cash equal to the number of Alpha Shares required to be disbursed multiplied by the Closing Price as of the applicable date of determination, assuming in either case that there are sufficient Alpha Shares or cash in the Escrow Account to facilitate such request. If cash is disbursed from the Escrow Account with respect to a Claim for Indemnification of an Alpha Party, such cash shall be disbursed to the Alpha Party suffering such Adverse Consequences as may be specified by the Alpha Parties in writing to the Escrow Agent.
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Form of Disbursement. The value agreed between the parties will be disbursed as follows: 1. First transfer: 4560 CHF when signing the agreement. 2. Second transfer: – 1140 CHF when the abovementioned activities are fulfilled
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Related to Form of Disbursement

  • Disbursement Procedure Subject to compliance by the Contracting Party with all the terms, provisions and conditions of this Agreement, including, but not limited to, the conditions precedent set forth within Sections 3, 4 and 5 hereof, the Board will cause its Depository to disburse sums to the Contracting Party, or to the appropriate payee, for the purpose of paying Costs of Construction items specified in the Approved Budget, in accordance with the following procedures:

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent: 7.2.1 Agency has received sufficient funding, appropriations, expenditure limitation, allotments or other necessary expenditure authorizations to allow Agency, in the exercise of its reasonable administrative discretion, to make the disbursement from the Funding Source; 7.2.2 No default as described in Section 15 has occurred; and 7.2.3 Grantee’s representations and warranties set forth in Section 8 are true and correct on the date of disbursement(s) with the same effect as though made on the date of disbursement.