Common use of Requisition Procedure Clause in Contracts

Requisition Procedure. No disbursement from the Escrow Account shall be made unless and until Lessor has approved such requisition. Prior to disbursement from the Escrow Account there shall be filed with the Escrow Agent a requisition for such payment in the form of Disbursement Request attached hereto as Schedule I, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due and the manner of disbursement (check or wire). Each such requisition shall be signed by an authorized representative of ▇▇▇▇▇▇ (an “Authorized Representative”) and by ▇▇▇▇▇▇, and shall be subject to the following conditions, which Escrow Agent shall conclusively presume have been satisfied at such time as a requisition executed by ▇▇▇▇▇▇ and Lessor is delivered to it: 1. Delivery to Lessor of an executed Disbursement Request in the form attached hereto as Schedule I; and 2. Delivery to Lessor true and correct copies of invoices (and proofs of payment of such invoices, if ▇▇▇▇▇▇ seeks reimbursement) and bills of sale (if title to such Equipment has passed to Lessee) therefor as required by Section 1.3 of the Lease and any additional documentation reasonably requested by Lessor. ▇▇▇▇▇▇ and Lessor agree that their execution of the form attached hereto as Schedule I and delivery of the executed form to Escrow Agent confirms that all of the requirements and conditions with respect to disbursements set forth in this Section 2 have been satisfied.

Requisition Procedure. No disbursement from the Escrow Account shall be made unless and until Lessor has approved such requisition. Prior to disbursement from the Escrow Account there shall be filed with the Escrow Agent a requisition for such payment in the form of Disbursement Request attached hereto as Schedule I1, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due and the manner of disbursement (check or wire). Each such requisition shall be signed by an authorized representative of ▇▇▇▇▇▇ (an “Authorized Representative”) and by ▇▇▇▇▇▇, and shall be subject to the following conditions, which Escrow Agent shall conclusively presume have been satisfied at such time as a requisition executed by ▇▇▇▇▇▇ and Lessor is delivered to it: 1. Delivery to Lessor of an executed Disbursement Request in the form attached hereto as Schedule I1; and 2. Delivery to Lessor true and correct copies of invoices (and proofs of payment of such invoices, if ▇▇▇▇▇▇ seeks reimbursement) and bills of sale (if title to such Equipment has passed to Lessee) therefor as required by Section 1.3 of the Lease and any additional documentation reasonably requested by Lessor. ▇▇▇▇▇▇ and Lessor agree that their execution of the form attached hereto as Schedule I and delivery of the executed form to Escrow Agent confirms that all of the requirements and conditions with respect to disbursements set forth in this Section 2 have been satisfied.