Maximum Disbursement Amount definition

Maximum Disbursement Amount shall have the meaning set forth in Section 4.12 hereof.
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Maximum Disbursement Amount means the maximum amount of Actual Cash Disbursements that the Issuer can make during the relevant period of determination in compliance with the Approved Budget Covenant.
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Maximum Disbursement Amount means, in relation to any requested Subsequent Loan, an amount (rounded down to the nearest $100,000 in the case of the first Subsequent Loan, and rounded up to the nearest $100,000 in the case of the second Subsequent Loan) equal to the lesser of (i) 55.8824% of the purchase price (at not more than $20.00 per share) payable under the NHP Stock Purchase Agreement for the shares of NHP Stock proposed to be acquired in part with the proceeds of such Subsequent Loan, (ii) the cash portion proposed to be paid by the Company of the purchase price for such shares of NHP Stock payable pursuant to the NHP Stock Purchase Agreement (the amount of which cash portion shall be calculated based upon a valuation of the portion of the purchase price payable for such shares of NHP Stock in the form of Stock of the REIT at the greater of $26.75 per share or the fair market value thereof, as determined in good faith by the Company, at the time of such payment) and (iii) the remaining unfunded Aggregate Commitment of the Lenders.
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Examples of Maximum Disbursement Amount in a sentence

  • In the event the actual cost of the Improvements exceeds the Maximum Disbursement Amount, Owner shall be solely responsible for the payment of all costs to complete the Improvements described in the Application which exceed the Maximum Disbursement Amount, and Owner agrees in any event to complete the Improvements and to fund all additional costs over the amount of the Maximum Disbursement Amount.

  • Notwithstanding anything to the contrary contained in this Agreement or in any Request for Release of Improvement Funds, the Maximum Disbursement Amount shall not cause the cumulative Advances over the Term exceed the Maximum Loan Amount.

  • That estimate is based on the assumptions set forth in the Exhibit, including the assumption that the Maximum Disbursement Amount has been disbursed to Borrower.

  • The amount of each Month-End Disbursement shall be determined by taking the Maximum Disbursement Amount for the applicable period (as specified on EXHIBIT B), and subtracting from such amount the collections of the Company for that monthly period, as certified by the Chief Executive or Chief Financial Officer of the Company.

  • It is assumed that the Property Owner will elect to pay the Annual Installment of the PACE Special Charges with ten (10) installments as allowed by Section 74.87(3), Wisconsin Statutes and interest is added to the Maximum Disbursement Amount for this time period each year of the Special Charge.

  • This Agreement shall commence upon the Effective Date listed on the signature page and shall terminate upon the earlier of: (A) the full-payment of the Incentives by CITY and/or TIRZ to DEVELOPER in the amount ofthe Maximum Disbursement Amount, as defined below; (B) August 1, 2027; or (C) termination of this Agreement as otherwise provided herein (the "Term").

  • The total amount of disbursements for any given monthly period shall not exceed the Maximum Disbursement Amount for the applicable period as provided on EXHIBIT B.

  • The Lender disburses the Maximum Disbursement Amount to Property Owner.

  • In no case shall grant disbursements made to DEVELOPER under this Agreement exceed the Maximum Disbursement Amount.

  • The amounts set forth on Exhibit B are based on the assumption that the County disburses the Maximum Disbursement Amount to Owner on the first Business Day (being a day the County is open for business (“Business Day”)) of the month following the month in which this Contract is executed by the County.


More Definitions of Maximum Disbursement Amount

Maximum Disbursement Amount shall have the meaning set forth in Section 6(a) hereof. “Note” shall have the meaning given such term in the Loan Agreement.
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Maximum Disbursement Amount. Sixty-One Million One Thousand One Hundred Eighty-Nine Dollars ($61,001,189).
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Maximum Disbursement Amount as defined in Section 8.6(b) hereof.  Maximum Loan Amount: $96,600,000.  Minimum Cumulative Semi-Annual Payments: as defined in Section 2.8(d) hereof. 
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Related to Maximum Disbursement Amount

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Maximum Drawing Amount means at the time in question the sum of the maximum amounts which LC Issuer might then or thereafter be called upon to advance under all Letters of Credit which are then outstanding.

  • Maximum Swingline Amount means $5,000,000.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.