Example ContractsClausesDisbursement of Advance Proceeds
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All Advances shall be disbursed from whichever office or other place [[Organization B:Organization]] may designate from time to time and, together with any and all other Obligations of [[Organization A:Organization]] to [[Organization B:Organization]] or Lenders, shall be charged to [[Organization A:Organization]]' Account on [[Organization B:Organization]]'s books. During the Term, [[Organization A:Organization]]

Full Disbursement of Proceeds. The Mortgage Loan has been closed and, except with respect to, HECM Loans, Homestyle Renovation Mortgage Loans or HomePath Renovation Mortgage Loans, the proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on site or off site improvement and as to disbursements of any escrow funds therefor have been complied with. With respect to HomeStyle Renovation Mortgage Loans and HomePath Renovation Mortgage Loans, [[Organization C:Organization]] has made all advances and disbursements in accordance with the terms of the Mortgage and/or the terms and conditions of the related

Advance. During the Term of this Agreement, Manager shall make advances to Provider which Manager, in the exercise of its sole discretion, deems necessary for the payment of Provider Expenses and the Management Fee, and Manager shall be repaid such advances, without interest, at such time as there are sufficient funds for repayment.

Disbursement. On the Closing Date, assuming all of the terms and conditions set forth in Section 3.2 have been satisfied by the Company and the Company has executed and delivered to each of the this Agreement and any other related documents in form and substance reasonably satisfactory to the , each Purchaser shall disburse to the Company in immediately available funds the Subordinated Note Amount set forth on each Purchaser’s respective signature page hereto in exchange for an electronic securities entitlement through the facilities of DTC in accordance with the Applicable Procedures in the Subordinated Note with a principal amount equal to such Subordinated Note Amount (the “Disbursement”). The Company will deliver to the Paying Agent a global certificate representing the Subordinated Notes (the “Global Note”) registered in the name of Cede & Co., as nominee for DTC.

Form of Advance for the disbursement of each Advance;

Advance Request. shall submit an Advance Request in accordance with [Section 2.17(d)], provided that in no event shall submit an Advance Request more than once in any thirty (30) day period (and, for the avoidance of doubt, each Advance Request shall contain a request for all items requested by for such thirty (30) day period).

Interest Advance. A portion of the Loan specified in the Project Budget (the “Interest Advance”) has been reserved for payments of interest as it accrues and becomes due and payable on the Loan. The Interest Advance shall not be disbursed for any purpose other than the payment of interest on the Loan unless otherwise agreed to by in its sole and absolute discretion. Subject to the provisions of [Section 2.20(b)], shall advance portions of the Interest Advance directly to itself to satisfy obligations for the payment of interest under the Note from time to time as the same become due and payable.

Advance Requests. [[Organization A:Organization]] may request that [[Organization B:Organization]] make an Advance by delivering to [[Organization B:Organization]] an Advance Request therefor and [[Organization B:Organization]] shall be entitled to rely on all the information provided by [[Organization A:Organization]] to [[Organization B:Organization]] on or with the Advance Request. The [[Organization B:Organization]] may honor Advance Requests, instructions or repayments given by the [[Organization A:Organization]] (if an individual) or by any Authorized Person.

Use of Proceeds. The Company shall use the net proceeds from the sale of Subordinated Notes for general corporate purposes and the repayment of Indebtedness.

Use the proceeds of the Credit Extensions # to finance working capital and capital expenditures and # for other general corporate purposes, provided that in no event shall the proceeds of the Credit Extensions be used in contravention of any Requirement of Law or of any Credit Document.

Use of Proceeds. shall use the proceeds of the Loan to # pay or reimburse itself for Building Loan Costs actually incurred in connection with the construction of the Improvements if and to the extent that such Building Loan Costs are reflected in the Project Budget, subject to reallocation pursuant to [[Sections 2.11 and 2.14]4]]4] (or other reallocations approved by in the exercise of its commercially reasonable discretion).

Use of Proceeds. Co-Borrower shall use the proceeds of the Credit Extensions solely as working capital and to fund its general business requirements and not for personal, family, household or agricultural purposes.

Remittance of Proceeds. Except as otherwise provided in [Section 6.3(c)], deliver, in kind, all proceeds arising from the disposition of any Collateral to Bank in the original form in which received by Co-Borrowers not later than the following Business Day after receipt by Co-Borrowers, to be applied to the Obligations # prior to an Event of Default, pursuant to the terms of [Section 6.3(c)] hereof, and # after the occurrence and during the continuance of an Event of Default, pursuant to the terms of [Section 9.4] hereof; provided that, if no Event of Default has occurred and is continuing, Co-Borrowers shall not be obligated to remit to Bank the proceeds of the sale of worn out or obsolete Equipment disposed of by Co-Borrowers in good faith in an arm’s length transaction for an aggregate purchase price of or less (for all such transactions in any fiscal year). Each Co-Borrower agrees that it will not commingle proceeds of Collateral with any of Co-Borrower’s other funds or property, but will hold such proceeds separate and apart from such other funds and property and in an express trust for Bank. Nothing in this [Section 6.4] limits the restrictions on disposition of Collateral set forth elsewhere in this Agreement.

Use of Proceeds. The proceeds of the Loans shall be used for general domestic corporate purposes. Borrower agrees it shall not Transfer any proceeds of the Loans or make any Investment with proceeds of the Loans to a Subsidiary that is not organized under the laws of the United States.

# may use the proceeds of Revolving Advances to # pay fees and expenses payable under this Agreement or any of the Other Documents to the and Lenders, # provide for ' working capital needs and reimburse drawings under Letters of Credit, # to repay the obligations under the DIP Credit Agreement and certain other existing indebtedness and # provide for ' capital expenditure needs, in accordance with the terms and conditions contained herein.

Use of Proceeds. Borrower will exclusively use all proceeds of # the Repurchase Term Loan to fund the Transaction, including to pay the fees and expenses incurred in connection with the Transaction; provided, that a de minimus use of Repurchase Term Loan proceeds for working capital needs and for other general corporate purposes of Borrower and its Subsidiaries will not be a breach of this [Section 8.11], # the Delayed Draw-Down Term Loan to fund Permitted Share Repurchases or Permitted Acquisitions (in the case of Permitted Acquisitions, up to the aggregate amount permitted under this Agreement), and # Revolving Loans for the working capital and general corporate purposes of Borrower and its Subsidiaries, including to pay the fees and expenses incurred in connection with the Transaction.

Use of Proceeds. Borrower will not request any Borrowing, and Borrower shall not directly, or, to its knowledge, indirectly use the proceeds of any Borrowing or # in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, # for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, # in any manner that would result in the violation of any Sanctions applicable to any party hereto or # in violation of [Section 7.08].

Application of Proceeds. Notwithstanding anything to the contrary contained in this Agreement, upon the occurrence and during the continuance of an Event of Default, Borrower irrevocably waives the right to direct the application of any and all payments received by Lender from or on behalf of Borrower or any guarantor during the continuance of such Event of Default against all of any part of the Obligations, and Lender shall have the continuing and exclusive right to apply and to reapply any and all payments received against the Obligations in such manner as the Lender may deem advisable notwithstanding any previous application by the Lender.

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