"Construction Loan Agreements and Variations" is a American Lawyer Media form. This form is to be used as a construction loan agreement.
Colorado Construction Loan Agreements and Variations
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State:
Multi-State
Control #:
US-CLA198
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Word;
PDF;
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FAQ
What Is Disbursement? Disbursement means paying out money from a fund. The term disbursement may be used to describe money paid into a business' operating budget, the delivery of a loan amount to a borrower, or the payment of a dividend to shareholders.
A disbursement is the payment of federal student aid funds to the student by the school. Students generally receive their federal student aid in two or more disbursements.
There are 10 basic provisions that should be in a loan agreement. Identity of the parties. The names of the lender and borrower need to be stated. ... Date of the agreement. ... Interest rate. ... Repayment terms. ... Default provisions. ... Signatures. ... Choice of law. ... Severability.
Construction disbursing is the process of incrementally paying contractors, sub-contractors and material suppliers to minimize the risk of a contractor filing a lien on the property for non-payment of any amounts due.
When a company pays in cash or cash equivalents, it makes a disbursement. The payments made by an attorney for its clients to third parties for court, investigation reports, and medical care are examples of disbursements.
Understanding the Important Clauses in a Loan Agreement #1: Fluctuation Of Interest Rates Clause: ... #2: 'Default' Definition Clause: ... #3: Security Cover Clause: ... #4: Disbursement Clause: ... #5: Force Majeure Clause: ... #6: Reset Clause: ... #7: Prepayment Clause: ... #8: Other Balances Set Off Clause:
The term disbursement covers the payment process for advances, prepayments, purchases, services, reimbursements, refunds, and other expenditures to vendors, employees, and students.
Categorizing loan agreements by type of facility usually results in two primary categories: term loans, which are repaid in set installments over the term, or. revolving loans (or overdrafts) where up to a maximum amount can be withdrawn at any time, and interest is paid from month to month on the drawn amount.