If there is no escrow account:
then the NCE release conditions depend on the project documents (PPM, EB-5 Loan Agreement if applicable, NCE and/or JCE operating agreement if applicable, etc.)
Assuming the draw request conditions are met in the project documents, then a draw request can be submitted on the PRXY portal.
If there is an escrow account:
first, the funds must be released from escrow via a signed Written Direction. The investor(s) documents must be uploaded to PRXY as part of this process.
once the funds are released from the escrow account to the NCE segregated account, the same draw conditions above apply
