Advance Not A Waiver. No Advance will constitute a waiver of any condition precedent to any obligation of Lender to make any further Advances or preclude Lender from thereafter declaring the failure of Borrower to satisfy the condition precedent to be an Event of Default.
Appears in 4 contracts
Samples: Construction Loan Agreement (United Development Funding IV), Construction Loan Agreement (United Development Funding IV), Construction Loan Agreement (United Development Funding IV)
Advance Not A Waiver. No Advance will shall constitute a waiver of any condition precedent to any of the conditions of Lender’s obligation of Lender to make further Advances, nor, if Borrower is unable to satisfy any further Advances or condition, shall the Advance preclude Lender from thereafter then declaring the failure of Borrower to satisfy the condition precedent that inability to be an Event of Default.
Appears in 3 contracts
Samples: Construction Loan Agreement, Construction Loan Agreement (CNL Growth Properties, Inc.), Construction Loan Agreement (Global Growth Trust, Inc.)
Advance Not A Waiver. No Advance advance will constitute a waiver of any condition precedent to any obligation of Lender Xxxxxx to make any further Advances advances or preclude Lender Xxxxxx from thereafter declaring the failure of Borrower to satisfy the condition precedent to be an Event a default under the terms of Defaultthis Agreement, unless expressly waived by the Lender in writing.
Appears in 1 contract
