Advances Do Not Constitute a Waiver. No advance of Loan proceeds hereunder shall constitute a waiver of any of the conditions of the City's obligation to make further advances nor, in the event the Borrower is unable to satisfy any such condition, shall any such advance have the effect of precluding the City from thereafter declaring such inability to be an Event of Default hereunder.
Appears in 31 contracts
Samples: Construction/Permanent Second Deed of Trust Loan Agreement, Home Construction/Permanent Loan Agreement, Construction/Permanent Second Deed of Trust Loan Agreement
Advances Do Not Constitute a Waiver. No advance of Loan proceeds hereunder shall constitute a waiver of any of the conditions of the City's ’s obligation to make further advances nor, in the event the Borrower is unable to satisfy any such condition, shall any such advance have the effect of precluding the City from thereafter declaring such inability to be an Event of Default hereunder.
Appears in 2 contracts
Samples: Forgivable Loan Agreement, Forgivable Loan Agreement
