Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of Lenders' obligation to make further Advances nor, in the event Borrower is unable to satisfy any such condition, shall any Advance have the effect of precluding Agent from thereafter declaring such inability to be an Event of Default hereunder.
Appears in 3 contracts
Samples: Project Loan Agreement (Alexanders Inc), Supplemental Loan Agreement (Alexanders Inc), Building Loan Agreement (Alexanders Inc)
Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of the Lenders' ’ obligation to make further Advances nor, in the event the Borrower is unable to satisfy any such condition, shall any Advance have the effect of precluding the Agent from thereafter declaring such inability to be an Event of Default hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Prime Group Realty Trust), Mezzanine Construction Loan Agreement (Prime Group Realty Trust)
Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of Lenders' ’ obligation to make further Advances nor, in the event Borrower is unable to satisfy any such condition, shall any Advance have the effect of precluding Agent from thereafter declaring such inability to be an a Default or Event of Default hereunder.
Appears in 2 contracts
Samples: Building Loan Agreement (New York Times Co), Project Loan Agreement (New York Times Co)
Advances Do Not Constitute a Waiver. No Advance made by Agent and Lenders shall constitute a waiver of any of the conditions of to the Lenders' obligation to make further Advances nor, in the event Borrower is unable fails to satisfy any such condition, shall any such Advance have the effect of precluding Agent and Lenders from thereafter declaring such inability failure to satisfy a condition to be an Event of Default hereunderDefault.
Appears in 2 contracts
Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc), Revolving Credit Construction Loan Agreement (Wci Communities Inc)
Advances Do Not Constitute a Waiver. No Advance made by Agent and Lenders shall constitute a waiver of any of the conditions of to the Lenders' ’ obligation to make further Advances nor, in the event Borrower is unable fails to satisfy any such condition, shall any such Advance have the effect of precluding Agent and Lenders from thereafter declaring such inability failure to satisfy a condition to be an Event of Default hereunderDefault.
Appears in 1 contract
Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc)
Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of the Lenders' obligation to make further Advances nor, in the event Borrower is the Borrowers are unable to satisfy any such condition, shall any Advance have the effect of precluding Agent from thereafter declaring such inability to be an Event of Default hereunder.
Appears in 1 contract
Samples: Revolving Credit Agreement (Shelbourne Properties Ii Inc)
Advances Do Not Constitute a Waiver. No Advance made by Agent or Lenders shall constitute a waiver of any of the conditions of to Lenders' ’ obligation to make further Advances nor any of the terms and conditions of this Agreement, nor, in the event Borrower is unable fails to satisfy any such condition, shall any such Advance have the effect of precluding Agent from thereafter declaring such inability failure to satisfy a condition to be an Event of Default hereunderDefault.
Appears in 1 contract
Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)
Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of Lenders' obligation to make further Advances nor, in the event Borrower is unable to satisfy any such condition, shall any Advance have the effect of precluding Agent from thereafter declaring such inability to be an Event of Default hereunder.. 2.10.9
Appears in 1 contract
Samples: Project Loan Agreement
