Advances Do Not Constitute a Waiver. No advance of loan proceeds hereunder shall constitute a waiver of any of the conditions of Lender's obligation to make further advances nor, in the event Borrower is unable to satisfy any such condition, shall any such waiver have the effect of precluding Lender from thereafter declaring such inability to be an event of default under Article 6 hereof.
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Samples: Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp), Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp)
Advances Do Not Constitute a Waiver. No advance of loan Loan proceeds hereunder shall constitute a waiver of any of the conditions of Lender's Lenders’ obligation to make further advances nor, in the event Borrower is unable to satisfy any such condition, shall any such waiver advance have the effect of precluding Lender Administrative Agent from thereafter declaring such inability to be an event Event of default under Article 6 hereofDefault hereunder to the extent that the failure to satisfy such condition constitutes an Event of Default.
Appears in 2 contracts
Samples: Loan Agreement (Bluerock Residential Growth REIT, Inc.), Loan Agreement (Bluerock Residential Growth REIT, Inc.)
Advances Do Not Constitute a Waiver. No advance of loan Loan proceeds hereunder shall constitute a waiver of any of the conditions of Lender's ’s obligation to make further advances nor, in the event Borrower is unable to satisfy any such condition, shall any such waiver advance have the effect of precluding Lender from thereafter declaring such inability to be an event Event of default under Article 6 hereofDefault hereunder.
Appears in 2 contracts
Samples: Loan Agreement (CNL Growth Properties, Inc.), Construction Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)
Advances Do Not Constitute a Waiver. No advance of loan Loan proceeds hereunder shall constitute a waiver of any of the conditions of the Lender's obligation obligations to make further advances nor, in the event the Borrower is unable to satisfy any such condition, shall any such waiver advance have the effect of precluding the Lender from thereafter declaring such inability to be an event Event of default under Article 6 hereofDefault hereunder.
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Advances Do Not Constitute a Waiver. No advance of loan proceeds hereunder of the Loan shall constitute a waiver of any of the conditions of Lender's obligation to make further advances advances; nor, in the event Borrower is unable to satisfy any such condition, shall any such waiver have the effect of precluding Lender from thereafter declaring such inability to be an event of default under Article 6 8 hereof.
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Advances Do Not Constitute a Waiver. No advance of loan proceeds hereunder shall constitute a waiver of any of the conditions of Lender's ’s obligation to make further advances noradvances, nor in the event Borrower is unable to satisfy any such condition, shall any such waiver have the effect of precluding Lender from thereafter declaring such inability to be an event of default under Article 6 V hereof.
Appears in 1 contract
Samples: Loan Agreement for Construction and Other Matters (Goldfield Corp)
Advances Do Not Constitute a Waiver. No advance of loan Loan proceeds hereunder shall constitute a waiver of any of the conditions of Lender's ’s obligation to make further advances noradvances, nor in the event Borrower is unable to satisfy any such condition, shall any such waiver have the effect of precluding Lender from thereafter declaring such inability to be an event Event of default under Article 6 hereofDefault described herein or in the Mortgage.
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Advances Do Not Constitute a Waiver. No advance of loan the proceeds hereunder of the Loan shall constitute a waiver of any of the conditions of Lender's obligation to make further advances nor, in the event Borrower is unable to satisfy any such conditionconditions, shall any such waiver advance have the effect of precluding Lender from thereafter declaring such inability to be an event Event of default Default under Article 6 VII hereof.
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Advances Do Not Constitute a Waiver. No advance of loan proceeds hereunder Advance made by Agent and Lenders shall constitute a waiver of any of the conditions of Lender's to the Lenders’ obligation to make further advances Advances nor, in the event Borrower is unable fails to satisfy any such condition, shall any such waiver Advance have the effect of precluding Lender Agent and Lenders from thereafter declaring such inability failure to satisfy a condition to be an event Event of default under Article 6 hereofDefault.
Appears in 1 contract
Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc)
Advances Do Not Constitute a Waiver. No advance Advance of loan Loan proceeds hereunder shall constitute a waiver of any of the conditions of Lender's obligation to make further advances Advances nor, in the event Borrower is Borrowers are unable to satisfy any such condition, shall any such waiver have the effect of precluding Lender from thereafter declaring such inability to be an event Event of default Default under Article 6 VII hereof.
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