Common use of Change in Payments Due to Initial Repairs Clause in Contracts

Change in Payments Due to Initial Repairs. 2.9.1. If initial repairs after closing, made in accordance with the Repair Rider, are completed without using all of the repair set aside, Lender shall inform Borrower of the completion and the amount then available to the Borrower to be drawn under a line of credit. 2.9.2. If initial repairs after closing, made in accordance with the Repair Rider, cannot be fully funded from the repair set aside, any additional Loan Advances needed to complete repairs shall be made in the manner provided under Section 2.16. 2.9.3. If initial repairs are not completed when required by the Repair Rider, Borrower shall not request and Lender shall not make any further payments, except as needed to pay for repairs required by the Repair Rider and mandatory Loan Advances under Section 4.5. In order to complete the required repairs, Loan Advances shall be made first from the repair set aside, and then in the manner provided under Section 2.16.

Change in Payments Due to Initial Repairs. 2.9.1. If initial repairs after closing, made in accordance with the Repair Rider, are completed without using all of the repair set aside, Lender Xxxxxx shall inform Borrower of the completion and the amount then available to the Borrower to be drawn under a line of credit. 2.9.2. If initial repairs after closing, made in accordance with the Repair Rider, cannot be fully funded from the repair set aside, any additional Loan Advances needed to complete repairs shall be made in the manner provided under Section 2.16. 2.9.3. If initial repairs are not completed when required by the Repair Rider, Borrower shall not request and Lender shall not make any further payments, except as needed to pay for repairs required by the Repair Rider and mandatory Loan Advances under Section 4.5. In order to complete the required repairs, Loan Advances shall be made first from the repair set aside, and then in the manner provided under Section 2.16.

Change in Payments Due to Initial Repairs. 2.9.1. If initial repairs after closing, made in accordance with the Repair Rider, are completed without using all of the repair set aside, Lender shall inform Borrower of the completion and the amount then available to the Borrower to be drawn under a line of credit. 2.9.2. If initial repairs after closing, made in accordance with the Repair Rider, cannot be fully funded from the repair set aside, any additional Loan Advances needed to complete repairs shall be made in the manner provided under Section 2.16. 2.9.3. If initial repairs are not completed when required by the Repair Rider, Borrower shall not request and Lender shall not make any further payments, except as needed to pay for repairs required by the Repair Rider and mandatory Loan Advances under Section 4.5Rider. In order to 4330.1 REV-5 APPENDIX 68 complete the required repairs, Loan Advances shall be made first from the repair set aside, and then in the manner provided under Section 2.16.

Change in Payments Due to Initial Repairs. 2.9.1. If initial repairs after closing, made in accordance with the Repair Rider, are completed without using all of the repair set set-aside, the Lender shall inform the Borrower of the completion and the amount then available to the Borrower to be drawn under a line of credit. 2.9.2. If initial repairs after closing, made in accordance with the Repair Rider, cannot be fully funded from the repair set set-aside, any additional Loan Advances needed to complete the repairs shall be made in the manner provided under Section 2.16. 2.9.3. If initial repairs are not completed when required by the Repair Rider, the Borrower shall not request and the Lender shall not make any further paymentspayments to the Borrower, except as needed to pay for repairs required by the Repair Rider and mandatory Loan Advances under Section 4.54.6. In order to complete the required repairs, Loan Advances shall be made first from the repair set set-aside, and then in the manner provided under Section 2.16.

Change in Payments Due to Initial Repairs. 2.9.1. If initial repairs after closing, made in accordance with the Repair Rider, are completed without using all of the repair set aside, Lender Xxxxxx shall inform Borrower of the completion and the amount then available to the Borrower to be drawn under a line of credit. 2.9.2. If initial repairs after closing, made in accordance with the Repair Rider, cannot be fully funded from the repair set aside, any additional Loan Advances needed to complete repairs shall be made in the manner provided under Section 2.16. 2.9.3. If initial repairs are not completed when required by the Repair Rider, Borrower shall not request and Lender shall not make any further payments, except as needed to pay for repairs required by the Repair Rider and mandatory Loan Advances under Section 4.5Rider. In order to 4330.1 REV-5 APPENDIX 68 complete the required repairs, Loan Advances shall be made first from the repair set aside, and then in the manner provided under Section 2.16.

Change in Payments Due to Initial Repairs. 2.9.1. If initial repairs after closing, made in accordance with the Repair Rider, are completed without using all of the repair set set-aside, Lender shall inform Borrower of the completion and the amount then available to the Borrower to be drawn under a line of credit. 2.9.2. If initial repairs after closing, made in accordance with the Repair Rider, cannot be fully funded from the repair set aside, any additional Loan Advances needed to complete repairs shall be made in the manner provided under Section 2.16. 2.9.3. If initial repairs are not completed when required by the Repair Rider, Borrower shall not request and Lender shall not make any further payments, except as needed to pay for repairs required by the Repair Rider and mandatory Loan Advances under Section 4.54.6. In order to complete the required repairs, Loan Advances shall be made first from the repair set aside, and then in the manner provided under Section 2.16.