CONDITIONS OF SUBSEQUENT ADVANCES. The obligation of the Banks to make any Advance after the initial Advance shall be subject to the satisfaction of the following conditions precedent:
Appears in 2 contracts
Samples: Construction Loan Agreement (Walden Residential Properties Inc), Construction Loan Agreement (Walden Residential Properties Inc)
CONDITIONS OF SUBSEQUENT ADVANCES. The obligation of the Banks Bank to make any Advance after the initial Advance shall be subject to the satisfaction of the following conditions precedent:
Appears in 2 contracts
Samples: Building Loan Agreement (Angiodynamics Inc), Building Loan Agreement (Spurlock Industries Inc)