Conditions Precedent to Individual Disbursements. The Department shall not be obligated to make any disbursement of Program Funds or take any other actions under this Agreement or the Standard Agreement unless all of the following conditions precedent are satisfied at the time of such actions:
Conditions Precedent to Individual Disbursements. Prior to and as conditions precedent to the making of individual disbursements of Construction Loan proceeds by the Bank, the following events or requirements applicable to each disbursement shall occur or be satisfied as follows:
