Conditions to be Met for All Draws. The following are conditions for all draws and must be satisfied in the sole and absolute discretion of LHC (it being understood and agreed that subject to the provisions contained in this Section, LHC may withhold from disbursement any amounts required to fund any reserve required by the terms of the Loan Documents):
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Conditions to be Met for All Draws. The following are conditions for all draws and must be satisfied in the sole and absolute reasonable discretion of LHC (it being understood and agreed that subject to the provisions contained in Section 4 of this SectionAgreement, LHC may withhold from disbursement any amounts required to fund any reserve required by the terms of the Loan Documents):
Appears in 1 contract
Samples: Performance and Completion Guaranty
Conditions to be Met for All Draws. The following are conditions for all draws and must be satisfied in the sole and absolute reasonable discretion of LHC (it being understood and agreed that subject to the provisions contained in Section 4 of this SectionAgreement, LHC may withhold from disbursement any amounts required to fund any reserve required by the terms of the Loan MRLF Legal Documents):
Appears in 1 contract
Samples: Multifamily Restoration Loan Funding Program Loan Agreement
