Construction Advance Requests Clause Samples
The 'Construction Advance Requests' clause defines the process by which a borrower can request disbursement of funds for construction-related expenses under a loan agreement. Typically, this clause outlines the documentation required, such as invoices or progress reports, and sets forth the timing and approval procedures for each advance. Its core function is to ensure that loan funds are released in a controlled manner, matching the progress of construction and protecting the lender from premature or inappropriate disbursements.
Construction Advance Requests. NAI must make a written request (a “Construction Advance Request”) for any Construction Advance, specifying the amount of such advance, at least five Business Days prior to the Advance Date upon which the advance is to be paid. To be effective for purposes of this Agreement, a Construction Advance Request must be in substantially the form attached as Exhibit C. NAI will not submit more than one Construction Advance Request in any calendar month.
Construction Advance Requests. LRC must make a written request (a “Construction Advance Request”) for any Construction Advance, specifying the amount of such advance, at least five Business Days prior to the Advance Date upon which the advance is to be paid. To be effective for purposes of this Agreement, a Construction Advance Request must be in substantially the form attached as Exhibit C. LRC will not submit more than one Construction Advance Request in any calendar month. Construction Agreement (Livermore/Parcel 6) — Page 28
Construction Advance Requests. Specialty Laboratories must make a written request (a "Construction Advance Request") for any Construction Advance, specifying the amount of such advance, at least five Business Days prior to the Advance Date upon which the advance is to be paid. To be effective for purposes of this Agreement, a Construction Advance Request must be in substantially the form attached as Exhibit C. Specialty Laboratories shall not submit more than one Construction Advance Request in any calendar month.
Construction Advance Requests. Ross must make a written request (a "Construction Advance Request") for any Construction Advance, specifying the amount of such advance, at least five Business Days prior to the Advance Date upon which the advance is to be paid. To be effective for purposes of this Agreement, a Construction Advance Request must be in substantially the form attached as Exhibit. Ross shall not submit more than one Construction Advance Request in any calendar month.