Disbursement for Materials Not Incorporated Into the Project Sample Clauses

Disbursement for Materials Not Incorporated Into the Project. When a Draw Request includes a request to pay for Stored Materials not yet installed or incorporated into the Project, Lender shall not be required to consent to the disbursement for Stored Materials, provided that Lender may, at its sole discretion consent to Disbursement for Stored Materials if: (a) Borrower provides Lender and the Project Inspector with (i) copies of related bills of sale, receipts, invoices and bills of lading demonstrating that Borrower has good title to the Stored Materials free of any encumbrances, (ii) satisfactory evidence that (a) the place of storage for such Stored Materials is on the Land or in a secure or bonded warehouse located in the jurisdiction in which the Land is situated and is readily accessible, and (b) the owner of such facility has received written instruction such that the Lender shall have access and the right to remove the Stored Materials,
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Disbursement for Materials Not Incorporated Into the Project. When a Draw Request includes a request to pay for Stored Materials not yet installed or incorporated into the Project, Lender shall not be required to consent to the disbursement for Stored Materials, provided that Lender may, at its sole discretion consent to Disbursement for Stored Materials if: (a) Borrower provides Lender and the Project Inspector with (i) copies of related bills of sale, receipts, invoices and bills of lading demonstrating that Borrower has good title to the Stored Materials free of any encumbrances,‌
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