Common use of Disbursements Upon Completion of Project at Individual Property Clause in Contracts

Disbursements Upon Completion of Project at Individual Property. Each disbursement of Project Reserve Funds shall be released subject to satisfaction of the following conditions, any of which may be waived by Lender in Lender’s sole discretion: (i) Any request for a disbursement of Project Reserve Funds shall be submitted to Lender on Lender’s form of request, not less than ten (10) Business Days prior to the anticipated date for the disbursement of Project Reserve Funds, and shall be accompanied by all evidence required to be approved by Lender as a condition to such disbursement, including an Officer’s Certificate stating that said conditions are then satisfied;