Common use of Final Advance for Improvements Clause in Contracts

Final Advance for Improvements. If and to the extent required by the Administrative Agent, to Administrative Agent’s satisfaction, the final advance for the Improvements (including retainage) shall not be made until thirty (30) days after the later of (i) the date on which the Improvements have been “completed,” as evidenced by the issuance of a final and unconditional certificate of occupancy (or the local equivalent thereof), and (ii) if required by Administrative Agent, the date on which a notice of completion has been recorded. In the case of each such Draw Request, if and to the extent required by Administrative Agent, Administrative Agent shall have received the following as additional conditions precedent to the requested advance:

Final Advance for Improvements. If and to the extent required by the Administrative Agent, to Administrative Agent’s satisfaction, the final advance for the Improvements (including retainageany amounts withheld from prior advances) shall not be made until after final completion of all construction work, including punch list work, as determined by Construction Inspector and Administrative Agent and thirty (30) days after the later of (i) the date on which the Improvements have been “completed,” as evidenced defined by the issuance of a final and unconditional certificate of occupancy (applicable state law, or the local equivalent thereof), and (ii) if required by Administrative Agent, the date on which a notice an affidavit of completion has been recorded. In , and in the case of each such Draw Request, if and to the extent required by Administrative Agent, Administrative Agent shall have received the following as additional conditions precedent to the requested advance:

Final Advance for Improvements. If and to the extent required by the Administrative Agent, to Administrative Agent’s 's satisfaction, the final advance for the Improvements (including retainage) shall not be made until thirty (30) days after the later of (i) the date on which the Improvements have been “"completed,” " as evidenced defined by the issuance of a final and unconditional certificate of occupancy (applicable state law, or the local equivalent thereof), and (ii) if required by Administrative Agent, the date on which a notice an affidavit of completion has been recorded. In , and in the case of each such Draw Request, if and to the extent required by Administrative Agent, Administrative Agent shall have received the following as additional conditions precedent to the requested advance: