Final Payment to General Contractor. Upon completion of the Project and fulfillment of the Construction Contract to the satisfaction of Lender and provided sufficient Loan Funds are available, Lender shall make an Advance to cover the final payment due to the General Contractor upon delivery to Lender of endorsements to the ALTA title insurance policy following the posting of the completion notice, as provided under applicable law. Construction shall not be deemed complete for purposes of final disbursement unless and until Lender shall have received all of the following:
Final Payment to General Contractor. Upon receipt by Buyer of final, unconditional lien waivers of the General Contractor and all subcontractors, duplicate copies of which shall be provided to Seller, Buyer and Seller shall jointly instruct Escrow Agent to disburse directly to the General Contractor the entire remainder of the contract price under the Construction Contract.
Final Payment to General Contractor. The following conditions must be fulfilled prior to final payment of any amounts due General Contractor, with any withholdings for mechanic’s liens or incomplete work:
