Frequency of Payouts. Subsequent to the Closing, Disbursements of Loan Proceeds shall be made, and the conditions precedent to such Disbursements shall be met, from time to time as construction progresses, but no more frequently than once in each calendar month.
Appears in 3 contracts
Samples: Construction Loan Agreement (CNL Growth Properties, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Frequency of Payouts. Subsequent to the Closing, Disbursements of Loan Proceeds shall be made, and the conditions precedent to such Disbursements shall be met, made from time to time as construction progresses, but no more frequently than once in each calendar month.
Appears in 1 contract
Samples: Construction Loan Agreement (Sentio Healthcare Properties Inc)
Frequency of Payouts. Subsequent to the ClosingLoan Opening, Disbursements disbursements of Loan Proceeds shall be made, and the conditions precedent to such Disbursements disbursements shall be met, from time to time as construction progresses, but no more frequently than once in each calendar month.
Appears in 1 contract
Frequency of Payouts. Subsequent to the Closing, Disbursements of Loan Proceeds shall be made, and the conditions precedent to such Disbursements shall be met, met from time to time as construction progressestime, but no more frequently than once in each calendar month.
Appears in 1 contract
