Initial Loan Advances Clause Samples
Initial Loan Advances. (a) Lender will not be obligated to close any Loans until the following have been furnished to Lender, in Proper Form, properly executed and acknowledged where required, and Lender has had a reasonable opportunity to examine them if necessary:
Initial Loan Advances. The obligation of the Lender to make the initial Loan Advance for the payment of any costs set forth in the Budget and incurred as of the Closing Date for which satisfactory invoices are presented and the obligation of the Lender to make the initial and subsequent Loan Advances for the purposes herein described are subject to the conditions set forth in this Section 4.1.