Non-Construction Conditions Precedent. Borrower agrees that Lender's obligation to open the Loan and thereafter to make further disbursements of proceeds thereof is conditioned upon Borrower's delivery, performance and satisfaction of the following conditions precedent in form and substance satisfactory to Lender in its reasonable discretion:
Appears in 2 contracts
Sources: Construction Loan Agreement (American Leisure Holdings, Inc.), Construction Loan Agreement (Medical Properties Trust Inc)
Non-Construction Conditions Precedent. Borrower agrees that Lender's ’s obligation to open the Loan and thereafter to make further disbursements of proceeds thereof is conditioned upon Borrower's ’s delivery, performance and satisfaction of the following conditions precedent in form and substance satisfactory to Lender Agent in its reasonable discretion:
Appears in 2 contracts
Sources: Construction Loan Agreement, Construction Loan Agreement (Dupont Fabros Technology, Inc.)
Non-Construction Conditions Precedent. Borrower agrees that Lender's ’s obligation to open the Loan and thereafter to make further disbursements of proceeds thereof is conditioned upon Borrower's ’s delivery, performance and satisfaction of the following conditions precedent in form and substance satisfactory to Lender in its reasonable discretion:
Appears in 1 contract
Sources: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.)
Non-Construction Conditions Precedent. Borrower agrees that Lender's Lenders’ obligation to open make the initial advance of the Loan and thereafter to make further disbursements of proceeds thereof is conditioned upon Borrower's ’s delivery, performance and satisfaction of the following conditions precedent in form and substance satisfactory to Lender Agent in its reasonable discretion:
Appears in 1 contract
Sources: Construction Loan Agreement (Republic Property Trust)