Off-Site Stored Materials Sample Clauses

Off-Site Stored Materials. Lenders shall in no event or under any circumstances have any obligation to make any disbursement of the Building Loan for materials which are stored off-site unless the conditions set forth in subsections (a) and (e) of this Section 2.1.9 have been satisfied with respect to the materials stored off-site (other than the requirement of clause (ii) contained in Section 2.1.9 (a) with respect to the storage of materials on-site) and all such materials covered by any Advance hereunder are stored at a location, other than the Property, reasonably acceptable to Agent and Construction Consultant and are (i) stored in a designated and secure area, conspicuously marked to show that they are the subject of a security interest by Agent and said stored off-site materials will not be moved except in connection with their delivery to the Property or to another storage location that conform with the requirements of this subsection (b); and (ii) effectively segregated (to the extent reasonably possible) from all other materials of whatever kind located at the off-site location in question.