Payment of Construction Costs. Lender shall be under no duty or obligation to anyone to ascertain whether Borrower has used or will use the proceeds of the loan for the payment of bills incurred by Borrower in connection with the construction of the Improvements. Payment of all bills for labor and materials in connection with the construction of the Improvements shall be the responsibility of Borrower, and Lender’s sole obligation shall be to advance the proceeds of the loan subject to, and in accordance with, this Agreement.
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Samples: Loan Agreement for Construction and Other Matters (Goldfield Corp)
Payment of Construction Costs. Lender shall be under no duty or obligation to anyone to ascertain whether Borrower has used or will use the Loan proceeds of the loan for the payment of bills incurred by Borrower in connection with the construction of the Improvements. Payment of all bills for labor and materials in connection with the construction of the Improvements shall be the responsibility of Borrower's responsibility, and Lender’s 's sole obligation shall be to advance the proceeds of the loan Loan subject to, and in accordance with, with this Loan Agreement.
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Samples: Construction Loan Agreement (Vacation Break Usa Inc)
Payment of Construction Costs. Lender shall be under no duty or obligation to anyone to ascertain whether Borrower has used or will use the Loan proceeds of the loan for the payment of bills incurred by Borrower in connection with the construction of the Improvements. Payment of all bills for labor and materials in connection with the construction of the Improvements shall be the responsibility of Borrower’s responsibility, and Lender’s sole obligation shall be to advance the proceeds of the loan Loan subject to, and in accordance with, with this Loan Agreement.
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Payment of Construction Costs. Lender shall be under no duty or obligation to anyone to ascertain whether Borrower has used or will use the Loan proceeds of the loan for the payment of bills incurred by Borrower in connection with the construction of the Improvements. Payment of all bills for labor and materials in connection with the construction of the Improvements shall be the responsibility of Borrower, and Lender’s sole obligation shall be to advance the proceeds of the loan subject to, and in accordance with, this Agreement.in
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