Receipt by Lender. To the extent that Lender receives any funds from the sale, transfer or other disposition of a Rental Property, Lender shall apply such funds in accordance with the same order of priority set forth in Section 5(b) hereof.
Receipt by Lender of a current as-built survey showing the location of all the Improvements prepared in accordance with Lender's standard guidelines, which includes the certification of the surveyor that the Improvements have been constructed within the established building and property lines and in compliance with any restrictions of records or ordinances relating to the location thereof;
Receipt by Lender. Lender shall have received:
Receipt by Lender of copies of the organizational documents for each Obligor (excluding any Obligor who is a natural Person), together with evidence that each such Obligor is qualified, registered, and in good standing the in the state of its organization or formation and in the state where the Project is located (or evidence satisfactory to Lender and its counsel that such qualification and registration is not legally required under Legal Requirements), and certified resolutions of the governing body of each such Obligor authorizing the Revolving Loan, the execution and delivery of the Loan Documents, and the consummation or undertaking of all Obligations;
Receipt by Lender of the executed originals of this Agreement, the short form of this Agreement (if any) and any and all other documents and agreements which are required by this Agreement or by any other Loan Document, each in form and content acceptable to Lender;
Receipt by Lender of duly executed loan documentation in form and substance satisfactory to Lender and its counsel.
Receipt by Lender of a certificate of Borrower certifying the requirements set forth in Paragraphs 3(f) of this Agreement shall be true after giving effect to such transfer;
Receipt by Lender. Any notice or other communication given to the Lender shall be deemed to have been received only on actual receipt.
Receipt by Lender of a duly sworn and executed affidavit from the general contractor for the Project, in form and substance acceptable to Lender and to Title Company, stating that all amounts due to contractors, subcontractors, laborers, materialmen, and all others supplying labor or materials to or performing work on the Improvements have been paid in full and which affidavit shall be legally sufficient to dissolve all statutory and common law, existing and inchoate liens and claims of liens against the Project;
Receipt by Lender of an appraisal of the Property --------- prepared in conformity with the requirements of the Commitment Letter.
