Release of Required Repair Funds. Lender shall disburse to Borrower all Required Repair Funds in the Required Repair Account with respect to any individual Property upon satisfaction by Borrower of each of the following conditions: (a) Borrower shall submit a written request for payment to Lender at least fifteen (15) Business Days prior to the date on which Borrower requests such payment be made (except in the case of an emergency repair which requires
Appears in 1 contract
Release of Required Repair Funds. Lender shall disburse to Borrower all the Required Repair Funds in from the Required Repair Account with respect from time to any individual Property time upon satisfaction by Borrower of each of the following conditions: (ai) Borrower shall submit a written request for payment to Lender at least fifteen (15) Business Days days prior to the date on which Borrower requests such payment be made and specifies the Required Repairs to be paid, (except in ii) on the case of an emergency repair which requiresdate such request is
Appears in 1 contract
Release of Required Repair Funds. Lender shall disburse to Borrower all the Required Repair Funds in from the Required Repair Account with respect from time to any individual Property time upon satisfaction by Borrower of each of the following conditions: (a) Borrower shall submit a written request for payment to Lender at least fifteen thirty (1530) Business Days days prior to the date on which Borrower requests such payment be made and specifies the Required Repairs to be paid, (except in b) on the case of an emergency repair which requiresdate such request is received by Lender and on the date such
Appears in 1 contract
Samples: Loan Agreement (CaliberCos Inc.)
Release of Required Repair Funds. Lender shall disburse to Borrower all the Required Repair Funds in from the Required Repair Account with respect from time to any individual Property time upon satisfaction by Borrower of each of the following conditions: (a) Borrower shall submit a written request for payment to Lender at least fifteen thirty (1530) Business Days days prior to the date on which Borrower requests such payment be made and specifies the Required Repairs to be paid, (except in b) on the case of an emergency repair which requiresdate such request is
Appears in 1 contract