Requirement of a Construction Funding Agreement Sample Clauses

Requirement of a Construction Funding Agreement. By a Construction Funding Agreement modifying this Lease, BNPLC may approve of plans or renderings submitted for an initial Construction Project and the Maximum Construction Allowance may be increased to an amount above zero; provided, however, that before agreeing to any such increase, BNPLC must be satisfied in its sole and absolute discretion with the financial condition of Electroglas, and the form and substance of any such Construction Funding Agreement must be in form and substance satisfactory to both BNPLC and Electroglas, each in its sole and absolute discretion. Neither Electroglas nor BNPLC is willing to submit itself to a risk of liability or loss of rights hereunder for being judged unreasonable in negotiating any Construction Funding Agreement. Accordingly, both Electroglas and BNPLC hereby disclaim any obligation express or implied to be reasonable in negotiating any such agreement.