Termination of Advances. At the option of the Lender, monthly advances shall not be made unless: (a) the Loan Documents are in full force and effect; and (b) an Event of Default does not exist and would not exist but for the giving of notice or the passage of time under the terms of the Loan Documents.
Appears in 7 contracts
Samples: Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.)
