Common use of THE LESSOR'S RIGHT TO ADVANCE THE PROJECT FUNDS Clause in Contracts

THE LESSOR'S RIGHT TO ADVANCE THE PROJECT FUNDS. Without at any time waiving any of the Lessor's rights hereunder, the Lessor shall have the right to make the first advance of a portion of the Project Funds hereunder without the satisfaction of each and every condition precedent to the Lessor's obligation to make such advance, and the Lessee agrees to accept such advance as the Lessor may elect to make. The making of any advance hereunder shall not constitute an approval or acceptance by the Lessor of any work on the Project theretofore completed.

THE LESSOR'S RIGHT TO ADVANCE THE PROJECT FUNDS. Without at any time waiving any of the Lessor's rights hereunder, the Lessor shall have the right to make the first advance of a portion of the Project Funds hereunder without the satisfaction of each and every condition precedent to the Lessor's obligation to make such advance, and the Lessee Developer agrees to accept such advance as the Lessor may elect to make. The making of any advance hereunder shall not constitute an approval or acceptance by the Lessor of any work on the Project theretofore completed.