Waiver of Disbursement Conditions Sample Clauses

Waiver of Disbursement Conditions. Lender may in its sole discretion waive any condition to the funding of a Disbursement. Any waiver of any condition to the funding must be expressly made and signed by an authorized officer of Lender. Lender shall not have made or be deemed to have made any waiver of any condition to the funding of any Disbursement as provided herein. The approval of any Draw Requests by Lender shall not constitute approval by Lender of any work, costs or expenses for which the Disbursement is made, or of any design, manufacturing, structural or other defect in any such work. The approval of any Disbursement prior to fulfillment of one or more conditions thereof shall not be construed as a waiver of any condition, and Lender reserves the right to require fulfillment of any and all conditions prior to approving any subsequent Disbursement.
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Waiver of Disbursement Conditions. Unless otherwise agreed to in writing, the required consent by any party to any Disbursement with the knowledge that any condition to such Disbursement is not fulfilled shall constitute a waiver of such condition only with respect to the particular Disbursement made, and such condition shall be a condition to all further Disbursements until fulfilled.
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Waiver of Disbursement Conditions. Unless Lender otherwise agrees in writing, the making by Lender of any Disbursement with the knowledge that any condition to such Disbursement is not fulfilled shall constitute a waiver of such condition only with respect to the particular Disbursement made, and such condition shall be a condition to all further Disbursements until fulfilled.
Sample 1
Waiver of Disbursement Conditions. Unless the Lender otherwise agrees in writing, the funding by the Lender of any Draw with the knowledge that any condition to such Draw is not fulfilled shall constitute a waiver of such condition only with respect to the particular Draw made, and such condition shall continue to be a condition to all further Draws until fulfilled.
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Related to Waiver of Disbursement Conditions

  • Waiver of conditions precedent The conditions specified in this clause 9 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

  • Limited Waiver of Conditions Precedent If Agent, Issuing Bank or Lenders fund any Loans, arrange for issuance of any Letters of Credit or grant any other accommodation when any conditions precedent are not satisfied (regardless of whether the lack of satisfaction was known or unknown at the time), it shall not operate as a waiver of (a) the right of Agent, Issuing Bank and Lenders to insist upon satisfaction of all conditions precedent with respect to any subsequent funding, issuance or grant; nor (b) any Default or Event of Default due to such failure of conditions or otherwise.

  • Conditions Precedent to Initial Credit Extension Bank’s obligation to make the initial Credit Extension is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, such documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate, including, without limitation:

  • Additional Conditions to Letters of Credit If the issuance of a Letter of Credit is requested, all conditions set forth in Section 2.3 shall have been satisfied.

  • EFFECTIVENESS; CONDITIONS OF LENDING, ETC The obligation of each Lender to make its Loans and of the Issuing Lender to issue Letters of Credit is subject to the following conditions precedent:

  • Conditions of Initial Credit Extension The obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make the initial extensions of credit provided for hereunder is subject to the fulfillment, to the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extensions of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

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