Common use of Advance Not Waiver Clause in Contracts

Advance Not Waiver. Any advance by Lender of Loan proceeds hereunder made prior to or without the fulfillment by Borrower of all of the conditions precedent thereto, whether or not known to Lender, shall not constitute a waiver by Lender of the requirement that all conditions, including the non performed conditions, shall be required with respect to all future advances.

Appears in 1 contract

Sources: Loan and Security Agreement (Bion Environmental Technologies Inc)

Advance Not Waiver. Any advance by Lender of Loan proceeds hereunder ------------------ made prior to or without the fulfillment by Borrower of all of the conditions precedent thereto, whether or not known to LenderAdministrative Agent or Lenders, shall not constitute a waiver by Lender Administrative Agent or Lenders of the requirement that all conditions, including the non non-performed conditions, shall be required with respect to all future advances.

Appears in 1 contract

Sources: Building Loan Agreement (Federal Realty Investment Trust)