Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of Lender's obligation to make further Advances nor, in the event Borrower is unable to satisfy any such condition, shall any Advance have the effect of precluding Lender from thereafter declaring such inability to be an Event of Default hereunder.
Appears in 2 contracts
Sources: Building Loan Agreement (Essex Hospitality Associates Iv Lp), Building Loan Agreement (Alterra Healthcare Corp)
Advances Do Not Constitute a Waiver. No Advance advance of Loan proceeds hereunder shall constitute a waiver of any of the conditions of Lender's Lenders’ obligation to make further Advances advances nor, in the event Borrower is unable to satisfy any such condition, shall any Advance such advance have the effect of precluding Lender Administrative Agent from thereafter declaring such inability to be an Event of Default hereunderhereunder to the extent that the failure to satisfy such condition constitutes an Event of Default.
Appears in 2 contracts
Sources: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.), Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.)
Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of Lender's the Lenders’ obligation to make further Advances nor, in the event the Borrower is unable to satisfy any such condition, shall any Advance have the effect of precluding Lender the Agent from thereafter declaring such inability to be an Event of Default hereunder.
Appears in 2 contracts
Sources: Mezzanine Construction Loan Agreement (Prime Group Realty Trust), Credit Agreement (Prime Group Realty Trust)
Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of Lender's obligation obligations to make further Advances nor, in the event Borrower is unable to satisfy any such condition, shall any Advance such waiver have the effect of precluding Lender from thereafter declaring such inability to be an Event of Default hereunderhereunder with respect to any such inability which shall constitute an Event of Default.
Appears in 2 contracts
Sources: Loan Agreement (Medical Properties Trust Inc), Loan Agreement (Medical Properties Trust Inc)
Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of Lender's Lenders’ obligation to make further Advances nor, in the event Borrower is unable to satisfy any such condition, shall any Advance have the effect of precluding Lender Agent from thereafter declaring such inability to be an a Default or Event of Default hereunder.
Appears in 2 contracts
Sources: Building Loan Agreement (New York Times Co), Project Loan Agreement (New York Times Co)
Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of Lender's the Lenders' obligation to make further Advances nor, in the event Borrower is the Borrowers are unable to satisfy any such condition, shall any Advance have the effect of precluding Lender Agent from thereafter declaring such inability to be an Event of Default hereunder.
Appears in 1 contract
Sources: Revolving Credit Agreement (Shelbourne Properties Ii Inc)
Advances Do Not Constitute a Waiver. No Advance made by Agent or Lenders shall constitute a waiver of any of the conditions of Lender's to Lenders’ obligation to make further Advances nor any of the terms and conditions of this Agreement, nor, in the event Borrower is unable fails to satisfy any such condition, shall any such Advance have the effect of precluding Lender Agent from thereafter declaring such inability failure to satisfy a condition to be an Event of Default hereunderDefault.
Appears in 1 contract
Sources: Construction Loan Agreement (CNL Growth Properties, Inc.)
Advances Do Not Constitute a Waiver. No Advance made by Agent and Lenders shall constitute a waiver of any of the conditions of Lender's to the Lenders’ obligation to make further Advances nor, in the event Borrower is unable fails to satisfy any such condition, shall any such Advance have the effect of precluding Lender Agent and Lenders from thereafter declaring such inability failure to satisfy a condition to be an Event of Default hereunderDefault.
Appears in 1 contract
Sources: Revolving Credit Construction Loan Agreement (Wci Communities Inc)