Advances Do Not Constitute a Waiver. No advance of Loan proceeds hereunder 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 such advance have the effect of precluding Lender from thereafter declaring such inability to be an Event of Default hereunder.
Appears in 4 contracts
Sources: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp), Construction Loan Agreement (United Homes Inc)
Advances Do Not Constitute a Waiver. No advance of Loan proceeds hereunder Advance 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 such advance Advance have the effect of precluding Lender Agent from thereafter declaring such inability to be an Event of Default hereunder.
Appears in 3 contracts
Sources: Project Loan Agreement (Alexanders Inc), Building Loan Agreement (Alexanders Inc), Supplemental Loan Agreement (Alexanders Inc)