Common use of Conditions Precedent to Any Advance Clause in Contracts

Conditions Precedent to Any Advance. Except for delays caused by Force Majeure, Borrower shall be unable to satisfy any condition precedent to its right to receive an advance of the Loan proceeds for a period in excess of thirty (30) days.

Appears in 2 contracts

Sources: Construction Loan Agreement, Construction Loan Agreement

Conditions Precedent to Any Advance. Except for delays caused by Force Majeure, the Borrower shall be unable to satisfy any condition precedent to its right to receive an advance of the Loan proceeds for a period in excess of thirty (30) days.

Appears in 1 contract

Sources: Loan Agreement (Bioreliance Corp)