Common use of Conditions Precedent to Each Construction Credit Event Clause in Contracts

Conditions Precedent to Each Construction Credit Event. The obligation of the Banks to make each Construction Loan (including the initial Construction Loans for each Subsequent Project) (a "Construction Credit Event"), is subject to the prior satisfaction of each of the following conditions:

Conditions Precedent to Each Construction Credit Event. The obligation of the Banks to make each Construction Loan (including the initial Construction Loans for each Initial Project and each Subsequent Project) (a "Construction Credit Event"), is subject to the prior satisfaction of each of the following conditions:

Conditions Precedent to Each Construction Credit Event. The obligation of the Banks to make each Construction Loan (including the initial first Construction Loans for Loan and the final Construction Loan) and to disburse non-Loan proceeds from the Construction Account (each Subsequent Project) (of the foregoing, a "Construction Credit Event"), is subject to the prior satisfaction of each of the following conditions: