FINAL-ADVANCE CONDITIONS. PTR's obligation to advance any of the Loan proceeds to a Borrower for the Final Advance for the Improvements comprising a Project is conditioned upon the following and, if requested by PTR, receipt by PTR of evidence reasonably satisfactory to PTR that such conditions have been satisfied: (a) The completion of all Improvements in substantial accordance with the Plans. (b) Receipt by the Borrower of all Final CO's issued by the appropriate Governmental Authorities for the Improvements and all other Permits necessary for use of the subject Improvements and Property.
Appears in 3 contracts
Sources: Funding Commitment Agreement (Homestead Village Inc), Funding Commitment Agreement (Security Capital Pacific Trust), Funding Commitment Agreement (Security Capital Group Inc/)