Common use of Partial Advances Clause in Contracts

Partial Advances. If any or all conditions precedent to either an Initial Advance, a Reconciliation Advance or an Additional Advance have not been satisfied on the applicable date for a requested advance, Brazos, in its sole discretion, may, but shall have no obligation to, disburse a part of the requested advance.

Appears in 2 contracts

Sources: Facilities Lease Agreement (Monro Muffler Brake Inc), Ground Lease Agreement (Monro Muffler Brake Inc)