Common use of Waiver of Conditions to Disbursement Clause in Contracts

Waiver of Conditions to Disbursement. No waiver given by Lender of any condition precedent to disbursement from a Reserve Account shall preclude Lender from requiring that such condition be satisfied prior to making any other disbursement from a Reserve Account.

Appears in 13 contracts

Sources: Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Independence Realty Trust, Inc), Loan Agreement (Resource Real Estate Opportunity REIT, Inc.)

Waiver of Conditions to Disbursement. No waiver given by Lender of any condition precedent to · disbursement from a Reserve Account shall preclude Lender from requiring that such condition be satisfied prior to making any other disbursement from a Reserve Account.

Appears in 1 contract

Sources: Loan Agreement (Cole Credit Property Trust V, Inc.)