Common use of Certain Disbursements Clause in Contracts

Certain Disbursements. Prior to the satisfaction of the conditions set forth herein and in the Commitment Letter, Lender may at its sole option, but shall have no obligation to, disburse such sums as Lender may elect, including without limitation amounts owed for expenses to Lender by Borrower.

Appears in 2 contracts

Sources: Construction Loan Agreement (Roberts Realty Investors Inc), Construction Loan Agreement (Roberts Realty Investors Inc)