Common use of Conditions Precedent to Second and Subsequent Disbursements Clause in Contracts

Conditions Precedent to Second and Subsequent Disbursements. The City shall not be obligated to make any Loan disbursements after the first disbursement and prior to the final disbursement unless and until all of the following conditions have been satisfied at the time of and with respect to each such disbursement.

Appears in 29 contracts

Samples: Agreement, Loan Agreement, Home Construction/Permanent Loan Agreement

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Conditions Precedent to Second and Subsequent Disbursements. The City shall not be obligated to make any Loan disbursements after the first disbursement and prior to the final disbursement unless and until all of the following conditions have been satisfied at the time of and with respect to each such disbursement.

Appears in 2 contracts

Samples: www.durhamnc.gov, www.durhamnc.gov

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