Construction Escrow. A construction escrow (“Construction Escrow”) with the Title Company through which all of Borrower’s funds and advances of the Loan, unless specifically provided otherwise herein or by agreement of Lender hereafter, required to complete construction of the Project will be disbursed after the Closing Date, and which shall require delivery to Lender and the Title Company prior to each Construction Disbursement of such documents regarding the Construction Disbursement as Lender and Title Company may require, including, without limitation, the documents specified in Section 4.3 hereof.
Appears in 2 contracts
Sources: Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.)