Common use of Direct Advances Clause in Contracts

Direct Advances. At its option, Lender may make any or all Advances directly to the Title Company or Contractor or to any subcontractor, Supplier, or any other person due payment for labor, material, or services performed on the Property.

Appears in 4 contracts

Sources: Commercial Construction to Permanent Loan Agreement (Notes Live, Inc.), Commercial Construction to Permanent Loan Agreement (Notes Live, Inc.), Commercial Construction to Permanent Loan Agreement (Fresh Vine Wine, Inc.)