Loan Opening Clause Samples
Loan Opening. In the event all of the conditions precedent to the Construction Loan Opening hereunder have not been performed on or before the date of the Construction Loan Opening, Lender may, at its option at any time thereafter and prior to the Construction Loan Opening, terminate this Agreement and all of its obligations hereunder.
Loan Opening. Upon the Borrower's compliance with and satisfaction of all conditions precedent to the Loan Opening set forth herein, the Lenders shall make the initial disbursement of the Loan hereunder.