Partial Advances Clause Samples

Partial Advances. If any or all conditions precedent to making an Additional Advance have not been satisfied on the date requested for such Additional Advance, Lender may, at its option in its sole and absolute discretion, waive so many of such conditions precedent as Lender may elect. Lender may, however, without waiving any of its rights or remedies, disburse that portion, if any, of the requested Additional Advance for which all of the conditions precedent have been satisfied. Notwithstanding the foregoing, nothing set forth in this Section 2.1.14 shall require Lender to fund all or any portion of an Additional Advance unless all of the conditions precedent have been satisfied 2.

Partial Advances. If any or all conditions precedent to making an Advance have not been satisfied on the date requested for such Advance, Lender may, at its option, (a) waive so many of such conditions precedent as Lender may elect, and/or (b) disburse only that portion of the requested Advance for which all of the conditions precedent have been satisfied.

Partial Advances. If any or all conditions precedent to either an Initial Advance, a Reconciliation Advance or an Additional Advance have not been satisfied on the applicable date for a requested advance, Brazos, in its sole discretion, may, but shall have no obligation to, disburse a part of the requested advance.

Partial Advances. If any or all conditions precedent to making an Advance have not been satisfied (or waived by Lender in its sole discretion) on or before the applicable Advance Date, without waiving any of its rights or remedies hereunder, Lender in its sole discretion may disburse that portion, if any, of the requested Advance for which all of the conditions precedent have been satisfied.

Partial Advances. If any or all conditions precedent to making an Advance have not been satisfied on the date requested for such Advance, Owner may, at its option, waive so many of such conditions precedent as Owner may elect. Owner may, however, without waiving any of its rights or remedies, disburse that portion, if any, of the requested Advance for which all of the conditions precedent have been satisfied or waived.

Partial Advances. If any or all conditions precedent to any advance have not been satisfied on the applicable date for a requested advance, Owner in its sole discretion may, but shall have no obligation to (other than as provided in Section 5(B) hereof), disburse all or part of the requested advance.

Partial Advances. If any or all conditions precedent to an advance of the Construction Loan have not been satisfied on the applicable Borrowing Date, Bank, in its discretion, may, but shall have no obligation to, disburse all or a part of the requested advance. If all conditions precedent to an advance have been met but the Consulting Professional advises Bank that the particular work or materials which are the subject of a particular line item or items on the Borrowing Certificate, as referred to in Subsection 3.2(d) below, are defective or not substantially in accordance with the Plans or invoices for such work or materials, or not yet properly the subject of an advance hereunder, Bank will nevertheless fund the other line items which are not faulty.