WAIVER OF ESCROW OF DEPOSIT AND OTHER MONIES Sample Clauses

WAIVER OF ESCROW OF DEPOSIT AND OTHER MONIES. OWNER XXXXXX XXXXXX ANY RIGHT OWNER MAY HAVE TO THE FULLEST EXTENT ALLOWED BY APPLICABLE LAW FOR THE DEPOSIT OR ANY OTHER MONIES PAID BY OWNER HEREUNDER TO BE DEPOSITED INTO AN ESCROW ACCOUNT. SUCH WAIVER IS HEREBY GIVEN KNOWINGLY, OPENLY AND FREELY BY OWNER. ALL PAYMENTS MADE TO BUILDER TOWARD THE CONSTRUCTION PRICE PURSUANT HERETO PRIOR TO COMPLETION (AS DEFINED HEREIN) MAY AND SHALL BE USED FOR CONSTRUCTION PURPOSES BY BUILDER.
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