RLT Advance definition
RLT Advance means a disbursement of the proceeds of the RLT.
Examples of RLT Advance in a sentence
RLT Advances shall be made by Lender to Borrower upon written notice or telephonic notice followed by facsimile notice from Borrower to Lender specifying the date and amount of the requested RLT Advance.
Borrower shall have no right to any RLT Advance other than to have the same disbursed by Lender in accordance with the disbursement provisions contained in this Loan Agreement.
Lender shall have no obligation to make any RLT Advance unless and until all of the conditions and requirements of this Loan Agreement are fully satisfied.
Notwithstanding that such an RLT Advance or RLT Advances are made, such unsatisfied conditions and/or requirements shall not be waived or released thereby.