Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Contract, and (ii) the construction cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.
Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently and in a commercially reasonable and workmanlike manner in strict accordance with the Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants or restrictions on the Property. I will notify Lender promptly in writing if (i) I think that the Work does not comply with the Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Renovation Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders, but no later than twelve (12) months after the loan closing. Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.6 of this Loan Agreement.
Completing the Work. The Work will begin promptly after I sign the Loan Documents. The Work will continue diligently and in a good and workmanlike manner in strict accordance with the contracts for the Work and all Government Regulations. The Work will satisfy the Environmental Protection Agency’s guidelines for lead safe renovations. The Work will not violate any of the conditions, covenants or restrictions on the Property. I will notify Xxxxxx immediately in writing if (i) any notice of lien on the Property is served on me or any contractor; or (ii) any Government Authority issues any notice or claim relating to the Property. I PROMISE THE WORK WILL BE COMPLETED ON OR BEFORE SIX (6) MONTHS AFTER THE CLOSING OF THE LOAN (“COMPLETION DATE”); PROVIDED, IF THE WORK CANNOT BE COMPLETED BY THE COMPLETION DATE DUE TO A TORNADO, FLOOD, FIRE, OR OTHER ACT OF GOD, I MAY REQUEST AN EXTENSION OF THE COMPLETION DATE TO A DATE THAT WILL ALLOW THE WORK TO BE COMPLETED THAT IS AS CLOSE AS REASONABLY PRACTICABLE TO THE COMPLETION DATE, AND LENDER MAY GRANT SUCH EXTENSION, IN ITS SOLE DISCRETION, ON THE SAME TERMS AND CONDITIONS CONTAINED IN THIS LOAN AGREEMENT. XXXXXX WILL ACCEPT THE WORK AS COMPLETED WHEN ALL OF THE CONDITIONS IN SECTION 2.7.2 OF THIS LOAN AGREEMENT ARE SATISFIED.
Completing the Work. The Work will begin promptly after I sign the Loan Documents. The Work will continue diligently and in a good and workmanlike manner in strict accordance with the Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants or restrictions on the Property. I will notify Lender immediately in writing if (i) I think that the Work does not comply with the Construction Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I promise the Work will be completed on or before (“Completion Date”). Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.8 of this Loan Agreement (“Substantial Completion”).
Completing the Work. The Work will begin promptly after Borrower signs the Loan Documents and will be completed on or before the Completion Date. The Work will continue diligently and in a good and workmanlike manner in strict accordance with the Construction Contract, architectural plans, permits, Government Regulations and all other requirements to complete the Work as agreed. To that end, Xxxxxxxx will notify Xxxxxx immediately in writing, and by telephone if (l) Xxxxxxxx believes the Work is not being or cannot be completed as immediately aforesaid or by the Completion Date; or (2) any Government Authority issues any notice or claim relating to the Property. If the Work is not completed by the Completion Date as a result of a force majeure or if Lender otherwise agrees, in its sole discretion, to extend the Completion Date, Lender may charge a modification fee as compensation for any extension (or any other modification of any nature granted by Xxxxxx). Xxxxxx will accept the Work as completed when Borrower satisfies all of the conditions required to receive the Final Advance.
Completing the Work. The Work will begin promptly after Borrower signs the Loan Documents. The Work will continue diligently and in a good and workmanlike manner in strict accordance with the Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants or restrictions on the Property. Borrower will notify Lender immediately in writing if (i) Borrower thinks that the Work does not comply with the Construction Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on Borrower or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. Borrower promises the Work will be completed on or before ("Completion Date"). Lender will accept the Work as completed when Borrower satisfies all of the conditions found in Section II (G)(3)(f) of this Loan Agreement.
Completing the Work. Borrower will complete the Work in accordance with the following provisions: The Work will begin promptly after Borrower signs the Loan Documents. The Work will continue diligently and in a good and workmanlike manner in strict accordance with the Construction Contract (if any), the Supplier Contracts and all Government Regulations. The Work will not violate any of the conditions, covenants or restrictions on the Property. The Work will be completed free and clear of any mechanics liens. Borrower will notify Lender immediately in writing if (i) Borrower thinks that the Work does not comply with the Construction Contract (if any), the Supplier Contracts or this Loan Agreement; (ii) any notice of lien on the Property is served on Borrower or Contractor (if any); or (iii) any Government Authority issues any notice or claim relating to the Property. Borrower promises that the Work will be completed on or before July 1, 2015 (“Completion Date”). Lender will accept the Work as completed when Borrower satisfies all of the conditions in Section 2.8.4.7 of this Loan Agreement (Completion Of Improvements).
