Note to Drafter. If time and materials under Option # 2, (i) Attachment B should include the hourly labor rates and (ii) Attachment C should include the types of expenses (travel, copying, postage/delivery, etc.) that will be reimbursed at actual out-of-pocket cost. Also need to provide in Attachment C the basis for reimbursable costs, i.e. mileage reimbursement at the IRS-approved rate only for use of a personal motor vehicle; air travel via most direct route on coach class only, etc.]
Note to Drafter. Section headings have been formatted to automatically populate the Table of Contents. However, when editing this document for your own use, the page numbers may change. In order to reflect the correct page numbers in the Table of Contents, you must “update page numbers” to the Table of Contents by (1) right-clicking anywhere in the Table of Contents, and (2) choose “update field,” then “update page numbers only.” If you add or delete section headings, follow step (1) and (2) above and choose “update entire table.” Page
Note to Drafter. If deal is intended to be syndicated but additional Lenders are not likely to join deal until after closing (so that other Lenders may not have the opportunity to review loan documents before they are executed), then discuss with CRE Syndications teammate working on deal whether or not to include the following Agent removal provision in Section 10.7: “In the event of gross negligence or willful misconduct by Administrative Agent (in its capacity as Administrative Agent under the Loan Documents), as determined pursuant to a final, non-appealable judgment of a court of competent jurisdiction, Administrative Agent may be removed as Administrative Agent under the Loan Documents with the consent of all Lenders (other than the Lender then acting as Administrative Agent) and the Borrower (provided, however, no such consent by Borrower shall be required if a Default or Event of Default shall then exist), upon 30-days’ prior written notice to Administrative Agent.” If added, revise remainder of Section 10.7 to include “removal” of Administrative Agent, in addition to resignation, where applicable.
Note to Drafter. If the Agent removal language from the immediately preceding footnote is added, then revise the first portion of this sentence to read: “Upon any such resignation or removal, the Required Lenders (which, in the case of the removal of Administrative Agent as provided in the immediately preceding sentence, shall be determined without regard to the Commitment of the Lender then acting as Administrative Agent) ……”
Note to Drafter. Revise reference if a party other than the Grantor enters into a hedge in connection with the Loan. DEED OF TRUST Last Revised 12.06.2019
Note to Drafter. At a minimum, be sure to include: (1) when and for what time period the Vegetation Maintenance Standard must be met by sheep xxxxxx (2) separate entries/date ranges for when sheep will be on-site if a multi-season SOW and sheep will not be on the site continuously (with the understanding that there is a "buffer period” for delivering the sheep per section 5).
Note to Drafter. This template allows for notice to be given via email to the person identified in this section (notice via email is not effective until the email is received as evidenced by a read-receipt). If you do not want to permit notice via email, please remove this highlighted language AND the last sentence in section 6(c).
Note to Drafter. If additional contract terms are needed, they must be inserted into this Section 9 and reviewed by the County Attorney’s Office prior to signatures. If no additional terms are needed, delete this Section 9. For software license and Software-As-A-Service Contracts, additional terms from the Vendor are expected and should be inserted here for review by the County Attorney’s Office. Commented [WGR3]: Note to Drafter: Remove this paragraph if no Federal $ is being used to pay for any portion of the work/services under the Agreement.
Note to Drafter add only if included in term sheet:, or (iii) if, during the term of the Loan, an Affiliate of Borrower and Guarantor closes one or more Loans provided by or arranged through Lender or any of its Affiliates and issued under the Xxxxxx Xxx, Federal Home Loan Mortgage Corporation, or U.S. Department of Housing and Urban Development loan programs (“Agency Loans”). 20 Omit Section 2.9(a) for Fixed Rate Loans. 21 Bracketed language should not be included in the first draft. May be added in response to xxxxxxxx's comments.
