Completion of Required Repairs Sample Clauses

Completion of Required Repairs. Borrower shall perform and complete each item of the repairs and environmental remedial work at the Property described on Schedule 1 hereto (the “Required Repairs”) within six (6) months of the date hereof or such shorter period of time for such item set forth on Schedule 1 hereto.
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Completion of Required Repairs. Borrower shall apply all funds deposited in the Required Repairs Subaccount (defined below) towards the performance the items of the repairs and environmental remedial work at the Property described on Schedule 1 hereto (the “Required Repairs”) within twelve (12) months of the date hereof. The inability by Borrower to fully apply such funds or to fully perform any one or more of the Required Repairs within the time period set forth above, shall not in and of itself, constitute a Default or an Event of Default hereunder, provided that Borrower is diligently and continuously taking all commercially reasonable steps necessary to perform the Required Repair(s) in question.
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Completion of Required Repairs. 3.2.2 Required Repairs Reserves
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Completion of Required Repairs. Borrower shall perform each item of the repairs and environmental remedial work at the Property described on Schedule 1 (the “Required Repairs”), and shall complete such Required Repairs in the following time frames: (i) all items referenced on Schedule 1 as Code Issues and Deferred Maintenance shall be completed by Borrower within three (3) months after the date hereof, and (ii) all items referenced on Schedule 1 as ADA issues shall be completed by Borrower within six (6) months after the date hereof.
Sample 1
Completion of Required Repairs. Borrower shall perform and complete each item of the repairs and environmental remedial work at the Property described in the
Sample 1
Completion of Required Repairs. Borrowers shall perform and complete each item of the repairs and environmental remedial work relating to the Properties described on Schedule 2 hereto (the “Required Repairs”) within six (6) months of the date hereof or such shorter period of time for such item set forth on Schedule 2 hereto; provided that if Borrowers have commenced and diligently pursued the completion of any such repairs or remedial work and such repairs or remedial work cannot reasonably be completed within such six (6) month period, Borrowers shall, so long as Borrowers continue to diligently pursue the completion thereof, have such time as is reasonably necessary to complete such repairs, such additional time not to exceed an additional six (6) months. Borrowers shall not be required to deposit any reserves in connection with the Required Repairs.
Sample 1
Completion of Required Repairs. Borrower represents and warrants to Lender that Borrower has reserved on its books sufficient funds to cover Borrower’s share of the repair work at the Property described on Schedule 1 hereto (the “Required Repairs”). Borrower shall perform and complete the Required Repairs within twelve (12) months of the date hereof; provided, however, the inability by Borrower to fully perform any the Required Repairs within the time period set forth above, shall not in and of itself, constitute a Default or an Event of Default hereunder, provided that Borrower is diligently and continuously taking all commercially reasonable steps necessary to perform the Required Repair(s) in question.
Sample 1
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Completion of Required Repairs. Borrower shall complete (or cause to be completed) all Required Repairs at the Property in a good and workmanlike manner and, to Borrower’s knowledge, in accordance with all applicable Legal Requirements, subject to the applicable terms of this Agreement. At Lender’s request, in connection with any Required Repair having an aggregate cost of $50,000.00 or greater, Borrower shall deliver to Lender, (a) full lien waivers from all parties furnishing materials and/or services in connection with the completed Required Repairs, or other evidence of payment satisfactory to Lender, (b) a title search for the Property indicating that the Property is free from all liens, claims and other encumbrances not previously approved by Lender (other than Permitted Encumbrances) and (c) such other evidence as Lender shall reasonably request that the Required Repairs at the Property to be funded by the requested disbursement have been completed and are paid for.
Sample 1
Completion of Required Repairs. Borrower shall perform and complete each item of the repairs and environmental remedial work at the Property described on Schedule 1 hereto (the “Required Repairs”) within six (6) months of the date hereof; provided, however, that if such Required Repairs cannot reasonably be completed within such six (6) month period, upon Borrower’s request, such period shall be extended in Lender’s reasonable discretion for such additional period of time as is reasonably necessary for Borrower in the exercise of due diligence to complete such Required Repairs, so long as (a) Borrower in good faith commences its efforts to perform such Required Repairs promptly after the date hereof and thereafter diligently and expeditiously proceeds to perform and complete the same, and (b) Borrower’s failure to have completed such Required Repairs does not materially adversely affect the value, operation or use of the Property, Lender’s rights under the Loan Documents or Borrower’s ability to repay the Loan.
Sample 1

Related to Completion of Required Repairs

  • Completion of Repairs Borrower will commence any Repairs as soon as practicable after the date of this Loan Agreement and will diligently proceed with and complete such Repairs on or before the Completion Date. All Repairs and Capital Replacements will be completed in a good and workmanlike manner, with suitable materials, and in accordance with good building practices and all applicable laws, ordinances, rules, regulations, building setback lines and restrictions applicable to the Mortgaged Property. Borrower agrees to cause the replacement of any material or work that is defective, unworkmanlike or that does not comply with the requirements of this Loan Agreement, as determined by Lender.

  • Required Repairs (a) Borrower shall make the repairs and improvements to each Individual Property set forth on Schedule 9.1 and as more particularly described in the Property Condition Report prepared in connection with the closing of the Loan (such repairs hereinafter referred to as “Required Repairs”). Borrower shall complete the Required Repairs in a good and workmanlike manner on or before the date that is twelve (12) months from the Closing Date or within such other time frame for completion specifically set forth on Schedule 9.1.

  • Release of Required Repair Funds Lender shall disburse to Borrower the Required Repair Funds from the Required Repair Account from time to time upon satisfaction by Borrower of each of the following conditions: (i) Borrower shall submit a written request for payment to Lender at least fifteen (15) days prior to the date on which Borrower requests such payment be made and specifies the Required Repairs to be paid, (ii) on the date such request is received by Lender and on the date such payment is to be made, no Default or Event of Default shall exist and remain uncured, (iii) Lender shall have received a certificate from Borrower (A) stating that all Required Repairs at the Property to be funded by the requested disbursement have been completed in good and workmanlike manner and in accordance with all applicable federal, state and local laws, rules and regulations, such certificate to be accompanied by a copy of any license, permit or other approval by any Governmental Authority required to commence and/or complete the Required Repairs, (B) identifying each Person that supplied materials or labor in connection with the Required Repairs performed at the Property to be funded by the requested disbursement under a contract in excess of $50,000, and (C) stating that each Person who has supplied materials or labor in connection with the Required Repairs to be funded by the requested disbursement has been paid in full or will be paid in full upon such disbursement, such certificate to be accompanied by lien waivers or other evidence of payment satisfactory to Lender, (iv) at Lender’s option, a title search for the Property indicating that the Property is free from all liens, claims and other encumbrances not previously approved by Lender, and (v) Lender shall have received such other evidence as Lender shall reasonably request that the Required Repairs at the Property to be funded by the requested disbursement have been completed and are paid for or will be paid upon such disbursement to Borrower. Lender shall not be required to make disbursements from the Required Repair Account with respect to the Property more than once each calendar month and such disbursement shall be made only upon satisfaction of each condition contained in this Section 7.1.2.

  • Cost of Repairs 54.1 Loss or damage to the Works or Materials to be incorporated in the Works between the Start Date and the end of the Defects Correction periods shall be remedied by the Contractor at the Contractor's cost if the loss or damage arises from the Contractor's acts or omissions.

  • Completion of Requests A Request for a Loan will not be regarded as having been duly completed unless:

  • Final Completion The full and final completion of all Work in accordance with the Contract Documents.

  • Completion of the Project The Contracting Party shall complete the construction, equipping and furnishing of the Improvements in accordance with the Plans and submit to the Board a Certificate of Completion on or before November 1, 2016.

  • MAINTENANCE, REPAIRS, OR ALTERATIONS The Tenant shall, at their own expense and at all times, maintain premises in a clean and sanitary manner, and shall surrender the same at termination hereof, in as good condition as received, normal wear and tear excepted. The Tenant may not make any alterations to the leased premises without the consent in writing of the Landlord. The Landlord shall be responsible for repairs to the interior and exterior of the building. If the Premises includes a washer, dryer, freezer, dehumidifier unit and/or air conditioning unit, the Landlord makes no warranty as to the repair or replacement of units if one or all shall fail to operate. The Landlord will place fresh batteries in all battery-operated smoke detectors when the Tenant moves into the premises. After the initial placement of the fresh batteries it is the responsibility of the Tenant to replace batteries when needed. A monthly "cursory" inspection may be required for all fire extinguishers to make sure they are fully charged.

  • Completion of Concrete Pours and Emergency Work 24.14.1 Except as provided in this sub-clause an employee shall not work or be required to work in the rain.

  • Substantial Completion Date Substantial Completion of the Work as defined in Article 6.1.2 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by July 31, 2022.

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