Construction Issues. Borrower shall not (i) incur or suffer to exist any delays in completion of the Construction Project, (ii) agree to any change order which would increase the Project Cost by $20,000.00 or more, or any change order(s) which, in the aggregate, would increase the Project Cost by $100,000.00 or more without the prior written approval of Lender, or (iii) make any changes in the Construction Project to achieve cost savings without the prior written approval of Lender. Borrower shall deliver to Lender and Lender’s Construction Consultant within five (5) business days after any change orders are made, a copy of such change order and an associated update of the Construction Budget which have been approved by the Architect and the Contractor.
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Construction Issues. Borrower shall not (i) incur or suffer to exist any delays in completion of the Construction Project, (ii) agree to any change order which would increase the Project Cost by $20,000.00 or more, or any change order(s) which, in the aggregate, would increase the Project Cost by $100,000.00 or more without the prior written approval of Lender, or (iii) make any changes in the Construction Project to achieve cost savings without the prior written approval of Lender. Borrower shall deliver to Lender and Lender’s 's Construction Consultant within five (5) business days after any change orders are made, a copy of such change order and an associated update of the Construction Budget which have been approved by the Architect and the Contractor.
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