Common use of Construction Management Contract Clause in Contracts

Construction Management Contract. Borrower shall not, without Administrative Agent’s prior consent: (a) take any action to cancel or terminate any material right under the Construction Management Contract; (b) waive any material default under or breach of any material provisions of the Construction Management Contract, or waive, forgive, release or fail to enforce any material right thereunder; (c) amend or modify any material provision of, or give any consent under, the Construction Management Contract; or (d) enter into any other construction management or general contractor contract with respect to the Building Conversion or the Project.

Construction Management Contract. Borrower shall notnot and shall not permit Mortgage Borrower, without Administrative Agent’s prior consent: (a) take any action to cancel or terminate any material right under the Construction Management Contract; (b) waive any material default under or breach of any material provisions of the Construction Management Contract, or waive, forgive, release or fail to enforce any material right thereunder; (c) amend or modify any material provision of, or give any consent under, the Construction Management Contract; or (d) enter into any other construction management or general contractor contract with respect to the Building Conversion or the Project.