Common use of Contractors and Contracts Clause in Contracts

Contractors and Contracts. Upon demand by Lender, the Borrower shall furnish to Lender, from time to time, correct lists of all contractors and subcontractors employed in connection with the Development Work and the Construction Improvements. Each such list shall show the name, address and telephone number of each such contractor or subcontractor, a general statement of the nature of the work to be done, the labor and materials to be supplied, the names of materialmen, if known, and the approximate dollar value of such labor, work and materials with respect to each. Upon an Event of Default, Lender shall have the right, and at any time the Inspector shall have the right (in both cases without either the obligation or the duty), to contact directly each contractor, subcontractor and materialman to verify the facts disclosed by said list or for any other purpose.

Appears in 2 contracts

Samples: Loan Agreement (United Homes Inc), Loan Agreement (United Homes Inc)

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Contractors and Contracts. Upon demand by the Lender, the Borrower Project Owner shall furnish to the Lender, from time to time, correct lists of all contractors and subcontractors employed in connection with the Development Work and the Construction ImprovementsWork. Each such list shall show the name, address and telephone number of each such contractor or subcontractor, a general statement of the nature of the work to be done, the labor and materials to be supplied, the names of materialmen, if known, and the approximate dollar value of such labor, work and materials with respect to each. Upon an Event of Default, the Lender shall have the right, and at any time the Inspector shall have the right (in both cases without either the obligation or the duty), to contact directly each contractor, subcontractor and materialman to verify the facts disclosed by said list or for any other purpose.

Appears in 2 contracts

Samples: Loan Agreement (Bluegreen Corp), Loan Agreement (Bluegreen Corp)

Contractors and Contracts. Upon demand by Lender, the Borrower shall furnish to Lender, from time to time, correct lists of all contractors and subcontractors employed in connection with the Development Work and the Construction ImprovementsWork. Each such list shall show the name, address and telephone number of each such contractor or subcontractor, a general statement of the nature of the work to be done, the labor and materials to be supplied, the names of materialmen, if known, and the approximate dollar value of such labor, work and materials with respect to each. Upon an Event of Default, Lender shall have the right, and at any time the Inspector shall have the right (in both cases without either the obligation or the duty), to contact directly each contractor, subcontractor and materialman to verify the facts disclosed by said list or for any other purpose.

Appears in 1 contract

Samples: Loan Agreement (United Homes Inc)

Contractors and Contracts. Upon From time to time, upon demand by Lender, the Borrower shall will furnish to Lender, from time to time, correct lists of all contractors and subcontractors employed in connection with the Development Work and the Construction ImprovementsWork. Each such list shall must show the name, address and telephone number of each such contractor or subcontractor, a general statement of the nature of the work to be done, the labor and materials to be supplied, the names of materialmenmaterial providers, if known, and the approximate dollar value of such the labor, work and materials with respect to each. Upon an Event of Default, Lender shall have has the right, and at any time the Inspector shall have has the right (in both cases without either the obligation or the duty), to contact directly each contractor, subcontractor and materialman to verify the facts disclosed by said the list or for any other purpose.

Appears in 1 contract

Samples: Loan Agreement (William Lyon Homes)

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Contractors and Contracts. Upon demand by the Lender, the Borrower Project Owner shall furnish to the Lender, from time to time, correct lists lists, to the extent known or obtainable, of all contractors and subcontractors employed in connection with the Development Work and the Construction ImprovementsWork. Each such list shall show show, to the extent known or obtainable, the name, address and telephone number of each such contractor or subcontractor, a general statement of the nature of the work to be done, the labor and materials to be supplied, the names of materialmen, if known, and the approximate dollar value of such labor, work and materials with respect to each. Upon an Event of Default, the Lender shall have the right, and at any time the Inspector shall have the right (in both cases without either the obligation or the duty), to contact directly each contractor, subcontractor and materialman to verify the facts disclosed by said list or for any other purpose.

Appears in 1 contract

Samples: Loan Agreement (Bluegreen Corp)

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