Correction of Defects. Borrower shall promptly correct any structural defect in the Improvements or any material departure from the Plans and Specifications not previously approved by Administrative Agent and any violation of any Requirement. The advance of any Loan proceeds shall not constitute a waiver of Administrative Agent’s right to require compliance with this covenant.
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Samples: Loan Agreement (Bluerock Residential Growth REIT, Inc.), Loan Agreement (Bluerock Residential Growth REIT, Inc.)
Correction of Defects. Borrower shall promptly correct any material structural defect in the Improvements or any material departure from the Plans and Specifications not previously approved by Administrative Agent Lender and any violation of any Requirementrequirement of any Governmental Authority. The advance of any Loan proceeds shall not constitute a waiver of Administrative Agent’s Lender's right to require compliance with this covenant.
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Samples: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)
Correction of Defects. Borrower shall promptly correct any structural defect in the Improvements or any material departure from the Plans and Specifications not previously approved by Administrative Agent Lender and any violation of any Legal Requirement. The advance of any Loan proceeds shall not constitute a waiver of Administrative AgentLender’s right to require compliance with this covenant.
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Correction of Defects. Borrower shall from time to time promptly correct or cause the Contractor(s) to correct any structural defect defects in the Improvements Work or any material departure from the Plans and Specifications not previously approved by Administrative Agent and any violation of any RequirementLender. The advance An Advance of any Loan proceeds Funds shall not constitute a waiver of Administrative AgentLender’s right to require compliance with this covenant.
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Correction of Defects. The Borrower shall promptly correct any structural or material defect in the Improvements Construction Project or any material departure from the Plans Construction Plans, it being understood and Specifications not previously approved by Administrative Agent and any violation of any Requirement. The agreed that the advance of any Loan proceeds shall will not constitute a waiver of the Administrative Agent’s right to require compliance with this covenant.subsection with respect to any such defects or departures. Section 5.15
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Correction of Defects. Borrower shall from time to time promptly correct or cause the Contractor(s) to correct any structural defect defects in the Improvements Work or any material departure from the Plans and Specifications Plan Documents not previously approved by Administrative Agent and any violation of any RequirementLender. The advance An Advance of any Loan proceeds Funds shall not constitute a waiver of Administrative AgentLender’s right to require compliance with this covenant.
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Samples: Loan and Security Agreement (Millennium Ethanol, LLC)
Correction of Defects. The Borrower shall promptly correct any structural or material defect in the Improvements Plans or any material departure from the Plans and Specifications or the specifications for the Equipment not previously approved accepted by Administrative Agent Agent, it being understood and any violation of any Requirement. The agreed that the advance of any Loan proceeds shall will not constitute a waiver of Administrative Agent’s right to require compliance with this covenantsection with respect to any such defects or departures.
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Samples: Credit Agreement (American Railcar Industries, Inc.)
Correction of Defects. Borrower shall promptly correct any structural defect in the Improvements or any material departure from the Plans and Specifications not previously approved by Administrative Agent lender and any violation of any Requirementrequirement of any governmental entity. The advance of any Loan proceeds shall not constitute a waiver of Administrative Agent’s Lender's right to require compliance with this covenant.
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Correction of Defects. Borrower shall from time to time promptly correct or cause the Contractor(s) to correct any structural defect defects in the Improvements Work or any material departure from the Plans and Specifications not previously approved by Administrative Agent and any violation of any RequirementLender. The advance An Advance of any Loan proceeds Funds shall not constitute a waiver of Administrative Agent’s Lender's right to require compliance with this covenant.
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