Common use of Defect Corrections Clause in Contracts

Defect Corrections. Upon demand of Lender, Borrower shall correct any material defect in the Improvements or any material departure from the Plans not approved by Lender.

Appears in 3 contracts

Sources: Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC)