Easements and Permits. The Borrower shall submit to the Government, when required by the Administrator, evidence satisfactory to the Administrator that the Borrower has obtained such easements from landowners and releases from lienors and such franchises, authorizations, permits, licenses, certificates of public convenience and necessity, approvals, and orders from public bodies and others, as the Administrator shall deem necessary or advisable in connection with the Project or the Loan. If required so to do by the Administrator, the Borrower shall cause such easements and releases to be recorded in appropriate offices of record. Except with the consent of the Administrator, none of the funds advanced on account of the Loan and none of the equity funds shall be used by the Borrower to pay for easements obtained from landowners, or for releases of liens affecting easements.
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Sources: Telephone Loan Contract (Dakota Cooperative Telecommunications Inc)
Easements and Permits. The Borrower shall submit to the Government, when required by the Administrator, evidence satisfactory to the Administrator that the Borrower has obtained such easements from landowners and releases from lienors and such franchises, authorizations, permits, licenses, certificates of public convenience and necessity, approvals, and orders from public bodies and others, as the Administrator shall deem necessary or advisable in connection with the Project or the Loan. If required so to do by the Administrator, the Borrower shall cause such easements and releases to be recorded in appropriate offices of record. Except with the consent of the Administrator, none of the funds advanced on account of the Loan and none of the equity funds shall be used by the Borrower to pay for easements obtained from landowners, or for releases of liens affecting easements.. - 6 -
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