Existing Project Sample Clauses
The "Existing Project" clause defines and clarifies what constitutes the pre-existing work, materials, or intellectual property that a party brings into a new agreement or collaboration. Typically, this clause will specify the scope of such prior work, list or describe the relevant assets, and establish that these items remain the property of the original owner, even as new work is created under the contract. By doing so, the clause prevents confusion or disputes over ownership of pre-existing materials and ensures that only new contributions are subject to the terms of the agreement.
Existing Project. (a) Borrower shall cause Ionis to complete the Existing Project in a good and workmanlike manner and on a lien-free basis.
(b) The Existing Project and all materials, equipment, fixtures, or any other item comprising a part of the Existing Project shall be constructed, installed or completed, as applicable, free and clear of all liens, claims and other encumbrances not previously approved by Lender.
(c) The Existing Project shall comply with all applicable Legal Requirements of all Governmental Authorities having jurisdiction over the Property and all applicable insurance requirements (including, without limitation, applicable building codes, special use permits, environmental regulations, and requirements of insurance underwriters) and any other restrictions encumbering the Property, including, without limitation, the REAs.
(d) In addition to any insurance required under the Loan Documents, Borrower shall provide or cause Ionis to provide builder’s risk insurance, workers’ compensation insurance, public liability insurance and other insurance to the extent required by the applicable Legal Requirements in connection with any portion of the Existing Project. All such policies shall be in form and amount reasonably satisfactory to Lender. All such policies which can be endorsed with a non-contributing mortgagee clause (or its equivalent) making loss thereunder payable to Lender and its successors and/or assigns shall be so endorsed. At Lender’s written request, certified copies of such policies shall be delivered to Lender.
(e) Borrower shall provide (or cause Ionis to provide) to Lender copies of such contracts, plans, specifications, budgets, surveys and other information and/or documents with respect to the Existing Project as Lender may reasonably request.
(f) [Reserved].
(g) All of the Existing Projects shall be completed prior to the date that is at least six (6) months prior to the Stated Maturity Date.
(h) Borrower provides (or causes Ionis to provide) to Lender written evidence reasonably acceptable to Lender in all respects that the Existing Project complies with all applicable requirements set forth in the REA, and all approvals required pursuant to the terms of any REA have been obtained by Borrower or Ionis, as applicable (to the extent any such approvals are required pursuant to the terms of any REA).
(i) Upon completion of the Existing Project, Borrower provides to Lender written evidence reasonably acceptable to Lender in all respects that th...
Existing Project. Where the Agent is assuming its role from a prior strata agent or from a self-managed building, the Agent shall not be responsible for errors, missing or inaccurate information in the records, information or materials of the prior agent or the self-managed building provided to the Agent, or for any consequential errors, missing or inaccurate information in the records or materials maintained by the Agent. Nor is the Agent responsible for the past financial affairs of the Strata Corporation, including matters relating to the status of any employee or contractor of the Strata Corporation. The Agent will not, unless expressly directed by the Strata Corporation, conduct a detailed review of the records, information, materials or practices of the prior agent or self managed strata corporation, except as is necessary to fulfill its role going forward under this Agreement.
Existing Project. The Parties agree that this Section 3.2 ----------- will not apply to any work related to Applied's project, under discussion with a third party as of the Effective Date, ****.
Existing Project. Where the Agent is assuming its role from a prior strata agent or from a self- managed building, the Agent shall not be responsible for errors, missing or inaccurate information in the records, information or materials of the prior agent or the self-managed building provided to the Agent, or for any consequential errors, missing or inaccurate information in the records or materials maintained by the Agent. The Agent is not responsible for the past financial affairs of the Strata Corporation, including matters relating to the status of any employee or contractor of the Strata Corporation;