General Contract. Lender shall have received (i) a certified copy of the General Contract which (A) shall be in the form (including any Change Orders that require Lender’s approval pursuant to Section 3.15 hereof) previously approved by Lender, (B) shall have been duly executed and delivered by the parties thereto, and (C) shall be in full force and effect, (ii) a duly executed and completed General Contractor’s Consent, in the form required hereunder and otherwise reasonably acceptable to Lender and Construction Consultant, and (iii) copies of the General Contractor’s license(s) necessary to operate, which shall be reasonably acceptable to Lender and Construction Consultant.
Appears in 2 contracts
Sources: Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (Hard Rock Hotel Holdings, LLC)