Common use of Initial Development Contracts Clause in Contracts

Initial Development Contracts. Borrower shall perform faithfully all of its obligations under the Construction Contracts, Architects Agreements, Civil Engineer’s Agreements for the Project. Borrower shall not modify, terminate or amend any of such contracts and agreements without first obtaining the written approval of Agent, except in connection with Permitted Construction Change Orders.

Appears in 1 contract

Sources: Credit Agreement (Behringer Harvard Opportunity REIT I, Inc.)

Initial Development Contracts. Borrower shall perform faithfully all of its obligations under the Construction Contracts, Architects Agreements, Civil Agreements and MEP Engineer’s Agreements for the Project. Borrower shall not modify, terminate or amend any of such contracts and agreements without first obtaining the written approval of AgentLender not to be unreasonably withheld or delayed, except in connection with Permitted Construction Change Orders.

Appears in 1 contract

Sources: Development Loan and Security Agreement (Equinix Inc)