Common use of Laborers, Subcontractors and Materialmen Clause in Contracts

Laborers, Subcontractors and Materialmen. Borrower shall notify Lender promptly, and in writing, if Borrower receives any default notice, notice of lien or demand for past due payment, written or oral, from any laborer, subcontractor or materialmen. Borrower will also furnish to Lender at any time and from time to time upon reasonable demand by Lender, lien waivers in form reasonably satisfactory to Lender bearing a then current date from the Major Contractors and the Major Subcontractors.

Appears in 4 contracts

Samples: Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust)

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Laborers, Subcontractors and Materialmen. Borrower shall notify Lender promptlyimmediately, and in writing, if Borrower Bxxxxxxx receives any default notice, notice of lien or demand for past due payment, written or oral, from any laborer, subcontractor or materialmen. Borrower will also furnish to Lender at any time and from time to time upon reasonable demand by LenderLxxxxx, lien Lien waivers in form reasonably satisfactory to Lender bearing a then current date from each Major Trade Contractor covering work performed which was the Major Contractors and basis of the Major Subcontractorsimmediately prior Additional Advance.

Appears in 1 contract

Samples: Building Loan Agreement (ACRES Commercial Realty Corp.)

Laborers, Subcontractors and Materialmen. Borrower shall notify Lender promptly, and in writing, if Borrower receives any written default notice, notice of lien or demand for past due payment, written or oral, from any contractor, laborer, subcontractor or materialmen. Borrower will also furnish to Lender at any time and from time to time upon reasonable demand by Lender, lien waivers in conformity with the Lien Law and otherwise in form reasonably satisfactory to Lender bearing a then current date from the Major Contractors and the Major Subcontractorsapplicable contractor(s).

Appears in 1 contract

Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT II, Inc.)

Laborers, Subcontractors and Materialmen. Borrower shall notify Lender promptly, and in writing, if Borrower receives any default notice, notice of lien Lien or demand for past due payment, written or oral, from any contractor, laborer, subcontractor or materialmen. Borrower will also furnish to Lender at any time and from time to time upon reasonable demand by Lender, lien waivers in form reasonably satisfactory to Lender bearing a then current date from the Major Contractors and the Major Subcontractors.

Appears in 1 contract

Samples: Loan Agreement (Lazydays Holdings, Inc.)

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Laborers, Subcontractors and Materialmen. Borrower Borrowers shall notify Lender promptly, and in writing, if Borrower receives Borrowers or Mortgage Borrowers receive any default notice, notice of lien or demand for past due payment, written or oral, from any laborer, subcontractor or materialmen. Borrower Borrowers will also furnish or cause to be furnished to Lender at any time and from time to time upon reasonable demand by Lender, lien waivers in form reasonably satisfactory to Lender bearing a then current date from the Major Contractors and the Major SubcontractorsContractors.

Appears in 1 contract

Samples: First Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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