Common use of No Commencement Clause in Contracts

No Commencement. As of the date of this Agreement, no steps to commence construction on the Land have been taken, including, without limitation, steps to clear or otherwise prepare the Land for construction or the delivery of material for use in construction of the Improvements; and no contract or other agreement for construction has been entered into for furnishing materials for that construction or for any other purpose, the performance of which by the other party thereto could give rise to a Lien on the Mortgaged Property.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (CNL Growth Properties, Inc.)

AutoNDA by SimpleDocs

No Commencement. As of the date of this Agreementhereof, no steps to commence construction on the Land have been taken, including, without limitation, steps to clear or otherwise prepare the Land for construction or the delivery of material for use in construction of the Improvements; and no action has been taken under the Construction Contract or any other contract or other agreement for construction has been entered into for furnishing materials for that construction or for any other purpose, the performance of which by the other party thereto could give rise to a Lien lien on the Mortgaged PropertyLand.

Appears in 2 contracts

Samples: Construction Loan Agreement (Stratus Properties Inc), Construction Loan Agreement (Stratus Properties Inc)

No Commencement. As of the date of this Agreement, no steps to commence construction on the Land have been takenLand, including, without limitation, including steps to clear or otherwise prepare the Land for construction thereon or the delivery of material for use in construction of the Improvements; and no , have been taken, nor has any contract or other agreement for construction has thereon been entered into into, for furnishing materials for that such construction or for any other purpose, including with a Design Professional, the performance of which by the other party thereto could would give rise to a Lien lien on the Mortgaged PropertyLand.

Appears in 2 contracts

Samples: Construction Loan Agreement (IMH Financial Corp), Construction Loan Agreement (Owens Realty Mortgage, Inc.)

No Commencement. As of the date of this Agreement, no steps to commence construction on the Land have been taken, including, without limitation, steps to clear or otherwise prepare the Land for construction or the delivery of material for use in construction of the Improvements; and no action has been taken under any contract or other agreement for construction has been entered into for furnishing materials for that construction or for any other purpose, the performance of which by the other party thereto could give rise to a Lien on the Mortgaged PropertyLien.

Appears in 1 contract

Samples: Construction Loan Agreement (Global Growth Trust, Inc.)

AutoNDA by SimpleDocs

No Commencement. As of the date of this Agreement, no steps to ---------------- commence construction on or rehabilitation of the Land have been takenImprovements, including, without limitation, including steps to clear or otherwise prepare the Land for construction thereon or the delivery of material for use in construction or rehabilitation of the Improvements; and no , have been taken, nor has any contract or other agreement for construction has thereon been entered into into, for furnishing materials for that such construction or for any other purpose, the performance of which by the other party thereto could would give rise to a Lien lien on the Mortgaged PropertyLand.

Appears in 1 contract

Samples: Construction Loan Agreement (Rampart Capital Corp)

No Commencement. As Except as disclosed to Agent and the Title Company in writing, as of the date of this Agreement, no steps to commence construction on the Land have been takenLand, including, without limitation, including steps to clear or otherwise prepare the Land for construction thereon or the delivery of material for use in construction of the Improvements; and no , have been taken, nor has any contract or other agreement for construction has thereon been entered into into, for furnishing materials for that such construction or for any other purpose, the performance of which by the other party thereto could would give rise to a Lien lien on the Mortgaged PropertyLand.

Appears in 1 contract

Samples: Borrowing Base Loan Agreement (Wilson Holdings, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.