Common use of No Construction Clause in Contracts

No Construction. Prior to the disbursement of this Loan and the recordation of the Security Instrument, no construction whatsoever has been performed on the Property by Borrower or its Affiliates.

Appears in 4 contracts

Samples: Senior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Senior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Junior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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No Construction. Prior to the disbursement of this the Loan and the recordation of the Security Instrument, no construction whatsoever has been performed on the Property Land by Borrower or its Affiliates.

Appears in 1 contract

Samples: Senior Mezzanine Loan Agreement (Behringer Harvard Multifamily Reit I Inc)

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