No Obligations. Nothing in SECTION 9.3 or 9.4 shall (i) make Lender responsible for making or completing any item of work specified in the Ordinary Capital Expenditure Budget or the Capital Improvement Plan (collectively, "CAPITAL WORK"); (ii) require Lender to expend funds in addition to the Ordinary Capital Expenditures Funds or the Capital Improvement Funds to complete any Capital Work; (iii) obligate Lender to proceed with the Capital Work; or (iv) obligate Lender to demand from Borrower additional sums to complete any Capital Work.
Appears in 9 contracts
Samples: Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc)
