Common use of OFF-SITE WORK Clause in Contracts

OFF-SITE WORK. To the extent required by the Plans and Specifications, Borrower shall promptly commence and complete any off-site improvements (including public streets, walks and like areas adjoining the Improvements) as required and provide any utilities and other facilities required, all in accordance with Governmental Requirements. Unless otherwise provided herein or in other Loan Documents, such off-site improvements shall be deemed part of the work of construction of the Improvements. Borrower expressly agrees to indemnify Lender and to hold Lender harmless against any claim of surety furnishing a bond for such work to the Governmental Authorities having jurisdiction, whether such claims be founded upon existing or future liability, and whether such liability be expressed or implied.

Appears in 1 contract

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

OFF-SITE WORK. To the extent required by the Plans and Specifications, Borrower Borrowers shall promptly commence and complete any off-site off‑site improvements (including public streets, walks and like areas adjoining the Section N Improvements) as required and provide any utilities and other facilities required, all in accordance with Governmental Requirements. Unless otherwise provided herein or in other Loan Documents, such off-site off‑site improvements shall be deemed part of the work of construction of the Section N Improvements. Borrower Borrowers expressly agrees agree to indemnify Lender Bank and to hold Lender Bank harmless against any claim of surety furnishing a bond for such work to the Governmental Authorities having jurisdiction, whether such claims be founded upon existing or future liability, and whether such liability be expressed or implied.

Appears in 1 contract

Sources: Loan Agreement (Stratus Properties Inc)