Required Construction Documents Sample Clauses
The Required Construction Documents clause mandates that specific documents must be prepared, submitted, and approved before construction work can begin. Typically, this includes architectural drawings, engineering plans, specifications, and any permits or approvals necessary for the project. By clearly outlining which documents are needed and when they must be provided, this clause ensures that all parties have a shared understanding of the project's requirements, reducing the risk of delays, misunderstandings, or non-compliance with legal or regulatory standards.
Required Construction Documents. With respect to each Condominium Building Allocation within the first Phase of the Project, and with respect to each Condominium Building Allocation within each subsequent Phase of the Project, and with respect to the Garage/Amenity Allocation, and to the extent not previously delivered, Borrower shall cause to be furnished to Lender the following, in form and substance satisfactory to Lender and Lender’s Consultant in all respects, for Lender’s approval:
(a) Fully executed copies of the following, each satisfactory to Lender and Lender’s Consultant in all respects: (i) a General Contract with the General Contractor; (ii) Major Subcontracts; and (iii) all contracts with architects and engineers;
(b) A Budget for the Condominium Building, as well as a trade payment breakdown, setting forth a description of all contracts let by Borrower and/or the General Contractor for the design, engineering, construction and equipping of such Condominium Building;
(c) An initial sworn statement of the General Contractor, approved by Borrower, Architect and Lender’s Consultant covering all work done and to be done within the applicable Phase, together with lien waivers covering all work and materials for which payments have heretofore been made by Borrower;
(d) Copies of each of the Required Permits, except for those Required Permits which cannot yet be issued, in which event such Required Permits will be obtained by Borrower on a timely basis in accordance with all applicable building, land use, zoning and environmental codes, statutes and regulations and will be delivered to Lender at the earliest possible date. In all events the Required Permits required to be delivered prior to the initial disbursement of Loan proceeds with respect to a Condominium Building Allocation and the Garage/Amenity Allocation shall include permits necessary to commence development of the applicable Condominium Building or garage and amenity;
(e) Full and complete detailed Plans and Specifications for the Improvements contained in the Project in duplicate, prepared by the Architect;
(f) The Construction Schedule;
(g) The Soil Report;
(h) The Environmental Report;
(i) A report or reports from Lender’s Consultant which contains an analysis of the Plans and Specifications, the applicable Budget, the Construction Schedule, the General Contract, all subcontracts then existing and the Soil Report. Such report shall be solely for the benefit of Lender and contain (i) an analysis satisfactory to Lender...
Required Construction Documents. Borrower shall obtain prior to the Construction Commencement Date, and as a condition for any advances to be made subsequent to the Construction Commencement Date, Lender’s approval of each of the following items:
Required Construction Documents. Borrower shall cause the following to be furnished to Lender in sufficient time for review by Lender prior to the Loan Opening Date, all in form and substance satisfactory to Lender:
(a) Executed copies of all of Borrower's existing contracts with engineers, including its contracts with the Engineer and copies of the General Contracts.
(b) Plans and Specifications (in duplicate) for the Construction, together with a certificate of the Engineer in favor of Lender which shall be in the form attached as Exhibit E.
(c) Such documents as Lender may reasonably require (i) in connection with applications for disbursements of Loan proceeds; (ii) to establish the identity and power and authority of any person or persons who may be authorized by Borrower to execute such documents; (iii) to establish that all permits, licenses and approvals (including any and all environmental protection permits) required for the Construction of the Improvements have been obtained by Borrower; and (iv) to establish that the Improvements, once constructed, will comply with all applicable zoning, building and fire codes, laws, regulations and ordinances.