WORKMANLIKE COMPLETION Sample Clauses
The Workmanlike Completion clause requires that all work performed under a contract be completed in a manner consistent with the standards of skill, care, and diligence typically expected in the relevant industry. This means that contractors or service providers must ensure their work is free from defects, meets applicable codes, and is performed by qualified personnel. By setting a clear expectation for the quality and professionalism of the work, this clause helps prevent disputes over substandard performance and ensures that the final product meets the agreed-upon standards.
WORKMANLIKE COMPLETION. (a) Borrower shall make each Replacement when required in order to keep the Property in good order and repair and in a good marketable condition and to keep the Property or any portion thereof from deteriorating. Borrower shall complete all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.
(b) Lender shall have the right to approve all contracts or work orders with materialmen, mechanics, suppliers, subcontractors, contractors or other parties providing labor or materials in connection with the Replacements. Upon Lend▇▇'▇ ▇equest, Borr▇▇▇▇ ▇▇▇ll assign any contract or subcontract to Lender as additional security for the Indebtedness.
(c) In the event Lender determines in its sole discretion that any Replacement is not being performed or completed in a workmanlike or timely manner, Lender shall have the option to withhold disbursement for such unsatisfactory Replacement, and may proceed under existing contracts or contract with third parties to complete such Replacement and to apply the Replacement Reserve toward the labor and materials necessary to complete such Replacement, without providing any prior notice to Borrower and to exercise any and all other remedies available to Lender upon a default or Event of Default.
(d) If at any time during the term of the Loan, Lender determines that replacements not listed on Exhibit A are advisable to keep the Property in good order and repair and in a good marketable condition, or to prevent deterioration of the Property (the "Additional Replacements") Lender may send Borrower written notice of the need for making such Additional Replacements. Borrower shall promptly commence making such Additional Replacements in accordance with all the requirements of the Security Instrument. Reimbursement from the Replacement Reserve for such Additional Replacements shall not be made unless Lender has determined to do so pursuant to Section 4(f). Except for Section 4, all references in this Agreement to "Replacements" shall include the "Additional Replacements."
(e) In order to facilitate Lend▇▇'▇ ▇ompletion or making the Replacements pursuant to Sections 5(c) and (d) above, Lender is granted the right to enter onto the Property and perform any and all work and labor necessary to complete or make the Replacements and employ watchmen to protect the Property from damage. All sums so expended by Lend▇▇ ▇▇▇ll be deemed to have been advanced to Borrower and...
WORKMANLIKE COMPLETION. Borrower shall make Replacements when required in order to keep the Property in good order and repair and in good marketable condition, and to keep the Property or any portion thereof from deteriorating. With respect to those Replacements identified as Scheduled Repairs, Borrower shall commence the work in connection with each such Scheduled Repair on or before the date specified in Exhibit A, and shall diligently pursue such work to completion, and shall complete such Scheduled Repair no later than the date specified therefor in Exhibit A. Borrower shall complete all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.
WORKMANLIKE COMPLETION. (a) If ▇▇▇▇▇▇ ▇▇▇ determines that Borrower has failed to proceed diligently with any Repair, any Repair is not being performed in a workmanlike or timely manner, or the Repairs have not been completed prior to the Required Completion Date, ▇▇▇▇▇▇ Mae may assume responsibility for the completion of the remaining Repairs upon at least one business day's prior notice to Borrower.
(b) In order to facilitate ▇▇▇▇▇▇ Mae’s completion or making of the Repairs under Section 7.1(a), ▇▇▇▇▇▇ Mae shall have the right to enter onto the Property and perform any work and labor necessary to make or complete the same and employ watchmen to protect the Property from damage. All sums expended by ▇▇▇▇▇▇ ▇▇▇ pursuant to this Section 7.1(b) or any other provision of this Agreement shall be deemed to have been advanced to Borrower and shall be secured by the Security Instrument. Borrower hereby constitutes and appoints ▇▇▇▇▇▇ Mae its true and lawful attorney-in-fact with full power of substitution to complete or undertake the Repairs in the name of Borrower. Such power of attorney shall be deemed to be a power coupled with an interest, and cannot be revoked. Borrower agrees that all power granted to ▇▇▇▇▇▇ ▇▇▇ pursuant to this paragraph may be exercised by ▇▇▇▇▇▇ Mae, ▇▇▇▇▇▇ Mae’s successors and/or assigns, or Servicer.
(c) Nothing in this Section 7.1 shall require ▇▇▇▇▇▇ Mae to expend funds other than those funds in the Escrow to make or complete any Repair.
WORKMANLIKE COMPLETION. Borrower shall make Replacements when required in order to keep the Hotel in good order and repair and in good marketable condition, and to keep the Hotel or any portion thereof from deteriorating in any material respects. Borrower shall complete all Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such Replacement.
WORKMANLIKE COMPLETION. Borrower shall complete all Required Work in a good and workmanlike manner as soon as practicable following the commencement of such Required Work.
WORKMANLIKE COMPLETION. Borrower shall make Tenant Improvements when required under the terms of the applicable Lease. Borrower shall complete all Tenant Improvements in a good and workmanlike manner as soon as practicable following the commencement of making each such Tenant Improvement.