Construction Litigation definition
Examples of Construction Litigation in a sentence
In all events, all Liquidated Damages received or collected pursuant to or as a result of the Construction Litigation or any arbitration, litigation, settlement or judgment related thereto or in connection therewith shall be paid to, retained by and are for the benefit of H/C I Owner only, and H/C I Owner shall be deemed the Requesting Warranty Owner for all third Party Warranties that are a part of or are asserted in the Construction Litigation and any related litigation or arbitration.
The status summary of the Construction Litigation attached hereto as Schedule 5.17 annexed hereto is true and correct in all material respects as of the date hereof.
Purchaser agrees to allow Seller, its attorneys, and its consultants, and any other parties to the Construction Litigation and their respective attorneys and consultants reasonable access to the Building and the Real Property as may be necessary for purposes of the Construction Litigation.
Notwithstanding anything to the contrary contained herein, Seller acknowledges and agrees that the Cap shall not be applicable with respect to any amount Purchaser is entitled to receive from Seller pursuant to, and in accordance with, the terms and provisions of this Construction Litigation Indemnity.
Prior to joining CDM ▇▇▇▇▇ in 2008, ▇▇▇▇▇ was an associate at a national law firm in the Real Estate Finance and Construction Litigation practice groups.
A default under Section 8.13 of the Credit Agreement that has occurred because of any default under the Construction Management Agreement relating to or arising out of the Construction Litigation, provided that such waiver shall not extend beyond the Completion Date.
As more fully set forth in the Litigation Support Agreement attached hereto as Exhibit N, Buyer hereby agrees to reasonably cooperate with Seller with respect to Seller's on-going prosecution of the Construction Litigation.
The status summary of the Construction Litigation attached hereto as SCHEDULE 5.17 is true and correct in all material respects as of the date hereof.
Seller agrees to defend, indemnify and hold Purchaser harmless against any claims that may be made against Purchaser by any defendant or third- party defendant in the Construction Litigation that are based on or arise out of the claims made by the Seller in the Construction Litigation ("Construction Litigation Indemnity").
Purchaser and Seller acknowledge and agree that, notwithstanding anything in this Agreement to the contrary, Seller is not conveying to Purchaser any interest in the claims that have been made by the Seller in the Construction Litigation, which are described in the Third Amended Verified Complaint filed on January 7, 1997, in the Construction Litigation.