Construction Warranty definition
Examples of Construction Warranty in a sentence
Such warranties are referred to herein as the Construction Warranty.
However, the provisions of the Agreement relating to Professional Responsibility Construction Warranty; Professional Liability coverage; Indemnification; and Ownership of Documents/Confidential Information shall remain in effect after termination of the other provisions of the Agreement.
In addition to the Construction Warranty, CM/GC shall provide all additional warranties called for in the Specifications.
Landlord shall use commercially reasonable efforts to enforce all manufacturer’s materialman’s, vendor’s, and contractor’s warranties on the Premises (regardless of the duration of the Construction Warranty hereunder).
The calling for or the furnishing of written warranties or bonds shall in no way limit the Construction Warranty and the contractual obligations of CM/GC hereunder, including but not limited to the obligation correct the Work as set forth in Section 2.4.4. The remedies stated in this Section are in addition to the remedies otherwise available to Owner, do not exclude such other remedies, and are without prejudice to any other remedies.
On the Closing Date, Seller shall execute and deliver and shall cause the Contractor to execute and deliver the Construction Warranty to Buyer in the form attached hereto as Exhibit G.
Seller shall cooperate with Purchaser’s enforcement of the Hotel Construction Warranty.
This Warranty Agreement runs to the benefit of Purchaser and its successors-in-interest to the Property during the Construction Warranty Period.
Except as otherwise expressly provided in this Agreement, each Party shall pay its own costs and expenses incurred in connection with the negotiation, execution, performance and enforcement of its rights and obligations under this Agreement and the transactions contemplated hereby.
All remaining construction warranties related to the Hotel Complex (collectively, the “Construction Warranties”) are in force for the remainder of their validity period), and no waiver has been made under any Construction Warranty.