General Contractor definition
Examples of General Contractor in a sentence
Mortgage Borrower shall maintain, if applicable, and shall cause General Contractor and all Trade Contractors to carry Commercial Automobile Liability insurance covering “Owned” (if any), “Hired” and “Non Owned Auto Liability” with combined single limits acceptable to Administrative Agent.
Mortgage Borrower shall have entered into one or more effective General Contractor Agreements with General Contractors for 100% of the Required Improvements, which agreements shall be in form and substance acceptable to Administrative Agent and include a guaranteed maximum price reasonably acceptable to Administrative Agent and a certificate undertaking to continue to perform on Administrative Agent’s behalf provided that General Contractor is paid for ongoing work.
Each Material Design Professional which is an Architect or Engineer and the General Contractor and each Major Trade Contractor (other than the General Contractor), as applicable, shall have delivered an Architect Consent, the Consent of General Contractor Agreement, and Engineer Consent, or a Major Trade Contractor Consent, as applicable.
Administrative Agent and Construction Consultant shall have received evidence reasonably acceptable to them, or otherwise be reasonably satisfied, that Component Substantial Completion of all Components included in such applicable General Contractor Agreement has occurred.
Borrower may from time to time deliver to Administrative Agent and Administrative Agent’s Construction Consultant a list of the names of prospective Major Trade Contractors with whom a General Contractor or Mortgage Borrower may contract for the construction of the Required Improvements.