Inspecting Architect definition

Inspecting Architect means the architect, if any, hired by Lessor to perform inspections of the premises. An Inspecting Architect may only be engaged by Lessor in the event of a default relating to construction of the Improvements under the Development Financing Documents.

Inspecting Architect means AECC, Inc. The Inspecting Architect shall make regular inspections of the construction site, but in no event less than once a month, to confirm that construction of the Improvements is in conformance with the Plans and Specifications. The Inspecting Architect will sign-off on all the draw requests made by the Contractor and provide the documents specified in Section 14.3

Inspecting Architect means an independent architectural or engineering firm employed by the Agent with respect to a Mortgaged Property. The Borrower may submit to the Agent a list of suggested architectural and engineering firms for consideration by the Agent. The Agent shall not, however, be obligated to select or retain an Inspecting Architect from such list.

Examples of Inspecting Architect in a sentence

• Any inspections made by Inspecting Architect, Title or Lessor are for the sole benefit of Lessor and neither Lessee nor any creditor, tenant or vendee of Lessee shall be entitled to rely on such inspection.

• The Lessor, Title and Inspecting Architect shall have the right at all reasonable times and upon reasonable prior notice to inspect, examine and copy all books and records of Lessee relating to the Project, and to enter and have free access to the Leased Premises and Improvements and to inspect all work done, labor performed and material furnished in or about the Project, provided that such is accomplished without interrupting the construction process.

• As of the date immediately prior to any Disbursement, the total amount of unadvanced proceeds of the Development Financing shall be sufficient, in the commercially reasonable opinion of Lessor (the opinion of Lessor being based upon affidavit of the General Contractor, the Project Architect, the Inspecting Architect, or other reliable licensed third party contractor) to complete the Improvements free of liens.

• All costs shall have been approved in writing by the Project Architect, Lessee, Contractor, and if required by Lessor, by the Inspecting Architect.

• If there comes into being any identity of interest between the Partnership and the Inspecting Architect, or between the Contractor and the Inspecting Architect, then the General Partner will immediately relieve the Inspecting Architect of any inspecting duties.

More Definitions of Inspecting Architect

Inspecting Architect means such person or entity as Lender may designate from time to time to inspect the construction of the Improvements and to perform other services with respect thereto on behalf of Lender.

Inspecting Architect. The independent architect, engineer or consultant (whether one or more) selected by Lender to advise Lender with respect to any Project.

Inspecting Architect means the architect or engineer selected by Lender to monitor construction of the Project.

Inspecting Architect means Xxxxxxx Xxxxxx, or any successor from Security National Bank thereto with the Consent of the Special Limited Partner. The Inspecting Architect shall make regular inspections of the construction site, but at least prior to each draw request for payment by the contractor , to confirm that construction and renovation of the Improvements are in conformance with the Plans and Specifications. The Inspecting Architect will sign-off on all the draw requests made by the Contractor and provide the documents specified in Section 14.3(a) of this Agreement. The Partnership shall budget for, and pay the cost of, the Inspecting Architect. If there is, at any time, an identity of interest between the Partnership and the Inspecting Architect, or between the Contractor and the Inspecting Architect, then the General Partner will immediately relieve the Inspecting Architect of any inspecting duties. The General Partner shall dismiss the Inspecting Architect for cause if the Inspecting Architect fails to detect, or fails to notify the General Partner and Special Limited Partner within five business days of a draw request, that: (a) the construction and renovation budget is not In-Balance; (b) a change order; (c) any modification to the Plans and Specifications; or (d) any modification to a construction or renovation line item from the approved construction and renovation budget as specified in the Development, Renovation, Construction and Operating Budget Agreement.

Inspecting Architect means the architect, if any, hired by Lessor to perform inspections of the premises. An Inspecting Architect may only be engaged by Lessor in the event of a default relating to construction of the Improvements under the Development Financing Documents. 17. "Leased Premises" shall mean the real property described in the Exhibit "A" attached to this Agreement, together with all Improvements, equipment and fixtures thereon. 18. "Lessee Equity" shall mean the final Construction Costs less the amount of the Development Financing. 19. "Plans and Specifications" shall mean the plans and specifications prepared by the Project Architect who shall be licensed in the jurisdiction of the Leased Premises and selected by Lessee. 20. "Project" shall mean the construction of the Improvements on the Leased Premises. 21. "Project Architect" shall mean the architect retained by Lessee to design and supervise construction of the Improvements. 22. "Rental Modification Date" shall mean a date one hundred and eighty days (180) from the date hereof. 23. "Sub-Contractors" shall mean those persons furnishing labor or materials for the Project pursuant to the Sub-Contracts. 24. "Sub-Contracts" shall mean the contracts between the Contractor and its materialmen and mechanics in the furnishing of labor or materials for the Project. 25. "Title" shall mean Lawyers Title Insurance Corporation issuing the Lessor's fee owner's title insurance policy.

Inspecting Architect means the architectural, engineering or other consultant firm retained by Lender, at Borrower’s cost, to conduct on-site inspections of the work-in-progress related to the Project, and to issue periodic reports to Lender as to progress of construction and adherence to the Construction Plans.

Inspecting Architect means Xxxxxxx, Xxxxxxx and Associates, Architets, LLC. The Inspecting Architect shall make regular inspections of the construction site, but in no event less than once a month, to confirm that construction of the Improvements is in conformance with the Plans and Specifications. The Inspecting Architect will sign-off on all the draw requests made by the Contractor and provide the documents specified in Section 14.3 of this Agreement.