Offsite Materials definition
Examples of Offsite Materials in a sentence
If reasonably requested by Lender, Borrower shall provide Lender with a written statement from the Offsite Supplier, which statement shall include the Offsite Supplier’s acknowledgment of (i) the right of Lender to enter the Offsite Supplier’s storage facility at reasonable times for the purpose of inspecting or removing the Offsite Materials and (ii) Lender’s security interest in the Offsite Materials.
Lender shall have the right to inspect and approve the Offsite Materials.
Lender shall not be required to make disbursements for any Offsite Materials until Lender or Inspector has inspected and approved such Offsite Materials.
In no event shall Lender be required to make payment for Offsite Materials until such time as Lender has inspected and approved the Offsite Materials or expressly waived the requirement for such inspection and approval.
In no event shall Agent be required to make payment for Offsite Materials until such time as Agent has inspected and approved the Offsite Materials or expressly waived the requirement for such inspection and approval.
With Owner's prior written approval, Stored Materials may be stored in the yard or warehouse of the seller or fabricator, subject to satisfaction of conditions specified in paragraphs (a), (b) and (c) of this Section 5.6, and provided further that Owner receives satisfactory evidence that the Offsite Materials are protected against theft or damage and have been suitably identified as belonging to Developer for use in the Project.
If reasonably requested by Lender, Borrower shall provide Lender with a written statement from the Offsite Supplier, which statement shall include the Offsite Supplier's acknowledgment of (i) the right of Lender to enter the Offsite Supplier's storage facility at reasonable times for the purpose of inspecting or removing the Offsite Materials and (ii) Lender's security interest in the Offsite Materials.
In no event shall Owner be required to make Disbursements for Offsite Materials until Owner has inspected and approved the Offsite Materials or waived in writing the requirement for such inspection and approval.