FINOVA's Inspector definition
Examples of FINOVA's Inspector in a sentence
The cost of retaining FINOVA's Inspector shall be borne by Borrower.
If FINOVA, or FINOVA's Inspector acting on behalf of FINOVA, should review or inspect the Plans, the Construction Contract(s), the Budget, the construction of the Work or any books and records pertaining thereto, FINOVA and FINOVA's Inspector shall have no liability or obligation to Borrower or any third person arising out of such inspection; and neither Borrower nor any third person shall be entitled to rely upon any such inspection or review.
FINOVA and FINOVA's Inspector owe no duty of care to Borrower or any third person to protect against, or inform Borrower or any third person of, the existence of negligence, faulty, inadequate or defective design or construction of the Work.
In the event of any dispute, the necessity for an amount of any Required Completion Assurance Deposit shall be determined by FINOVA in its Permitted Discretion based upon the approved Budget and the advice of FINOVA's Inspector.
The Basic Retainage shall be funded by FINOVA to, or at the direction of, Borrower upon Borrower's written certification to FINOVA that all "punch list items" have been resolved to Borrower's satisfaction, accompanied by a certificate from the Borrower's Architect/Engineer and FINOVA's Inspector certifying to the same, and subject to FINOVA's approval of such items.
FINOVA shall have received a satisfactory report from FINOVA's Inspector.