[REDACTED] Project Work definition

[REDACTED] Project Work means the construction, development or renovation on the [REDACTED] Property in accordance with the Plans and Specifications, the Construction Budget and Timetable, and all Legal Requirements. It is anticipated that the [REDACTED] Project Work will be performed in three phases (each a “Phase” and such Phases, referred to herein as “Phase I”, Phase II” and “Phase III”), and that the Plans and Specifications and Construction Budget and Timeline for Phase II will be approved prior to and as a condition to the First Delayed Draw Term Loan and the Plans and Specifications and Construction Budget and Timeline for Phase III will be approved prior to and as a condition to the Second Delayed Draw Term Loan, in accordance with Section 3.2(i).
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Examples of [REDACTED] Project Work in a sentence

  • The Loan Parties shall deliver final “as-built” electrical, fire and life safety, HVAC, mechanical and plumbing drawings, together with updated and complete architectural and structural drawings and warranties relating to all work done and equipment installed, to Agent within ninety (90) days following Completion of each Phase of the [REDACTED] Project Work.

  • The Loan Parties will make its representatives available at reasonable times during normal business hours with prior written notice to discuss their affairs, finances and accounts relating to the construction of the [REDACTED] Project Work, and will cooperate, and take all reasonable steps to cause each Trade Contractor to cooperate with Agent, or any of their designated representatives, to enable such Person to perform its functions under this Agreement.

  • The Loan Parties shall not materially adjust or modify the approved Construction Budget and Timetable or Plans and Specifications for any Phase of the [REDACTED] Project Work without the prior written consent of Agent, in its Permitted Discretion.

  • The Loan Parties shall (x) cause the construction of any [REDACTED] Project Work substantially in accordance with all approved Plans and Specifications in all material respects, (y) prosecute the construction of the [REDACTED] Project Work with diligence and continuity, in a good and workmanlike manner, and in accordance with all Construction Permits and Legal Requirements in all material respects.

  • The Loan Parties shall cause the construction of the [REDACTED] Project Work to be free and clear of Liens, except as expressly provided for in this Agreement.

  • The [REDACTED] Property currently and, upon Substantial Completion of each Phase of the [REDACTED] Project Work, the use thereof will be in all material respects in compliance with all Construction Permits then required, and all other Legal Requirements, and such compliance is not dependent on any land, improvements or facilities not a part of the [REDACTED] Project.

  • The Construction Budget and Timetable for the applicable Phase of the [REDACTED] Project Work) contains all costs and expenses reasonably anticipated to be incurred in connection with the Substantial Completion of such Phase of the [REDACTED] Project and Borrower’s good faith estimate of the project schedule.

  • True, complete and correct copies of the Plans and Specifications for the applicable Phase of the [REDACTED] Project Work have been delivered to Agent.

  • All [REDACTED] Project Work at the [REDACTED] Property performed to date has been paid for and is evidenced by unconditional lien waivers.

  • Borrower shall not initiate, agree to, accept, cause or suffer any Change Order with respect to the [REDACTED] Project Work that is a Material Change Order without Agent’s prior written consent, in its Permitted Discretion.