Renovation Plans definition

Renovation Plans means the final plans and specifications for Renovation of the Mortgaged Property, including all supporting engineering calculations and documents, as approved by Lender, and all amendments thereto approved in accordance with this Agreement.
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Renovation Plans means the plans, specifications, drawings and related documents for the renovation work to be performed by the Borrower on the Property.
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Examples of Renovation Plans in a sentence

  • A copy of the Renovation Budget and the Renovation Plans satisfactory to the Lender.

  • The applicable Loan Party shall complete the Renovation promptly, in a good and workmanlike manner and in accordance with the Renovation Plans.

  • In the event such changes the scope of the intended Renovation, revises the Renovation Budget (including the estimated amounts contained therein), or revises or modifies the Renovation Plans, Borrower shall promptly deliver to the Agent a supplement to the Renovation Budget or Renovation Plans or a revised Renovation Budget or revised Renovation Plans, as applicable, which shall be satisfactory in form and substance to the Agent.

  • Lender is not under any duty to review or inform Borrower of the quality or suitability of the Renovation Plans, the General Contracts, the Architects’ Contracts or any Major Subcontract or any changes thereto.

  • Amend, modify or otherwise change the Renovation Plans, the General Contracts or any Major Subcontract.

  • Borrower shall pay the fees and costs of the Construction Consultant for its inspections; provided, however, that if Lender or the Construction Consultant reasonably determines that extra services will be required in connection with any such inspection due to noncompliance with the Renovation Plans, or deviations from acceptable construction practices, then Borrower shall pay the costs of all such extra services at the reasonable hourly rate then charged by the Construction Consultant.

  • The Renovation Plans must comply with the attached PIP, the Hotel System and System Standards.

  • If Hyatt requires Franchisee to submit the proposed Renovation Plans, renovations may not begin until Hyatt approves the Renovation Plans in writing.

  • If the parties are able to agree on such final Property Improvement Plans, they shall be deemed to be the Renovation Plans for all purposes of the Hotel Management Agreements.

  • The construction and renovation of The Quad pursuant to the Quad Renovation Plans has not commenced as of the date hereof.