TDF's Consultant means Merritt & Harris, Inc., or such other Person or architectural or engineering consultant as may be designated and engaged by TDF, at the Company's expense, to examine the Budget and the Plans, any changes thereto, and cost breakdowns and estimates with respect to the Project (including, without limitation, all cost breakdowns and estimates set forth in any Request for Disbursement and all accompanying certifications), to make periodic inspections of the progress of the Construction of the Improvements on behalf of TDF, to advise and render reports to TDF concerning the foregoing and to otherwise consult with TDF with respect to the Project.
Examples of TDF's Consultant in a sentence
Each Prime Contract shall be with a Prime Contractor approved for such work by TDF's Consultant.
The Company acknowledges that TDF, pursuant to a separate agreement and at the Company's expense, has retained TDF's Consultant to review the Budget, the Plans and such other matters relating to the Construction of the Improvements as TDF shall request, and to furnish reports to TDF from time to time on the progress of Construction with each Request for Disbursement for Hard Costs and as otherwise requested by TDF.
The final Disbursement of the proceeds of the Loan shall be conditioned on, in addition to those items listed in this Agreement, TDF's receipt, prior to authorizing or directing the Trustee to make such Disbursement, of written assurance satisfactory to TDF from TDF's Consultant to the effect that Construction of the Improvements has been completed, and any necessary utilities have been finished and made available for use, in accordance with the Plans.
The Company will, upon demand of TDF or TDF's Consultant, promptly correct any structural defect in the Improvements or any material departure from the Plans not approved by TDF and TDF's Consultant, to the extent any such approval is required pursuant to Section 7.16 hereof, it being agreed that the making of any Disbursement shall not constitute a waiver of TDF's right to require compliance with this covenant with respect to any such defects or departures from the Plans.
The Company will make its representative available for TDF or TDFs Consultant upon reasonable notice to discuss the Company's affairs, finances and accounts relating to the Project and the Company will cooperate, and take all reasonable steps to cause the Prime Contractors, the Operators, and the Trade Contractors to cooperate, with TDF or TDF's Consultant, as the case may be, or any designated representative of either, to enable such Person to perform its functions hereunder.