TI/LC Work definition

TI/LC Work means the work being performed and completed in connection with TI/LC Expenses.
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Examples of TI/LC Work in a sentence

  • Lender owes no duty of care to Borrower or any third person to protect against, or inform Borrower or any third person of the existence of, negligent, faulty, inadequate or defective design or construction of the TI/LC Work.

  • Administrative Agent’s failure to inspect the construction of the TI/LC Work or any part thereof or any books and records shall not constitute a waiver of any of Administrative Agent’s rights hereunder.

  • It is expressly understood and agreed that Lender shall have no duty to supervise or to inspect the construction of the TI/LC Work or any books and records of any party or firm, and that any such inspection shall be for the sole purposes of determining whether or not in Lender’s reasonable discretion the obligations of Borrower under this Agreement are being properly discharged and of preserving Lender’s rights hereunder.

  • Lender’s failure to inspect the construction of the TI/LC Work or any part thereof or any books and records shall not constitute a waiver of any of Lender’s rights hereunder.

  • It is expressly understood and agreed that Administrative Agent shall have no duty to supervise or to inspect the construction of the TI/LC Work or any books and records of any party or firm, and that any such inspection shall be for the sole purposes of determining whether or not in Administrative Agent’s reasonable discretion the obligations of Borrower under this Agreement are being properly discharged and of preserving Administrative Agent’s rights hereunder.

  • Subject to the terms of the Leases entered into in accordance with the Loan Documents, the TI/LC Work will be prosecuted by Borrower with diligence to completion, and will be completed in a good and workmanlike manner in accordance with the applicable Lease and other provisions of this Agreement and free and clear from all liens other than Permitted Liens, the lien and security interest created by the Loan Documents (or any of them) or such liens that are being contested in accordance with this Agreement.

  • Administrative Agent owes no duty of care to Borrower or any third person to protect against, or inform Borrower or any third person of the existence of, negligent, faulty, inadequate or defective design or construction of the TI/LC Work.