Upon Completion definition
Examples of Upon Completion in a sentence
Borrower shall not commence, and has not commenced, construction or substantial rehabilitation of the Mortgaged Property prior to HUD endorsement of the Note except as permitted by Program Obligations or as otherwise permitted by HUD, and provided that this Section 5 is not applicable if HUD has given prior written approval to an early commencement or early start of construction, or if this Project is an Insurance Upon Completion loan or involves a loan refinancing.
Upon Completion of an applicable Phase of the Project, Owner will provide or cause to be provided to ACC a Completion Certificate with respect to each Phase of the Project.
Upon Completion, any remaining reserve as established hereunder will be automatically released.
The insurance policies specified in Section 4 (Builders All Risk Insurance) and Section 5 (All Risk Property/Mechanical and Electrical Breakdown Insurance (Upon Completion of Construction)) of Attachment Q (Required Insurance) shall include Company as loss payee, as its interest may appear with respect to any Property or Mechanical and Electrical losses.
Upon Completion of Construction of the Project, the Recipient agrees to expeditiously initiate Project operations.
Upon Completion of construction of the Improvements, Seller shall (i) operate the Property in the ordinary course of Seller's business and in the same manner as currently operated; and (ii) fully maintain and repair the Improvements, the Fixtures, and the Personal Property in good condition and repair.
The insurance policies specified in Section 4 (Builders All Risk Insurance) and Section 5 (All Risk Property/Comprehensive Boiler and Machinery Insurance (Upon Completion of Construction)) of Attachment R (Required Insurance)shall include Company as loss payee, as its interest may appear with respect to any Property or Boiler and Machinery losses.
Upon Completion, the Target Company will become an indirect non-wholly owned subsidiary of the Company and its respective results will be consolidated into the consolidated financial statements of the Group.
Status Upon Completion of Probation Regular appointment to a position shall be made only upon satisfactory completion of the probationary period.
Borrower shall not commence, and has not commenced, construction or substantial rehabilitation of the Mortgaged Property prior to HUD endorsement of the Note, except that this Section [5] is not applicable if HUD has given prior written approval to an early start of construction, or if this Project is an Insurance Upon Completion loan or involves a loan refinancing.