WPHC definition
Examples of WPHC in a sentence
The parties to this Agreement shall look solely to the assets of WPHC for satisfaction of any liability of WPHC in respect of this Agreement and all documents, agreements, understandings and arrangements relating to this transaction and will not seek recourse or commence any action against any of the directors, officers or shareholders of WPHC or any of their personal assets for the performance or payment of any obligation hereunder or thereunder.
If and when WPHC approves the Plans and Specifications, the Members shall initial a description of the Plans and Specifications and attach the description to this Agreement as Exhibit N.
WPHC shall have received and approved an updated and recertified as-built survey reasonably satisfactory to WPHC dated no more than thirty (30) days prior to the date of Final Closing, showing no encroachments or other adverse matters affecting title to the Project, except as shall be reasonably acceptable to or have been previously approved in writing by WPHC.
The obligation of WPHC to participate in the Final Closing shall be conditioned on all of the Final Closing Funding Conditions being satisfied either prior to the Final Closing or concurrently with the Final Closing.
WPHC may in its discretion cause the phasing of the construction of the Infrastructure Improvements.
After any such disapproval of a draw request by WPHC, all subsequent draw requests shall require the prior approval of WPHC unless and until such right to prior approval is waived in writing by WPHC.
Notwithstanding the foregoing, no distributions shall be made at or prior to the completion of the Final Closing without the consent of WPHC.
The Construction Consultant shall have prepared a physical inspection report reasonably satisfactory to WPHC.
The Company shall engage the Construction Consultant to monitor the progress of construction of the Project and to review draw requests on behalf of WPHC.
WPHC shall have received satisfactory evidence (which may be included in the title policy described in subsection (f) of these Final Closing Funding Conditions) that all real property taxes and assessments for the Project due and payable through the date of funding have been timely and fully paid.