Common use of Completing the Work Clause in Contracts

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Contract, and (ii) the construction cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Renovation Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve fifteen (1215) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx Lender agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Contract, and (ii) the construction cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx Lender agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Contract, and (ii) the construction cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement. Inspections. Lender and those acting on Lender’s behalf have the right to enter the Property to inspect the Work, without notice to me, during normal business hours, or any other times that Lender arranges with me. I will pay for all inspections performed at the request of Lender or any Government Authority, at the prevailing rate. Lender inspections are for Lender’s benefit only. Lender’s inspections create no liability or responsibility to me, Contractor, any Suppliers, or any third parties. Lender is not obligated to inspect the Property or the Work. I acknowledge and agree that if Lender or its designee are unreasonably denied entry to the Property to inspect the Work, it will constitute an Event of Default under Section 3.1 of this Loan Agreement. I Am Responsible for the Work. I agree that the Work must be completed according to the Construction Contract, including the Plans, subject to Change Orders. I have full and sole responsibility to make sure that the Work complies with the Construction Contract and all Government Regulations, and that the Work is completed no later than the Completion Deadline. I acknowledge and agree that if the Work is not completed according to the Construction Contract (including any modification by Change Order), it will constitute an Event of Default under Section 3.1 of this Loan Agreement. Lender has no liability, obligation, or responsibility for the Work. Lender is not liable for any failure to construct, complete, protect, or insure the Work. Lender is not liable for any costs of the Work. Nothing Lender does (including inspecting the Work or disbursing any part of the Loan) will be a representation or warranty by Lender that the Work complies with the Construction Contract, this Loan Agreement, the Permits, or any Government Regulations. If Lender asks, I will repair or replace at my expense any Work that does not comply with the Plans. I have no right to assert or claim any offset, counterclaim, or defense against Lender because of any claim I may have against Contractor or any Suppliers.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Renovation Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx Lender agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Renovation Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve fifteen (1215) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Renovation Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx Lender agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement. Inspections. Lender and those acting on Lender’s behalf have the right to enter the Property to inspect the Work, without notice to me, during normal business hours, or any other times that Lender arranges with me. I will pay for all inspections performed at the request of Lender or any Government Authority, at the prevailing rate. Lender inspections are for Lender’s benefit only. Lender’s inspections create no liability or responsibility to me, Contractor, any Suppliers, or any third parties. Lender is not obligated to inspect the Property or the Work. I acknowledge and agree that if Lender or its designee are unreasonably denied entry to the Property to inspect the Work, it will constitute an Event of Default under Section 3.1 of this Loan Agreement. I Am Responsible for the Work. I agree that the Work must be completed according to the Renovation Contract, including the Plans, subject to Change Orders. I have full and sole responsibility to make sure that the Work complies with the Renovation Contract and all Government Regulations, and that the Work is completed no later than the Completion Deadline. I acknowledge and agree that if the Work is not completed according to the Renovation Contract (including any modification by Change Order), it will constitute an Event of Default under Section 3.1 of this Loan Agreement. Lender has no liability, obligation, or responsibility for the Work. Lender is not liable for any failure to construct, complete, protect, or insure the Work. Lender is not liable for any costs of the Work. Nothing Lender does (including inspecting the Work or disbursing any part of the Loan) will be a representation or warranty by Lender that the Work complies with the Renovation Contract, this Loan Agreement, the Permits, or any Government Regulations. If Lender asks, I will repair or replace at my expense any Work that does not comply with the Plans. I have no right to assert or claim any offset, counterclaim, or defense against Lender because of any claim I may have against Contractor or any Suppliers.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Renovation Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve fifteen (1215) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Renovation Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx Lender agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Renovation Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Construction Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if Xxxxxx Lender agrees in writing to extend the Completion Deadline. I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Construction Contract, and (ii) the construction cannot be completed on time because extenuating circumstances exist that are beyond my control. Xxxxxx Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.