Correcting Defects. If the Contractor fails to commence to correct any defects of any nature, within ten (10) working days after the correction thereof has been requested in writing by the Department, and thereafter to expeditiously complete the correction of said defects, the Project Manager may without further notice to the Contractor or surety and without termination of contract, correct the defects and deduct the cost thereof from the contract price.
Correcting Defects. If the property does not comply with paragraphs 15 or 16 of this contract the Seller will be notified and given 30 days to make it comply. If the property still does not comply after that date the Buyer may cancel this contract or give the Seller more time to comply.
Correcting Defects. Within thirty (30) days after demand by Lender, Borrower shall correct any defect in the Properties or any change in or deviation from the Plans not approved by Lender, and the making of any Disbursements shall not constitute a waiver of this covenant; provided, however, if such thirty (30) day period is insufficient to make such correction, Borrower shall nonetheless promptly commence such correction and submit a schedule to Lender, satisfactory in form and content to Lender, within said thirty-day period providing for the completion of such correction within a time period approved by Lender therefor. Borrower shall thereafter diligently prosecute such correction to completion and, in all events, not later than the expiration of the time period approved by Lender for such correction.
Correcting Defects. If the property does not comply with Paragraphs 12 & 13 of this contract, the Buyer must notify the Seller and the Seller will be given an additional days to correct any defect. If the property still does not comply after days, Buyer or Seller may cancel this contract. In the event that Xxxxxx's title is uninsurable, then Xxxxxx's only obligation will be to refund Buyer's deposit.
Correcting Defects. Costs of correcting defects in the design or construction of the Building, or the material used in the construction of the building (including latent defects in the Building or the inadequacy of design of the building).
Correcting Defects. Correct: (a) any structural defect in the Improvements; (b) any material departure from the Plans not approved in writing by the Lender; (c) other than Permitted Exceptions, any encroachment by any part of the Improvements or any other structures or improvements over or on any set-back line, easement, adjoining property, or other restricted area which is not permitted by the instrument creating such set-back line, easement, boundary line, or other restricted area; (d) other than Permitted Exceptions, any encroachment of any adjoining structure on the Land which any Survey or inspection reflects and which encroachment is not permitted by recorded instrument; and (e) any material non-compliance with any Legal Requirement. The making of any Advance by Lender shall not constitute a waiver of Lender’s right to require compliance with this Section 4.16. CONSTRUCTION LOAN AGREEMENT -- PAGE 31 (CYPRESS/FAIRFIELD)
Correcting Defects. If the Property does not comply with Section 11 of this Agreement, then Purchaser shall notify Seller in writing within five (5) business days of Purchaser's receipt of the initial report of title or any update thereof, and Seller shall have a period of sixty (60) days within which to make it comply and the Closing Date shall be adjourned for up to sixty (60) days to permit such curative action. If the Property still does not comply after that date, then Purchaser may terminate this Agreement (in which event Purchaser shall serve a Deposit Demand upon Escrow Agent and Escrow Agent shall deliver the Deposit and all interest thereon to Purchaser) or proceed to Closing and waive such non-compliance, without any reduction in the Purchase Price. Notwithstanding the foregoing, Seller shall have the obligation, at Seller's sole cost and expense, to satisfy and remove of record all liens, encumbrances or other title matters, other than Permitted Exceptions, which (i) can be satisfied or removed by the payment of a liquidated sum of money (such as a mortgage, a tax lien or a judgment) in an amount not to exceed $50,000 in the case of a judgment or a lien not created by Seller; or (ii) first arise of record after the date of Purchaser's initial title examination. Nothing in this Section 12 shall prohibit Purchaser from notifying Seller prior to or at Closing of Title of any additional title objections which did not exist as of the Due Diligence Termination Date and Seller shall have the obligation to clear such objections (unless they do not render title unmarketable or uninsurable at regular title rates, or do not impair the development of the Property as contemplated by Purchaser herein) within sixty (60) days and if such defect shall not be cleared by Seller, Purchaser may elect to terminate this Agreement (in which event Purchaser shall serve a Deposit Demand upon Escrow Agent and Escrow Agent shall deliver the Deposit and all interest thereon to Purchaser). 11 13.
Correcting Defects. Correct: (a) any structural defect in any of the Houses; (b) any material departure from the Plans not approved in writing by Bank (other than work performed in accordance with any change orders permitted hereunder or any change orders otherwise approved by Bank); (c) any encroachment by any part of any of the Houses or any other structures or improvements over or on any set-back line, easement, adjoining property or other restricted area; and (d) any encroachment of any adjoining structure upon any of the Land which any survey or inspection reflects. The advance of Loan proceeds will not waive Bank's right to require compliance with this Section.
Correcting Defects. It is agreed that the Installer will correct any defects in material, equipment, installation, or other work performed which are either discovered or with reasonable diligence could have been discovered within one year after installation or performance, and that such correction of defects will be completed within a reasonable period of time without charge to the Client.
Correcting Defects. Without limiting the warranty described above, it is agreed that the Installer will correct any defects (including deviation from code, Loan Plan specifications, or industry standards) in material, equipment, installation, or other work performed under an agreement with the Owner, which are either discovered or with reasonable diligence could have been discovered within two years after installation or performance, and that such correction of defects will be completed within a reasonable period of time without charge to the Owner. The Installer further agrees to replace any insulated glass unit which, within five years after installation, is found to have a defective seal and to do so within a reasonable period of time without charge to the Owner.
