Common use of Notice of Nonpayment Clause in Contracts

Notice of Nonpayment. Borrower will promptly notify Agent in writing if Borrower receives any written notice from any major laborer, subcontractor or materialman to the effect that such laborer, subcontractor or materialman has not been paid when due any material sum for any labor or materials furnished in connection with the construction of the Improvements.

Appears in 2 contracts

Samples: Credit Construction Loan Agreement (Wci Communities Inc), Credit Construction Loan Agreement (Wci Communities Inc)

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Notice of Nonpayment. The Borrower will promptly immediately notify Agent the Lender in writing if the Borrower receives any written notice notice, whether oral or written, from any major laborer, subcontractor or materialman to the effect that such laborer, subcontractor or materialman has not been paid when due any material sum for any labor or materials furnished in connection with the construction of the Improvements.

Appears in 2 contracts

Samples: Loan and Security Agreement (Griffin Industrial Realty, Inc.), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

Notice of Nonpayment. The Borrower will promptly immediately notify the Agent in writing if the Borrower receives any written notice notice, whether oral or written, from any major laborer, subcontractor subcontractor, materialman or materialman supplier to the effect that such laborer, subcontractor subcontractor, materialman or materialman supplier has not been paid when due any material sum for any labor labor, equipment or materials furnished in connection with the construction of the Improvements.

Appears in 2 contracts

Samples: Construction Loan Agreement (Walden Residential Properties Inc), Construction Loan Agreement (Walden Residential Properties Inc)

Notice of Nonpayment. The Borrower will promptly immedi­ately notify Agent the Lender in writing if the Borrower receives any written notice notice, whether oral or written, from any major laborer, subcontractor or materialman to the effect that such laborer, subcontractor or materialman has not been paid when due any material sum for any labor or materials furnished in connection with the construction of the Improvements.Improvements­

Appears in 2 contracts

Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

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Notice of Nonpayment. Borrower will promptly immediately notify Agent Lender in writing if Borrower receives any written notice notice, whether oral or written, from any major laborer, subcontractor or materialman to the effect that such laborer, subcontractor or materialman has not been paid when due any material sum for any labor or materials furnished in connection with the construction construction, renovation, repair or replacement of any Improvements located on, or any other work performed at, the ImprovementsReal Property.

Appears in 1 contract

Samples: Loan Agreement (Wsi Industries, Inc.)

Notice of Nonpayment. Each of Borrower and Guarantor will promptly notify Agent in writing if Borrower or Guarantor receives any written notice from any major laborer, subcontractor or materialman to the effect that such laborer, subcontractor or materialman has not been paid when due any material sum for any labor or materials furnished in connection with the construction of the Improvements.

Appears in 1 contract

Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc)

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