Common use of Project Approvals Clause in Contracts

Project Approvals. Borrower will obtain in the ordinary course of business all Project Approvals not heretofore obtained by Borrower (being those listed and described on Part XII of the Project Schedules attached hereto as Exhibit A and any other Project Approvals which may hereafter become required or necessary) and will furnish Agent with evidence that Borrower has obtained such Project Approvals promptly upon its request. Borrower will give all such notices to, and take all such other actions with respect to, such Governmental Authority as may be required under applicable Requirements to construct the Improvements and to use, occupy, operate, and sell Units following the completion of the construction of the Improvements. Borrower will also obtain in the ordinary course of business all utility installations and connections required for the operation and servicing of the Projects for its intended purposes, and will furnish Agent with evidence thereof. Borrower will duly perform and comply with all of the terms and conditions of all Project Approvals obtained at any time, including all Project Approvals listed and described in Parts XII and XIII of the Project Schedules attached hereto as Exhibit A.

Appears in 2 contracts

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

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Project Approvals. The Borrower will promptly obtain in the ordinary course of business all Project Approvals not heretofore obtained by the Borrower (being including those listed and described on Part XII of the Project Schedules attached Schedule 8.22(a) hereto as Exhibit A and any other Project Approvals which may hereafter become required required, necessary or necessarydesirable) and will furnish the Agent with evidence that the Borrower has obtained such Project Approvals promptly upon its request. The Borrower will give all such notices to, and take all such other actions with respect to, such Governmental Authority as may be required under applicable Requirements to construct the Improvements and to use, occupy, operate, occupy and sell Units operate the Project following the completion of the construction of the Improvements. The Borrower will also promptly obtain in the ordinary course of business all utility installations and connections required for the operation and servicing of the Projects Project for its intended purposes, and will furnish the Agent with evidence thereof. The Borrower will duly perform and comply with all of the terms and conditions of all Project Approvals obtained at any time, including all Project Approvals listed and described in Parts XII on Schedules 8.22(a) and XIII of the Project Schedules attached hereto as Exhibit A.8.22(b) hereto.

Appears in 2 contracts

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

Project Approvals. The Borrower will promptly obtain in the ordinary course of business all Project Approvals approvals not heretofore obtained by the Borrower (being including those listed and described on Part XII of the Project Schedules attached ­Exhibit “N” hereto as Exhibit A and any other Project Approvals which may hereafter hereaf­ter become required required, necessary or necessarydesirable) and will furnish Agent the Lender with evidence that the Borrower has obtained such Project Approvals promptly upon its request. The Borrower will give all such notices to, and take all such other actions with respect to, such Governmental Authority as may be required under applicable Requirements to construct the Improvements and to use, occupy, operate, occupy and sell Units operate the Project following the completion of the construction of the Improvements. The Borrower will also promptly obtain in the ordinary course of business all utility installations and connections required for the operation and servicing of the Projects Project for its intended purposes, and will furnish Agent the Lender with evidence thereof. The Borrower will duly perform and comply with all of the terms and conditions of all Project Approvals obtained at any time, including all Project Approvals listed and described in Parts XII and XIII of the Project Schedules attached hereto as on Exhibit A.“Q” hereto.

Appears in 2 contracts

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

Project Approvals. Borrower and Guarantor will obtain in the ordinary course of business all Project Approvals not heretofore obtained by Borrower (being those listed and described on Part XII of the Project Schedules attached hereto as Exhibit A and any other Project Approvals which may hereafter become required or necessary) and will furnish Agent with evidence that Borrower or Guarantor has obtained such Project Approvals promptly upon its request. Borrower and Guarantor will give all such notices to, and take all such other actions with respect to, such Governmental Authority as may be required under applicable Requirements to construct the Improvements and to use, occupy, operate, and sell Units following the completion of the construction of the Improvements. Borrower and Guarantor will also obtain in the ordinary course of business all utility installations and connections required for the operation and servicing of the Projects for its intended purposes, and will furnish Agent with evidence thereof. Borrower and Guarantor will duly perform and comply with all of the terms and conditions of all Project Approvals obtained at any time, including all Project Approvals listed and described in Parts XII and XIII of the Project Schedules attached hereto as Exhibit A.

Appears in 1 contract

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

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Project Approvals. The Borrower will promptly obtain in the ordinary course of business all Project Approvals approvals not heretofore obtained by the Borrower (being including those listed and described on Part XII of the Project Schedules attached Exhibit “N” hereto as Exhibit A and any other Project Approvals which may hereafter become required required, necessary or necessarydesirable) and will furnish Agent the Lender with evidence that the Borrower has obtained such Project Approvals promptly upon its request. The Borrower will give all such notices to, and take all such other actions with respect to, such Governmental Authority as may be required under applicable Requirements to construct the Improvements and to use, occupy, operate, occupy and sell Units operate the Project following the completion of the construction of the Improvements. The Borrower will also promptly obtain in the ordinary course of business all utility installations and connections required for the operation and servicing of the Projects Project for its intended purposes, and will furnish Agent the Lender with evidence thereof. The Borrower will duly perform and comply with all of the terms and conditions of all Project Approvals obtained at any time, including all Project Approvals listed and described in Parts XII and XIII of the Project Schedules attached hereto as on Exhibit A.“Q” hereto.

Appears in 1 contract

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

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