Affidavit of Commencement. Within ten (10) days after the Commencement Date, but not before construction of the Improvements has actually begun, file or cause to be filed in the appropriate records of the county in which the Land is situated, an Affidavit of Commencement duly executed by Borrower and Contractor. The date of commencement of work set forth in the Affidavit of Commencement shall not be the date of or before the date on which the Deed of Trust was recorded.
Appears in 3 contracts
Samples: Construction Loan Agreement, Construction Loan Agreement (CNL Growth Properties, Inc.), Construction Loan Agreement (Global Growth Trust, Inc.)
Affidavit of Commencement. Within ten (10) 10 days after the Construction Commencement Date, but not before construction of the Improvements has actually begun, Borrower shall file or cause to be filed in the appropriate records of the county or counties in which the Land is situated, an Affidavit of Commencement duly executed by Borrower and Contractor. The date of commencement of work set forth in the such Affidavit of Commencement shall not be the date of or before prior to the date on which the Deed of Trust Mortgage was recorded.
Appears in 1 contract
Samples: Construction and Term Loan Agreement (Rex Stores Corp)
