Common use of Approvals and Inspections by Governmental Authorities Clause in Contracts

Approvals and Inspections by Governmental Authorities. If requested by the Lender, all inspections and approvals by Governmental Authorities required for the stage of completion of each Unit shall have been obtained and the Lender shall have received satisfactory evidence thereof or will have been provided access thereto satisfactory to the Lender, or shall have obtained such evidence upon inspection of the Approved Subdivision.

Appears in 2 contracts

Samples: Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc), Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc)

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Approvals and Inspections by Governmental Authorities. If requested by the Lender, all inspections and approvals by Governmental Authorities which may be required for the stage of completion of each Unit shall have been obtained and the Lender shall have received satisfactory evidence thereof or will have been provided access thereto satisfactory to the Lender, or shall will have obtained such evidence upon inspection of the Approved Subdivision.

Appears in 2 contracts

Samples: Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes), Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)

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