Common use of Architect’s Contract Clause in Contracts

Architect’s Contract. Borrowers shall (i) enforce the Architect’s Contract, (ii) waive none of the material obligations of the Architect thereunder, (iii) do no act which would relieve the Architect from its material obligations under the Architect’s Contract, and (iv) make no material amendment to or Change Order under the Architect’s Contract, except as permitted under Section 3.15 hereof, without the prior approval of Lender in its reasonable discretion.

Appears in 3 contracts

Samples: Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (Hard Rock Hotel Holdings, LLC), Loan Agreement (Hard Rock Hotel Holdings, LLC)

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Architect’s Contract. Borrowers shall (i) enforce To permit no material default under the terms of the Architect’s 's Contract, (ii) to waive none of the material obligations of the Borrower's Architect thereunder, (iii) to do no act which would relieve the Borrower's Architect from its material obligations under the Architect’s 's Contract, and (iv) to make no material amendment amendments to or Change Order under the Architect’s Contract, except as permitted under Section 3.15 hereof, 's Contract without the prior approval of Lender in its reasonable discretionLender.

Appears in 1 contract

Samples: Building Loan Agreement (Alterra Healthcare Corp)

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