Assignment of Plans. As additional security for the payment of the Loan, Borrower hereby transfers and assigns to TMCC all of Borrower’s right, title, and interest in and to the Architectural Contract and Plans and hereby represents and warrants to and agrees with TMCC as follows:
(a) The schedule of the Plans delivered to TMCC is a complete and accurate description of the Plans.
(b) The Plans are complete and adequate for the construction of the Improvements and there have been no modifications thereof except as described in such schedule. The Plans shall not be materially modified without the prior written consent of TMCC.
(c) TMCC may use the Plans for any purpose relating to the Improvements, including but not limited to inspections of construction and the completion of the Improvements.
(d) TMCC’s acceptance of this assignment shall not constitute approval of the Plans by TMCC. TMCC has no liability or obligation whatsoever in connection with the Plans and no responsibility for the adequacy thereof or for the construction of the Improvements contemplated by the Plans. TMCC has no duty to inspect the Improvements, and, if TMCC should inspect the Improvements, TMCC shall have no liability or obligation to Borrower arising out of such inspection. No such inspection nor any failure by TMCC to make objections after any such inspection shall constitute a representation by TMCC that the Improvements are in accordance with the Plans or constitute a waiver of TMCC’s right thereafter to insist that the Improvements be constructed in accordance with the Plans.
(e) This assignment shall inure to the benefit of TMCC, its successors and assigns, including any purchaser upon foreclosure of the applicable Deed of Trust, any receiver in possession of the Property, and any corporation formed by or on behalf of TMCC which assumes TMCC’s rights and obligations under this Loan Agreement.
Assignment of Plans. As additional security for the payment of the Loan, Borrower hereby transfers and assigns to Lender all of Borrower's right, title, and interest in and to the Architectural Contract and Plans and hereby represents and warrants to and agrees with Lender as follows:
(a) The schedule of the Plans delivered to Lender is a complete and accurate description of the Plans.
(b) The Plans are complete and adequate for the construction of the Improvements and there have been no modifications thereof except as described in such schedule. The Plans shall not be modified without the prior written consent of Lender.
(c) Lender may use the Plans for any purpose relating to the Improvements, including but not limited to inspections of construction and the completion of the Improvements.
(d) Lender's acceptance of this assignment shall not constitute approval of the Plans by Lender. Lender has no liability or obligation whatsoever in connection with the Plans and no responsibility for the adequacy thereof or for the construction of the Improvements contemplated by the Plans. Lender has no duty to inspect the Improvements, and, if Lender should inspect the Improvements, Lender shall have no liability or obligation to Borrower arising out of such inspection. No such inspection nor any failure by Lender to make objections after any such inspection shall constitute a representation by Lender that the
Assignment of Plans. Tenant hereby assigns to Landlord, effective as of (i) the date of rescission of this Lease pursuant to Paragraph 3.3 above or (ii) the date that Tenant comes to be in default (pursuant to Paragraph 15 of this Lease, i.
Assignment of Plans. At Closing, Seller shall assign, at no cost to Buyer, in form acceptable to Buyer, all of Seller's assignable rights in the Property Documents.
Assignment of Plans. After the Execution Date, and promptly after preparation thereof, which shall be at Buyer's sole cost and expense, Buyer shall submit to Mission a complete set, which may be retained by Mission, of all plans and specifications prepared by or on behalf of Buyer in connection with Buyer's development of the Property and the construction of improvements thereon, including, but not limited to, all architectural plans, site plans, landscaping plans, utility plans, water and sewer plans, fencing plans, and street improvement plans ("Development Plans"
Assignment of Plans. At each Closing, if applicable, an Assignment of Plans in accordance with Section 3.6 hereof, executed by Xxxxx; 7
Assignment of Plans. Reports and Data executed by Developer in favor of the City and substantially in the form of Attachment No. 8.
Assignment of Plans. As an additional obligation of Seller at the Closing, unless as to any item, Buyer elects not to accept the assignment thereof, Seller shall assign (to the extent assignable), at no cost to Buyer, all of Seller's right, title and interest in and to all architectural and engineering drawings and plans as well as any and all warranties, contracts, reports, or other rights relating to the Property.
Assignment of Plans. The Assignment of Permits, Property Plans, Reports, Warranties and Records ("Assignment of Plans") substantially in the form attached hereto as Exhibit G shall have been fully executed by Seller and delivered to the Title Company.
Assignment of Plans. Assignment of the Plans and Specifications, together with the architect’s agreement and consent of architect.
