Common use of Changes; Submission Requirements Clause in Contracts

Changes; Submission Requirements. Borrower shall submit any proposed change in the Plans and Specifications requiring Lender's consent to Lender prior to the commencement of construction relating to such proposed change, at least ten (10) Business Days prior to the commencement of construction. Requests for any change which requires consent shall be accompanied by working drawings (or appropriate submittals) and a written description of the proposed change, submitted on a change order form acceptable to Lender, signed by Borrower and, if required by Lender, also by the Architect and the Contractor. At its option, Lender may require Borrower to provide: (i) evidence satisfactory to Lender of the cost and time necessary to complete the proposed change; and (ii) a deposit in the amount of any increased costs into Borrower's Funds Account.

Appears in 2 contracts

Samples: Construction Loan Agreement (Equity Office Properties Trust), Construction Loan Agreement (Equity Office Properties Trust)

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Changes; Submission Requirements. Borrower shall submit any proposed change in the Plans and Specifications requiring Lender's consent to Lender at least 10 days prior to the commencement of construction relating to such proposed change, at least ten (10) Business Days prior whether or not such change is subject to the commencement of constructionLender’s consent. Requests for any change which requires Lender’s consent shall be accompanied by working drawings (or appropriate submittals) and a written description of the proposed change, submitted on a change order form acceptable to Lender, signed by Borrower and, if required by Lender, also by the Architect and the Contractor. At its option, Lender may require Borrower to provide: (i) evidence satisfactory to Lender of the cost and time necessary to complete the proposed change; and (ii) a deposit in the amount of any increased costs into Borrower's Funds Account.’s Funds; and (iii) a complete set of “as built” Plans and Specifications for the completed Improvements. Loan No. 1003653

Appears in 2 contracts

Samples: Building Loan Agreement, Building Loan Agreement (Global Growth Trust, Inc.)

Changes; Submission Requirements. Borrower shall submit any proposed change in the Plans and Specifications requiring Lender's consent to Lender prior to the commencement of construction relating to such proposed change, at least ten (10) Business Days prior to the commencement of construction. Requests for any change which requires consent shall be accompanied by working drawings (or appropriate submittals) and submittals)and a written description of the proposed change, submitted on a change order form acceptable to Lender, signed by Borrower and, if required by Lender, also by the Architect and the Contractor. At its option, Lender may require Borrower to provide: (i) evidence satisfactory to Lender of the cost and time necessary to complete the proposed change; and (ii) a deposit in the amount of any increased costs into Borrower's Funds Account.

Appears in 2 contracts

Samples: Construction Loan Agreement (Equity Office Properties Trust), Construction Loan Agreement (Equity Office Properties Trust)

Changes; Submission Requirements. Borrower shall submit any material proposed change in the Plans and Specifications requiring Lender's consent to Lender at least ten (10) days prior to the commencement of construction relating to such proposed change, at least ten (10) Business Days prior whether or not such change is subject to the commencement of constructionLender’s consent. Requests for any change which requires Lender’s consent shall be accompanied by working drawings (or appropriate submittals) and a written description of the proposed change, submitted on a change order form acceptable to Lender, signed by Borrower and, if required by Lender, also by the Architect and the Contractor. At its option, Lender may require Borrower to provide: (i) evidence satisfactory to Lender of the cost and time necessary to complete the proposed change; and (ii) a deposit in the amount of any increased costs into Borrower's Funds Account’s Funds; and (iii) a complete set of “as built” Plans and Specifications for the completed Improvements.

Appears in 2 contracts

Samples: Building Loan Agreement (AAC Holdings, Inc.), Building Loan Agreement (AAC Holdings, Inc.)

Changes; Submission Requirements. Borrower shall submit any proposed ---------------------------------- change in the Plans and Specifications requiring Lender's consent to Lender at least ten (10) days prior to the commencement of construction relating to such proposed change, at least ten (10) Business Days prior change whether or not such change is subject to the commencement of constructionLender's consent. Requests for any change which requires consent shall be accompanied by working drawings (or appropriate submittals) and a written description of the proposed change, submitted on a change order form acceptable to Lender, signed by Borrower and, if required by Lender, also by the Architect and the Contractor. At its option, Lender may require Borrower to provide: (i) evidence satisfactory to Lender of the cost and time necessary to complete the proposed change; and (ii) a deposit in the amount of any increased costs into Borrower's Funds Account.; and (iii) a complete set of "as built" Plans and Specifications for the completed Improvements. (c)

Appears in 1 contract

Samples: Construction Loan Agreement (Pizza Inn Inc /Mo/)

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Changes; Submission Requirements. Borrower shall submit any proposed change in the Plans and Specifications requiring Lender's ’s consent to Lender prior to the commencement of construction relating to such proposed change, at least ten (10) Business Days prior to the commencement of construction. Requests for any change which requires consent shall be accompanied by working drawings (or appropriate submittals) and a written description of the proposed change, submitted on a change order form acceptable to Lender, signed by Borrower and, if required by Lender, also by the Architect and the Contractor. At its option, Lender may require Borrower to provide: (i) evidence satisfactory to Lender of the cost and time necessary to complete the proposed change; and (ii) a deposit in the amount of any increased costs into Borrower's ’s Funds Account.

Appears in 1 contract

Samples: Construction Loan Agreement (Equity Office Properties Trust)

Changes; Submission Requirements. Borrower shall submit any proposed -------------------------------- change in the Plans and Specifications requiring Lender's consent to Lender at least ten (10) days prior to the commencement of construction relating to such proposed change, at least ten (10) Business Days prior change whether or not such change is subject to the commencement of constructionLender's consent. Requests for any change which requires consent shall be accompanied by working drawings (or appropriate submittals) and a written description of the proposed change, submitted on a change order form acceptable to Lender, signed by Borrower and, if required by Lender, also by the Architect and the Contractor. At its option, Lender may require Borrower to provide: (i) evidence satisfactory to Lender of the cost and time necessary to complete the proposed change; and (ii) a deposit in the amount of any increased costs into Borrower's Funds Account; and (iii) a complete set of "as built" Plans and Specifications for the completed Improvements.

Appears in 1 contract

Samples: Construction Loan Agreement (Americredit Corp)

Changes; Submission Requirements. Borrower shall submit any proposed change in the Plans and Specifications requiring Lender's consent to Lender at least ten (10) days prior to the commencement of construction relating to such proposed change, at least ten (10) Business Days prior change whether or not such change is subject to the commencement of constructionLender’s consent. Requests for any change which requires Lender’s consent shall be accompanied by working drawings (or appropriate submittals) and a written description of the proposed change, submitted on a change order form acceptable to Lender, signed by Borrower and, if required by Lender, also signed by the Architect Design Professional and the Contractor. At its Lender’s option, Lender may require Borrower to provide: (i) evidence satisfactory to Lender of the cost and time necessary to complete the proposed change; and (ii) a deposit in complete set of “as built” Plans and Specifications for the amount of any increased costs into Borrower's Funds Accountcompleted House or A&D Improvements.

Appears in 1 contract

Samples: Loan Agreement (LGI Homes, Inc.)

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