Common use of Changes; Submission Requirements Clause in Contracts

Changes; Submission Requirements. Borrower shall submit any proposed change in the Plans and Specifications to Lender at least 10 days prior to the commencement of construction relating to such proposed change, whether or not such change is subject to Lender’s consent. Requests for any change which requires Lender’s consent shall be accompanied by working drawings 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 Architect and 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; (ii) a deposit in the amount of any increased costs into Borrower’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.)

AutoNDA by SimpleDocs

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, whether or not such change is subject at least ten (10) Business Days prior to Lender’s consentthe commencement of construction. Requests for any change which requires Lender’s consent shall be accompanied by working drawings and (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; and (iii) a complete set of “as built” Plans and Specifications for the completed Improvements. Loan No. 1003653'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 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, whether or not such change is subject at least ten (10) Business Days prior to Lender’s consentthe commencement of construction. 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; and (iii) a complete set of “as built” Plans and Specifications for the completed Improvements. Loan No. 1003653'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 to Lender at least 10 ten (10) days prior to the commencement of construction relating to such proposed change, whether or not such change is subject to Lender’s consent. Requests for any change which requires Lender’s consent shall be accompanied by working drawings 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 Architect and 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; (ii) a deposit in the amount of any increased costs into Borrower’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 (AAC Holdings, Inc.), Building Loan Agreement (AAC Holdings, Inc.)

Changes; Submission Requirements. Borrower shall submit any proposed change in the Plans and Specifications to Lender at least 10 ten (10) days prior to the commencement of construction relating to such proposed change, change whether or not such change is subject to Lender’s consent. Requests for any change which requires Lender’s consent shall be accompanied by working drawings 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 Architect the 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 the amount of any increased costs into Borrower’s Funds; and (iii) a complete set of “as built” Plans and Specifications for the completed House or A&D Improvements. Loan No. 1003653.

Appears in 1 contract

Samples: Loan Agreement (LGI Homes, Inc.)

AutoNDA by SimpleDocs

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, whether or not such change is subject at least ten (10) Business Days prior to Lender’s consentthe commencement of construction. 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; and (iii) a complete set of “as built” Plans and Specifications for the completed Improvements. Loan No. 1003653Funds 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 to Lender at least 10 ten (10) days prior to the commencement of construction relating to such proposed change, change whether or not such change is subject to Lender’s 's consent. Requests for any change which requires Lender’s consent shall be accompanied by working drawings 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; (ii) a deposit in the amount of any increased costs into Borrower’s Funds's Funds Account; and (iii) a complete set of "as built" Plans and Specifications for the completed Improvements. Loan No. 1003653.

Appears in 1 contract

Samples: Construction Loan Agreement (Americredit Corp)

Changes; Submission Requirements. Borrower shall submit any proposed ---------------------------------- change in the Plans and Specifications to Lender at least 10 ten (10) days prior to the commencement of construction relating to such proposed change, change whether or not such change is subject to Lender’s 's consent. Requests for any change which requires Lender’s consent shall be accompanied by working drawings 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; (ii) a deposit in the amount of any increased costs into Borrower’s Funds's Funds Account; and (iii) a complete set of "as built" Plans and Specifications for the completed Improvements. Loan No. 1003653.

Appears in 1 contract

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!