CIGNA Property Required Work Sample Clauses
CIGNA Property Required Work. (a) Borrower shall cause each CIGNA Mortgage Loan Borrower to diligently pursue all Capital Replacements and FF&E Replacements at any CIGNA Mortgage Loan Property (collectively, the “CIGNA Property Required Work”) to completion in accordance with the terms of Section 9.2(a), Section 9.3(a), and the following requirements:
(b) With the exception of the contracts set forth on Schedule XVI, Lender reserves the right, at its option upon notice to Borrower, to approve on behalf of Other Senior Mezzanine Borrowers and CIGNA Mortgage Loan Borrower, all contracts or work orders with materialmen, mechanics, suppliers, subcontractors, contractors or other parties providing labor or materials in connection with the CIGNA Property Required Work to the extent such contracts or work orders exceed $750,000 but specifically excluding “soft cost” contracts, including project managers, architects, designers, and purchasing agents. Borrower shall submit any request for approval under this Section 9.5(b) in writing and with a legend in bold letters stating “REQUEST FOR APPROVAL.
CIGNA Property Required Work. (a) Borrower shall cause each CIGNA Mortgage Loan Borrower to diligently pursue all Capital Replacements and FF&E Replacements at any CIGNA Mortgage Loan Property (collectively, the “CIGNA Property Required Work”) to completion in accordance with the terms of Section 9.2(a), Section 9.3(a), and the following requirements:
(b) With the exception of the contracts set forth on Schedule XVI, Lender reserves the right, at its option upon notice to Borrower, to approve on behalf of Mezzanine 1 Borrower and CIGNA Mortgage Loan Borrower, all contracts or work orders with materialmen, mechanics, suppliers, subcontractors, contractors or other parties providing labor or materials in