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Common use of Completing the Work Clause in Contracts

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently and in a commercially reasonable and workmanlike manner in strict accordance with the Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants or restrictions on the Property. I will notify Lender promptly in writing if (i) I think that the Work does not comply with the Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Renovation Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders, but no later than twelve (12) months after the loan closing. Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.6 of this Loan Agreement.

Appears in 2 contracts

Samples: Renovation Loan Agreement, Renovation Loan Agreement

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently and in a commercially reasonable and workmanlike manner in strict accordance with the Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants or restrictions on the Property. I will notify Lender promptly in writing if (i) I think that the Work does not comply with the Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Renovation Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders, but no later than twelve (12) months after the loan closing. Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.6 of this Loan Agreement.

Appears in 1 contract

Samples: Renovation Loan Agreement

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and once all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently and in a commercially reasonable and workmanlike manner in strict accordance with the Renovation Contract Documents and all Government Regulations. The Work will not violate any of the conditions, covenants or restrictions on the Property, if any. I will notify Lender promptly in writing if (i) I think that the Work does not comply with the Renovation Contract Documents or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Renovation Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders, but no later than twelve six (126) months after the loan closingClosing Date stated above. Lender Xxxxxx will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.6 of this Loan Agreement.

Appears in 1 contract

Samples: Renovation Loan Agreement

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently and in a commercially reasonable and workmanlike manner in strict accordance with the Renovation Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants or restrictions on the Property. I will notify Lender promptly in writing if (i) I think that the Work does not comply with the Renovation Construction Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Renovation Construction Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders, but no later than twelve (12) months after the loan closing. Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.6 2.8.4.5 of this Loan Agreement.

Appears in 1 contract

Samples: Construction Loan Agreement

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently and in a commercially reasonable and workmanlike manner in strict accordance with the Renovation Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants or restrictions on the Property. I will notify Lender promptly in writing if (i) I think that the Work does not comply with the Renovation Construction Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Renovation Construction Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders, but no later than twelve (12) months after the loan closing. Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.6 2.8.4.5 of this Loan Agreement.

Appears in 1 contract

Samples: Construction Loan Agreement

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and once all permits are in place. I will use my best efforts to ensure the Contractor continues the Work diligently and in a commercially reasonable and workmanlike manner in strict accordance with the Renovation Contract Documents and all Government Regulations. The Work will not violate any of the conditions, covenants or restrictions on the Property, if any. I will notify Lender promptly in writing if (i) I think that the Work does not comply with the Renovation Contract Documents or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property. I acknowledge that the Renovation Contract represents that the Work will be completed on or before (“Completion Date”), subject to modifications in approved Change Orders, but no later than twelve six (126) months after the loan closingClosing Date stated above. Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.6 of this Loan Agreement.

Appears in 1 contract

Samples: Renovation Loan Agreement