Common use of Completing the Work Clause in Contracts

Completing the Work. The Work will begin promptly after Borrower signs the Loan Documents and will be completed on or before the Completion Date. The Work will continue diligently and in a good and workmanlike manner in strict accordance with the Construction Contract, architectural plans, permits, Government Regulations and all other requirements to complete the Work as agreed. To that end, Bxxxxxxx will notify Lxxxxx immediately in writing, and by telephone if (l) Bxxxxxxx believes the Work is not being or cannot be completed as immediately aforesaid or by the Completion Date; or (2) any Government Authority issues any notice or claim relating to the Property. If the Work is not completed by the Completion Date as a result of a force majeure or if Lender otherwise agrees, in its sole discretion, to extend the Completion Date, Lender may charge a modification fee as compensation for any extension (or any other modification of any nature granted by Lxxxxx). Lxxxxx will accept the Work as completed when Borrower satisfies all of the conditions required to receive the Final Advance.

Completing the Work. The Work will begin promptly after Borrower signs the Loan Documents and will be completed on or before the Completion Date. The Work will continue diligently and in a good and workmanlike manner in strict accordance with the Construction Contract, architectural plans, permits, Government Regulations and all other requirements to complete the Work as agreed. To that end, Bxxxxxxx Xxxxxxxx will notify Lxxxxx Lender immediately in writing, and by telephone if (l1) Bxxxxxxx Borrower believes the Work is not being or cannot be completed as immediately aforesaid or by the Completion Date; or (2) any Government Authority issues any notice or claim relating to the Property. If the Work is not completed by the Completion Date as a result of a force majeure or if Lender otherwise agrees, in its sole discretion, to extend the Completion Date, Lender may charge a modification fee as compensation for any extension (or any other modification of any nature granted by LxxxxxXxxxxx). Lxxxxx Xxxxxx will accept the Work as completed when Borrower satisfies all of the conditions required to receive the Final Advance.

Completing the Work. The Work will begin promptly after Borrower signs the Loan Documents and will be completed on or before the Completion Date. The Work will continue diligently and in a good and workmanlike manner in strict accordance with the Construction Contract, architectural plans, permits, Government Regulations and all other requirements to complete the Work as agreed. To that end, Bxxxxxxx will notify Lxxxxx Lender immediately in writing, and by telephone if (l1) Bxxxxxxx Borrower believes the Work is not being or cannot be completed as immediately aforesaid or by the Completion Date; or (2) any Government Authority issues any notice or claim relating to the Property. If the Work is not completed by the Completion Date as a result of a force majeure or if Lender otherwise agrees, in its sole discretion, to extend the Completion Date, Lender may charge a modification fee as compensation for any extension (or any other modification of any nature granted by Lxxxxx). Lxxxxx will accept the Work as completed when Borrower satisfies all of the conditions required to receive the Final Advance.

Completing the Work. The Work will begin promptly after Borrower signs the Loan Documents and will be completed on or before the Completion Date. The Work will continue diligently and in a good and workmanlike manner in strict accordance with the Construction Contract, architectural plans, permits, Government Regulations and all other requirements to complete the Work as agreed. To that end, Bxxxxxxx Xxxxxxxx will notify Lxxxxx Xxxxxx immediately in writing, and by telephone if (l) Bxxxxxxx Xxxxxxxx believes the Work is not being or cannot be completed as immediately aforesaid or by the Completion Date; or (2) any Government Authority issues any notice or claim relating to the Property. If the Work is not completed by the Completion Date as a result of a force majeure or if Lender otherwise agrees, in its sole discretion, to extend the Completion Date, Lender may charge a modification fee as compensation for any extension (or any other modification of any nature granted by LxxxxxXxxxxx). Lxxxxx Xxxxxx will accept the Work as completed when Borrower satisfies all of the conditions required to receive the Final Advance.