Common use of Completion of Renovations Clause in Contracts

Completion of Renovations. (a) In the event that any Subsidiary Guarantor or Operating Lessee shall undertake any Renovations to a Collateral Property pursuant to a PIP or otherwise, the Borrower shall (i) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable); (b) cause to be obtained all governmental permits required for such Renovations; (c) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the Manager and Franchisor, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable), without substantial deviation therefrom unless approved by the Manager or Franchisor that issued the PIP; (d) cause such Renovations to be constructed and completed free and clear of any mechanic’s liens, materialman’s liens and equitable liens (subject to Section 8.16.); (e) pay or cause to be paid all costs of such Renovations when due; (f) fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (g) promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s liens, materialman’s liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16.). (b) Borrower shall notify the Administrative Agent of any Major Renovations that are scheduled or planned for any Collateral Property and shall, if requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Renovations, and (ii) upon substantial completion of such Major Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations certifying, without qualification or exception, that such Major Renovations are substantially completed, (B) all required occupancy permit(s) for the Collateral Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion.

Completion of Renovations. (a) In the event that any Subsidiary Guarantor or Operating Lessee shall undertake any Renovations to a Collateral Borrowing Base Property pursuant to a PIP or otherwise, the Borrower shall (i) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable); (b) cause to be obtained all governmental permits required for such Renovations; (c) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the Manager and Franchisor, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable), without substantial deviation therefrom unless approved by the Manager or Franchisor that issued the PIP; (d) cause such Renovations to be constructed and completed free and clear of any mechanic’s 's liens, materialman’s 's liens and equitable liens (subject to Section 8.16.); (e) pay or cause to be paid all costs of such Renovations when due; (f) fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (g) promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s 's liens, materialman’s 's liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16.). (b) Borrower shall notify the Administrative Agent of any Major Renovations that are scheduled or planned for any Collateral Borrowing Base Property and shall, if requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Renovations, and (ii) upon substantial completion of such Major Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations certifying, without qualification or exception, that such Major Renovations are substantially completed, (B) all required occupancy permit(s) for the Collateral Borrowing Base Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion.

Completion of Renovations. (a) In the event that Borrower or any Subsidiary Guarantor or Operating Lessee shall undertake any Renovations to a Collateral Borrowing Base Property pursuant to a PIP or otherwise, the Borrower shall (i) obtain the prior written approval of Agentthe Required Lenders (which approval shall not be unreasonably withheld, conditioned or delayed) of such Renovation if the total budgeted cost for such Renovation (together with any related Renovations at such Borrowing Base Property) exceeds $500,000.00; (ii) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable)) and any Material Contract; (biii) cause to be obtained all governmental permits required for such Renovations; (civ) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the Manager and Franchisor, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable), without substantial deviation therefrom unless approved by the Agent (which approval shall not be unreasonably withheld, conditioned or delayed) and by the Manager or Franchisor that issued the PIPFranchisor, as applicable; (dv) cause such Renovations to be constructed and completed free and clear of any mechanic’s liens, materialman’s liens and equitable liens (subject to Section 8.16.)liens; (evi) pay or cause to be paid all costs of such Renovations when due; (fvii) subject to Borrower’s or Subsidiary Guarantor’s rights pursuant to §7.19(c), fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (gviii) subject to Borrower’s or Subsidiary Guarantor’s rights pursuant to §7.19(c), promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s liens, materialman’s liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16.)Renovations. (b) Borrower shall notify the Administrative Agent of any Major Material Renovations that are scheduled or planned for any Collateral Borrowing Base Property and shall, if reasonably requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Material Renovations, and (ii) upon substantial completion of such Major Material Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations Material Renovations) certifying, without qualification or exception, that such Major Material Renovations are substantially completed, (B) all required occupancy permit(s) for the Collateral Borrowing Base Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion. (c) The Borrower shall not suffer or permit any mechanics’, materialmen’s, suppliers’ or other Lien claims to be filed or otherwise asserted against any Borrowing Base Property, subject to Borrower’s rights pursuant to §7.19(c). If a claim of lien is recorded which affects any Borrowing Base Property, the Borrower shall, within fifteen (15) days of such recording, or within ten (10) days of the Agent’s demand, whichever occurs first: (i) pay and discharge, or cause to be paid and discharged, the claim of Lien; or (ii) provide the Agent with other assurances (which may include a bond) which the Agent deems, in its reasonable discretion, to be satisfactory for the payment of such claim of Lien and for the full and continuous protection of the Agent and the Lenders from the effect of such Lien.

Completion of Renovations. (a) In the event that any Subsidiary Guarantor Borrower or Operating Lessee shall undertake any Renovations to a Collateral the Property pursuant to a PIP or otherwise, the Borrower shall (i) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable); (b) cause to be obtained all governmental permits required for such Renovations; (c) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the Manager and Franchisor, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable), without substantial deviation therefrom unless approved by the Manager or Franchisor that issued the PIP; (d) cause such Renovations to be constructed and completed free and clear of any mechanic’s liens, materialman’s liens and equitable liens (subject to Section 8.16.); (e) pay or cause to be paid all costs of such Renovations when due; (f) fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (g) promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s liens, materialman’s liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16.). (b) Borrower shall notify the Administrative Agent of any Major Renovations that are scheduled or planned for any Collateral the Property and shall, if requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Renovations, and (ii) upon substantial completion of such Major Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations certifying, without qualification or exception, that such Major Renovations are substantially completed, (B) all required occupancy permit(s) for the Collateral Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion.

Completion of Renovations. (a) In the event that any Subsidiary Guarantor or Operating Lessee Borrower shall undertake any Renovations to a Collateral the Property pursuant to a PIP or otherwise, the Borrower shall (i) obtain the prior written approval of Agent (which approval may be withheld in its sole and absolute discretion) of such Renovation; (ii) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable)) and any Material Contract; (biii) cause to be obtained all governmental permits required for such Renovations; (civ) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the Manager and Franchisor, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable), without substantial deviation therefrom unless approved by the Agent (which approval shall not be unreasonably withheld, conditioned or delayed) and by the Manager or Franchisor that issued the PIPFranchisor, as applicable; (dv) cause such Renovations to be constructed and completed free and clear of any mechanic’s liens, materialman’s liens and equitable liens (subject to Section 8.16.)liens; (evi) pay or cause to be paid all costs of such Renovations when due; (fvii) subject to Borrower’s rights pursuant to §7.19(c), fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (gviii) subject to Borrower’s rights pursuant to §7.19(c), promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s liens, materialman’s liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16Renovations.). (b) Borrower shall notify the Administrative Agent of any Major Renovations that are scheduled or planned for any Collateral Property and shall, if requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Renovations, and (ii) upon substantial completion of such Major Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations certifying, without qualification or exception, that such Major Renovations are substantially completed, (B) all required occupancy permit(s) for the Collateral Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion.

Completion of Renovations. (a) In the event that Borrower or any Subsidiary Guarantor or Operating Lessee shall undertake any Renovations to a Collateral Borrowing Base Property pursuant to a PIP or otherwise, the Borrower shall (i) obtain the prior written approval of Agent (which approval shall not be unreasonably withheld, conditioned or delayed) of such Renovation if the total budgeted cost for such Renovation (together with any related Renovations at such Borrowing Base Property) exceeds $500,000.00; (ii) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable)) and any Material Contract; (biii) cause to be obtained all governmental permits required for such Renovations; (civ) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the Manager and Franchisor, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable), without substantial deviation therefrom unless approved by the Agent (which approval shall not be unreasonably withheld, conditioned or delayed) and by the Manager or Franchisor that issued the PIPFranchisor, as applicable; (dv) cause such Renovations to be constructed and completed free and clear of any mechanic’s liens, materialman’s liens and equitable liens (subject to Section 8.16.)liens; (evi) pay or cause to be paid all costs of such Renovations when due; (fvii) subject to Borrower’s or Subsidiary Guarantor’s rights pursuant to §7.19(c), fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (gviii) subject to Borrower’s or Subsidiary Guarantor’s rights pursuant to §7.19(c), promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s liens, materialman’s liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16.)Renovations. (b) Borrower shall notify the Administrative Agent of any Major Material Renovations that are scheduled or planned for any Collateral Borrowing Base Property and shall, if reasonably requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Material Renovations, and (ii) upon substantial completion of such Major Material Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations Material Renovations) certifying, without qualification or exception, that such Major Material Renovations are substantially completed, (B) all required occupancy permit(s) for the Collateral Borrowing Base Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion. (c) The Borrower shall not suffer or permit any mechanics’, materialmen’s, suppliers’ or other Lien claims to be filed or otherwise asserted against any Borrowing Base Property, subject to Borrower’s rights pursuant to §7.19(c). If a claim of lien is recorded which affects any Borrowing Base Property, the Borrower shall, within fifteen (15) days of such recording, or within ten (10) days of the Agent’s demand, whichever occurs first: (i) pay and discharge, or cause to be paid and discharged, the claim of Lien; or (ii) provide the Agent with other assurances (which may include a bond) which the Agent deems, in its reasonable discretion, to be satisfactory for the payment of such claim of Lien and for the full and continuous protection of the Agent and the Lenders from the effect of such Lien.

Completion of Renovations. (a) In the event that any Subsidiary Guarantor or Operating Lessee shall undertake any Renovations to a Collateral Property pursuant to a PIP or otherwise, the Borrower shall (i) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable); (b) cause to be obtained all governmental permits required for such Renovations; (c) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the Manager and Franchisor, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable), without substantial deviation therefrom unless approved by the Manager or Franchisor that issued the PIP; (d) cause such Renovations to be constructed and completed free and clear of any mechanic’s 's liens, materialman’s 's liens and equitable liens (subject to Section 8.16.); (e) pay or cause to be paid all costs of such Renovations when due; (f) fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (g) promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s 's liens, materialman’s 's liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16.). (b) Borrower shall notify the Administrative Agent of any Major Renovations that are scheduled or planned for any Collateral Property and shall, if requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Renovations, and (ii) upon substantial completion of such Major Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations certifying, without qualification or exception, that such Major Renovations are substantially completed, (B) all required occupancy permit(s) for the Collateral Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion.

Completion of Renovations. (a) In the event that any Subsidiary Guarantor a Borrower or Operating Lessee shall undertake any Renovations to a Collateral Property pursuant to a PIP or otherwise, the such Borrower or Operating Lessee shall (i) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable)PIP; (bii) cause to be obtained all governmental permits required for such Renovations; (ciii) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the applicable Manager and and/or Franchisor, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable)PIP, without substantial deviation therefrom unless approved by the such Manager or and/or Franchisor that issued the PIP; (div) cause such Renovations to be constructed and completed free and clear of any mechanic’s liens, materialman’s liens and equitable liens (subject to Section 8.16.8.22); (ev) pay or cause to be paid all costs of such Renovations when due; (fvi) fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (gvii) promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s 's liens, materialman’s 's liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16.8.22). (b) Borrower shall notify the Administrative Agent of any Major Renovations that are scheduled or planned for any Collateral a Property and shall, if requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Renovations, and (ii) upon substantial completion of such Major Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations certifying, without qualification or exception, that such Major Renovations are substantially completedcomplete, (B) all required occupancy permit(s) permits for the Collateral applicable Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion.

Completion of Renovations. (a) In the event that Borrower or any Subsidiary Guarantor or Operating Lessee shall undertake any Renovations to a Collateral Property pursuant to a PIP or otherwiseBorrowing Base Property, the Borrower shall (i) obtain the prior written approval of Agent (which approval shall not be unreasonably withheld, conditioned or delayed) of such Renovation if the total budgeted cost for such Renovation (together with any related Renovations at such Borrowing Base Property) exceeds $1,000,000.00; (ii) use commercially reasonable efforts to cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable)any Material Contract; (biii) cause to be obtained all governmental permits required for such Renovations; (civ) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of any Manager or tenant to the Manager and Franchisorextent applicable, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable)therefor, without substantial deviation therefrom unless approved by the Agent (which approval shall not be unreasonably withheld, conditioned or delayed) and by the Manager or Franchisor that issued tenant, as applicable to the PIPextent applicable; and to the extent their respective approval is required; (dv) subject to Section 7.19(c), cause such Renovations to be constructed and completed free and clear of any mechanic’s liens, materialman’s liens and equitable liens (subject to Section 8.16.)liens; (evi) pay or cause to be paid all costs of such Renovations when due; (fvii) subject to Borrower’s or Subsidiary Guarantor’s rights pursuant to §7.19(c), fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (gviii) subject to Borrower’s or Subsidiary Guarantor’s rights pursuant to §7.19(c), promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s liens, materialman’s liens and equitable liens that may arise in connection with such Renovations; and (ix) cause such Renovations to be completed no later than the date that is six (subject 6) months prior to Section 8.16.)the Maturity Date unless otherwise approved by the Agent. (b) Borrower shall notify the Administrative Agent of any Major Renovations that are scheduled or planned for any Collateral Borrowing Base Property and shall, if reasonably requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Renovations, and (ii) upon substantial completion of such Major Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations Renovations) certifying, without qualification or exception, that such Major Renovations are substantially completed, (B) all required occupancy permit(s) for the Collateral Borrowing Base Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion. (c) The Borrower shall not suffer or permit any mechanics’, materialmen’s, suppliers’ or other Lien claims to be filed or otherwise asserted against any Borrowing Base Property, subject to Borrower’s rights pursuant to §7.19(c), provided that Borrower shall have the right to contest in good faith and with reasonable diligence the validity of any such lien or claim so long as Borrower posts a statutory xxxx xxxx which removes such lien from title to such Borrowing Base Property within thirty (30) days of the filing of such lien. If a claim of lien is recorded which affects any Borrowing Base Property, subject to the immediately foregoing sentence, the Borrower shall, within thirty (30) days of such recording: (i) pay and discharge, or cause to be paid and discharged, the claim of Lien; or (ii) provide the Agent with other assurances (which may include a bond) which the Agent deems, in its reasonable discretion, to be satisfactory for the payment of such claim of Lien and for the full and continuous protection of the Agent and the Lenders from the effect of such Lien.

Completion of Renovations. (a) In the event that any Subsidiary Guarantor Borrower or Operating Lessee shall undertake any Renovations to a Collateral the Property pursuant to a PIP or otherwise, the Borrower or Operating Lessee, as applicable shall (i) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable)PIP; (bii) cause to be obtained all governmental permits required for such Renovations; (ciii) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the applicable Manager and and/or Franchisor, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable)PIP, without substantial deviation therefrom unless approved by the such Manager or and/or Franchisor that issued the PIP; (div) cause such Renovations to be constructed and completed free and clear of any mechanic’s liens, materialman’s liens and equitable liens (subject to Section 8.16.8.22); (ev) pay or cause to be paid all costs of such Renovations when due; (fvi) fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (gvii) promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s 's liens, materialman’s 's liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16.8.22). (b) Borrower shall notify the Administrative Agent of any Major Renovations that are scheduled or planned for any Collateral the Property and shall, if requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Renovations, and (ii) upon substantial completion of such Major Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations certifying, without qualification or exception, that such Major Renovations are substantially completedcomplete, (B) all required occupancy permit(s) permits for the Collateral applicable Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion.

Completion of Renovations. (a) In the event that any Subsidiary Guarantor or Operating Lessee shall undertake any Renovations to a Collateral Borrowing Base Property pursuant to a PIP or otherwise, the Borrower shall (i) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable); (b) cause to be obtained all governmental permits required for such Renovations; (c) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the Manager and Franchisor, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable), without substantial deviation therefrom unless approved by the Manager or Franchisor that issued the PIP; (d) cause such Renovations to be constructed and completed free and clear of any mechanic’s 's liens, materialman’s 's liens and equitable liens (subject to Section 8.16.); (e) pay or cause to be paid all costs of such Renovations when due; (f) fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (g) promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s 's liens, materialman’s 's liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16.). (b) Borrower shall notify the Administrative Agent of any Major Renovations that are scheduled or planned for any Collateral Borrowing Base Property and shall, if requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Renovations, and (ii) upon substantial completion of such Major Renovations (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations certifying, without qualification or exception, that such Major Renovations are substantially completed), (B) all required occupancy permit(s) for the Collateral Borrowing Base Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion.

Completion of Renovations. (a) In the event that any Subsidiary Guarantor Borrower or Operating Lessee shall undertake any Renovations to a Collateral the Property pursuant to a PIP or otherwise, the such Borrower or Operating Lessee shall (i) cause the same to be performed diligently and promptly and to be commenced, performed and completed within the time limits set forth in the PIP (if applicable)PIP; (bii) cause to be obtained all governmental permits required for such Renovations; (ciii) cause such Renovations to be constructed, performed and completed in compliance, in all material respects, with Applicable Law and all applicable requirements of the Manager and FranchisorManager, in a good and workmanlike manner, with materials of high quality, free of defects, and in accordance with the plans and specifications therefor and the PIP (if applicable)PIP, without substantial deviation therefrom unless approved by the Manager or Franchisor that issued the PIPManager; (div) cause such Renovations to be constructed and completed free and clear of any mechanic’s liens, materialman’s liens and equitable liens (subject to Section 8.16.8.20); (ev) pay or cause to be paid all costs of such Renovations when due; (fvi) fully pay and discharge, or cause to be fully paid and discharged, all claims for labor performed and material and services furnished in connection with such Renovations; and (gvii) promptly release and discharge, or cause to be released and discharged, all claims of stop notices, mechanic’s liens, materialman’s liens and equitable liens that may arise in connection with such Renovations (subject to Section 8.16.8.20). (b) Borrower Administrative Agent’s prior written consent shall notify the Administrative Agent be required prior to commencement of any Major Renovations that are scheduled or planned with respect to the Property and, in connection with Administrative Agent’s consideration of any request for any Collateral Property consent, Borrower and Operating Lessee shall, if requested by the Administrative Agent, promptly furnish or cause to be furnished to the Administrative Agent (i) copies of any plans and specifications, contracts and governmental permits for such Major Renovations, and (ii) any other documentation related to estimated cost, scope and timing of such Major Renovations as Administrative Agent may request. In addition, upon substantial completion of such any Major Renovations Renovations, Borrower and Operating Lessee shall provide to Administrative Agent (A) a written statement or certificate executed by the architect designated or shown on the plans and specifications (or, if no architect has been retained, from the general contractor for such Major Renovations certifying, without qualification or exception, that such Major Renovations are substantially completedcomplete, (B) all required occupancy permit(s) permits for the Collateral Property issued by the local government agency having jurisdiction and authority to issue same, and (C) such other evidence of lien free completion as the Administrative Agent deems satisfactory in its reasonable discretion.