Completion of Required Repairs Sample Clauses

Completion of Required Repairs. Borrower shall perform and complete each item of the repairs and environmental remedial work at the Property described on Schedule 1 hereto (the “Required Repairs”) within six (6) months of the date hereof or such shorter period of time for such item set forth on Schedule 1 hereto.
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Completion of Required Repairs. Borrower shall apply all funds deposited in the Required Repairs Subaccount (defined below) towards the performance the items of the repairs and environmental remedial work at the Property described on Schedule 1 hereto (the “Required Repairs”) within twelve (12) months of the date hereof. The inability by Borrower to fully apply such funds or to fully perform any one or more of the Required Repairs within the time period set forth above, shall not in and of itself, constitute a Default or an Event of Default hereunder, provided that Borrower is diligently and continuously taking all commercially reasonable steps necessary to perform the Required Repair(s) in question.
Sample 1Sample 2Sample 3
Completion of Required Repairs. 3.2.2 Required Repairs Reserves
Sample 1Sample 2
Completion of Required Repairs. Borrowers shall perform and complete each item of the repairs and environmental remedial work relating to the Properties described on Schedule 2 hereto (the “Required Repairs”) within six (6) months of the date hereof or such shorter period of time for such item set forth on Schedule 2 hereto; provided that if Borrowers have commenced and diligently pursued the completion of any such repairs or remedial work and such repairs or remedial work cannot reasonably be completed within such six (6) month period, Borrowers shall, so long as Borrowers continue to diligently pursue the completion thereof, have such time as is reasonably necessary to complete such repairs, such additional time not to exceed an additional six (6) months. Borrowers shall not be required to deposit any reserves in connection with the Required Repairs.
Sample 1
Completion of Required Repairs. Borrower shall complete (or cause to be completed) all Required Repairs at the Property in a good and workmanlike manner and, to Borrower’s knowledge, in accordance with all applicable Legal Requirements, subject to the applicable terms of this Agreement. At Lender’s request, in connection with any Required Repair having an aggregate cost of $50,000.00 or greater, Borrower shall deliver to Lender, (a) full lien waivers from all parties furnishing materials and/or services in connection with the completed Required Repairs, or other evidence of payment satisfactory to Lender, (b) a title search for the Property indicating that the Property is free from all liens, claims and other encumbrances not previously approved by Lender (other than Permitted Encumbrances) and (c) such other evidence as Lender shall reasonably request that the Required Repairs at the Property to be funded by the requested disbursement have been completed and are paid for.
Sample 1
Completion of Required Repairs. Borrower shall perform each item of the repairs and environmental remedial work at the Property described on Schedule 1 (the “Required Repairs”), and shall complete such Required Repairs in the following time frames: (i) all items referenced on Schedule 1 as Code Issues and Deferred Maintenance shall be completed by Borrower within three (3) months after the date hereof, and (ii) all items referenced on Schedule 1 as ADA issues shall be completed by Borrower within six (6) months after the date hereof.
Sample 1
Completion of Required Repairs. Borrower shall perform and complete each item of the repairs and environmental remedial work at the Property described in the
Sample 1
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Completion of Required Repairs. Borrower represents and warrants to Lender that Borrower has reserved on its books sufficient funds to cover Borrower’s share of the repair work at the Property described on Schedule 1 hereto (the “Required Repairs”). Borrower shall perform and complete the Required Repairs within twelve (12) months of the date hereof; provided, however, the inability by Borrower to fully perform any the Required Repairs within the time period set forth above, shall not in and of itself, constitute a Default or an Event of Default hereunder, provided that Borrower is diligently and continuously taking all commercially reasonable steps necessary to perform the Required Repair(s) in question.
Sample 1
Completion of Required Repairs. Borrower shall perform and complete each item of the repairs and environmental remedial work at the Property described on Schedule 1 hereto (the “Required Repairs”) within six (6) months of the date hereof; provided, however, that if such Required Repairs cannot reasonably be completed within such six (6) month period, upon Borrower’s request, such period shall be extended in Lender’s reasonable discretion for such additional period of time as is reasonably necessary for Borrower in the exercise of due diligence to complete such Required Repairs, so long as (a) Borrower in good faith commences its efforts to perform such Required Repairs promptly after the date hereof and thereafter diligently and expeditiously proceeds to perform and complete the same, and (b) Borrower’s failure to have completed such Required Repairs does not materially adversely affect the value, operation or use of the Property, Lender’s rights under the Loan Documents or Borrower’s ability to repay the Loan.
Sample 1

Related to Completion of Required Repairs

  • Completion of Repairs Borrower will commence any Repairs as soon as practicable after the date of this Loan Agreement and will diligently proceed with and complete such Repairs on or before the Completion Date. All Repairs and Capital Replacements will be completed in a good and workmanlike manner, with suitable materials, and in accordance with good building practices and all applicable laws, ordinances, rules, regulations, building setback lines and restrictions applicable to the Mortgaged Property. Borrower agrees to cause the replacement of any material or work that is defective, unworkmanlike or that does not comply with the requirements of this Loan Agreement, as determined by Lender.

  • Required Repairs (a) Borrower shall make the repairs and improvements to each Individual Property set forth on Schedule 9.1 and as more particularly described in the Property Condition Report prepared in connection with the closing of the Loan (such repairs hereinafter referred to as “Required Repairs”). Borrower shall complete the Required Repairs in a good and workmanlike manner on or before the date that is twelve (12) months from the Closing Date or within such other time frame for completion specifically set forth on Schedule 9.1.

  • Final Completion The full and final completion of all Work in accordance with the Contract Documents.

  • Completion of the Project The Contracting Party shall complete the construction, equipping and furnishing of the Improvements in accordance with the Plans and submit to the Board a Certificate of Completion on or before November 1, 2016.

  • Substantial Completion “Substantial Completion” means the stage in the progress of the Work when the Work, or designated portions thereof, may still require minor modifications or adjustments but, in the Owner’s opinion, the Work has progressed to the point such that all parts of the Work under consideration are fully operational and usable for intended purposes, as evidenced by a Certificate of Substantial Completion approved by the Owner. If a Certificate of Occupancy is required by public authorities having jurisdiction over the Work, said certificate shall be issued before the Work or any portion thereof is considered substantially complete. When the Contractor considers that the Work, or a portion thereof which the Owner agrees to accept separately, is substantially complete, the Contractor shall notify Owner’s Designated Representative (sometimes referred to as the “ODR”) and request a determination as to whether the Work or designated portion thereof is substantially complete. If the ODR does not consider the Work substantially complete, the ODR will notify the Contractor giving reasons therefore. Failure on the Owner’s part to list a reason does not alter the responsibility of the Contractor to complete all Work in accordance with the terms of this Agreement. After satisfactorily completing items identified by Owner’s Designated Representative, the Contractor shall then submit another request for the ODR to determine Substantial Completion. If The ODR considers the Work substantially complete, The ODR will prepare and deliver a certificate of Substantial Completion which shall establish the date of Substantial Completion, shall include a punch list of items to be completed or corrected before final completion and final payment, shall establish the time within which the Contractor shall finish the punch list, and shall establish responsibilities of the Owner and the Contractor for security, maintenance, heat, utilities, damage to the Work, warranty and insurance. Failure to include an item on the punch list does not alter the responsibility of the Contractor to complete all Work in accordance with the terms and conditions of this Agreement. The certificate of Substantial Completion shall be signed by the Owner and the Contractor to evidence acceptance of the responsibilities assigned to them in such certificate. Substantial Completion (as defined in this agreement) for all stages of the Work shall be achieved on or before the following Substantial Completion date: DATE FOR SUBSTANTIAL COMPLETION: TBD Under no circumstances will the time for Substantial Completion exceed this date without a written amendment to this Agreement. THE TIMES SET FORTH IN THE CONSTRUCTION DOCUMENTS ARE AN ESSENTIAL ELEMENT OF THE AGREEMENT. TIME LIMITS STATED IN THE CONTRACT DOCUMENTS ARE OF THE ESSENCE OF THIS AGREEMENT.

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