Construction Consultant Approval Sample Clauses
POPULAR SAMPLE Copied 1 times
Construction Consultant Approval. Lender has received advice from the Construction Consultant, satisfactory to Lender, as to Construction Consultant’s determination, acting seasonably, based on on-site inspections of the Improvements and the data submitted to and reviewed by it as part of Borrower’s Requisition of the value of the labor and materials in place, that the construction of the Project Improvements is proceeding satisfactorily and according to schedule and that the work on account of which the Advance is sought has been completed in a good and workmanlike manner to such Construction Consultant’s satisfaction and substantially in accordance with the Plans and Specifications.
Construction Consultant Approval. Lender shall have received a Construction Consultant Approval with respect to the Construction Loan Advance, it being expressly agreed by Lender that Lender shall diligently pursue obtaining Construction Consultant’s response within a commercially reasonable time period following any Draw Request which includes all the required items as set forth herein.
Construction Consultant Approval. The Construction Consultant has advised the Agent that all matters relating to the construction of the Project are progressing in substantial accordance with the Plans and Specifications and the Construction Schedule.
Construction Consultant Approval. Agent shall have received advice from the Construction Consultant, reasonably satisfactory to Agent, as to Construction Consultant's reasonable determination based on on-site inspections of the Improvements and the data submitted to and reviewed by it as part of Borrower's Requisition of the value of the labor and materials in place, that the construction of the Improvements is proceeding reasonably satisfactorily and that the work on account of which the Advance is sought has been completed in a good and workmanlike manner to such Consultant's reasonable satisfaction and substantially in accordance with the Plans and Specifications and according to schedule so as to (i) avoid Bloomberg having a right to terminate the Bloomberg Lease for failing to meet the relevant milestone dates thereunder, and (ii) permit Borrower to achieve Completion of the Base Building Work by the Initial Maturity Date.
Construction Consultant Approval. Lender has not received an unsatisfactory Project Report or other written report from the Construction Consultant based on the Construction Consultant’s on-site inspections of the Improvements and the data submitted to and reviewed by it as part of Borrower’s Requisition of the value of the labor and materials in place, such as a determination that the construction of the Project Improvements is not proceeding reasonably satisfactorily and according to schedule and that the work on account of which the Disbursement is sought has not been completed in a good and workmanlike manner to such Construction Consultant’s reasonable satisfaction within the Construction Budget (as the same may be updated from time to time) and in accordance with the Plans and Specifications and Legal Requirements in all material respects.
Construction Consultant Approval. Agent has received advice from the Construction Consultant, satisfactory to Agent in the reasonable and good faith exercise of its discretion, as to Construction Consultant’s determination based on the Base Project Documents, on-site inspections of the Project Improvements and the data submitted to and reviewed by it as part of Borrower’s Requisition of the value of the labor and materials in place, that the construction of the Project Improvements is proceeding satisfactorily and according to schedule and that the work on account of which the Total Deemed Advance is sought has been completed in a good and workmanlike manner to such Construction Consultant’s reasonable satisfaction and substantially in accordance with the Plans and Specifications and Legal Requirements.