Construction Contract Only. Borrower shall not execute any contract or become party to any arrangement for the performance of work on the Real Property with any Person except Contractor, and if there is no Contractor, Borrower shall contract only with major subcontractors approved by Bank for the performance of work on the Real Property.
Appears in 3 contracts
Samples: Construction and Permanent Loan Agreement, Construction and Permanent Loan Agreement, Funding Loan Agreement
Construction Contract Only. Borrower shall not execute any contract or become party to any arrangement for the performance of work on the Real Property with any Person except Contractor, Contractor and if there is no Contractor, Borrower shall contract only with major subcontractors such other parties approved by Bank Lender for the performance of work on the Real Property.
Appears in 3 contracts
Samples: Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC)
Construction Contract Only. Borrower shall not execute any contract or become party to any arrangement for the performance of work on the Real Property with any Person except Contractor, if there is one and if there is no Contractor, Borrower shall contract enter into Major Contracts only with major those subcontractors reasonably approved by Bank for the performance of work on the Real Property, provided that the subcontractors described in the contracts on Schedule 6.7 hereto are hereby approved by Bank.
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