Common use of CONSTRUCTION EVENT OF DEFAULT Clause in Contracts

CONSTRUCTION EVENT OF DEFAULT. 6.1 Subject only to the rights expressly afforded to Agent in this Article 6, Hospital shall serve notice to Agent, with a copy to Project Co, of a Construction Event of Default (the “Construction Default Notice”) contemporaneously with any notice delivered by Hospital to Contractor under the Construction Contract.

Appears in 9 contracts

Samples: Lender’s Direct Agreement, Direct Agreement, Lender’s Direct Agreement

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CONSTRUCTION EVENT OF DEFAULT. 6.1 Subject only to the rights expressly afforded to Agent Lender in this Article 6, Hospital shall serve notice to AgentLender, with a copy to Project Co, of a Construction Event of Default (the “Construction Default Notice”) contemporaneously with any notice delivered by Hospital to Contractor under the Construction Contract.

Appears in 5 contracts

Samples: Project Agreement, Lender’s Direct Agreement, Lender’s Direct Agreement

CONSTRUCTION EVENT OF DEFAULT. 6.1 Subject only to the rights expressly afforded to Agent in this Article 6, Hospital shall serve notice to Agent, with a copy to Project Co, Agent of a Construction Event of Default (the “Construction Default Notice”) contemporaneously with any notice delivered by Hospital to Contractor under the Construction Contract.

Appears in 4 contracts

Samples: Project Agreement, Lender’s Direct Agreement, Direct Agreement

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CONSTRUCTION EVENT OF DEFAULT. 6.1 Subject only to the rights expressly afforded to Agent Trustee in this Article 6, Hospital shall serve notice to AgentTrustee, with a copy to Project Co, of a Construction Event of Default (the “Construction Default Notice”) contemporaneously with any notice delivered by Hospital to Contractor under the Construction Contract.

Appears in 2 contracts

Samples: Lender’s Direct Agreement, Project Agreement

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