Construction Information and Verification Sample Clauses

Construction Information and Verification. (a) Within thirty (30) days after receiving a written request from the Bondholder Representative so to do, the Borrower shall deliver to the Bondholder Representative any and all of the following information and documents, all in forms reasonably acceptable to the Bondholder Representative: (i) Current Plans and Specifications for the Project certified by the Architect as being complete and accurate; (ii) If required by Bondholder Representative, a current, complete, and correct list showing the name, address, and telephone number of each contractor, subcontractor, and material supplier who is engaged by the Borrower in connection with the Construction of the Project, together with the total dollar amount of each contract and subcontract (including any changes) and the amounts paid through the date of the list; (iii) A true and correct copy of the most current version of the Construction Contract, including any changes; (iv) A current construction progress schedule showing the progress of construction and the projected sequencing and completion times for uncompleted work, all as of the date of the schedule; (v) Any update to any item described above, previously delivered to the Bondholder Representative; and (vi) At any time after Construction of the Project, as-built plans and specifications for the Project as actually completed to date, certified by the Architect as being complete and accurate (provided, however, if the Architect is not reasonably able to deliver such as built plans and specifications within such thirty (30) day period, the Bondholder Representative consents to extend the Borrower’s deadline up to an additional thirty (30) days). (b) The Borrower expressly authorizes the Bondholder Representative to contact the Architect, the Contractor, or any contractor, subcontractor, material supplier, surety, or any Governmental Authority or agency to verify or discuss any information disclosed in accordance with this Section 5.11 and any other information that the Bondholder Representative may reasonably require. (c) The Borrower shall promptly notify the Bondholder Representative of any material default by Architect under the Architecture Contract and Contractor under the Construction Contract which is not cured after the passage of applicable notice and cure periods. If the Architect terminates or materially breaches the Architecture Contract or the Contractor terminates or materially breaches the Construction Contract and the Architect or the Co...

Construction Information and Verification. (a) Bank shall have the right to request additional information from Borrower from time to time during the term of the Loan. Bank may request the following information, if Bank, through any inspecting architect or construction administrator, reasonably determines that there has been a material and adverse change in the construction of the Improvements. In such case, and within fifteen (15) days after receiving written notice from Bank, Borrower shall deliver to Bank all of the following information and documents that Bank may reasonably request: (i) A current, complete and correct list showing the name, address and telephone number of each contractor, subcontractor and material supplier engaged in connection with the construction of the Improvements, and the total dollar amount of each contract and subcontract (including any changes) together with the amounts paid through the date of the list; (ii) True and correct copies of the most current versions of all executed contracts and subcontracts identified in the list described in clause (i) above, including any changes; (iii) A current construction progress schedule showing the progress of construction and the projected sequencing and completion times for uncompleted work, all as of the date of the schedule; and (iv) Any update to any item described above, which Borrower may have previously delivered to Bank. (b) Upon the occurrence and continuation of an Event of Default, or if Bank, through any inspecting architect or construction administrator, reasonably determines that there has been a material and adverse change in the construction of the Improvements and provides prior written notice to Borrower, Borrower expressly authorizes Bank to contact the Architect, Contractor or any contractor, subcontractor, material supplier, surety or any governmental authority or agency to verify any information disclosed in accordance with this Section. (c) If based on the reports of the inspecting architect and based on any construction progress schedule or other materials submitted by Borrower, Bank, in its reasonable judgment, determines that the Improvements will not be completed by the Completion Date, subject to a Force Majeure Event (subject to any time limitations in the definition of “Force Majeure Event”), Bank may request Borrower in writing to reschedule the work of construction to permit timely completion. Within fifteen (15) days after receiving such a request from Bank, Borrower shall deliver to Bank a revi...

Construction Information and Verification. (a) Within fifteen (15) days after receiving notification from Bank, Borrower shall deliver to Bank any and all of the following information and documents that Bank may request, all in forms reasonably acceptable to Bank: (i) Current plans and specifications for the Improvements certified by the Engineer as being complete and accurate; (ii) A current, complete and correct list showing the name, address and telephone number of each contractor, subcontractor and material supplier engaged in connection with the construction of the Improvements, and the total dollar amount of each contract and subcontract (including any changes) together with the amounts paid through the date of the list; (iii) True and correct copies of the most current versions of all executed contracts and subcontracts identified in the list described in clause (ii) above, including any changes; (iv) A current construction progress schedule showing the progress of construction and the projected sequencing and completion times for uncompleted work, all as of the date of the schedule; (v) Any update to any item described above, which Borrower may have previously delivered to Bank; 6 (vi) Following completion of the Improvements, as-built plans and specifications for the Improvements as actually completed, certified by the Engineer as being complete and accurate;