Common use of Construction Obligations Clause in Contracts

Construction Obligations. (a) Subject to the satisfaction or waiver of the Contracting Parties Conditions, Project Co agrees to complete the Project and in furtherance thereof to enter into, and cause the Contractor to enter into, the following agreements and otherwise complete the following on Financial Close: (i) the execution and delivery of the Construction Contract between Project Co in the capacity of “Owner” thereunder and Contractor; (ii) the execution and delivery of the Limited Assignment of Construction Contract with Hospital and Contractor; (iii) the execution and delivery of certificates confirming the representations and warranties in Section 3.1 and Section 3.2; and (iv) the execution and delivery of such other related and ancillary instruments, agreements and documents as are customary and are necessary to give effect to this transaction.

Appears in 4 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

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Construction Obligations. (a) Subject to the satisfaction or waiver of the Contracting Parties Conditions, Project Co agrees to complete the Project and in furtherance thereof to enter into, and cause the Contractor to enter into, the following agreements and otherwise complete the following on Financial Close: (i) the execution and delivery of the Construction Contract between Project Co in the capacity of “Owner” thereunder and Contractor; (ii) the execution and delivery of the Limited Assignment of Construction Contract with Hospital between Project Co, Contractor and ContractorHospital; (iii) the execution and delivery of certificates confirming the representations and warranties in Section 3.1 and Section 3.2; and (iv) the execution and delivery of such other related and ancillary instruments, agreements and documents as are customary and are necessary to give effect to this transaction.

Appears in 1 contract

Samples: Project Agreement

Construction Obligations. (a) Subject to the satisfaction or waiver of the Contracting Parties Conditions, Project Co agrees to complete the Project and in furtherance thereof to enter into, and cause the Contractor to enter into, the following agreements and otherwise complete the following on Financial Close:Close:‌ (i) the execution and delivery of the Construction Contract between Project Co in the capacity of “Owner” thereunder and Contractor; (ii) the execution and delivery of the Limited Assignment of Construction Contract with Hospital between Project Co, Contractor and ContractorHospital; (iii) the execution and delivery of certificates confirming the representations and warranties in Section 3.1 and Section 3.2; and (iv) the execution and delivery of such other related and ancillary instruments, agreements and documents as are customary and are necessary to give effect to this transaction.

Appears in 1 contract

Samples: Project Agreement

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Construction Obligations. (a) Subject to the satisfaction or waiver of the Contracting Parties Conditions, Project Co agrees to complete the Project and in furtherance thereof to enter into, and cause the Contractor to enter into, the following agreements and otherwise complete the following on Financial Close: (ib) the execution and delivery of the Construction Contract between Project Co in the capacity of “Owner” thereunder and Contractor; (iic) the execution and delivery of the Limited Assignment of Construction Contract with Hospital and Contractor; (iiid) the execution and delivery of certificates confirming the representations and warranties in Section 3.1 and Section 3.2; and (ive) the execution and delivery of such other related and ancillary instruments, agreements and documents as are customary and are necessary to give effect to this transaction.

Appears in 1 contract

Samples: Project Agreement

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