Common use of CONTRACTOR/CONSTRUCTION INFORMATION Clause in Contracts

CONTRACTOR/CONSTRUCTION INFORMATION. Within ten (10) Business Days of Administrative Agent’s written request, Borrower shall deliver to Administrative Agent from time to time in a form reasonably acceptable to Administrative Agent: (a) a list detailing the name, address and phone number of each contractor, subcontractor and material supplier to be employed or used for construction of the Improvements together with the dollar amount, including changes, if any, of each contract and subcontract, and the portion thereof, if any, paid through the date of such list; (b) copies of each contract and subcontract identified in such list, including any changes thereto; (c) a cost breakdown of the projected total cost of constructing the Improvements, and that portion, if any, of each cost item which has been incurred; and (d) a construction progress schedule detailing the progress of construction and the projected sequencing and completion time for uncompleted work, all as of the date of such schedule. Borrower agrees that Administrative Agent may disapprove any contractor, subcontractor or material supplier if a material and reasonable basis exists to deem such contractor, subcontractor or material supplier financially or otherwise unqualified; provided, however, that the absence of any such disapproval shall not constitute a warranty or representation of qualification by Administrative Agent or any Lender. Administrative Agent or any Lender may contact any such contractor, subcontractor or material supplier to discuss the course of construction.

CONTRACTOR/CONSTRUCTION INFORMATION. Within ten (10) Business Days days of Administrative AgentLender’s written request, Borrower shall deliver to Administrative Agent Lender from time to time in a form reasonably acceptable to Administrative AgentLender: (ai) a list detailing the name, address and phone number of each contractor, subcontractor and material supplier to be or which has been employed or used for construction of the Houses and A&D Improvements which constitute Collateral, together with the dollar amount, including changes, if any, of each contract and subcontract, and the portion thereof, if any, paid through the date of such list; (bii) copies of each contract and subcontract identified in such list, including any changes thereto; (ciii) a cost breakdown of the projected total cost Total Cost of constructing the Improvementseach applicable House and A&D Improvement, and that portion, if any, of each cost item which has been incurred; and (div) a construction progress schedule detailing the progress of construction and the projected sequencing and completion time for uncompleted work, all as of the date of such schedule. Borrower agrees that Administrative Agent may Lender has the right, but shall not be obligated, to disapprove any contractor, subcontractor or material supplier if a material and reasonable basis exists to deem such contractorwhich, subcontractor or material supplier in Lender’s good faith determination, is deemed financially or otherwise unqualified; provided, however, that the absence of any such disapproval shall not constitute a warranty or representation of qualification by Administrative Agent or any Lender. Administrative Agent or any Lender may shall have the right to contact any such contractor, subcontractor or material supplier to discuss the course of construction.

CONTRACTOR/CONSTRUCTION INFORMATION. Within ten (10) Business Days days of Administrative Agent’s written request, to the extent that Borrower has the right to obtain same under the Construction Agreement, Borrower shall deliver to Administrative Agent from time to time in a form reasonably acceptable to Administrative Agent: (a) a list detailing the name, address and phone number of each contractor, subcontractor and material supplier to be employed or used for construction of the Improvements together with the dollar amount, including changes, if any, of each contract and subcontract, and the portion thereof, if any, paid through the date of such list; (b) copies of each contract and subcontract identified in such list, including any changes thereto; (c) a cost breakdown of the projected total cost of constructing the Improvements, and that portion, if any, of each cost item which has been incurred; and (d) a construction progress schedule detailing the progress of construction and the projected sequencing and completion time for uncompleted work, all as of the date of such schedule. Borrower agrees that Administrative Agent may disapprove any contractor, subcontractor or material supplier if a material and reasonable basis exists to deem such contractorwhich, subcontractor or material supplier in Administrative Agent’s good faith determination, is deemed financially or otherwise unqualified; provided, however, that the absence of any such disapproval shall not constitute a warranty or representation of qualification by Administrative Agent or any Lender. Administrative Agent or any Lender may contact any such contractor, subcontractor or material supplier to discuss the course of construction.

CONTRACTOR/CONSTRUCTION INFORMATION. Within ten (10) Business Days days of Administrative Agent’s written request, Borrower shall deliver to Administrative Agent Agent, from time to time time, in a form reasonably acceptable to Administrative Agent: (a) a list detailing the name, address and phone number of each contractor, subcontractor contractor and material supplier proposed Major Subcontractor to be employed or used for construction of the Improvements Expansion together with the dollar amount, including changes, if any, of each contract and subcontract, and the portion thereof, if any, paid through the date of such list; (b) copies of each contract and subcontract identified in such list, including any changes thereto; (c) a cost breakdown of the projected total cost of constructing the ImprovementsExpansion, and that portion, if any, of each cost item which has been incurred; and (d) a construction progress schedule detailing the progress of construction and the projected sequencing and completion time for uncompleted work, all as of the date of such schedule. Borrower agrees that Administrative Agent may disapprove any contractorMajor Subcontractor (which has not been previously approved by Administrative Agent whether prior to or after closing) which, subcontractor or material supplier if a material and reasonable basis exists to deem such contractorin Administrative Agent’s good faith determination, subcontractor or material supplier is deemed financially or otherwise unqualified; provided, however, that the absence of any such disapproval shall not constitute a warranty or representation of qualification by Administrative Agent or any Lender. Administrative Agent or any Lender may contact any such contractor, subcontractor or material supplier to discuss the course of construction.