Correction of Defects and Satisfaction of Conditions. Borrower will, upon demand of LHC, correct any structural defect in the Project, or perform any condition to LHC’s obligations hereunder not satisfied or no longer satisfied. Funding the Loan shall not constitute a waiver of LHC’s right to require substantial compliance with this covenant with respect to any such defects not theretofore discovered by, or called to the attention of LHC, or with respect to Borrower’s failure to satisfy or continue to satisfy any condition under this Agreement, whether or not LHC required performance thereof.

Correction of Defects and Satisfaction of Conditions. Borrower will, upon demand of OCD, correct any structural defect in the Project, or perform any condition to OCD’s obligations hereunder not satisfied or no longer satisfied. Funding the Gap Financing Loan shall not constitute a waiver of OCD’s right to require substantial compliance with this covenant with respect to any such defects not theretofore discovered by, or called to the attention of OCD, or with respect to Borrower’s failure to satisfy or continue to satisfy any condition under this Agreement, whether or not OCD required performance thereof.

Correction of Defects and Satisfaction of Conditions. Borrower will, upon demand of Grantee, correct any structural defect in the Project, or perform any condition to Xxxxxxx’s obligations hereunder not satisfied or no longer satisfied. Funding the Gap Financing Loan shall not constitute a waiver of Grantee’s right to require substantial compliance with this covenant with respect to any such defects not theretofore discovered by, or called to the attention of Grantee, or with respect to Borrower’s failure to satisfy or continue to satisfy any condition under this Agreement, whether or not Grantee required performance thereof.

Correction of Defects and Satisfaction of Conditions. Borrower will, or will use commercially reasonable efforts to cause Tenant to, upon the demand of Lender, correct each material defect in the Improvements, each structural defect in an Improvement, and each material departure from the Improvement Plans not approved by Lender or otherwise permitted by this Agreement, and perform each condition precedent to Lender’s obligations under this Agreement which is not satisfied or is no longer satisfied, if any. The advance of any Loan proceeds shall not constitute a waiver of Lender’s right to require compliance with this Section with respect to every such defect or departure from the Improvement Plans not actually known to Lender before any such advance, or with respect to Borrower’s failure to satisfy or to continue to satisfy each condition under this Agreement, whether or not Lender previously required satisfaction of such condition.

Correction of Defects and Satisfaction of Conditions. Borrower will, upon demand of Administrative Agent or Inspector, correct any structural defect in the Improvements or any departure from the Final Plans not approved by Administrative Agent, except that any changes in the Final Plans that do not affect the aesthetics or diminish the value of the Premises and are in an aggregate amount of less than Seventy-Five Thousand and No/100 Dollars ($75,000.00), and any such individual change in the Final Plans in an amount not exceeding Twenty Thousand and No/100 Dollars ($20,000.00), shall not require Administrative Agent’s prior written approval, or perform any Condition to Administrative Agent’s Obligations hereunder not satisfied or no longer satisfied. The Advance of any Loan proceeds shall not constitute a waiver of Administrative Agent’s right to require compliance with this covenant with respect to any such defects or departures from the Final Plans not theretofore discovered by, or called to the attention of Administrative Agent and the Inspector, or with respect to Borrower’s failure to satisfy or continue to satisfy any condition under this Agreement, whether or not Administrative Agent required performance thereof.

Correction of Defects and Satisfaction of Conditions. Borrower will, upon demand of Lender or Inspector, correct any structural defect in the Improvements or any departure from the Final Plans not approved by Lender, or perform any condition to Lender's obligations hereunder not satisfied or no longer satisfied. The Advance of any Loan Proceeds shall not constitute a waiver of Lender's right to require compliance with this covenant with respect to any such defects or departures from the Final Plans nor theretofore discovered by, or called to the attention of Lender and the Inspector, or with respect to Borrower's failure to satisfy or continue to satisfy any condition under this Agreement, whether or not Lender required performance thereof.

Related to Correction of Defects and Satisfaction of Conditions

Satisfaction of Conditions The conditions precedent set out in Section 6.1, Section 6.2 and Section 6.3 shall be conclusively deemed to have been satisfied, waived or released at the Effective Time.
Failure to Satisfy Conditions Precedent If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.
Frustration of Closing Conditions None of the Company, Parent or Merger Sub may rely on the failure of any condition set forth in Section 6.1, Section 6.2 or Section 6.3, as the case may be, to be satisfied if such failure was caused by such party’s failure to use its reasonable best efforts to consummate the Merger and the other Transactions or due to the failure of such party to perform any of its other obligations under this Agreement.

Correction of Defects and Satisfaction of Conditions Sample Clauses