Common use of Correction of Defects and Satisfaction of Conditions Clause in Contracts

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.