Correction of Defects. Within five (5) days after Borrower acquires knowledge of or receives notice of a defect in the Improvements or any departure from the Plans and Specifications, or any other requirement of this Agreement, Borrower will proceed with diligence to correct all such defects and departures.
Appears in 3 contracts
Samples: Construction Loan Agreement (Maui Land & Pineapple Co Inc), Construction Loan Agreement (Maui Land & Pineapple Co Inc), Loan Agreement (Emeritus Corp\wa\)
Correction of Defects. Within five (5) days after a Borrower acquires knowledge of or receives notice of a defect in the Improvements or any material departure from the Plans and Specifications, or any other requirement of this Agreement, such Borrower will proceed with diligence to correct all such defects and departures.
Appears in 2 contracts
Samples: Credit Agreement (Core Molding Technologies Inc), Credit Agreement (Core Molding Technologies Inc)
Correction of Defects. Within five (5) business days after Borrower acquires knowledge of or receives notice of a defect in the Improvements or any departure from the Plans and Specifications, or any other requirement of this Agreement, Borrower will proceed with diligence to correct all such defects and departures.
Appears in 2 contracts
Samples: Construction Loan Agreement, Construction Loan Agreement (Dupont Fabros Technology, Inc.)
Correction of Defects. Within five (5) days after Borrower acquires knowledge of or receives notice of a material defect in the Improvements or any material departure from the Approved Plans and Specifications, or any other requirement of this Agreement, Borrower will shall notify Lender in writing and proceed with diligence to correct all such defects and departures.
Appears in 2 contracts
Samples: Loan Agreement (Stratus Properties Inc), Construction Loan Agreement (Stratus Properties Inc)
Correction of Defects. Within five (5) days after the Borrower acquires knowledge of or receives notice of a defect in the Improvements or any departure from the Plans and Specifications, or any other requirement of this Agreement, the Borrower will proceed with diligence commence to correct all such defects and departures.
Appears in 2 contracts
Samples: Construction Loan Agreement (Corporate Office Properties Trust), Construction Loan Agreement (Corporate Office Properties Trust)
Correction of Defects. Within five (5) days after Borrower acquires knowledge of or receives notice from Lender or Lender’s consultant of a defect in the Improvements Improvements, including any Condominium Building, garage or amenity, or any departure from the Plans and Specifications, or any other requirement of this Agreement, Borrower will proceed with diligence to correct all such defects and departures.
Appears in 1 contract
Samples: Construction Loan Agreement (Wellsford Real Properties Inc)
Correction of Defects. Within five (5) days after Borrower acquires knowledge of or receives notice from Lender or Lender’s Consultant of a defect in the Improvements or any departure from the Plans and Specifications, or any other requirement of this Agreement, Borrower will proceed with diligence to correct all such defects and departures.
Appears in 1 contract
Samples: Development Loan Agreement (Wellsford Real Properties Inc)
Correction of Defects. Within five (5) days after Borrower acquires knowledge of or receives notice of a material defect in the Improvements or any material departure from the Approved Plans and Specifications, or any other requirement of this Agreement, Borrower will shall proceed with diligence to correct all such defects and departures.
Appears in 1 contract
Samples: Construction Loan Agreement (Stratus Properties Inc)
Correction of Defects. Within five (5) days after Borrower acquires knowledge of or receives notice of a defect in the Improvements or any departure from the Plans and Specifications, or any other requirement of this Agreement, Borrower will commence, and thereafter proceed with diligence to correct all such defects and departures.
Appears in 1 contract
Samples: Construction Loan Agreement (Republic Property Trust)
Correction of Defects. Within five (5) days after Borrower ----------------------- acquires knowledge of or receives notice of a defect in the Improvements or any departure from the Plans and Specifications, or any other requirement of this Agreement, Borrower will proceed with diligence to correct all such defects and departures.
Appears in 1 contract
Samples: Construction Loan Agreement (American Leisure Holdings, Inc.)
Correction of Defects. Within five (5) days after Borrower acquires actual knowledge of or receives notice of a defect in the Improvements or any departure in any material respects from the Plans and Specifications, or any other requirement of this Agreement, Borrower will proceed with diligence to correct all such defects and departures.
Appears in 1 contract
Samples: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.)
