Disbursements for Materials Stored On-Site Sample Clauses

Disbursements for Materials Stored On-Site. Any requests for disbursements which in whole or in part relate to materials, equipment or furnishings which Borrower owns and which are not incorporated into the Improvements as of the date of the request for disbursement, but are to be temporarily stored at the Project, shall be made in an aggregate amount not to exceed $10,000,000. Any such request must be accompanied by evidence satisfactory to Agent that (i) such stored materials are included within the coverages of insurance policies carried by Borrower, (ii) the ownership of such materials is vested in Borrower free of any liens and claims of third parties, (iii) such materials are properly insured and protected against theft or damage, (iv) the materials used in the Construction are not commodity items but are uniquely fabricated for the Construction, (v) the Lender’s Consultant has viewed and inspected the stored materials, and (vi) in the opinion of the Lender’s Consultant the stored materials are physically secured and can be incorporated into the Project within forty five (45) days. Agent may require separate Uniform Commercial Code financing statements to cover any such stored materials.
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Disbursements for Materials Stored On-Site. Any requests for disbursements which in whole or in part relate to materials, equipment or furnishings which Borrower owns and which are not incorporated into the Improvements as of the date of the request for disbursement, but are to be temporarily stored at the Subject Property, shall be made in an aggregate amount not to exceed the amounts set forth in the Budget. Any such request must be accompanied by evidence satisfactory to Administrative Agent that (i) such stored materials are included within the coverages of insurance policies carried by Borrower, (ii) the ownership of such materials is vested in Borrower free of any liens and claims of third parties, (iii) such materials are properly insured and protected against theft or damage, (iv) the materials used in the Construction are not commodity items but are uniquely fabricated for the Construction, (v) if requested by the Administrative Agent, the Lenders’ Consultant has viewed and inspected the stored materials, and (vi) if so requested by Administrative Agent, in the reasonable opinion of the Lenders’ Consultant the stored materials are physically secured and can be incorporated into the Subject Property within forty five (45) days. Administrative Agent may require separate Uniform Commercial Code financing statements to cover any such stored materials.
Sample 1Sample 2
Disbursements for Materials Stored On-Site. Any requests for a Mexican Draw Disbursement or a disbursement of the Capex Loans which in whole or in part relate to materials, equipment or furnishings which a Borrower owns and which are not incorporated into the Improvements as of the date of the request for such disbursement, but are to be temporarily stored at the Mexican Project, shall be made in an aggregate amount not to exceed Two Hundred Fifty Thousand Dollars ($250,000); provided that, on the Closing Date, up to One Million Dollars ($1,000,000) of the disbursement of the Capex Loans may be used to purchase steel beams and steel erection parts that are not yet incorporated into Improvements. Any such request must be accompanied by evidence, satisfactory to Agent, that (i) such stored materials are included within the coverages of insurance policies carried by such Borrower, (ii) the ownership of such materials is vested in such Borrower free of any liens and claims of third parties, (iii) such materials are properly insured and protected against theft or damage, (iv) the materials used in the Construction are not commodity items but are uniquely fabricated for the Construction, (v) the Consultant has viewed and inspected the stored materials, and (vi) in the opinion of the Consultant the stored materials are physically secured and can be incorporated into the Mexican Project within forty-five (45) days.
Sample 1Sample 2
Disbursements for Materials Stored On-Site. Any requests for disbursements that in whole or in part relate to materials, equipment or furnishings that Borrower owns and that are not incorporated into the Improvements as of the date of the request for disbursement, but are to be temporarily stored at the Project, shall be made in an aggregate amount not to exceed $3,000,000 with respect to materials covered by the General Contract plus $1,000,000 for materials under owner direct contracts other than the General Contract (such amounts are subject to increase at Lender's reasonable discretion upon request of Borrower). Any such request must be accompanied by evidence satisfactory to Lender that (a) such stored materials are included within the coverages of insurance policies carried by Borrower, (b) the ownership of such materials is vested in Borrower free of any liens and claims of third parties, and Lender has a purported security interest in such stored materials; (c) such materials are properly protected against theft or damage, (d) Lender's Consultant has viewed and inspected the stored materials, and (e) in the opinion of Lender's Consultant the stored materials are physically secured and can be incorporated into the Project within forty-five (45) days.
Sample 1
Disbursements for Materials Stored On-Site. Any requests for Disbursements which in whole or in part relate to materials, equipment or furnishings which Borrower owns and which are not incorporated into the Marriott Improvements as of the date of the request for Disbursement, but are to be temporarily stored at the Construction Project, shall be made to the extent the request relates to such stored materials so long as the request is accompanied by (i) an inventory listing of stored materials, equipment and furnishings, (ii) evidence that such stored materials are included within the coverages of insurance policies carried by Borrower or evidence of other insurance which has been approved by the Administrative Agent, (iii) evidence satisfactory to the Administrative Agent that the ownership of such materials is invested in Borrower free of any liens, claims, encumbrances of third parties,
Sample 1
Disbursements for Materials Stored On-Site. Any requests for disbursements under a Condominium Building Allocation or the Garage/Amenity Allocation which in whole or in part relate to materials or equipment which Borrower owns and which are not incorporated into the applicable Condominium Building or garages and amenities as of the date of the request for disbursement, but are to be temporarily stored at the Project, shall be made in Lender’s reasonable discretion. Any such request must be accompanied by evidence satisfactory to Lender that (i) such stored materials have been identified for incorporation in the applicable Condominium Building or garages and amenities, (ii) such stored materials are included within the coverages of insurance policies carried by Borrower, (iii) the ownership of such materials is vested in Borrower free of any liens and claims of third parties, (iv) such materials are properly insured and protected against theft or damage, (v) the materials used in the construction are not commodity items but are uniquely fabricated for the Construction, (vi) the Lender’s Consultant has viewed and inspected the stored materials, and (vii) in the opinion of the Lender’s Consultant the stored materials are physically secured and can be incorporated into the applicable Condominium Building within forty five (45) days. Lender may require separate Uniform Commercial Code financing statements to cover any such stored materials.
Sample 1
Disbursements for Materials Stored On-Site. Any requests for disbursements which in whole or in part relate to materials, equipment or furnishings which Borrower owns and which are not incorporated into the Improvements as of the date of the request for disbursement, but are to be temporarily stored at the Project, shall be accompanied by evidence satisfactory to Lender that (i) such stored materials are included within the coverages of insurance policies carried by Borrower, (ii) the ownership of such materials is vested in Borrower free of any liens and claims of third parties, (iii) such materials are properly insured and protected against theft or damage, (iv) the materials used in the Construction are not commodity items but are uniquely fabricated for the Construction, (v) the Lender's Consultant has viewed and inspected the stored materials, and (vi) in the opinion of the Lender's Consultant the stored materials are physically secured and can be incorporated into the Project within forty five (45) days. Lender may require separate Uniform Commercial Code financing statements to cover any such stored materials.
Sample 1
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Disbursements for Materials Stored On-Site. Any requests for disbursements which in whole or in part relate to materials, equipment or furnishings which Borrower owns and which are not incorporated into the Improvements as of the date of the request for disbursement, but are to be temporarily stored at the Project, shall be made in an aggregate amount not to exceed One Million and No/100th Dollars ($1,000,000.00). Any such request must be accompanied by evidence satisfactory to Lender that (a) such stored materials are included within the coverages of insurance policies carried by Borrower, (b) the ownership of such materials is vested in Borrower free of any liens and claims of third parties, (c) such materials are properly insured and protected against theft or damage, (d) the Lender’s Consultant has viewed and inspected the stored materials, and (e) in the reasonable opinion of the Lender’s Consultant the stored materials are physically secured and can be incorporated into the Project within ninety (90) days. Lender may require separate Uniform Commercial Code financing statements to cover any such stored materials.
Sample 1

Related to Disbursements for Materials Stored On-Site

  • Periodic Review of Costs of Environmental Compliance In the ordinary course of its business, the Company conducts a periodic review of the effect of Environmental Laws on the business, operations and properties of the Company and its subsidiaries, in the course of which it identifies and evaluates associated costs and liabilities (including, without limitation, any capital or operating expenditures required for clean-up, closure of properties or compliance with Environmental Laws or any permit, license or approval, any related constraints on operating activities and any potential liabilities to third parties). On the basis of such review and the amount of its established reserves, the Company has reasonably concluded that such associated costs and liabilities would not, individually or in the aggregate, result in a Material Adverse Change.

  • Complete Copies of Materials The Company has delivered or made available true and complete copies of each document (or summaries of same) that has been requested by Parent or its counsel.

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

  • Maintaining Records; Access to Properties and Inspections; Maintenance of Ratings (a) Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all requirements of law are made of all dealings and transactions in relation to its business and activities. Each Loan Party will, and will cause each of its subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender to visit and inspect the financial records and the properties of such Person at reasonable times and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances and condition of such Person with the officers thereof and independent accountants therefor.

  • Review of Materials During the term of this Agreement, Client shall ensure that all prospectuses, statements of additional information, registration statements, proxy statements, reports to shareholders, advertising and sales literature or other materials prepared for distribution to Fund shareholders or the public, which refer to the Subadviser in any way, prepared by employees or agents of Client or its affiliates are consistent with information previously provided by Subadviser. Subadviser shall promptly notify the Client of any changes to information pertaining to the Subadviser and stated in the materials described in this Section 6(g).

  • Supply of Materials The following materials will be supplied by the department Name of Materials Rate. Place of delivery 1.

  • Testing-the-Waters Materials If at any time following the distribution of any Written Testing-the-Waters Communication there occurred or occurs an event or development as a result of which such Written Testing-the-Waters Communication included or would include an untrue statement of a material fact or omitted or would omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at that subsequent time, not misleading, the Company will promptly notify the Representatives and will promptly amend or supplement, at its own expense, such Written Testing-the-Waters Communication to eliminate or correct such untrue statement or omission.

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