Common use of FCRHA Inspection Rights Clause in Contracts

FCRHA Inspection Rights. A. The FCRHA and its agents shall upon no less than forty-eighty hours prior written notice to Developer have the following rights, each of which can be exercised at any reasonable time or times: (i) the right of entry and free access to the 94 Premises and the right to inspect all work done, labor performed, and materials furnished with respect to the Site Work; (ii) the right to enter upon the 94 Premises and to conduct such commercially reasonable investigations, inspections, and tests as the FCRHA reasonably deems appropriate to ensure the continued compliance of Developer and of the Site Work with the requirements of this Agreement and with all applicable legal requirements. B. If the FCRHA or its inspectors reasonably determine that any work or materials do not conform to the Plans or the Site Work Contract (subject to modifications as permitted herein), or sound building practices or otherwise depart from any of the requirements of this Agreement, the FCRHA may require the work to be stopped and may suspend payments under any Monthly Draw Request until the matter is corrected. Developer will promptly correct the work to the FCRHA’s reasonable satisfaction. No such action by the FCRHA will affect Developer’s obligation to meet each of the Milestones.

Appears in 1 contract

Samples: Development and Loan Agreement

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FCRHA Inspection Rights. A. The FCRHA and its agents shall upon no less than forty-eighty hours prior written notice to Developer have the following rights, each of which can be exercised at any reasonable time or times: (i) the right of entry and free access to the 94 9% Premises and the right to inspect all work done, labor performed, and materials furnished with respect to the Site Work; (ii) the right to enter upon the 94 9% Premises and to conduct such commercially reasonable investigations, inspections, and tests as the FCRHA reasonably deems appropriate to ensure the continued compliance of Developer and of the Site Work with the requirements of this Agreement and with all applicable legal requirements. B. If the FCRHA or its inspectors reasonably determine that any work or materials do not conform to the Plans or the Site Work Contract (subject to modifications as permitted herein), or sound building practices or otherwise depart from any of the requirements of this Agreement, the FCRHA may require the work to be stopped and may suspend payments under any Monthly Draw Request until the matter is corrected. Developer will promptly correct the work to the FCRHA’s reasonable satisfaction. No such action by the FCRHA will affect Developer’s obligation to meet each of the Milestones.

Appears in 1 contract

Samples: Development and Loan Agreement

FCRHA Inspection Rights. A. The FCRHA and its agents shall upon no less than forty-eighty hours prior written notice to Developer have the following rights, each of which can be exercised at any reasonable time or times: (i) the right of entry and free access to the 94 47 Premises and the right to inspect all work done, labor performed, and materials furnished with respect to the Site Work; (ii) the right to enter upon the 94 47 Premises and to conduct such commercially reasonable investigations, inspections, and tests as the FCRHA reasonably deems appropriate to ensure the continued compliance of Developer and of the Site Work with the requirements of this Agreement and with all applicable legal requirements. B. If the FCRHA or its inspectors reasonably determine that any work or materials do not conform to the Plans or the Site Work Contract (subject to modifications as permitted herein), or sound building practices or otherwise depart from any of the requirements of this Agreement, the FCRHA may require the work to be stopped and may suspend payments under any Monthly Draw Request until the matter is corrected. Developer will promptly correct the work to the FCRHA’s reasonable satisfaction. No such action by the FCRHA will affect Developer’s obligation to meet each of the Milestones.

Appears in 1 contract

Samples: Development and Loan Agreement

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FCRHA Inspection Rights. A. The FCRHA and its agents shall upon no less than forty-eighty hours prior written notice to Developer have the following rights, each of which can be exercised at any reasonable time or times: (i) the right of entry and free access to the 94 Senior Premises and the right to inspect all work done, labor performed, and materials furnished with respect to the Site Work; (ii) the right to enter upon the 94 Senior Premises and to conduct such commercially reasonable investigations, inspections, and tests as the FCRHA reasonably deems appropriate to ensure the continued compliance of Developer and of the Site Work with the requirements of this Agreement and with all applicable legal requirements. B. If the FCRHA or its inspectors reasonably determine that any work or materials do not conform to the Plans or the Site Work Contract (subject to modifications as permitted herein), or sound building practices or otherwise depart from any of the requirements of this Agreement, the FCRHA may require the work to be stopped and may suspend payments under any Monthly Draw Request until the matter is corrected. Developer will promptly correct the work to the FCRHA’s reasonable satisfaction. No such action by the FCRHA will affect DeveloperXxxxxxxxx’s obligation to meet each of the Milestones.

Appears in 1 contract

Samples: Development and Loan Agreement

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