GENERAL PROJECT PROVISIONS. The following provisions relate to the construction and completion of the Project:
GENERAL PROJECT PROVISIONS. The following provisions relate to the construction and completion of the Project. CHANGE ORDERS. All requests for changes in the Plans and Specifications, other than minor changes involving no extra cost, must be in writing signed by Borrower and the architect, and delivered to Lender for it's approval. Borrower will not permit the performance of any work pursuant to any change order or modification of the Construction Contract or any subcontract without the written approval of Lender. Borrower will obtain any required permits or authorizations from governmental authorities having jurisdiction before approving or requesting a new change order. PURCHASE OF MATERIALS; CONDITIONAL SALES CONTRACTS. No materials, equipment, fixtures, or articles of personal property placed in or incorporated into the Project shall be purchased or installed under any Security Agreement or other agreement whereby the seller reserves or purports to reserve title or the right of removal or repossession, or the right to consider such items as personal property after their incorporation into the Project, unless otherwise authorized by Lender in writing.
GENERAL PROJECT PROVISIONS. The following provisions relate to the construction and completion of the Project: Change Orders. All requests for changes in the Plans and Specifications involving total extra costs in excess of one percent (1%) of total Project costs must be in writing, signed by Borrower and the architect, and delivered to Lender for its approval. Borrower will not permit the performance of any work pursuant to any change order or modification of the Construction Contract or any subcontract without the written approval of Lender. Borrower will obtain any required permits or authorizations from governmental authorities having jurisdiction before approving or requesting a new change order.
GENERAL PROJECT PROVISIONS. Borrower covenants and agrees with Lender that while this Agreement is in effect, Borrower shall comply with the following provisions relating to the construction and completion of the Project:
GENERAL PROJECT PROVISIONS. The following provisions relate to the construction and completion of the Project: Xxxxxx's Right of Entry and Inspection. Lender and its agents shall have at all times upon reasonable advance notice the right of entry and free access to the Property and the right to inspect all work done, labor performed, and materials furnished with respect to the Project. Lender shall have unrestricted access to and the right to copy all records, accounting books, contracts, subcontracts, bills, statements, vouchers, and supporting documents of Borrower relating in any way to the Project.
GENERAL PROJECT PROVISIONS. The following provisions relate to the construction and completion of the Project: Change Orders: All requests for changes in the Plans and Specifications, other than minor changes involving no extra cost, must be in writing, signed by Xxxxxxxx and the architect, and delivered to Lender for its approval. Borrower will not permit the performance of any work pursuant to any change order or modification of the Construction Contract or any subcontract without the written approval of Lender. Borrower will obtain any required permits or authorizations from governmental authorities having jurisdiction before approving or requesting a new change order. Purchase of Materials; Conditional Sales Contracts: No materials, equipment, fixtures, or articles of personal property placed in or incorporated into the Project shall be purchased or installed under any Security Agreement or other agreement whereby the seller reserves or purports to reserve title or the right of removal or repossession, or the right to consider such items as personal property after their incorporation into the Project, unless otherwise authorized by Lender in writing. Xxxxxx's Right of Entry and Inspection: Lender and its agents shall have at all times the right of entry and free access to the Property and the right to inspect all work done, labor performed, and materials furnished with respect to the Project. Lender shall have unrestricted access to and the right to copy all records, accounting books, contracts, subcontracts, bills, statements, vouchers, and supporting documents of Borrower relating in any way to the Project. Xxxxxx's Right to Stop Work: If Lender in good faith determines that any work or materials do not conform to the approved Plans and Specifications or sound building practices, or otherwise depart from any of the requirements of this Agreement, Lender may require the work to be stopped and withhold disbursements until the matter is corrected. In such event, Xxxxxxxx will promptly correct the work to Xxxxxx's satisfaction. No such action by Lender will affect Xxxxxxxx's obligation to complete the Improvements on or before the Completion Date. Xxxxxx is under no duty to supervise or inspect the construction or examine any books and records. Any inspection or examination by Xxxxxx is for the sole purpose of protecting Xxxxxx's security and preserving Lender's rights under this Agreement. No default of Borrower will be waived by any inspection by Xxxxxx. In no event will any insp...
