Common use of I Am Responsible for the Work Clause in Contracts

I Am Responsible for the Work. I agree that the Work must be completed according to the Renovation Contract, including the Plans, subject to Change Orders. I have full and sole responsibility to make sure that the Work complies with the Renovation Contract and all Government Regulations, and that the Work is completed no later than the Completion Deadline. I acknowledge and agree that if the Work is not completed according to the Renovation Contract (including any modification by Change Order), it will constitute an Event of Default under Section 3.1 of this Loan Agreement. Lender has no liability, obligation, or responsibility for the Work. Lender is not liable for any failure to construct, complete, protect, or insure the Work. Lender is not liable for any costs of the Work. Nothing Lender does (including inspecting the Work or disbursing any part of the Loan) will be a representation or warranty by Lender that the Work complies with the Renovation Contract, this Loan Agreement, the Permits, or any Government Regulations. If Lender asks, I will repair or replace at my expense any Work that does not comply with the Plans. I have no right to assert or claim any offset, counterclaim, or defense against Lender because of any claim I may have against Contractor or any Suppliers.

Appears in 5 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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I Am Responsible for the Work. I agree that the Work must be completed according to the Renovation Contract, including the Plans, subject to Change Orders. I have full and sole responsibility to make sure that the Work complies with the Renovation Contract and all Government Regulations, and that the Work is completed no later than the Completion Deadline. I acknowledge and agree that if the Work is not completed according to the Renovation Contract (including any modification by Change Order), it will constitute an Event of Default under Section 3.1 of this Loan Agreement. Lender has no liability, obligation, or responsibility for the Work. Lender is not liable for any failure to construct, complete, protect, or insure the Work. Lender is not liable for any costs of the Work. Nothing Lender does (including inspecting the Work or disbursing any part of the Loan) will be a representation or warranty by Lender that the Work complies with the Renovation Contract, this Loan Agreement, the Permits, or any Government Regulations. If Lender Xxxxxx asks, I will repair or replace at my expense any Work that does not comply with the Plans. I have no right to assert or claim any offset, counterclaim, or defense against Lender because of any claim I may have against Contractor or any Suppliers.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

I Am Responsible for the Work. I agree that the Work must be completed according to the Renovation Construction Contract, including the Plans, subject to Change Orders. I have full and sole responsibility to make sure that the Work complies with the Renovation Construction Contract and all Government Regulations, and that the Work is completed no later than the Completion Deadline. I acknowledge and agree that if the Work is not completed according to the Renovation Construction Contract (including any modification by Change Order), it will constitute an Event of Default under Section 3.1 of this Loan Agreement. Lender has no liability, obligation, or responsibility for the Work. Lender is not liable for any failure to construct, complete, protect, or insure the Work. Lender is not liable for any costs of the Work. Nothing Lender does (including inspecting the Work or disbursing any part of the Loan) will be a representation or warranty by Lender that the Work complies with the Renovation Construction Contract, this Loan Agreement, the Permits, or any Government Regulations. If Lender Xxxxxx asks, I will repair or replace at my expense any Work that does not comply with the Plans. I have no right to assert or claim any offset, counterclaim, or defense against Lender because of any claim I may have against Contractor or any Suppliers.

Appears in 4 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement, Construction Loan Agreement

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I Am Responsible for the Work. I agree that the Work must be completed according to the Renovation Construction Contract, including the Plans, subject to Change Orders. I have full and sole responsibility to make sure that the Work complies with the Renovation Construction Contract and all Government Regulations, and that the Work is completed no later than the Completion Deadline. I acknowledge and agree that if the Work is not completed according to the Renovation Construction Contract (including any modification by Change Order), it will constitute an Event of Default under Section 3.1 of this Loan Agreement. Lender has no liability, obligation, or responsibility for the Work. Lender is not liable for any failure to construct, complete, protect, or insure the Work. Lender is not liable for any costs of the Work. Nothing Lender does (including inspecting the Work or disbursing any part of the Loan) will be a representation or warranty by Lender that the Work complies with the Renovation Construction Contract, this Loan Agreement, the Permits, or any Government Regulations. If Lender asks, I will repair or replace at my expense any Work that does not comply with the Plans. I have no right to assert or claim any offset, counterclaim, or defense against Lender because of any claim I may have against Contractor or any Suppliers.

Appears in 1 contract

Samples: Construction Loan Agreement

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