Common use of Lender’s Request Clause in Contracts

Lender’s Request. If Lender shall determine, at any time or from time to time, that Capital Replacements are necessary or desirable, it shall so notify Borrower, in writing, requesting that Borrower obtain and submit to Lender bids for all labor and materials required in connection with such Capital Replacement. Borrower shall submit such bids and a time schedule for completing each Capital Replacement to Lender within thirty (30) days after Borrower's receipt of Lender's notice.

Appears in 2 contracts

Samples: Replacement Reserve Agreement (Fox Strategic Housing Income Partners), Replacement Reserve Agreement (Fox Strategic Housing Income Partners)

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Lender’s Request. If Lender shall determine, at any time or from time to time, that Capital Replacements are necessary or desirable, it shall so notify Borrower, in writing, requesting that Borrower obtain and submit to Lender bids for all labor and materials required in connection with such Capital Replacement. Borrower shall submit such bids and a time schedule for completing each Capital Replacement to Lender within thirty (30) days after BorrowerXxxxxxxx's receipt of LenderXxxxxx's notice.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Lender’s Request. If Lender shall determine, at any time time, or from time to time, that Capital Replacements are necessary or desirable, it shall so notify Borrower, in writing, requesting that Borrower obtain and submit to Lender bids for all labor and materials required in connection with such Capital Replacement. Borrower shall submit such bids and at a time schedule for completing each Capital Replacement to Lender within thirty (30) days after Borrower's Xxxxxxxx’s receipt of Lender's Xxxxxx’s notice.

Appears in 1 contract

Samples: Replacement Reserve Agreement

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