Common use of Lender’s Request Clause in Contracts

Lender’s Request. If Lender shall reasonably determine at any time or from time to time, that a Capital Replacement is necessary for the proper maintenance of the Property, 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 written notice. Borrower shall perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement shall include (A) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid and (B) lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement, if required by Lender.

Lender’s Request. If Lender shall reasonably determine at any time or from time to time, that a Capital Replacement is necessary for the proper maintenance of the Property, it shall so notify BorrowerMortgagor, in writing, requesting that Borrower Mortgagor obtain and submit to Lender bids for all labor and materials required in connection with such Capital Replacement. Borrower Mortgagor shall submit such bids and a time schedule for completing each Capital Replacement to Lender within thirty sixty (3060) days after BorrowerMortgagor’s receipt of Lender’s written notice. Borrower Mortgagor shall perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. BorrowerMortgagor’s request for reimbursement shall include (A) a detailed description of the Capital Replacement performed, together with evidence, reasonably satisfactory to Lender, that the cost of such Capital Replacement has been paid and (B) lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement, if required by LenderLender in writing.

Lender’s Request. If Lender shall reasonably determine determine, at any time or and from time to time, that a Capital Replacement is necessary for the proper maintenance of the Property, 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 written notice. Borrower shall perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement shall include (A) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid paid, and (B) lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement, if required by Lender.