Common use of No Commencement of Work Clause in Contracts

No Commencement of Work. Prior to recordation of the Mortgage, no work of any kind incident to the Development (other than design and engineering work) shall have commenced, no equipment or material shall have been delivered to or stored upon the Mortgaged Property for any purpose whatsoever, and no contracts (or memorandum or affidavit thereof) for the supplying of labor or materials for the Development nor affidavit of commencement of construction shall have been recorded in the real property records of the county in which the Mortgaged Property is located.

Appears in 4 contracts

Samples: Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.)

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No Commencement of Work. Prior to recordation of the Mortgage, no work of any kind incident to the Development (other than design and engineering work) shall have commenced, no equipment or material shall have been delivered to or stored upon the Mortgaged Property for any purpose whatsoever, and no contracts (or memorandum or affidavit thereof) for the supplying of labor or materials for the Development nor affidavit of commencement of construction shall have been recorded in the real property records of the county in which the Mortgaged Property is located.

Appears in 2 contracts

Samples: Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.)

No Commencement of Work. Prior to recordation of the Mortgage, no work of any kind incident to the Development (other than design and engineering work) Mortgaged Property shall have commenced, no equipment or material shall have been delivered to or stored upon the Mortgaged Property for any purpose whatsoever, and no contracts (or memorandum or affidavit thereof) for the supplying of labor or materials for the Development Mortgaged Property nor affidavit of commencement of construction shall have been recorded in the real property records of the county in which the Mortgaged Property is located.

Appears in 1 contract

Samples: Loan Agreement (Amrep Corp.)

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No Commencement of Work. Prior to recordation of the Mortgage, no work of any kind incident to the Development (other than design and engineering work) Project shall have commenced, no equipment or material shall have been delivered to or stored upon the Mortgaged Property for any purpose whatsoever, and no contracts (or memorandum or affidavit thereof) for the supplying of labor or materials for the Development Project nor affidavit of commencement of construction shall have been recorded in the real property records of the county in which the Mortgaged Property is located.

Appears in 1 contract

Samples: Loan Agreement (Amrep Corp.)

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