Common use of No Commencement Clause in Contracts

No Commencement. As of the date of this Agreement, no steps to commence construction on the Land, including steps to clear or otherwise prepare the Land for construction thereon or the delivery of material for use in construction of the Improvements, have been taken, nor has any contract or other agreement for construction thereon been entered into, for furnishing materials for such construction or for any other purpose, including with a Design Professional, the performance of which by the other party thereto would give rise to a lien on the Land.

Appears in 2 contracts

Samples: Construction Loan Agreement (IMH Financial Corp), Construction Loan Agreement (Owens Realty Mortgage, Inc.)

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No Commencement. As of the date of this Agreementhereof, no steps to commence construction on the LandLand have been taken, including including, without limitation, steps to clear or otherwise prepare the Land for construction thereon or the delivery of material for use in construction of the Improvements, have ; and no action has been taken, nor has taken under the Construction Contract or any other contract or other agreement for construction thereon been entered into, for furnishing materials for such construction or for any other purpose, including with a Design Professional, the performance of which by the other party thereto would could give rise to a lien on the Land.

Appears in 2 contracts

Samples: Construction Loan Agreement (Stratus Properties Inc), Construction Loan Agreement (Stratus Properties Inc)

No Commencement. As of the date of this Agreement, no steps to commence construction on the LandLand have been taken, including including, without limitation, steps to clear or otherwise prepare the Land for construction thereon or the delivery of material for use in construction of the Improvements, have been taken, nor has any ; and no contract or other agreement for construction thereon has been entered into, into for furnishing materials for such that construction or for any other purpose, including with a Design Professional, the performance of which by the other party thereto would could give rise to a lien Lien on the LandMortgaged Property.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (CNL Growth Properties, Inc.)

No Commencement. As Except as disclosed to Agent and the Title Company in writing, as of the date of this Agreement, no steps to commence construction on the Land, including steps to clear or otherwise prepare the Land for construction thereon or the delivery of material for use in construction of the Improvements, have been taken, nor has any contract or other agreement for construction thereon been entered into, for furnishing materials for such construction or for any other purpose, including with a Design Professional, the performance of which by the other party thereto would give rise to a lien on the Land.

Appears in 1 contract

Samples: Borrowing Base Loan Agreement (Wilson Holdings, Inc.)

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No Commencement. As of the date of this Agreement, no steps to commence construction on the LandLand have been taken, including including, without limitation, steps to clear or otherwise prepare the Land for construction thereon or the delivery of material for use in construction of the Improvements, have ; and no action has been taken, nor has taken under any contract or other agreement for construction thereon been entered into, for furnishing materials for such construction or for any other purpose, including with a Design Professional, the performance of which by the other party thereto would could give rise to a lien on the LandLien.

Appears in 1 contract

Samples: Construction Loan Agreement (Global Growth Trust, Inc.)

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