Common use of No Commencement Clause in Contracts

No Commencement. As of the date hereof, no steps to commence construction on the Land have been taken, including, without limitation, steps to clear or otherwise prepare the Land for construction or the delivery of material for use in construction of the Improvements; and no action has been taken under the Construction Contract or any other contract or other agreement for construction which 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)

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No Commencement. As of the date hereofof this Agreement, no steps to commence construction on the Land have been takenLand, including, without limitation, including steps to clear or otherwise prepare the Land for construction thereon or the delivery of material for use in construction of the Improvements; and no action , have been taken, nor has been 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 could 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.)

No Commencement. As of the date hereofof this Agreement, no steps to commence construction on the Land have been taken, including, without limitation, steps to clear or otherwise prepare the Land for construction or the delivery of material for use in construction of the Improvements; and no action has been taken under the Construction Contract or any other contract or other agreement for construction has been entered into for furnishing materials for that construction or for any other purpose, the performance of which by the other party thereto 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 hereofof this Agreement, no steps to commence construction on the Land have been takenLand, including, without limitation, including steps to clear or otherwise prepare the Land for construction thereon or the delivery of material for use in construction of the Improvements; and no action , have been taken, nor has been 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, the performance of which could 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 hereofof this Agreement, no steps to commence construction on the Land have been taken, including, without limitation, steps to clear or otherwise prepare the Land for construction or the delivery of material for use in construction of the Improvements; and no action has been taken under the Construction Contract or any other contract or other agreement for construction which 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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