No Commitment to Increase Loan. From time to time, Bank may approve changes to the Plans and Specifications at Borrower’s request, and may also require Borrower to make corrections to the work of construction (as may be reasonably required to bring the construction into conformance with the Plans and Specifications), all on and subject to the terms and conditions of this Agreement. Borrower acknowledges that no such action or other action by Bank shall in any manner commit or obligate Bank to increase the amount of the Loan.
Appears in 2 contracts
Samples: Construction Loan Agreement (Summit Hotel OP, LP), Construction Loan Agreement (Summit Hotel Properties LLC)
No Commitment to Increase Loan. From time to time, Bank may approve changes to the Plans and Specifications at Borrower’s 's request, and may also require Borrower to make corrections to the work of construction (as may be reasonably required to bring the construction into conformance with the Plans and Specifications)construction, all on and subject to the terms and conditions of this Agreement. Borrower acknowledges that no such action or other action by Bank shall in any manner commit or obligate Bank to increase the amount of the Loan.
Appears in 1 contract
No Commitment to Increase Loan. From time to time, Bank may approve changes to the Plans and Specifications at Borrower’s 's request, and may also require Borrower to make corrections to the work of construction (as may be reasonably required to bring the construction into conformance with the Plans and Specifications)construction, all on and subject to the terms and conditions of this Master Agreement. Borrower acknowledges that no such action or other action by Bank shall in any manner commit or obligate Bank to increase the amount of the LoanLoan or any Allocation.
Appears in 1 contract
Samples: Master Revolving Line of Credit Construction Loan Agreement (Zenith National Insurance Corp)
