No Damage. The Improvements shall not have been injured or damaged by fire, explosion, accident, flood or other casualty, unless Lender shall have received insurance proceeds sufficient in the reasonable judgment of Lender to effect the satisfactory restoration of the Improvements and to permit the Completion of the Improvements prior to the Required Completion Date.
Appears in 9 contracts
Samples: Project Loan Agreement, Project Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust)
No Damage. The Improvements shall not have been injured or damaged by fire, explosion, accident, flood flood, windstorm or other casualty, unless Lender the Lenders shall have received insurance proceeds and/or cash deposits from Borrower sufficient in the reasonable judgment of Lender Agent to effect the satisfactory restoration of the Improvements and to permit the Completion of the Improvements completion thereof on or prior to the Required applicable Completion DateDate and all Requirements with respect thereto have been satisfied.
Appears in 2 contracts
Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc), Revolving Credit Construction Loan Agreement (Wci Communities Inc)
No Damage. The Improvements shall not have been injured or damaged by fire, explosion, accident, flood or other casualty, unless Lender shall have received there are insurance proceeds sufficient in the reasonable judgment of Lender to effect the satisfactory restoration of the Improvements and to permit the Completion of the Improvements prior to the Required Completion Date.
Appears in 2 contracts
Samples: Second Mezzanine Loan Agreement, Second Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)
No Damage. The Improvements shall not have been injured or damaged by fire, explosion, accident, flood or other casualty, unless the Lender shall have received insurance proceeds sufficient in the reasonable judgment of Lender to effect the satisfactory restoration of the Improvements and to permit the Completion of the Improvements completion thereof on or prior to the Required Completion Date.
Appears in 1 contract
Samples: Loan Agreement (Ebs Building LLC)
No Damage. The Improvements shall not have been injured or damaged --------- by fire, explosion, accident, flood or other casualty, unless the Lender shall have received insurance proceeds sufficient in the reasonable judgment of Lender to effect the satisfactory restoration of the Improvements and to permit the Completion of the Improvements completion thereof on or prior to the Required Completion Date.
Appears in 1 contract
Samples: Loan Agreement (Jameson Inns Inc)
No Damage. The Improvements shall not have been injured or damaged by fire, explosion, accident, flood or other casualty, unless Lender shall have received insurance proceeds or other monies sufficient in the reasonable judgment of Lender to effect the satisfactory restoration of the Improvements and to permit the Completion of the Improvements prior to the Required Completion Date.
Appears in 1 contract
Samples: Building Loan Agreement (ACRES Commercial Realty Corp.)
No Damage. The Improvements shall not have been injured or damaged by fire, explosion, accident, flood or other casualty, unless the Lender shall have received insurance proceeds sufficient in the reasonable judgment of the Lender to effect the satisfactory restoration of the Improvements and to permit the Completion of the Improvements completion thereof on or prior to the Required Completion Date.
Appears in 1 contract
Samples: Construction Loan Agreement (American Skiing Co /Me)
No Damage. The Improvements shall not have been injured or damaged by fire, explosion, accident, accident flood or other casualty, unless Lender shall have received insurance proceeds sufficient in the reasonable judgment of Lender to effect the satisfactory restoration of the Improvements and to permit the Completion of the Improvements completion thereof prior to the Required Completion Date.
Appears in 1 contract
Samples: Building Loan Agreement (Essex Hospitality Associates Iv Lp)
No Damage. The No part of the Improvements shall not have been materially injured or damaged by fire, explosion, accident, flood fire or other casualty, casualty unless Lender shall have received insurance proceeds sufficient in the reasonable its judgment of Lender to effect the satisfactory restoration of the Improvements thereof and to permit the Completion of the Improvements completion prior to the Required Completion applicable Construction Project Maturity Date.
Appears in 1 contract
Samples: Master Construction Loan Agreement (Sonic Automotive Inc)
