Common use of No Defects Clause in Contracts

No Defects. To the best of Borrower’s knowledge, there are no defects in the design or construction of the Building which would have a material adverse affect on its value, safety or intended use.

Appears in 2 contracts

Samples: Construction Loan Agreement (Campus Crest Communities, Inc.), Construction Loan Agreement (Campus Crest Communities, Inc.)

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No Defects. To the best of Borrower’s knowledge, there are no defects in the design or construction of the Building Property which would have a material adverse affect on its value, safety or intended useMaterial Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Universal Technical Institute Inc), Credit Agreement (Universal Technical Institute Inc)

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No Defects. To the best of Borrower’s knowledge, there are no defects in the design or construction of the Building which would have a material adverse affect on its value, safety or intended use.. 6.20

Appears in 1 contract

Samples: Construction Loan Agreement

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