Common use of Notice of Nonpayment Clause in Contracts

Notice of Nonpayment. The Borrower will immedi­ately notify the Lender in writing if the Borrower receives any notice, whether oral or written, from any laborer, subcontractor or materialman to the effect that such laborer, subcontractor or materialman has not been paid when due for any labor or materials furnished in connection with the construction of the Improvements­

Appears in 2 contracts

Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

AutoNDA by SimpleDocs

Notice of Nonpayment. The Borrower will immedi­ately immediately notify the Lender in writing if the Borrower receives any notice, whether oral or written, from any laborer, subcontractor or materialman to the effect that such laborer, subcontractor or materialman has not been paid when due for any labor or materials furnished in connection with the construction of the Improvements­Improvements

Appears in 2 contracts

Samples: Loan and Security Agreement (Griffin Industrial Realty, Inc.), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

Notice of Nonpayment. The Borrower will immedi­ately immediately notify the Lender Agent in writing if the Borrower receives any notice, whether oral or written, from any laborer, subcontractor subcontractor, materialman or materialman supplier to the effect that such laborer, subcontractor subcontractor, materialman or materialman supplier has not been paid when due for any labor labor, equipment or materials furnished in connection with the construction of the Improvements­Improvements.

Appears in 2 contracts

Samples: Construction Loan Agreement (Walden Residential Properties Inc), Construction Loan Agreement (Walden Residential Properties Inc)

Notice of Nonpayment. The Borrower will immedi­ately promptly notify the Lender Agent in writing if the Borrower receives any notice, whether oral or written, written notice from any major laborer, subcontractor or materialman to the effect that such laborer, subcontractor or materialman has not been paid when due any material sum for any labor or materials furnished in connection with the construction of the Improvements­Improvements.

Appears in 2 contracts

Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc), Revolving Credit Construction Loan Agreement (Wci Communities Inc)

AutoNDA by SimpleDocs

Notice of Nonpayment. The Each of Borrower and Guarantor will immedi­ately promptly notify the Lender Agent in writing if the Borrower or Guarantor receives any notice, whether oral or written, written notice from any major laborer, subcontractor or materialman to the effect that such laborer, subcontractor or materialman has not been paid when due any material sum for any labor or materials furnished in connection with the construction of the Improvements­Improvements.

Appears in 1 contract

Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc)

Notice of Nonpayment. The Borrower will immedi­ately immediately notify the Lender in writing if the Borrower receives any notice, whether oral or written, from any laborer, subcontractor or materialman to the effect that such laborer, subcontractor or materialman has not been paid when due for any labor or materials furnished in connection with the construction construction, renovation, repair or replacement of any Improvements located on, or any other work performed at, the Improvements­Real Property.

Appears in 1 contract

Samples: Loan Agreement (Wsi Industries, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!