Obligations Regarding Construction. If any improvement (which includes construction, alteration, repair and demolition) is or is to made to the Property, you must inform us in writing immediately if it has started, or otherwise before it is started and the plans and specifications must be approved by us. You covenant with us that if you fail at any time for a period of 10 business days to diligently carry on the work of construction of any building or buildings being or to be erected on the Property, or without our consent in writing, you depart in such construction from the plans approved by us or from the generally accepted standards of construction in the locality of the Property, or you permit any construction or other lien to be registered against the Property for any period exceeding 10 days, we may at our option at any time, through our agents or contractors, enter the Property and have exclusive possession of the Property and of all materials, plant, gear and equipment on the Property, free of interference by you and complete construction of the building or buildings either according to your plans approved by us, or according to such other plans, specifications or design as we in our discretion may choose. You shall pay all costs in connection with such construction.
Appears in 5 contracts
