Common use of Owner’s Lenders Clause in Contracts

Owner’s Lenders. Contractor acknowledges and agrees that Owner has provided notice to Contractor, and Contractor shall before entering into any subcontract or purchase contract provide notice to every Subcontractor and Vendor, that Owner’s funds for construction of the Project, including payment of the Guaranteed Maximum Price, may be borrowed and or derived substantially from one or more lenders providing financing for the Project from time to time (“Owner’s Lenders”), and Owner’s ability to obtain such funds may be subject to one or more loan documents and conditions precedent to advances thereunder. The term “Owner’s Lenders” shall also mean and include any and all trustees, intercreditor agents, disbursement agents, administrative agents, consultants, architects, inspectors, construction managers, auditors and engineers appointed or retained directly or indirectly by or on behalf of any of Owner’s Lenders.

Appears in 2 contracts

Samples: Guaranteed Maximum Price Construction Services Agreement (Pinnacle Entertainment Inc), Guaranteed Maximum Price Construction Services Agreement (Pinnacle Entertainment Inc)

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Owner’s Lenders. Contractor acknowledges and agrees that Owner has provided notice to Contractor, and Contractor shall before entering into any subcontract or purchase contract provide notice to every Subcontractor and Vendor, that Owner’s funds for construction of the Project, including payment of the Guaranteed Maximum PriceContract Sum, may shall be borrowed and or derived substantially from one or more lenders providing financing for the Project from time to time (“Owner’s Lenders”), and Owner’s ability to obtain such funds may shall be subject to one or more loan documents and conditions precedent to advances thereunder. The term “Owner’s Lenders” shall also mean and include any and all trustees, intercreditor agents, disbursement agents, administrative agents, consultants, architects, inspectors, construction managers, auditors and engineers appointed or retained directly or indirectly by or on behalf of any of Owner’s Lenders.

Appears in 1 contract

Samples: Lump Sum Agreement (Wynn Resorts LTD)

Owner’s Lenders. Contractor acknowledges and agrees that Owner has provided notice to Contractor, and Contractor shall before entering into any subcontract or purchase contract provide notice to every Subcontractor and Vendor, that Owner’s funds for construction of the Project, including payment of the Guaranteed Maximum Price, may shall be borrowed and or derived substantially from one or more lenders providing financing for the Project from time to time (“Owner’s Lenders”), and Owner’s ability to obtain such funds may shall be subject to one or more loan documents and conditions precedent to advances thereunder. The term “Owner’s Lenders” shall also mean and include any and all trustees, intercreditor agents, disbursement agents, administrative agents, consultants, architects, inspectors, construction managers, auditors and engineers appointed or retained directly or indirectly by or on behalf of any of Owner’s Lenders.

Appears in 1 contract

Samples: Design Build Agreement (Wynn Resorts LTD)

Owner’s Lenders. Contractor acknowledges and agrees that Owner has provided notice to Contractor, and Contractor shall before entering into any subcontract or purchase contract provide notice to every Subcontractor and Vendor, that Owner’s 's funds for construction of the Project, including payment of the Guaranteed Maximum Price, may shall be borrowed and or derived substantially from one or more lenders providing financing for the Project from time to time ("Owner’s 's Lenders"), and Owner’s 's ability to obtain such funds may shall be subject to one or more loan documents and conditions precedent to advances thereunder. The term "Owner’s 's Lenders" shall also mean and include any and all trustees, intercreditor agents, disbursement agents, administrative agents, consultants, architects, inspectors, construction managers, auditors and engineers appointed or retained directly or indirectly by or on behalf of any of Owner’s 's Lenders.

Appears in 1 contract

Samples: Guaranteed Maximum Price Construction Services Agreement (Wynn Resorts LTD)

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Owner’s Lenders. Contractor acknowledges and agrees that Owner has provided notice to Contractor, and Contractor shall before entering into any subcontract or purchase contract provide notice to every Subcontractor and Vendor, that Owner’s 's funds for construction of the Project, including payment of the Guaranteed Maximum PriceContract Sum, may shall be borrowed and or derived substantially from one or more lenders providing financing for the Project from time to time ("Owner’s 's Lenders"), and Owner’s 's ability to obtain such funds may shall be subject to one or more loan documents and conditions precedent to advances thereunder. The term "Owner’s 's Lenders" shall also mean and include any and all trustees, intercreditor agents, disbursement agents, administrative agents, consultants, architects, inspectors, construction managers, auditors and engineers appointed or retained directly or indirectly by or on behalf of any of Owner’s 's Lenders.

Appears in 1 contract

Samples: Design/Build Agreement (Wynn Resorts LTD)

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