Prohibited Contracts. Without Lender's prior written consent, Borrower -------------------- shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Improvements, if any third party shall retain any ownership interest (other than lien rights created by operation of law) in such items after their delivery to the Property and Improvements. Borrower shall have five (5) days to effect the removal of any such retained interest.
Appears in 2 contracts
Samples: Construction Loan Agreement (Pizza Inn Inc /Mo/), Construction Loan Agreement (Americredit Corp)
Prohibited Contracts. Without Lender's prior written consent, which -------------------- consent shall not be unreasonably withheld or delayed, Borrower -------------------- shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Work, or other property for the use or occupancy of the Property or Improvements, if any third party shall retains or purports to retain any ownership interest (other than lien rights rights, if any, created by operation of law) in such items after their delivery to the Property and ImprovementsProperty. Borrower shall have five (5) days to effect the removal of any such retained interest.
Appears in 2 contracts
Samples: Construction Loan Agreement (New England Life Pension Properties Ii), Construction Loan Agreement (New England Life Pension Properties)
Prohibited Contracts. Without Lender's ’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed, Borrower -------------------- shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Renovation Improvements, if any third party shall retain any ownership interest (other than lien rights created by operation of law) in such items after their delivery to the Property and Improvements. Borrower shall have five (5) days to effect the removal of any such retained interest.
Appears in 2 contracts
Samples: Building Loan Agreement, Building Loan Agreement (Thomas Properties Group Inc)
Prohibited Contracts. Without Lender's ’s prior written consent, Borrower -------------------- shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Houses or A&D Improvements, if any third party shall retain any ownership interest (other than lien rights created by operation of law) in such items after their delivery to the Property and ImprovementsLot and/or Land. Borrower shall have five (5) days to effect the removal of any such retained interest.
Appears in 1 contract
Samples: Loan Agreement (LGI Homes, Inc.)
Prohibited Contracts. Without Lender's prior written consent, Borrower -------------------- shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Improvements, or other property for the use or occupancy of the Property or the Improvements, if any third party shall retains or purports to retain any ownership interest (other than lien rights rights, if any, created by operation of law) in such items after their delivery to the Property and ImprovementsProperty. Borrower shall have five (5) days to effect the removal of any such retained interest.
Appears in 1 contract
Samples: Construction Loan Agreement (Fair Isaac & Company Inc)
Prohibited Contracts. Without Lender's ’s prior written consent, Borrower -------------------- shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Borrower Improvements or any other Improvements, if any third party shall retain any ownership interest (other than lien rights created by operation of law) in such items after their delivery to the Property and ImprovementsProperty. Borrower shall have five (5) days to effect the removal of any such retained interest.
Appears in 1 contract
Samples: Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)
