Prohibited Contracts. Without Lender’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
Sources: Building Loan Agreement, Building Loan Agreement (Thomas Properties Group Inc)
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
Sources: Construction Loan Agreement (Americredit Corp), Construction Loan Agreement (Pizza Inn Inc /Mo/)
Prohibited Contracts. Without Lender’s 's prior written consent, which -------------------- consent shall not be unreasonably withheld, conditioned withheld or delayed, Borrower shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Renovation 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
Sources: Construction Loan Agreement (New England Life Pension Properties), Construction Loan Agreement (New England Life Pension Properties Ii)
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, 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
Sources: Construction Loan Agreement (Fair Isaac & Company Inc)
Prohibited Contracts. Without Lender’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 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
Sources: Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Prohibited Contracts. Without Lender’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 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
Sources: Loan Agreement (LGI Homes, Inc.)