Required Work. Borrower shall diligently pursue all Required Repairs and Replacements (collectively, the “Required Work”) to completion in accordance with the following requirements:
(a) Lender reserves the right, at its option, to approve all contracts or work orders with materialmen, mechanics, suppliers, subcontractors, contractors or other parties providing labor or materials in connection with the Required Work to the extent such contracts or work orders exceed $500,000. Upon Lender’s request, Borrower shall assign any contract or subcontract to Lender.
(b) Upon the occurrence and during the continuance of an Event of Default, Lender shall have the option to withhold disbursement for such unsatisfactory Required Work and to proceed under existing contracts or to contract with third parties to complete such Required Work and to apply the Required Repair Funds or the FF&E Reserve Funds, as applicable, toward the labor and materials necessary to complete such Required Work, without providing any prior notice to Borrower and to exercise any and all other remedies available to Lender upon an Event of Default hereunder.
(c) During the continuance of an Event of Default, in order to facilitate Lender’s completion of the Required Work, Borrower grants Lender the right to enter onto the Properties and perform any and all work and labor necessary to complete the Required Work and/or employ watchmen to protect the Properties from damage. All sums so expended by Lender, to the extent not from the Reserve Funds, shall be deemed to have been advanced under the Loan to Borrower and secured by the Mortgages. For this purpose Borrower constitutes and appoints Lender its true and lawful attorney-in-fact with full power of substitution to complete or undertake the Required Work in the name of Borrower upon Borrower’s failure to do so in a workmanlike and timely manner. Such power of attorney shall be deemed to be a power coupled with an interest and cannot be revoked. Borrower empowers said attorney-in-fact as follows: (i) to use any of the Reserve Funds for the purpose of making or completing the Required Work; (ii) to make such additions, changes and corrections to the Required Work as shall be necessary or desirable to complete the Required Work; (iii) to employ such contractors, subcontractors, agents, architects and inspectors as shall be required for such purposes; (iv) to pay, settle or compromise all existing bills and claims which are or may become Liens against any Individua...
Required Work. The Borrower shall cause the work described on Schedule 8.21 attached hereto to be completed on or before the applicable dates set forth on said schedule. Such work shall be completed in a good and workmanlike manner, lien-free and in accordance with all Applicable Laws. The Administrative Agent shall have the right to inspect such work and the reasonable costs of such inspection shall be paid by the Borrower. In addition, the Borrower acknowledges receipt of the Environmental Reports and the Property Condition Reports and agrees to address in its prudent business judgment the recommendations contained in such reports.
Required Work. 81 Section 9.5 Release of Reserve Funds .............................................................. 83 Section 9.6 Tax and Insurance Reserve Funds ....................................................... 83 Section 9.7
Required Work. Borrower shall diligently pursue all Replacements (collectively, the “Required Work”) to completion in accordance with the following requirements:
Required Work. Secretaries and clerks shall not regularly be required to do work typically required of other bargaining unit employees, e.g. grading papers (reserved for teachers and assistants), transporting pupils (reserved for drivers), and garbage removal, sweeping, mopping (reserved for custodians). No employee shall be required to attend a staffing that begins before or after the employee's work day.
Required Work. Any improvements required to be performed under this Agreement or paid for under this Agreement ("Required Work") (including, without limitation, all work required under Section 9.12 hereof) shall be completed in a lien-free and good and workmanlike manner as soon as practicable and in strict compliance with the term of the Loan Documents. The Required Work as set forth on Exhibit E shall be completed by the completion dates set forth therein, provided, however, such completion dates shall be extended for reasons of Force Majeure and provided further and notwithstanding anything to the contrary contained herein, with respect to Borrower seeking entitlements as indicated in such Exhibit E, Borrower shall have the right, in its sole discretion, to abandon its efforts to obtain such entitlements, and once abandoned, such entitlements shall not be deemed Required Work (provided that Borrower shall remain responsible for, and shall pay, all consultants, contractors and third parties providing services in connection with such entitlements). Borrower shall provide written notice to Lender if and when it elects to so abandon any such entitlement efforts. Without limitation, all Required Work shall comply with all applicable laws, ordinances, rules and regulations of all Governmental Authorities having jurisdiction over the applicable Property and applicable insurance requirements, including applicable building codes, special use permits, environmental regulations, and requirements of insurance underwriters. If Lender disapproves, in its reasonable judgment, any portion of the construction or equipping of any Property, Borrower, within ninety (90) days after such disapproval, shall commence to correct the condition so disapproved, and thereafter will diligently complete such correction. Borrower agrees that all materials contracted or purchased for construction of any Property and all labor hired or contracted for with respect to any construction and paid for with proceeds of the Loan will be used and employed solely on such Property and for no other purpose.
Required Work. Contractor shall deliver the following digital mapping products (Digital Aerial Data) under this Scope of Work, as described in Exhibits A.1 through A.4 to this Exhibit A.
Required Work. The Borrower shall commence, and thereafter implement and complete with commercially reasonable diligence the planning and subsequent implementation of the following work, in accordance with the applicable schedule set forth below, and in accordance with the recommendations of the Borrower’s structural and/or environmental engineers. All such work shall be performed by licensed personnel in accordance with all Applicable Laws and shall be completed free and clear of mechanics’, materialmen’s and other Liens. Upon completion of such work, the Borrower shall deliver to the Administrative Agent a true and correct copy of the signed final inspection on the building permit for such work from the applicable municipality (if applicable) as well as a certificate signed by the Borrower certifying that such work has been completed in compliance with the requirements of this Agreement. Such work shall be performed in accordance with the provisions of Section 8.21 and any other applicable provisions of this Agreement. The Borrower shall upon the request of the Administrative Agent provide reasonably detailed information concerning the status of the progress of such work.
Required Work. 32 4.26 Use of Real Property..................................................................... 32 4.27 Access to Real Property.................................................................. 33 4.28 Condition of the Assets.................................................................. 33 4.29
