Restriction on Change Orders. Except as permitted in Section 9.2, the Borrower will not cause, permit or suffer to exist any deviations from the Plans and Specifications and will not approve or consent to any change order or construction change directive without the prior approval of the Agent.
Appears in 2 contracts
Samples: Construction Loan Agreement (Walden Residential Properties Inc), Construction Loan Agreement (Walden Residential Properties Inc)
Restriction on Change Orders. Except as permitted in Section 9.22.10 above, the Borrower will not cause, permit or suffer to exist any deviations from the Plans and Specifications and will not approve any of them or consent to any change order or construction change directive without the prior approval of Agent and the Agentsurety company or companies issuing any Payment and Performance Bonds, to the extent such approval is required thereunder.
Appears in 2 contracts
Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc), Revolving Credit Construction Loan Agreement (Wci Communities Inc)
Restriction on Change Orders. Except as permitted in Section 9.22.10 above, the neither Borrower nor Guarantor will not cause, permit or suffer to exist any deviations from the Plans and Specifications and will not approve any of them or consent to any change order or construction change directive without the prior approval of Agent and the Agentsurety company or companies issuing any Payment and Performance Bonds, to the extent such approval is required thereunder.
Appears in 1 contract
Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc)
Restriction on Change Orders. Except as permitted in Section 9.2, the Borrower will not cause, permit or suffer to exist any material deviations from the Plans and Specifications Specifications, and will not approve or consent to any material change order or construction change directive without the prior approval of Agent and the Agentinsurance company or companies underwriting the Subcontractor Default Surety Program, if required under the terms of such coverage.
Appears in 1 contract
Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)