Signs; Publicity. Borrower may, at Borrower’s expense, erect a sign or signs as reasonably approved by Agent upon the Land and Improvements at any reasonable location indicating the source of the development and construction financing. The announcement of, and the issuance of any publicity with respect to, the Loan and the transactions contemplated hereby will be subject to the prior written approval of Agent and Borrower. To the extent permitted by Law and at the request of Agent, Borrower will install, at Lender’s expense, a sign(s) of Agent’s choosing on the Land, stating that construction financing is provided by Lenders. Borrower will obtain any necessary approvals required to display such sign(s). Any such sign(s) will be located at or near the entrance to the project or at another mutually acceptable location which will permit the viewing of the sign(s) by the public. Borrower shall have the right to relocate at its expense any sign maintained under this Section 11.15 to any reasonable location in the event that such relocation is necessitated by the construction of the Improvements.
Appears in 1 contract
Samples: Construction and Mini Perm Loan Agreement (Cottonwood Multifamily Opportunity Fund, Inc.)
Signs; Publicity. Borrower may, at Borrower’s 's expense, erect a sign or signs as reasonably approved by Agent Lender upon the Land and Improvements at any reasonable location indicating the source of the development and construction financing. The announcement of, and the issuance of any publicity with respect to, the Loan and the transactions contemplated hereby will be subject to the prior written approval of Agent and BorrowerLender. To the extent permitted by Law and at the request of AgentLender, Borrower will install, at Lender’s Borrower's expense, a sign(s) of Agent’s Lender's choosing on the Land, stating that construction financing is provided by LendersLender. Borrower will obtain any necessary approvals required to display such sign(s). Any such sign(s) will be located at or near the entrance to the project or at another mutually acceptable location which will permit the viewing of the sign(s) by the public. Borrower shall have the right to relocate at its expense any sign maintained under this Section 11.15 to any reasonable location in the event that such relocation is necessitated by the construction of the Improvements.
Appears in 1 contract
Samples: Construction and Mini Perm Loan Agreement (HMG Courtland Properties Inc)
Signs; Publicity. Borrower may, at Borrower’s 's expense, erect a sign or signs as reasonably approved by Agent upon the Land and Improvements at any reasonable location indicating the source of the development and construction financing. The announcement of, and the issuance of any publicity with respect to, the Loan and the transactions contemplated hereby will be subject to the prior written approval of Agent and BorrowerAgent. To the extent permitted by Law and at the request of Agent, Borrower will install, at Lender’s Agent's expense, a sign(s) of Agent’s 's choosing on the Land, stating that construction financing is provided by Lenders. Borrower will use commercially reasonable efforts to obtain any necessary approvals required to display such sign(s). Any such sign(s) will be located at or near the entrance to the project or at another mutually acceptable location which will permit the viewing of the sign(s) by the public. Borrower shall have the right to relocate at its expense any sign maintained under this Section 11.15 to any reasonable location in the event that such relocation is necessitated by the construction of the Improvements.
Appears in 1 contract
Samples: Construction Loan Agreement (Investors Real Estate Trust)
Signs; Publicity. Borrower may, at Borrower’s expense, erect a sign or signs as reasonably approved by Agent Lender upon the Land and Improvements at any reasonable location indicating the source of the development and construction financing. The announcement of, and the issuance of any publicity with respect to, the Loan and the transactions contemplated hereby will be subject to the prior written approval of Agent and BorrowerLender. To the extent permitted by Law and at the request of AgentLender, Borrower will install, at LenderBorrower’s expense, a sign(s) of AgentLender’s choosing on the Land, stating that construction financing is provided by Lenders. Borrower will obtain any necessary approvals required to display such sign(s)Lender. Any such sign(s) will be located at or near the entrance to the project or at another mutually acceptable location which will permit the viewing of the sign(s) by the public. Borrower shall have the right to relocate at its expense any sign maintained under this Section 11.15 to any reasonable location in the event that such relocation is necessitated by the construction of the Improvements.
Appears in 1 contract
Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)