Common use of Storage of Materials Clause in Contracts

Storage of Materials. Borrower shall cause all materials supplied for, or intended to be utilized in the construction of the Improvements, but not yet affixed to or incorporated into the Improvements on the Land, to be stored on the Land with adequate safeguards as required by Lender to prevent loss, theft, damage or commingling with other materials or projects. Borrower shall not purchase or order materials for delivery more than forty-five (45) days prior to the scheduled incorporation of such materials into the Improvements.

Appears in 2 contracts

Samples: Construction Loan Agreement (Plasma Therm Inc), Construction Loan Agreement (Plasma Therm Inc)

AutoNDA by SimpleDocs

Storage of Materials. Borrower shall cause all materials supplied for, or intended to be utilized in the construction of the Improvements, but not yet affixed to or incorporated into the Improvements on the Land, to be stored on the Land with adequate safeguards as required by Lender Bank to prevent loss, theft, damage or commingling with other materials or projects. Borrower shall not purchase or order materials for delivery more than forty-five (45) days prior to the scheduled incorporation of such materials into the Improvements.

Appears in 1 contract

Samples: Construction Loan Administration Agreement (American Retirement Corp)

Storage of Materials. Borrower shall cause all materials supplied for, or intended to be utilized in the construction of the Improvements, but not yet affixed to or incorporated into the Improvements on the Land, to be stored on the Land with adequate safeguards as required by Lender to prevent loss, theft, damage or commingling with other materials or projects. Borrower shall not purchase or order materials for delivery more than forty-five (45) days prior to the scheduled incorporation of such materials into the Improvements. Borrower is solely and completely responsible for the protection and/or replacement of any lost, stolen or damaged materials.

Appears in 1 contract

Samples: Developmental Loan Agreement

Storage of Materials. Borrower shall cause all materials supplied for, or intended to be utilized in in, the construction of the Improvements, but not yet affixed to or incorporated into the Improvements on the Land, to be stored on the Land with adequate safeguards safeguards, as required by Lender Administrative Agent, to prevent loss, theft, damage or commingling with other materials or projectsmaterials. Unless approved by the Administrative Agent, Borrower shall not purchase or order materials for delivery more than forty-five (45) days prior to the scheduled incorporation of such materials into the Improvements.

Appears in 1 contract

Samples: Construction Loan Agreement (Stratus Properties Inc)

AutoNDA by SimpleDocs

Storage of Materials. Borrower shall cause all materials supplied for, -------------------- or intended to be utilized in the construction of the Improvements, but not yet affixed to or incorporated into the Improvements on or the Land, to be stored on the Land with adequate safeguards as required by Lender to prevent loss, theft, damage or commingling with materials for other materials or projects. Borrower shall not purchase or order materials for delivery more than forty-five (45) days prior to the scheduled incorporation of such materials into the Improvements.

Appears in 1 contract

Samples: Construction Loan Agreement (Wells Real Estate Investment Trust Inc)

Storage of Materials. Borrower shall cause all materials supplied for, or intended to be utilized in in, the construction of any improvements to the ImprovementsProject, but not yet affixed to or incorporated into the Improvements on the Land, improvements to be stored on the Land land upon which the Project is situated with adequate safeguards safeguards, as required by Lender Lender, to prevent loss, theft, damage or commingling with other materials or projectsmaterials. Borrower shall not purchase or order materials for delivery to the Project more than forty-five (45) days prior to the scheduled incorporation of such materials into the Improvementsimprovements to the Project.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!