Substitution or Removal of Portions of Property. The Borrower shall have the right from time to time to substitute personal property or fixtures constituting a part of the Property, provided that the personal property or fixtures to be substituted for the personal property or fixtures to be replaced shall be of comparable quality and that the Borrower shall have given to the City notice in writing of its intention to effect such substitution at least seven (7) days prior to such substitution. Removal of any portion of the Property other than personal property or fixtures replaced in accordance with the preceding sentence shall be made only with the prior written consent of the City.
Appears in 29 contracts
Samples: Construction/Permanent Second Deed of Trust Loan Agreement, Construction Loan Agreement, Construction/Permanent Second Deed of Trust Loan Agreement
Substitution or Removal of Portions of Property. The Borrower shall have the right from time to time to substitute personal property or fixtures constituting a part of the Property, provided that the personal property or fixtures to be substituted for the personal property or fixtures to be replaced shall be of comparable quality and that the Borrower shall have given to the City notice in writing of its intention to effect such substitution at least seven (7) days prior to such substitutionquality. Removal of any portion of the Property other than personal property or fixtures replaced in accordance with the preceding sentence shall be made only with the prior written consent of the City.
Appears in 13 contracts
Samples: Forgivable Loan Agreement, Forgivable Loan Agreement, Forgivable Loan Agreement
