Common use of Suspension of Construction Clause in Contracts

Suspension of Construction. If Lender determines that any work or materials do not conform to the Drawings and Specifications or applicable law, or otherwise departs from any of the requirements of this Agreement, Lender may require the work to be stopped and withhold disbursement of Construction Loan Advances until the matter is corrected. In such event, Borrower will promptly correct the work to Lender’s satisfaction. No such action by Lender will affect Borrower’s obligation to complete the Project on or before the Conversion Date.

Suspension of Construction. If Lender determines that any work or materials do not materially conform to the Drawings and Specifications Construction Plans or applicable law, or otherwise departs from any of the requirements of this AgreementFirst Supplement or any other Loan Document, Lender may require the work to be stopped and withhold disbursement of Construction Loan Advances until the matter is corrected. In such event, Borrower will promptly correct the work to Lender’s 's satisfaction. No such action by Lender will affect Borrower’s 's obligation to complete the Project on or before the Conversion Required Completion Date.

Suspension of Construction. If Lender determines that any work or materials do not conform to the Drawings and Specifications Construction Plans or applicable law, or otherwise departs from any of the requirements of this Agreement, Lender may require the work to be stopped and withhold disbursement of Construction Loan Advances until the matter is corrected. In such event, Borrower will promptly correct the work to Lender’s satisfaction. No such action by Lender will affect Borrower’s obligation to complete the Project on or before the Conversion Required Completion Date.

Suspension of Construction. If Lender determines that any work or materials do not conform to the Drawings and Specifications Construction Plans or applicable law, or otherwise departs from any of the requirements of this AgreementFourth Supplement or any other Loan Document, Lender may require the work to be stopped and withhold disbursement of Construction Loan Advances until the matter is corrected. In such event, Borrower will promptly correct the work to Lender’s satisfaction. No such action by Lender will affect Borrower’s obligation to complete the Project on or before the Conversion Required Completion Date.

Suspension of Construction. If Lender determines that any work or materials do not conform to the Drawings and Specifications Construction Plans or applicable law, or otherwise departs from any of the requirements of this AgreementThird Supplement or any other Loan Document, Lender may require the work to be stopped and withhold disbursement of Construction Loan Advances until the matter is corrected. In such event, Borrower will promptly correct the work to Lender’s satisfaction. No such action by Lender will affect Borrower’s obligation to complete the Project on or before the Conversion Required Completion Date.