Xxxxxxxx’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from Xxxxxx, in writing, reimbursement for such Capital Replacement. Xxxxxxxx’s request for reimbursement will include (1) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2) if required by Xxxxxx, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement.
Appears in 3 contracts
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement
Xxxxxxxx’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from XxxxxxFunding Lender, in writing, reimbursement for such Capital Replacement. Xxxxxxxx’s request for reimbursement will include (1) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Funding Lender, that the cost of such Capital Replacement has been paid, and (2) if required by XxxxxxFunding Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement.
Appears in 2 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement
Xxxxxxxx’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will shall perform such Capital Replacement and request from Xxxxxx, in writing, reimbursement for such Capital Replacement. Xxxxxxxx’s 's request for reimbursement will shall include (1A) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, paid and (2B) if required by Xxxxxx, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement, if required by Lender.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Xxxxxxxx’s Request. If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from Xxxxxx, in writing, reimbursement for such Capital Replacement. Xxxxxxxx’s request for reimbursement will include (1) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2) if required by XxxxxxLender, if the cost of such Capital Replacement has been paid, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement.
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)