Affidavit of Borrower definition

Affidavit of Borrower means a sworn affidavit of Borrower (and such other parties as Lender may require) to the effect that all statements, invoices, bills, and other expenses incident to the Restoration incurred to a specified date, whether or not specified in the Approved Construction Budget, have been paid in full, except for (a) amounts retained pursuant to the Construction Manager's Agreement, and (b) items to be paid from the proceeds of the Disbursement then being requested or in another manner satisfactory to Lender.

Affidavit of Borrower means a sworn affidavit of an authorized representative of Borrower (and such other parties as Lender may require) to the effect that all statements, invoices, bills, and other expenses incident to the acquisition of the Property and the construction of the Improvements incurred to a specified date, whether or not specified in the Approved Budget, have been paid in full, except for (a) amounts retained pursuant to the Construction Contract, and (b) items to be paid from the proceeds of a Draw then being requested or in another manner satisfactory to Lender.

Affidavit of Borrower a sworn Affidavit of Borrower (and such other parties as Lender may require) in the form of EXHIBIT I-3, to accompany a Construction Work-Related Advance Request.

Examples of Affidavit of Borrower in a sentence

• Acceptance of each Advance constitutes reaffirmation, as of the date of such acceptance, of the representations, warranties, covenants and agreements of Borrower in the Loan Documents except as disclosed in the Affidavit of Borrower (if accepted by Lender), on which Lender shall rely in making such Advance.

• Borrower shall have executed and delivered the ---------- Affidavit of Borrower, and Guarantor shall have executed and delivered an Affidavit of Guarantor in form and substance satisfactory to Lender.

• Borrower shall inform Lender of any changes or revisions to the representations and warranties set forth herein by disclosing such facts in the Affidavit of Borrower.

• The term "Affidavit of Borrower" shall mean a sworn affidavit of Borrower (and such other parties as Lender may require) to the effect that all statements, invoices, bills, and other expenses incident to the acquisition of the Property and the renovation of the Improvements incurred to a specified date, whether or not specified in the Approved Budget, have been paid in full, except for amounts retained pursuant to the Construction Contract.

• Acceptance of each Advance constitutes reaffirmation, as of the date of such acceptance, of the repre sentations, warranties, covenants and agreements of Borrower in the Loan Instruments except as disclosed in the Affidavit of Borrower (if accepted by Lender), on which Lender shall rely in making such Advance.

More Definitions of Affidavit of Borrower

Affidavit of Borrower means a sworn Affidavit of Borrower in the form of Exhibit F-2, to accompany a Work-Related Advance Request.

Affidavit of Borrower a sworn Affidavit of Borrower (and such other parties as Lender may require) in the form of EXHIBIT J-1C, to accompany a Development Loan Advance Request.

Affidavit of Borrower means a sworn affidavit of Borrower (and such other parties as Agent may reasonably require) to be delivered to Agent no later than forty-five (45) days after the end of each calendar quarter in the form of Exhibit E.

Affidavit of Borrower means a sworn affidavit of Borrower in the form attached hereto as part of Exhibit A, to the effect that:

Affidavit of Borrower means a sworn affidavit of Borrower (and such other parties as Lender may reasonably require) to be delivered to Lender no later than forty-five (45) days after the end of each calendar quarter in the form of Exhibit "D".

Affidavit of Borrower means a sworn affidavit of each Borrower, and such other parties as TFC may require, to the effect that all statements, invoices, bills and other expenses incident to the acquisition, construction, development, renovation, rehabilitation, refitting, furnishing and equipping of the Marathon Key Resort (as hereafter defined) incurred to a specific date, have been paid in full, except for (a) amounts retained pursuant to any Construction Contract (as hereafter defined) and (b) items to be paid from the proceeds of an Acquisition/Construction Advance as approved in writing by TFC as provided in this Agreement.

Affidavit of Borrower means a sworn affidavit of Borrower (and such other parties as State Farm may require) before a notary public to the effect that all statements, invoices, bills and other expenses incident to the Project incurred to a specified date, whether or not specified in the Budget, have been paid in full, except for (a) amounts retained pursuant to a Construction Contract; and (b) items to be paid from the proceeds of an Advance then being requested or in another manner satisfactory to State Farm.