Affidavit of Borrower definition

Affidavit of Borrower means a sworn affidavit of Borrower (and/or such other parties as Lender may require, including the Contractor) 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 a Construction Contract, and (b) items to be paid from the proceeds of an Advance then being requested or in another manner satisfactory to Lender.

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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 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.

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

Examples of Affidavit of Borrower in a sentence

• An Affidavit of Borrower executed by the Borrower certifying to the Lender that there are no tax liens, judgments against the Property or that there has been no labor or materials furnished to the Property within the last 120 days, or that there is no unrecorded documents or parties in possession except as set forth in the Permitted Encumbrances (as defined in the Mortgage).

• The term “Security Instruments” shall mean this Loan Agreement, the Deeds of Trust, the Note, the Guaranty (whether one or more), the Financing Statements, and such other instruments evidencing, securing, or pertaining to the Credit Facility as shall, from time to time, be executed and delivered by Borrower, the Guarantor, or any other party to Lender pursuant to this Loan Agreement, including, without limitation, each Affidavit of Borrower, each Draw Request, and the Approved Budget.

• 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.

• Each Draw Request shall be accompanied by 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.

More Definitions of Affidavit of Borrower

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.

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 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 in the form attached hereto as part of Exhibit A, to the effect that:

Affidavit of Borrower. The term "AFFIDAVIT OF BORROWER" shall mean a sworn affidavit of Borrower (and such other parties as Lender may require) in form and substance satisfactory to Lender and Title Company 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 any Construction Contract, and (b) items to be paid from the proceeds of an Advance then being requested or in another manner satisfactory to Lender.

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.

Affidavit of Borrower means a sworn affidavit executed by Borrower (and such other parties as Lender may require), to the effect that all statements, invoices, bills and other expenses incurred to a specified date in connection with the development or construction of the Improvements which are the subject matter of such affidavit, whether or not specified in the Approved Budgets, have been paid in full, except for (a) amounts retained pursuant to any construction contract or as otherwise required hereunder, and (b) items expressly approved in writing by Lender to be paid from the proceeds of an Advance then being requested, if any.