Examples of Collateral Assignment of Construction Contract in a sentence
Borrower and Borrower’s general contractor shall sign and deliver to Lender a Collateral Assignment of Construction Contract in the form required by Lender (“Collateral Assignment of Contract”).
The accurate and complete copy of the Construction Contract is attached to the Collateral Assignment of Construction Contract as Exhibit B.
Borrower previously signed, and caused the Architect to sign, and delivered to Lender a Collateral Assignment of Architectural Agreement in the form prescribed by Lender; and Borrower signed, and caused the Contractor to sign, and delivered to Lender a Collateral Assignment of Construction Contract in the form prescribed by Lender (collectively, the “Collateral Assignments”).
Developer shall have delivered to Landlord executed originals of the Consent of Contractor to the Collateral Assignment of Construction Contract, the Consent of Architect to the Collateral Assignment of Architect's Contract, and the Consent of Manager to the Collateral Assignment of Management Agreement.
Borrower shall sign, and shall cause the Architect to sign, and deliver to Lender a Collateral Assignment of Architectural Agreement in the form prescribed by Lender and Borrower shall sign, and cause the Contractor to sign, and deliver to Lender a Collateral Assignment of Construction Contract in the form prescribed by Lender (collectively, the "Collateral Assignments").
Prior to disbursements for construction of the Project, the Bank shall receive a Collateral Assignment of Construction Contract acknowledged by the contractor, in form and content satisfactory to the Bank in its sole discretion.
Lender may use the Plans for any purpose relating to the Improvements, subject to the terms of this Agreement, Collateral Assignment of Construction Contract and the Consent of Contractor to Collateral Assignment of Construction Contract attached thereto and Collateral Assignment of Architect's Contract and Consent of Architect to Collateral Assignment of Architect's Contract attached thereto.
Borrower shall sign, and shall cause the Architect to sign, and deliver to Lender, with respect to the Architectural Agreements, a Collateral Assignment of Architectural Agreement(s) in the form prescribed by Lender and Borrower shall sign, and cause the Contractor to sign and deliver to Lender, with respect to the Construction Contracts, a Collateral Assignment of Construction Contract in the form prescribed by Lender (collectively, the “Collateral Assignments”).
EXHIBIT B CONSTRUCTION CONTRACT EXHIBIT C FORM OF CONSENT The undersigned hereby consents to the foregoing Collateral Assignment of Construction Contract (the “Assignment”), and agrees to perform pursuant to the terms and conditions of the Construction Contract.
A copy of the Construction Contract, and a Collateral Assignment of Construction Contract and Power of Attorney on Lender's approved form, executed by Borrower and the General Contractor.