Examples of Inspecting Consultant in a sentence
Borrower shall submit a so-called "PENCIL COPY REQUISITION" to Agent's Inspecting Consultant prior to the submission of a Draw Request.
Within five (5) Domestic Business Days of Agent's Inspecting Consultant's receipt of the pencil copy requisition, Agent's Inspecting Consultant shall review the pencil copy requisition, inspect the Project and provide comments to Borrower.
Disbursement of funds hereunder is subject to periodic inspections and approvals by the Bank, or its agents including, without limitation, the Inspecting Consultant, as to the Improvements being constructed.
It shall be a condition to construction disbursements reflecting any particular percentage of completion of construction that the Administrative Agent shall have actually received a preliminary report of the Inspecting Consultant (an "INSPECTING CONSULTANT PROGRESS REPORT") approving for payment the hard cost items in the related Draw Request.
In addition, the actual number of days of delay in performance that a Party may claim as reasonably attributable to a Delay Event shall be reduced by the number of days, if any, that such Delay Event’s duration could reasonably have been reduced if such Party had advised the other Party of the existence of such Delay Event in writing promptly after discovery of the such Delay Event by such Party or, in the case of City, City’s Inspecting Consultant.
Such Master Plans and Specifications have been approved by an Inspecting Consultant and are acceptable to the Administrative Agent and the Lenders.
CONDITION All items must be submitted by the Inspecting Consultant Engineer of record as a complete work order close out package.
Borrower shall pay for all fees of Lender's Inspecting Consultant, subject, however, to a "cap" of $750.00 per inspection.
The Company specifically authorizes the Administrative Agent to retain an Inspecting Consultant and incur other costs and expenses referred to above relative to a specific proposed Project prior to the date such Project becomes a qualified Project as contemplated hereby.
The Borrower shall make arrangements for advance payment or reimbursement by the Borrower of the fees and expenses of the Inspecting Consultant in making any such physical inspections and Inspecting Consultant Progress Reports.