Lender Consultant definition

Lender Consultant means any third-party engineering, architectural or consulting firm hired by Lender to advise and assist Lender in connection with the Project.
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Lender Consultant shall have the meaning provided in the Loan Agreement.
Sample 1

Examples of Lender Consultant in a sentence

  • Borrower hereby agrees to pay or reimburse Lender for the reasonable costs charged by the Lender Consultant in connection with review and approval of all plans, specifications, contracts, budgets and related matters, inspection of the Project, and approval of Disbursement Requests.

  • Notwithstanding the aforesaid or anything else provided in this Agreement to the contrary, Borrower shall not be entitled to rely on any statements or actions of the Lender Consultant or any of Lender’s other consultants and neither the Lender Consultant nor any other consultant retained by Lender shall have the power or authority to grant any consents or approvals or bind Lender in any manner, absent confirmation by Lender of the accuracy of the information conveyed by such consultant to Borrower.

  • A written report(s) prepared at Borrower’s expense by the Lender Consultant, which report(s) shall be based upon an evaluation and/or investigation of specific factors and shall describe in detail the investigation and evaluations, as well as the findings.

  • The Plans must be satisfactory to Lender and Lender Consultant in all respects and must be approved in writing by Lender.

  • Borrower shall provide to Lender a schedule for the prompt incorporation thereof into the Property, and unless the Lender Consultant has verified and approved the cost and acquisition of said materials, their physical presence at the approved storage site, and the security and protection provided therefor, no disbursement by Lender for such materials shall be made.

  • Borrower covenants and agrees to cooperate fully with the Lender Consultant and any other consultants retained by Lender, including but not limited to providing such consultants full access to the Property, providing coordination between such consultants and the contractors and any representatives of Borrower involved with the Project, providing any information or reports concerning the Project requested by such consultants, and providing any other assistance requested by such consultants.

  • Borrower shall, and to the extent commercially feasible, will cause the Architect and General Contractor to, respond promptly to questions concerning the design and construction of the Project from Lender Consultant.

  • Upon certification by the Architect and Lender Consultant that the work of any Subcontractor has been satisfactorily completed, the remaining retainage applicable to such Subcontract may be paid to the Subcontractor.

  • Borrower shall, and to the extent commercially feasible, shall cause the Architect and General Contractor to, respond promptly to questions concerning the design and construction of the Project from Lender or Lender Consultant.

  • The parties agree that (x) neither the Administrative Agent nor any of the Lender Parties or Lender Consultant shall be in any way responsible for the Borrower’s retention of the CRO or any advice that is given or that fails to be given by the CRO to the Borrower and (y) the CRO’s duty of loyalty shall at all times be to the Borrower and neither the Lender Parties nor any Lender Consultant shall be deemed to control the CRO by virtue of their communications with the CRO or otherwise.

Related to Lender Consultant

  • Construction Consultant means a third-party architect or engineer selected and retained by Funding Lender, at the cost and expense of Borrower, to monitor the progress of construction and/or rehabilitation of the Project and to inspect the Improvements to confirm compliance with this Borrower Loan Agreement.

  • Independent Consultant means the independent individual, firm, or organization with which the SBA contracts to prepare the Premium Formula and any other actuarial services for the FHCF, as determined under the contract with the Consultant.

  • Subconsultant means any person or entity to whom/which the Consultant subcontracts any part of the Services in accordance with the provisions of GCC Clause 50.

  • Design Consultant means Design Consultant or Design Consultant's authorized representative.

  • Project Lender means a commercial bank, savings bank, savings and loan association, credit union or other financial institution that has loaned funds to the Developer to be used for construction of the Redevelopment Project and has secured such loan with a mortgage or security interest in the Redevelopment Project.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Consulting Engineer /"Consultant" shall mean any firm or person duly appointed as such from time to time by the owner.

  • Consultant means any person, including an advisor, engaged by the Company or a Parent or Subsidiary to render services to such entity.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Risk Retention Consultation Party means each risk retention consultation party appointed pursuant to the Lead Securitization Servicing Agreement.

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Subject Lender has the meaning assigned to that term in subsection 2.9.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Approved Lender is defined in Section 12.1.

  • Construction Lender means a person who makes a construction loan.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Operating Advisor Consulting Fee A fee for each Major Decision on which the Operating Advisor has consultation rights equal to $10,000 or such lesser amount as the related Mortgagor pays with respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), payable pursuant to Section 3.06(a) and Section 3.06A(a) of this Agreement; provided, that the Operating Advisor Consulting Fee shall be payable only to the extent such fee is actually received from the related Mortgagor as a separately identifiable fee; provided, further that the Operating Advisor may in its sole discretion reduce the Operating Advisor Consulting Fee with respect to any Major Decision; and provided, further that the Master Servicer or Special Servicer, as applicable, may waive or reduce the amount of any Operating Advisor Consulting Fee payable by the related Mortgagor if it determines that such full or partial waiver is in accordance with the Servicing Standard (provided that the Master Servicer or the Special Servicer, as applicable, shall consult with the Operating Advisor on a non-binding basis prior to any such waiver or reduction).

  • L/C Lender a Lender with an L/C Commitment.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Independent Engineer means XxXxxxxx and XxxXxxxxxxx or any other third party engineering firm acceptable to the Administrative Agent in its sole discretion.