Examples of Project Collateral in a sentence
For example, the County may access and use Project Collateral in order to complete improvements as required by the Construction Plans, when such improvements have not been completed in accordance with the Construction Schedule.
Project Collateral may be released upon completion of all improvements required by the Exhibits after initial approval by the County.
Borrower further covenants and agrees that it shall at all times comply with any and all laws, ordinances and governmental and regulatory rules and regulations to which Borrower, the KEM Pledged Collateral or the Project Collateral is subject.
Borrower hereby waives any and all presentment, demand, notice of dishonor, protest, and all other notices and demands in connection with the enforcement of Lender’s rights under this Note or any of the other Loan Documents, and hereby consents to, and waives notice of release, with or without consideration, of any of the KEM Pledged Collateral and the Project Collateral, notwithstanding anything contained herein to the contrary.
Warranty Collateral shallbe withheld by County from and at the time of release of Project Collateral, or may be submitted separately by Property Owner.