Renovation Contract definition
Examples of Renovation Contract in a sentence
I am not in default under any of the Loan Documents or the Renovation Contract.
The Work for which a Disbursement is requested has been completed in a good and workmanlike manner, and complies with the Renovation Contract, the Plans, the Permits, and all Government Regulations.
I authorize Lender, as my attorney-in-fact, to exercise any right I may have in or under the Renovation Contract or any Permit.
Nothing Lender does (including inspecting the Work or disbursing any part of the Loan) will be a representation or warranty by Lender that the Work complies with the Renovation Contract, this Loan Agreement, the Permits, or any Government Regulations.
I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Renovation Contract or this Loan Agreement; (ii) any notice of lien on the Property is served on me or Contractor; or (iii) any Government Authority issues any notice or claim relating to the Property.
I acknowledge and agree that if the Work is not completed according to the Renovation Contract (including any modification by Change Order), it will constitute an Event of Default under Section 3.1 of this Loan Agreement.
I agree that the Work must be completed according to the Renovation Contract, including the Plans, subject to Change Orders.
I will use my best efforts to ensure the Contractor continues the Work diligently according to the Schedule and in a commercially reasonable and workmanlike manner in strict accordance with the Renovation Contract and all Government Regulations.
I may request that Lender extend the Completion Deadline only if (i) I am not in default under any of the Loan Documents or the Renovation Contract, and (ii) the renovation cannot be completed on time because extenuating circumstances exist that are beyond my control.
I have full and sole responsibility to make sure that the Work complies with the Renovation Contract and all Government Regulations, and that the Work is completed no later than the Completion Deadline.