Affidavit of Commencement. Borrower has filed in the appropriate records of the county in which the Land is situated, an Affidavit of Commencement ("Affidavit of Commencement"), substantially in the form of Exhibit C attached hereto and incorporated herein by this reference, duly executed by Borrower and Contractor. The date of commencement of work set forth in such Affidavit of Commencement shall not be the date of or prior to the date on which the Deed of Trust was recorded.
Appears in 1 contract
Sources: Construction Loan Agreement (Stratus Properties Inc)
Affidavit of Commencement. Borrower has filed in the appropriate records of the county in which the Land is situated, an Affidavit of Commencement ("Affidavit of Commencement"), substantially in the form of Exhibit C attached hereto and incorporated herein by this reference, duly executed by Borrower and Contractor. The date of commencement of work set forth in such Affidavit of Commencement shall not be the date of or prior to the date on which the original Deed of Trust was recorded.
Appears in 1 contract
Sources: Construction Loan Agreement (Stratus Properties Inc)