Common use of ALTERATIONS - ADDITIONS Clause in Contracts

ALTERATIONS - ADDITIONS. Borrower shall not make or cause to be made any alterations of and additions to the Property or any part thereof without prior written consent of Lender, which consent shall not be unreasonably withheld; provided, however, that Borrower may make nonstructural additions to the Property costing less than $1,000,000 per year without ▇▇▇▇▇▇’s consent so long as such additions do not diminish the value of the Property. If Lender consents to any alterations or additions to the Property, such alterations or additions shall be made at Borrower’s sole expense by a licensed contractor and according to the plans and specifications approved by ▇▇▇▇▇▇ and subject to any other conditions required by ▇▇▇▇▇▇. Any work commenced on the Property shall be diligently completed, shall be of good workmanship and materials and shall comply with the terms of this Instrument. Upon the completion of any alterations or additions, Borrower shall promptly provide Lender with (a) evidence of full payment to all laborers, materialmen contributing to the alterations or additions, (b) an architect’s certificate certifying the alterations conform to the plans and specification approved by ▇▇▇▇▇▇, (c) a certificate of occupancy (if such alterations or additions require the issuance thereof) and (d) any other documents or information reasonably requested by Lender.

ALTERATIONS - ADDITIONS. Borrower shall not make or cause to be made any alterations of and additions to the Property or any part thereof without prior written consent of Lender, which consent shall not be unreasonably withheld; provided, however, that Borrower may make (a) nonstructural additions to the Property costing less than $1,000,000 per year without ▇▇▇▇▇▇’s 's consent so long as such additions do not diminish the value of the PropertyProperty and (b) and the additions described on Schedule 4 attached hereto. If Lender consents to any alterations or additions to the Property, such alterations or additions shall be made at Borrower’s 's sole expense by a licensed contractor and according to the plans and specifications approved by ▇▇▇▇▇▇ and subject to any other conditions required by ▇▇▇▇▇▇. Any work commenced on the Property shall be diligently completed, shall be of good workmanship and materials and shall comply with the terms of this Instrument. Upon the completion of any alterations or additions, Borrower shall promptly provide Lender with (ai) evidence of full payment to all laborers, materialmen contributing to the alterations or additions, (bii) an architect’s 's certificate certifying the alterations conform to the plans and specification approved by ▇▇▇▇▇▇Lender, (ciii) a certificate of occupancy (if such alterations or additions require the issuance thereof) and (div) any other documents or information reasonably requested by Lender.

ALTERATIONS - ADDITIONS. Borrower shall not make or cause to be made any alterations of and additions to the Property or any part thereof without prior written consent of Lender, which consent shall not be unreasonably withheld; provided, however, that Borrower may make (a) nonstructural additions to the Property costing less than $1,000,000 per year without ▇▇▇▇▇▇’s 's consent so long as such additions do not diminish the value of the PropertyProperty and (b) and the additions described on Schedule 4 attached hereto. If Lender consents to any alterations or additions to the Property, such alterations or additions shall be made at Borrower’s 's sole expense by a licensed contractor and according to the plans and specifications approved by ▇▇▇▇▇▇ and subject to any other conditions required by ▇▇▇▇▇▇. Any work commenced on the Property shall be diligently completed, shall be of good workmanship and materials and shall comply with the terms of this Instrument. Upon the completion of any alterations or additions, Borrower shall promptly provide Lender with (ai) evidence of full payment to all laborers, materialmen contributing to the alterations or additions, (bii) an architect’s 's certificate certifying the alterations conform to the plans and specification approved by ▇▇▇▇▇▇, (ciii) a certificate of occupancy (if such alterations or additions require the issuance thereof) and (div) any other documents or information reasonably requested by Lender▇▇▇▇▇▇.