Common use of Completing the Work Clause in Contracts

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. 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 Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction 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 that the Construction Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if ▇▇▇▇▇▇ agrees in writing to extend the Completion Deadline. 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 Construction Contract, and (ii) the construction cannot be completed on time because extenuating circumstances exist that are beyond my control. ▇▇▇▇▇▇ will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. 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 Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction 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 that the Construction Renovation Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve fifteen (1215) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if ▇▇▇▇▇▇ agrees in writing to extend the Completion Deadline. 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 Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. ▇▇▇▇▇▇ will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. 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 Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction 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 that the Construction Renovation Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if ▇▇▇▇▇▇ Lender agrees in writing to extend the Completion Deadline. 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 Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. ▇▇▇▇▇▇ Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. 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 Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction 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 that the Construction Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if ▇▇▇▇▇▇ agrees in writing to extend the Completion Deadline. 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 Construction Contract, and (ii) the construction cannot be completed on time because extenuating circumstances exist that are beyond my control. ▇▇▇▇▇▇ will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. 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 Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction 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 that the Construction Renovation Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if ▇▇▇▇▇▇ Lender agrees in writing to extend the Completion Deadline. 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 Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. ▇▇▇▇▇▇ Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. 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 Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction 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 that the Construction Renovation Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve fifteen (1215) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if ▇▇▇▇▇▇ Lender agrees in writing to extend the Completion Deadline. 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 Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. ▇▇▇▇▇▇ Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. 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 Construction Renovation Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction 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 that the Construction Renovation Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve fifteen (1215) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if ▇▇▇▇▇▇ agrees in writing to extend the Completion Deadline. 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 Construction Renovation Contract, and (ii) the construction renovation cannot be completed on time because extenuating circumstances exist that are beyond my control. ▇▇▇▇▇▇ will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 2.8.4.6 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.

Completing the Work. I will cause the Contractor to begin the Work promptly after the loan closing and all permits are in place. 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 Construction Contract and all Government Regulations. The Work will not violate any of the conditions, covenants, or restrictions on the Property. I will notify Lender promptly in writing if: (i) I think that the Work does not comply with the Construction 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 that the Construction Contract represents that the Work will be completed on or before _________________ (“Completion Date”), subject to modifications in approved Change Orders. I agree that the Work must be completed no later than twelve (12) months after the loan closing (“Completion Deadline”), and no later than eighteen (18) months after the loan closing if ▇▇▇▇▇▇ Lender agrees in writing to extend the Completion Deadline. 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 Construction Contract, and (ii) the construction cannot be completed on time because extenuating circumstances exist that are beyond my control. ▇▇▇▇▇▇ Lender will accept the Work as completed when I satisfy all of the conditions in Section 2.8.4.5 of this Loan Agreement. I acknowledge and agree that if the Work is not completed by the Completion Deadline, it will constitute an Event of Default under Section 3.1 of this Loan Agreement.