Common use of Punch List Items Clause in Contracts

Punch List Items. Borrower shall complete all Punch List Items no later than one hundred twenty (120) days following the date on which Substantial Completion occurs (subject to reasonable extensions if Borrower is diligently pursuing the completion of such Punch List Items), or such earlier date as may be required under the School Unit Purchase Agreement.

Appears in 2 contracts

Sources: Master Loan Agreement (Trinity Place Holdings Inc.), Master Loan Agreement

Punch List Items. Borrower shall cause Mortgage Borrower to complete all Punch List Items no later than one hundred twenty (120) days following the date on which Substantial Completion occurs (subject to reasonable extensions if Mortgage Borrower is diligently pursuing the completion of such Punch List Items), or such earlier date as may be required under the School Unit Purchase Agreement.

Appears in 1 contract

Sources: Mezzanine Loan Agreement (Trinity Place Holdings Inc.)

Punch List Items. Borrower shall complete all Punch List Items no later than one hundred twenty (120) days following the date on which Substantial Completion of the Construction Work occurs (subject to reasonable extensions if Borrower is diligently pursuing the completion of such Punch List Items), or such earlier date as may be required under the School Unit Purchase Agreement.

Appears in 1 contract

Sources: Master Loan Agreement (Trinity Place Holdings Inc.)

Punch List Items. Borrower shall cause Mortgage Borrower to complete all Punch List Items no later than one hundred twenty (120) days following the date on which Substantial Completion of the Construction Work occurs (subject to reasonable extensions if Mortgage Borrower is diligently pursuing the completion of such Punch List Items), or such earlier date as may be required under the School Unit Purchase Agreement.

Appears in 1 contract

Sources: Mezzanine Loan Agreement (Trinity Place Holdings Inc.)