Common use of Reasonable Modifications Clause in Contracts

Reasonable Modifications. The City agrees that it shall consider and adopt as Minor Amendments such other industry standard provisions requested by Owner to obtain financing if the same is requested by a Lender in order to protect its collateral under any deed of‌ trust, mortgage or other security instrument, provided the same does not materially diminish the interests of the City under this Agreement.

Appears in 1 contract

Sources: Development Agreement

Reasonable Modifications. The City agrees that it shall consider and adopt as Minor Amendments such other industry standard provisions requested by Owner to obtain financing if the same is requested by a Lender in order to protect its collateral under any deed of‌ of trust, mortgage or other security instrument, provided the same does not materially diminish the interests of the City under this Agreement.

Appears in 1 contract

Sources: Development Agreement