Common use of REPRESENTATIONS AND WARRANTIES 14 Clause in Contracts

REPRESENTATIONS AND WARRANTIES 14. Borrower’s Formation and Powers 14 Section 4.2 Authority 15 Section 4.3 No Approvals 15 Section 4.4 Legal and Valid Obligations 15 Section 4.5 Litigation 15 Section 4.6 Title 15 Section 4.7 Defects and Hazards 16 Section 4.8 Agreements 16 Section 4.9 No Defaults under Loan Documents or Other Agreements 16 Section 4.10 Personal Property 16 Section 4.11 Separate Lots 16 Section 4.12 Loan in Balance 16 Section 4.13 Accuracy of Information 16 Section 4.14 Compliance 16 Section 4.15 Consents 17 Section 4.16 Environmental Laws 17 Section 4.17 Anti-Terrorism Regulations 17 Section 4.18 Subsidiaries 18 Section 4.19 Leases 18 Section 4.20 Use of Loan Proceeds 18 Section 4.21 Payments by Borrower 18 Section 4.22 Insurance 18 ARTICLE V COVENANTS OF BORROWER 19 Section 5.1 Completing Construction 19 Section 5.2 Changing Costs, Scope or Timing of Work 20 Section 5.3 Using Loan Proceeds 20 Section 5.4 Keeping of Records 20 Section 5.5 Providing Evidence of Completion 21 Section 5.6 Maintaining Insurance Coverage 21 Section 5.7 Transferring, Conveying or Encumbering the Project 21 Section 5.8 Complying with the Loan Documents and Other Documents 21 Section 5.9 Reporting Requirements 21 Section 5.10 Taxes and Claims 22 Section 5.11 Maintain Existence 22 Section 5.12 Compliance with Applicable Laws 22 Section 5.13 Notice 22 Section 5.14 Contingent Liability 22 Section 5.15 Merger and Consolidation 23 Section 5.16 Loss of Note or other Loan Documents 23 Section 5.17 Permits and Licenses 23 Section 5.18 Patriot Act 23 Section 5.19 Debt; Operations and Fundamental Changes of Borrower 23 Section 5.20 Security Interests 24 ARTICLE VI DEFAULTS 24 Section 6.1 Events of Default. 24 Section 6.2 Rights and Remedies 25 Section 6.3 Completion of Project by Lender 26

Appears in 2 contracts

Sources: Construction Loan Agreement, Construction Loan Agreement