State Prevailing Wages. This Agreement has been prepared with the intention that the Loan meets the exceptions set forth in California Labor Code Sections 1720(c)(1) and 1720(c)(5)(E) to the general requirement that state prevailing wages be paid in connection with construction work that is paid for in whole or in part out of public funds. Notwithstanding the foregoing, Borrower shall be responsible for determining whether any work related to this agreement is subject to payment of prevailing wages, and if so, for complying with all prevailing wage laws.
Appears in 2 contracts
Sources: Construction Loan Agreement, Loan Agreement