The Construction Contract. Borrower shall not become a party to any Construction Contract, or other contract for the performance of any work on the Property or for the supplying of any labor, materials, or services for the development of any part of the Property ,except upon such terms and with such parties as shall be approved in advance in writing by Lender. Borrower shall cause each Contractor to execute a Contractor’s Consent, satisfactory to Lender in form and substance, and shall contain a provision subordinating the Contractor’s and all subcontractor's Liens to the Lien of the Deed of Trust. No approval by Lender of any Construction Contract or change order shall impose upon Lender any responsibility for the adequacy, form, or content of such Construction Contract or any change orders. Loan AgreementFrisco 113, Collin County, Texas 26
Appears in 1 contract
Sources: Loan Agreement (United Development Funding Income Fund V)
The Construction Contract. Borrower shall not become a party to any Construction Contract, or other contract for the performance of any work on the Property or for the supplying of any labor, materials, or services for the development of any part of the Property ,Property, except upon such terms and with such parties as shall be approved in advance in writing by Lender, such approval not to be unreasonably withheld. Borrower shall cause each Contractor to execute a Contractor’s Consent, satisfactory to Lender in form and substance, and shall contain a provision subordinating the Contractor’s and all subcontractor's Liens to the Lien of the Deed of Trust. No approval by Lender of any Construction Contract or change order shall impose upon Lender any responsibility for the adequacy, form, or content of such Construction Contract or any change orders. Loan AgreementFrisco 113, Collin Agreement – Rosehill Reserve ▇▇▇▇▇▇ County, Texas 2628
Appears in 1 contract
Sources: Loan Agreement
The Construction Contract. Borrower shall not become a party to any Construction Contract, or other contract for the performance of any work on the Property or for the supplying of any labor, materials, or services for the development of any part of the Property ,Property, except upon such terms and with such parties as shall be approved in advance in writing by Lender, such approval not to be unreasonably withheld. Borrower shall cause each Contractor to execute a Contractor’s Consent, satisfactory to Lender in form and substance, and shall contain a provision subordinating the Contractor’s and all subcontractor's Liens to the Lien of the Deed of Trust. No approval by Lender of any Construction Contract or change order shall impose upon Lender any responsibility for the adequacy, form, or content of such Construction Contract or any change orders. Loan AgreementFrisco 113, Collin Agreement – Rosehill ReserveHarris County, Texas 2628
Appears in 1 contract
Sources: Loan Agreement (United Development Funding Income Fund V)
The Construction Contract. Borrower shall not become a party to any Construction Contract, or other contract for the performance of any work on the Property or for the supplying of any labor, materials, or services for the development of any part of the Property ,except upon such terms and with such parties as shall be approved in advance in writing by Lender. Borrower shall cause each Contractor to execute a Contractor’s Consent, satisfactory to Lender in form and substance, and shall contain a provision subordinating the Contractor’s and all subcontractor's Liens to the Lien of the Deed of Trust. No approval by Lender of any Construction Contract or change order shall impose upon Lender any responsibility for the adequacy, form, or content of such Construction Contract or any change orders. Loan AgreementFrisco 113Agreement – F▇▇▇▇▇ ▇▇▇▇▇ ▇▇, Collin ▇▇, ▇▇ ▇▇-▇ , ▇▇▇▇▇▇ County, Texas 2627
Appears in 1 contract
Sources: Loan Agreement (United Development Funding Income Fund V)