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80004996
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Last modified
1/13/2010 10:20:39 PM
Creation date
1/13/2010 10:19:24 PM
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DEEDS
Inst Number
80004996
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15 <br />8Q-- 04996 <br />the Project or cause the same to be equipped with all neces- <br />ssry and appropriate fixtures, equipment and items of personal <br />property, but not including tenant improvements, all in <br />accordance with the plans and specifications heretofore filed <br />with the lender of the Mortgage Loan, and in compliance <br />with all requirements of law. T'he Construction Management <br />Contract shall obligate the Construction Kanager in the event <br />any mechanics', materialmen's or similar liens are filed <br />with respect to the Project to take such action as is neces- <br />sary or appropriate to contest, settle or discharge any such <br />liens. The Construction Management Contract shaii pzovide <br />that the Partnership shall, to the extent possible, purchase <br />all materials to be used in the completion of construction and <br />equipping of the Project. <br />8.3.1 Pursuant to the Construction Man- <br />agement Contract, the Construction Manager shall agree with <br />and guarantee to the Partnership that the cost to the Part- <br />nership of completing the Project in accordance with the <br />Construction Management Contract (the "Construction Cost"), <br />including all amounts paid for materials and labor, but <br />e~cclusive of the fee payable to the Construction Manager <br />referred to in the next to last sentence of this Section <br />8.3.1, shall not be greater than the amount by which (A) <br />u <br />~..~ ~ <br /> <br />
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