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<br />(b) A current, complete and correct list showing the name, address, telephone number
<br />and license information of each contractor, subcontractor and material supplier engaged in
<br />connection with the construction and/or rehabilitation of the Improvements, and the total dollar
<br />amount of each contract and subcontract (including any changes) and the scope of work involved,
<br />together with the amounts paid through the date of the list and all other information reasonably
<br />requested by Controlling Person;
<br />(c) True and correct copies of the most current versions of all executed contracts and
<br />subcontracts with each party identified in the list described in clause (b) above, including any
<br />changes;
<br />(d) True and correct copies of all grading, foundation, building and all other
<br />construction permits, licenses and authorizations from all applicable Governmental Authorities or
<br />third parties necessary for the construction and/or rehabilitation of the Improvements and the
<br />operation of, and access to, the Project;
<br />(e) Copies of (i) owner/architect/contractor project meeting minutes; (ii) requests for
<br />information (RFI), submittal logs, proposed change orders (PCO), and change order logs; (iii)
<br />independent test results, (iv) quality inspection reports; and (v) anticipated cost reports, buy-out
<br />logs and Major Contracts;
<br />(f) A construction schedule showing the progress of construction or rehabilitation, as
<br />the case may be, and the projected sequencing and completion times for uncompleted Work, all as
<br />of the date of the schedule; and
<br />(g) Any update to any item described above which Borrower may have previously
<br />delivered to Controlling Person.
<br />(h) Borrower expressly authorizes Controlling Person to contact Architect, Contractor
<br />or any contractor, subcontractor, material supplier, surety or any Governmental Authority to verify
<br />any information disclosed in accordance with this Section 9.14. Controlling Person shall give
<br />notice to Borrower of any such contacts, provided that neither Controlling Person nor Funding
<br />Lender shall incur any liability to Borrower by reason of the failure to give such notice, and
<br />Borrower’s obligations under the Borrower Loan Documents shall not be affected in any manner
<br />by any failure to give such notice. The Construction Contract shall require the Contractor to
<br />disclose such information to Funding Lender and Controlling Person. Any defaulting architect,
<br />contractor, subcontractor, material supplier or surety shall be promptly replaced, and Borrower
<br />shall promptly deliver all required information and documents to Controlling Person and Funding
<br />Lender regarding each replacement architect, contractor, subcontractor, material supplier and
<br />surety. Controlling Person may disapprove any architect, contractor, subcontractor, material
<br />supplier, surety or other party whom Controlling Person in its reasonable judgment may deem
<br />financially or otherwise unqualified, however, the absence of any such disapproval shall not
<br />constitute a representation of qualification.
<br />Section 9.15 Effect of Approval. Approval of any Requisition by the Controlling Person shall
<br />not constitute an approval or acceptance of the Work or materials, nor shall such approval give rise to any
<br />liability or responsibility relating to: (i) the quality of the work, the quantity of the work, the rate of progress
<br />in completion of the Work, or the sufficiency of materials or labor being supplied in connection therewith;
<br />and (ii) any errors, omissions, inconsistencies or other defects of any nature in the Plans and Specifications.
<br />Any inspection of the work that the Controlling Person may choose to make, whether through any
<br />consulting engineer or architect, agent or employee or officer, during the progress of the work shall be
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