Construction Budget and Schedule. (a) On a quarterly basis beginning in the fourth (4th) full calendar month during the Construction Phase, but no later than the end of the fourth (4th) calendar month after the receipt by Purchaser’s Manager of the most recent quarterly Construction Budget and Schedule delivered to the Management Committee under this clause (a), or as required under Section 16.3(b)(i), Owner shall prepare and submit to the Management Committee for review and approval an update of the Preliminary Budget and Schedule (such updated budget and schedule as established herein, the "Construction Budget and Schedule"). At the request of Purchaser’s Manager, Owner shall provide the Management Committee with copies of the data, invoices, price sheets and other information utilized in the preparation of the Construction Budget and Schedule, and shall make the personnel responsible for preparing the Construction Budget and Schedule available during normal business hours and upon reasonable advance notice to discuss the proposed Construction Budget and Schedule with the Management Committee.
Construction Budget and Schedule. Each Construction Budget and Schedule has been prepared in good faith and on the basis of reasonable assumptions in accordance with the Budgeting Procedures. As of the date of this Agreement and as of the date when this representation is made or deemed made, there are no material Construction Costs for an Eligible Project that are not included in the Construction Budget and Schedule for such Eligible Project.
Construction Budget and Schedule. A construction budget and schedule that sets forth (a) a preliminary budget for the construction and development of the Live-Work Units and completion of the Live-Work Project, including, but not limited to all design, construction, fees, hard costs, and other soft costs; (b) a pro forma detailing projections of total development costs (i.e., built costs, price per square foot, site costs, soft costs, developer fees) and for anticipated sales price, net proceeds, and any funding; and, (c) schedule of construction and substantial completion.
Construction Budget and Schedule. The Construction Budget and Schedule certified as such by an Authorized Officer of the Borrower and in form and substance satisfactory to the Independent Engineer.
Construction Budget and Schedule. Borrower shall have delivered to Lender a detailed budget and schedule (the “Construction Budget and Schedule”) describing the phases of construction of the Project and all anticipated Project costs, sources and uses of funds, estimates of revenues, and cash flows expected to be generated through the date of expected completion, and such other information as the Lender may reasonably require, which Construction Budget and Schedule shall be satisfactory to Lender (in consultation with the Independent Engineer). The Construction Budget and Schedule is attached hereto as Exhibit I;
Construction Budget and Schedule. (1) Not later than the fifteenth day of each quarter prior to Final Completion, the Borrower shall submit to the Administrative Agent an updated draft construction budget and schedule based upon the prior Construction Budget and Schedule then in effect.
Construction Budget and Schedule. The amount in the Designated Contractor Agreement shall be designated as the “Final Budget” and will be attached to this Work Letter as EXHIBIT “C-3”. Changes to such Final Budget shall be processed in accordance with the provisions of Paragraph 3 of this Work Letter and any such changes shall be noted in a written document amending such Final Budget. Landlord must allow Tenant to review all aspects of the Final Budget and must maintain its books and records such that Tenant may review and inspect same. Landlord and Tenant have prepared a construction schedule ("Construction Schedule") (containing certain milestone construction dates) for the Tenant Improvements to be made. Construction Schedule is attached hereto as Exhibit "C-4" and made a part hereof. Changes to the Construction Schedule shall be processed in accordance with the provisions of Paragraph 3 of this Work Letter and any such changes shall be noted in a written document amending such Construction Schedule. It is anticipated that any change to Construction Schedule processed in accordance with the provisions of this paragraph will most likely cause a corresponding change in all other dates which follow, such that the amount of time between the dates set forth on such Construction Schedule shall continue with the same time periods on any revised Construction Schedule.
Construction Budget and Schedule. The Partners have agreed to the Construction Budget and Schedule for the SVC Facility attached as Exhibit A hereto.
