Agreement to Complete Project. The Grantee agrees to cause the Project to be designed and constructed, as described in Exhibit A to this Agreement, and in accordance with (i) the schedule in Exhibit C to this Agreement and (ii) plans and specifications prepared by the Project Engineer and approved by the Department.
Agreement to Complete Project. 16 Section 4.2 No Warranty of Suitability by Issuer.................................... 16 Section 4.3 Completion of the Project............................................... 16
Agreement to Complete Project. The Company will use its reasonable efforts to cause the acquisition, construction and equipping of the Project to be completed as soon as practicable in accordance with such plans and specifications for the Project as the Company has caused to be prepared. The Company may cause changes or amendments to be made in such plans and specifications for the Project, provided no such change or amendment will alter the character of the Project to such an extent that it ceases to be a "project" under the SIDA Act or the IDB Act. The Issuer hereby authorizes and directs the Company to requisition disbursements of amounts in the Construction Fund to pay or reimburse the prior payment of Project Costs, all as more fully described in Section 405 of the Indenture.
Agreement to Complete Project. Pursuant to the Inducement Resolution and hereby reaffirmed, the IDB authorized the Company to commence the planning, design, acquisition, construction, improvement and equipping of the Project. In accordance with such authorization, the Company is proceeding with the acquisition, construction, improvement and equipping of the Project, which the Company shall complete as promptly as is practicable. Promptly following the issuance and sale of the IDB Bonds, the IDB will reimburse the Company for funds heretofore advanced and expenses incurred by the Company for qualifying Project Costs. The IDB has in the IDB Indenture authorized and directed the Trustee to make payments from the Construction Fund, and shall cause payments to be made from the Construction Fund for Project Costs, which shall, subject to any applicable restrictions or limitations prescribed under the Code, include:
Agreement to Complete Project. 29 Section 4.2 No Warranty of Suitability by Issuer............................30 Section 4.3 Issuer to Pursue Remedies Against Contractors, Subcontractors and Sureties...........................30 Section 4.4 Agreement to Issue Bonds; Application of Proceeds...............31 Section 4.5 Completion of the Project.......................................31 Section 4.6 Maintenance, Alterations and Improvements.......................32 Section 4.7 Taxes, Other Governmental Charges and Utility Charges...........34 Section 4.8 Insurance.......................................................35 Section 4.9 Advances........................................................35 Section 4.10
Agreement to Complete Project. Pursuant to the Inducement Agreement and hereby reaffirmed, the Issuer authorized the Company to commence the planning, design, acquisition, construction, improvement and equipping of the Project and the Company accepted such authorization. In accordance with such authorization, the Company has consummated the acquisition of the Existing Facilities and is proceeding with the acquisition, construction, improvement and equipping of the remainder of the Project, which the Company shall complete as promptly as is practicable. Promptly following the issuance and sale of the Bonds the Issuer will reimburse the Company for funds heretofore advanced and expenses incurred by the Company for qualifying Project Costs. The Issuer has in the Indenture authorized and directed the Trustee to make payments from the Construction Fund, and shall cause payments to be made from the Construction Fund for Project Costs, which shall, subject to any applicable restrictions or limitations prescribed under the Code, include:
Agreement to Complete Project. Contemporaneously with the execution and delivery hereof, the Authority shall issue the Bond to finance costs of acquisition of the Leased Property and of the design, acquisition, construction and equipping of the Project for public safety purposes. In order to effectuate the purposes of this Lease Agreement, the County, as agent for the Authority, has made, executed, acknowledged and delivered, or caused to be made, executed, acknowledged and delivered, all contracts, orders, receipts, writings and instructions, in the name of the County or otherwise, with or to other persons, firms or corporations, and in general has done or caused to be done all such other things as may be requisite or proper to design, acquire, construct and equip the Project and fulfill the obligations of the County under this Lease Agreement. THE AUTHORITY MAKES NO REPRESENTATION OR WARRANTY THAT THE COUNTY WILL HAVE QUIET AND PEACEFUL POSSESSION OF THE LEASED PROPERTY, except that the Leased Property is free from encumbrances done, made or knowingly suffered by the Authority or anyone claiming by, through or under it.
