Application for Disbursement. At least sixty (60) days prior to the month in which Developer projects it will need to make a draw against the Augmentation Grant Award, Developer shall submit to LAUSD a written itemized statement(s) signed by Xxxxxxxxx (“Application”) setting forth:
Application for Disbursement. In connection with any Construction Work in connection with a Casualty Restoration costing in excess of the Threshold Amount, the Depositary shall pay to Tenant the Restoration Funds from time to time in installments as the Casualty Restoration progresses, in the manner and at the times as required by the Recognized Mortgagee most senior in lien. If there is no Recognized Mortgagee or the Recognized Mortgage has no provision relating to the disbursement of the Restoration Funds, then, subject to the provisions of Sections 8.2(a), 8.3(a), 8.3(b)(ii), 8.4 and 8.5 hereof, the Restoration Funds shall be paid to Tenant in installments as the Casualty Restoration progresses, upon application to be submitted by Tenant to Depositary and Landlord showing the cost of labor and the cost of materials, fixtures and equipment that either have (A) been incorporated in the Buildings since the last previous application and either have been paid for by Tenant or are then due and owing by Tenant, or (B) not been incorporated in the Buildings but have been purchased since the last previous application and either have been paid for by Tenant, or payment for same is then due and owing by Tenant and such material, fixtures and equipment are insured by Tenant for one hundred percent (100%) of the cost thereof and stored at a secure and safe location either on, or outside of, the Premises. Depositary shall not make any installment payment to Tenant for materials, fixtures and equipment, purchased but not yet incorporated in the Buildings, until Tenant shall have delivered to Landlord certificates of insurance evidencing that such materials, fixtures and equipment are insured for one hundred percent (100%) of the cost thereof.
Application for Disbursement. Developer shall have submitted an Application for Disbursement to Agency, in substantially the form attached hereto as Exhibit J, at least seven (7) business days prior to the requested disbursement. The Application for Disbursement shall be completed and certified to be accurate by an authorized representative of Developer. The Application for Disbursement shall specifically identify the nature of each expense for which Additional Agency Loan proceeds are being requested, by reference to items in the approved Construction Budget and Construction Contract, and shall identify the percentage of the Construction that has been completed as of the date of the Application for Disbursement. Each Application for Disbursement shall be accompanied by invoices, and as applicable change orders, from the General Contractor and/or Subcontractor(s), lien releases from the General Contractor and all Subcontractors and/or mechanic’s lien title endorsements reasonably acceptable to Agency, as described in subdivision (iii) below, and any other information and documents reasonably requested by Agency’s Executive Director.
Application for Disbursement. In connection with each application for payment Tenant shall provide Landlord: (A) a request for payment of the General Contractor approved by Tenant, in the appropriate AIA form or other form approved by Landlord showing the schedule, by trade, of percentage of completion of the Leasehold Improvements, detailing the portion of the Leasehold Improvements completed and the portion not completed, (B) copies of invoices from Tenant’s contractors for labor rendered and materials delivered to the Premises and for which payment is sought through the subject disbursement; (C) an executed mechanic’s lien release from the General Contractor with respect to the work for which payment is sought and in a form approved by Landlord, such approval not to be unreasonably withheld, conditioned or delayed, and (D) executed mechanic’s lien releases from all subcontractors with respect to all previous draws paid by Xxxxxxxx and in a form approved by Landlord, such approval not to be unreasonably withheld, conditioned or delayed (the foregoing being collectively referred to herein as an “Interim Application for Payment”). As between Landlord and Tenant, Xxxxxx’s submission of an Interim Application for Payment shall be deemed Tenant’s acceptance and approval of the portion of the Leasehold Improvements furnished and/or the materials supplied as set forth in Tenant’s payment request. Subject to the terms of this Work Letter, and provided an Interim Application for Payment is delivered on or before the 10th day of a calendar month then on or before the 30th day of such calendar month in which the Application was received (if the Interim Application for Payment is made after the 10th day of a calendar month then Landlord’s contribution shall be made on the 30th day of the following calendar month), Landlord shall deliver a check to Tenant (or directly to General Contractor if requested by Tenant) in payment of the amounts so requested by Xxxxxx, less a ten percent (10%) retention (the aggregate amount of such retentions to be known as the “Retainage”), provided that Landlord does not in good faith dispute any request for payment based on non-compliance of any Leasehold Improvements with the Finals CDs, or due to any substandard work, or for any other reasonable reason. Landlord’s payment of any Application for Payment shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s Application for Payment.
Application for Disbursement. From time to time, Grantee shall submit an Application for Disbursement to the City requesting a Disbursement for the payment of costs of labor, materials, and services supplied for the construction of the Improvements or for the payment of other costs and expenses specified in the Project Budget and allowable under the Funds Budget. The City may require an inspection of and acceptable report on the Improvements by a representative or agent of the City and/or contractor, as determined by the City, prior to making any Disbursement. Each Disbursement shall be limited to the amounts shown in the same and not exceed the aggregate of (a) the costs of labor, materials, and services incorporated into the Improvements in a manner acceptable to the City, plus (b) if approved by the City, the purchase price of all uninstalled materials to be utilized in the construction of the Improvements stored on the Property or elsewhere with the written consent of, and in a manner acceptable to, the City, less
