Common use of Approval by Construction Inspector Clause in Contracts

Approval by Construction Inspector. Approval of the Draw Request for such Advance by the Construction Inspector, accompanied by a certificate or report from the Construction Inspector to the effect that in its opinion, based upon on-site observations and submissions by the Contractors, the construction of the applicable Improvements to the date thereof was performed in a good and workmanlike manner and in accordance with the applicable Plans and Specifications, stating the estimated total cost of construction of the applicable Improvements, stating the percentage of in-place construction of the applicable Improvements, and stating that the remaining non-disbursed portion of the Loan and Required Equity Funds allocated for such purpose in the applicable Project Budget is adequate to complete the construction of the applicable Improvements.

Appears in 3 contracts

Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc), Credit Construction Loan Agreement (Wci Communities Inc), Credit Construction Loan Agreement (Wci Communities Inc)

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Approval by Construction Inspector. Approval of the Draw Request for such Advance by the Construction Construction­ Inspector, accompanied by a certificate or report from the Construction Inspector to the effect that in its opinion, based upon on on-site observations and submissions by the ContractorsContractor, the construction of the applicable Improvements to the date thereof was performed in a good and workmanlike manner and in accordance with the applicable Plans and Specifications, stating the estimated total cost of construction of the applicable Improvements, stating the percentage of in-place construction of the applicable Improvements, and stating that the remaining non-disbursed portion of the Construction Loan and Required Equity Funds allocated for such purpose in the applicable Project Budget is adequate to complete the construction of the applicable Improvements.;

Appears in 2 contracts

Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

Approval by Construction Inspector. Approval of the Draw Request for such Advance by the Construction Inspector, accompanied by a certificate or report from the Construction Inspector to the effect that in its opinion, based upon on on-site observations and submissions by the ContractorsContractor, the construction of the applicable Improvements to the date thereof was performed in a good and workmanlike manner and in accordance with the applicable Plans and Specifications, stating the estimated total cost of construction of the applicable Improvements, stating the percentage of in-place construction of the applicable Improvements, and stating that the remaining non-disbursed portion of the Construction Loan and Required Equity Funds allocated for such purpose in the applicable Project Budget is adequate to complete the construction of the applicable Improvements.;

Appears in 1 contract

Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

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Approval by Construction Inspector. Approval of the Draw Request for such Advance by the Construction Inspector, accompanied by a certificate or report from the Construction Inspector to the effect that in its opinion, based upon on-site observations and submissions by the ContractorsContractor, the construction of the applicable Improvements to the date thereof was performed in a good and workmanlike manner and materially in accordance with the applicable Plans and Specifications, stating the estimated total cost of construction of the applicable Improvements, stating the percentage of in-place construction of the applicable Improvements, and stating that the remaining non-disbursed portion of the Loan and Required Equity Funds allocated for such purpose in the applicable Project Budget is adequate to complete the construction of the applicable Improvements.; and

Appears in 1 contract

Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)

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