Approval of Plans and Budgets Sample Clauses

Approval of Plans and Budgets. Any Plans submitted when completed will be a true and accurate reflection of the Project (when completed) and have been approved as required by all governmental bodies or agencies having jurisdiction over the Project or will be approved prior to the first disbursement request. The budget for construction of the Project (the “Budget”) submitted by the Property Owner to the City and the Capital Provider is an accurate current budget of all costs necessary to construct the Project in accordance with the Plans as set forth in the Construction Contract. The cost of construction of the Project is not expected to exceed the cost therefor set forth in the Budget. The Property Owner is responsible for any costs in excess of the Budget and for meeting the additional funding requirements, if any, set forth in the Schedule of Financing Terms.
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Approval of Plans and Budgets. The Plans submitted to Green Bank when completed will be a true and accurate reflection of the Project (when completed) and have been approved as required by all governmental bodies or agencies having jurisdiction or will be approved prior to the first disbursement request. The budget for construction of the Project (the “Budget”) submitted by the Borrower to Green Bank is an accurate current estimate of all costs necessary to construct the Project in accordance with the Plans and the cost of construction of the Project on any portion thereof is not expected to exceed the cost therefor set forth in the Budget. The Borrower is responsible for any costs in excess of the Budget.
Sample 1
Approval of Plans and Budgets. Any Plans submitted will be a true and accurate reflection of the Project (when completed) and have been approved as required by all governmental bodies or agencies having jurisdiction over the Project or will be approved prior to the first Disbursement of funds from the Construction Account. The budget for construction of the Project submitted by the Property Owner to the Capital Provider is attached as ATTACHMENT 1-H TO EXHIBIT H, P R O P E R T Y FIT PROJECT BUDGET (the “Budget”) and is an accurate current estimate of all costs necessary to construct the Project in accordance with the Plans as set forth in the Construction Documents. Project costs are not expected to exceed the cost set forth in the Budget; however, should costs increase, the Property Owner is responsible for any costs in excess of the Budget. The amount of equity capital the Property Owner is obligated to contribute to the Project (the “Property Owner’s Equity”) and the amount of other funding sources (“Non-P R O P E R T Y FIT Financing”) obtained for the Project is described in the Budget. In the event that the costs to complete the Project exceed the Budget the Property Owner shall be required to deposit such amounts to the Construction Account within fifteen (15) days following written notice from the Capital Provider to Property Owner of the deficit (the “Financing In Balance”) in accordance with EXHIBIT H – CONSTRUCTION FUNDING AND DISBURSEMENT AGREEMENT.
Sample 1
Approval of Plans and Budgets. The Plans prepared by Borrower shall include without limitation all infrastructure and utility systems, waterways and water features, landscaping, mechanical, electrical, structural and such other drawings as may be required to complete the Improvements in accordance with applicable building codes and any recorded plats, and any private declaration of covenants, shall be acceptable in all respects to Bank and shall be true, complete and an accurate reflection of the Improvements that Borrower will construct. Prior to approval by Bank, such Plans shall be satisfactory to and approved by Borrower and shall have also been approved by all Governmental Entities and by any architectural control committee, if any, having authority over the Property. Borrower represents that the approved budget (the "Approved Budget") attached hereto as Exhibit B is presently a good faith estimate of necessary costs and expenses to be incurred in the construction of the Improvements and that until such time as Bank approves a requested change in the Approved Budget pursuant to Section 8.5, for the construction of the Improvements and the necessary permits and approvals for the then-applicable stage of construction of the Improvements have been obtained no Construction Funds will be disbursed by the Bank for costs and expenses which are not specifically provided for in the Approved Budget.
Sample 1

Related to Approval of Plans and Budgets

  • Approval of Plans and Specifications The Plans and Specifications will conform to the requirements and conditions set out by applicable law or any effective restrictive covenant, and to all governmental authorities which exercise jurisdiction over the Leased Premises or the construction thereon.

  • Approval of Plans Landlord will not check Tenant drawings for building code compliance. Approval of the Final Plans by Landlord is not a representation that the drawings are in compliance with the requirements of governing authorities, and it shall be Tenant’s responsibility to meet and comply with all federal, state, and local code requirements. Approval of the Final Plans does not constitute assumption of responsibility by Landlord or its architect for their accuracy, sufficiency or efficiency, and Tenant shall be solely responsible for such matters.

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Approval of Plan Approval of the Plan by the Commissioner of Internal Revenue as referred to in 17.1 means a continuing approval sufficient to establish that the Plan and related trust(s) are at all times qualified and exempt from income tax under Section 401(a) and other applicable provisions of the Internal Revenue Code of 1986, and that contributions made by the Company under the Plan are deductible for income tax purposes in accordance with law. The cognizant governmental authorities referred to in 17.1 include, without limitation, the Department of Labor, the Pension Benefit Guaranty Corporation and the Securities and Exchange Commission, and their approval means their confirmation with respect to any matter within their regulatory authority that the Plan does not conflict with applicable law.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Business Plan and Budget To the extent requested by any Initial Lender, as soon as available, but in any event within thirty (30) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form satisfactory to such Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a monthly basis for the immediately following fiscal year. As to any information contained in materials filed with the SEC or furnished pursuant to Section 6.2(f), the Borrower shall not be separately required to furnish such information under Section 6.1(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.1(a) and (b) above at the times specified therein.

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • New Project Approval Consultant and District recognize that Consultant’s Services may include working on various projects for District. Consultant shall obtain the approval of District prior to the commencement of a new project.

  • Approval of Agreement The Board of Directors of the Company has authorized the execution and delivery of this Agreement by the Company and has approved this Agreement and the transactions contemplated hereby.

  • Program Budget A) Contractor will expend funds received for operation of its program and services according to Contractor’s annual operating budget. The portions of said budget, which reflect services performed or money paid to Contractor pursuant to this Agreement shall be subject to the approval of the Human Services Agency. B) In the event Contractor determines a reasonable business necessity to transfer funding between personnel and operating expenses specified in the budget submitted to the Human Services Agency the following will apply: 1. Contractor will notify the Human Services Agency of transfers that in the aggregate are between ten percent (10%) and twenty percent (20%) of the maximum contract amount. 2. Contractor will further notify the Human Services Agency of transfers that in the aggregate equal or exceed twenty percent (20%) of the maximum contract amount. In the event the Director of the Human Services Agency or her designee determines said transfer of twenty percent (20%) or more is inconsistent with the goals and objectives of the County Alcohol and Drug Services, she may require a re-negotiation of the Agreement.

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