Common use of Approval of Plans and Budgets Clause in Contracts

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.

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 District 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.

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 Energize Delaware 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.the