CONSTRUCTION FUNDS. Construction Funds shall be made available to Lessee upon request, no more frequently than monthly, as the restoration and repair work progresses, subject to a ten (10%) percent holdback, pursuant to certificates of an architect selected by Lessee that, in the judgment of Lessor, reasonably exercised, is highly qualified in the design and construction of the type of Facility being repaired and is otherwise reasonably acceptable to Lessor, which certificates must be in form and substance reasonably acceptable to Lessor.
Appears in 4 contracts
Samples: Agreement of Purchase and Sale (Williams Companies Inc), Master Lease (Williams Communications Group Inc), Master Lease (Williams Companies Inc)
