Common use of Construction Proforma Clause in Contracts

Construction Proforma. Attached hereto as Exhibit C and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable. In accordance with the Partnership Agreement, if the development costs, less the Development Fee, exceed the sum of the Capital Contributions and the proceeds of the Mortgage, then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit C "C" and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable. In accordance with the Partnership Agreement, Agreement if the development costs, less the Development Fee, exceed the sum of the Capital Contributions and the proceeds of the Mortgage, Mortgage then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit C "C" and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction LenderSecond Lender if applicable, Mortgage lender if applicable and any governmental authorities if applicable. In accordance with the Partnership Agreement, if the development costs, less the Development Fee, exceed the sum of the Capital Contributions and the proceeds of the Mortgage, Mortgage and the Second Loan then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit C and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable. In accordance with the Partnership Agreement, if the development costs, less the Development Fee, exceed the sum of the Capital Contributions and the proceeds of the Mortgage, then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit C and incorporated herein by this reference is the Construction Proforma. The Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender Lender if applicable and any governmental authorities if applicable. In accordance with the Partnership Agreement, if the development costs, less the Development Fee, exceed the sum of the Capital Contributions and the proceeds of the MortgageMortgage Loan, then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit C and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, the Mortgage lender if applicable and any governmental authorities if applicable. In accordance with the Partnership Agreement, if the development costs, less the Development Fee, exceed the sum of the Capital Contributions and the proceeds of the Mortgage, then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit C and incorporated herein by this reference is the Construction Proforma. The Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable. In accordance with the Partnership Agreement, if the development costs, less the Development Fee, exceed the sum of the Capital Contributions and the proceeds of the Mortgage, then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit C "B" and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma construction proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable. In accordance with the Partnership Agreement, if the development costs, less the Development Fee, construction costs exceed the sum of the Capital Contributions and Contributions, the proceeds of the Mortgage, Mortgage and the Development Fee then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit C and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable. In accordance with the Partnership Agreement, if the development costs, less the Development Fee, exceed the sum of the Capital Contributions and the proceeds of the Mortgage, then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.