Common use of Construction Progress Report Clause in Contracts

Construction Progress Report. The Financing Parties shall have received from the Borrower the most recent Construction Progress Report substantially in the form of Exhibit E and required to be delivered pursuant to Section 10.01(r). If any Construction Progress Report shall have indicated the absence of Material Compliance with the original Ramp and Capital Costs Budget delivered pursuant to Section 6.01(g) or the Ramp Schedule, Ex-Im Bank shall be satisfied in its reasonable discretion that Total Funding Available is adequate for the Borrower to achieve Phase I Completion by the Date Certain.

Construction Progress Report. The Financing Parties shall have received from the Borrower the most recent Construction Progress Report substantially in the form of Exhibit E and required to be delivered pursuant to Section 10.01(r). If any Construction Progress Report shall have indicated the absence of Material Compliance with the original Ramp and Capital Costs Budget delivered pursuant to Section 6.01(g) or the Ramp Schedule, Ex-Im Bank shall be satisfied in its reasonable discretion that Total Funding Available is adequate for the Borrower to achieve Phase I II Completion by the Date Certain.