Common use of Development Budget Clause in Contracts

Development Budget. Unless otherwise approved in writing by the Department, prior to the close of any construction financing, the Sponsor shall provide to the Department for its review and approval, a copy of the construction lender(s)’ approved development budget.

Development Budget. Unless otherwise approved in writing by the Department, prior to the close of any construction financing, the Sponsor shall must provide to the Department for its review and approval, a copy of the construction lender(s)’ approved development budget.

Development Budget. Unless otherwise approved in writing by the Department, prior to the close of any construction financing, the Sponsor shall provide to the Department Department, for its review and approval, a copy of the approved development budget of the construction lender(s)’ approved development budget.