Common use of Soft Costs Clause in Contracts

Soft Costs. In the case of advances to pay the costs included in the Construction Budget that are not among the costs described in the preceding paragraph, Lender shall have received such evidence as it may require that such costs have been properly incurred and are due and payable.

Appears in 2 contracts

Sources: Project Loan Agreement (Agree Realty Corp), Project Loan Agreement (Agree Realty Corp)