Independent Engineer definition
Examples of Independent Engineer in a sentence
All reasonable and documented fees and expenses of the Independent Engineer (whether the original one or replacements) shall be paid by Borrower pursuant to agreements reasonably acceptable to Borrower; provided, that no such acceptance shall be required at any time an Event of Default shall have occurred and be continuing.
Borrower shall have delivered to Lender and the Independent Engineer reasonably satisfactory evidence that amounts withdrawn from the Project Account prior to the applicable Borrowing have been or will be applied to pay Eligible Project Costs.
Notwithstanding the foregoing, Borrower shall cause an Independent Engineer to be appointed at all times during the term of the Loan.
Notice of any replacement Independent Engineer shall be given by ▇▇▇▇▇▇ to Borrower and the Independent Engineer being replaced.
At least 15 Business Days prior to the Closing Date, ▇▇▇▇▇▇ shall have received an executed certificate or other written verification reasonably satisfactory to Lender from Borrower and confirmed by the Independent Engineer verifying that $333,358,531.47 has been or will be applied to the payment of Eligible Project Costs included in the Construction Budget and incurred on or prior to the Closing Date.