Sworn Construction Statement definition

Sworn Construction Statement means a sworn construction statement, sworn to by the Borrower and the General Contractor, and of a form and substance acceptable to the Lender, a sample of which is attached hereto as Exhibit A.

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Sworn Construction Statement means a sworn construction statement attached as Exhibit D, duly executed by the Borrower and the General Contractor showing all Contractors having contracts or subcontracts for specific portions of the work on the Improvements and the amounts due or to become due each such Contractor, and including all costs and expenses of any kind incurred and to be incurred in constructing the Improvements and fulfilling the obligations of the General Contractor under the terms of the Construction Contract.10

Sworn Construction Statement means a sworn statement of the General Contractor listing by line each item of Work or Materials to be performed or furnished, itemized by category, the Contractor or Supplier performing or furnishing such Work or furnishing Materials, and the estimate of the cost of the Work to be done.

Examples of Sworn Construction Statement in a sentence

No further disbursements need be made by the Disbursing Agent unless and until the revised Sworn Construction Statement is approved.
The Lender reserves the right to approve or disapprove any revised Sworn Construction Statement in its reasonable discretion.
All disbursements will be based upon a detailed breakdown of the Project Costs as set forth in the Sworn Construction Statement attached as Exhibit A to the MLA.
The Borrower shall furnish to the Lender an updated Sworn Construction Statement setting forth the Contractor(s) providing services or materials with respect to specific portions of the construction of the Project and setting forth the amounts actually incurred and paid, or to be incurred, in completing construction of the Project.
In the event that the Borrower becomes aware of any change in the approved Project Costs, which would increase the total cost in excess of $50,000.00 above the amount shown on the attached Sworn Construction Statement, the Borrower shall immediately notify the Lender in writing and promptly submit to the Lender for its approval a revised Sworn Construction Statement.
The payment security shall be reduced or released unless the City Council has received the Developer’s Sworn Construction Statement (Interim or Final) and supporting Waivers of Bond Claims, as required by the City Code.
In the event that the Borrower becomes aware of any change in the approved Project Costs, which would increase the total cost in excess of $25,000.00 above the amount shown on the attached Sworn Construction Statement, the Borrower shall immediately notify the Lender in writing and promptly submit to the Lender for its approval a revised Sworn Construction Statement.
The Contractor shall submit on the Sworn Construction Statement the names of all suppliers and subcontractors that will provide materials, services, or labor in connection with the Work.
If required by the Lender, the Borrower shall furnish to the Lender an updated Sworn Construction Statement setting forth the Contractor(s) providing services or materials with respect to specific portions of the construction of the Project and setting forth the amounts actually incurred and paid, or to be incurred, in completing construction of the Project.
All Advances will be made in accordance with the amounts assigned to the various items in the Sworn Construction Statement and the Project Cost Statement (as amended from time to time to reflect authorized change orders), and no Advance will be made for any amount in excess of the values assigned such items in the Sworn Construction Statement and the Project Cost Statement.

More Definitions of Sworn Construction Statement

Sworn Construction Statement. A sworn construction statement duly executed by the General Contractor showing all Contractors having contracts or subcontracts for specific portions of the work on the Project, and the amounts due or to become due to each such Contractor, including all Hard Costs and expenses of any kind incurred and to be incurred in connection with the Project. (yy) “Title Company” - First American Title Insurance Company.

Sworn Construction Statement means an itemized statement or statements, executed by a Prime Contractor, showing all contractors having contracts or subcontracts for specific portions of the work on the Project for which the Prime Contractor is responsible, and the amounts due or to become due to each such contractor, including all Hard Costs and expenses of any kind incurred and to be incurred in connection with the Project.

Sworn Construction Statement means a sworn construction statement, sworn to by the Borrower and the General Contractor dated as of January 31, 2008, attached hereto as Exhibit B. Title Company means Old Republic National Title Insurance Company, a Minnesota corporation, and its successors and assigns.

Sworn Construction Statement. The form of document attached hereto as Exhibit C.