Examples of WPHC in a sentence
The Company shall engage the Construction Consultant to monitor the progress of construction of the Project and to review draw requests on behalf of WPHC.
Except for a reasonable fee to be paid pursuant to the Architect's Agreement with the approval of WPHC, no fees or other compensation, profit or cost savings shall be paid to Contractor under such agreements except the fees provided for in Article 7 below.
WPHC shall have the right to transfer a portion of WPHC's Interest in the Company (a "WPHC Permitted Transfer") to a Person (a "WPHC Permitted Transferee"), provided that WPHC at all times during the term of this Agreement shall retain an Interest in the Company of at least twenty-one percent (21%) of the total Interests in capital, income, gain, loss, deduction and credit.
If and when WPHC approves the Plans and Specifications, the Members shall initial a description of the Plans and Specifications and attach the description to this Agreement as Exhibit N.
After any such disapproval of a draw request by WPHC, all subsequent draw requests shall require the prior approval of WPHC unless and until such right to prior approval is waived in writing by WPHC.
The statements of income and loss and balance sheets to be delivered hereunder may be unaudited in the sole discretion of WPHC.
WPHC shall have received satisfactory evidence (which may be included in the title policy described in subsection (f) of these Final Closing Funding Conditions) that all real property taxes and assessments for the Project due and payable through the date of funding have been timely and fully paid.
If and when WPHC approves the revised Project Budget, the Members shall initial such Project Budget and attach it to this Agreement as Exhibit O.
WPHC shall have received and approved an updated and recertified as-built survey reasonably satisfactory to WPHC dated no more than thirty (30) days prior to the date of Final Closing, showing no encroachments or other adverse matters affecting title to the Project, except as shall be reasonably acceptable to or have been previously approved in writing by WPHC.
Notwithstanding the foregoing, no distributions shall be made at or prior to the completion of the Final Closing without the consent of WPHC.