Certificate for Payment for the Authorized Improvements Sample Clauses

Certificate for Payment for the Authorized Improvements. (a) No payment hereunder shall be made from the Project Fund to the Developer for work on an Authorized Improvement, until a Certificate for Payment is delivered by the Developer to the City with a copy to the Administrator, the Inspector, the City’s bond counsel and the City’s general counsel. Upon receipt of a Certificate for Payment substantially in the form of Exhibit C hereto (and all accompanying documentation executed by the City) from the Developer, the Inspector shall conduct a review in order to confirm that such request is complete, that the work with respect to such Authorized Improvement identified therein for which payment is requested was completed in accordance with all applicable governmental laws, rules and regulations and applicable Plans therefor and with the terms of this Agreement, the Development Agreement, and to verify and approve the Actual Cost of such work specified in such Certificate for Payment (collectively, the “Developer Compliance Requirements”). The approval of the Certificate for Payment by the Inspector shall constitute a representation by the Inspector to the City and the Trustee that the Developer Compliance Requirements have been satisfied with respect to the Authorized Improvement identified therein. The Inspector shall also conduct such review as is required in his discretion to confirm the matters certified in the Developer Compliance Requirements. The Developer agrees to cooperate with the Inspector in conducting each such review and to provide the Inspector with such additional information and documentation as is reasonably necessary for the Inspector to conclude each such review.
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