Construction Disbursements Sample Clauses

Construction Disbursements. Disbursements shall be made by Lender following receipt of a Request for Disbursement, provided that, prior to the funding of the said Disbursement Borrower shall furnish the following to Lender, all of which must be in form, substance and execution satisfactory to Lender:
Sample 1
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Construction Disbursements. Beginning with the first Disbursement after the Initial Disbursement, Disbursements shall be made by Lender following receipt of a Request for Disbursement, provided that, prior to the funding of the said Disbursement Borrower shall furnish the following to Lender, all of which must be in form, substance and execution satisfactory to Lender:
Sample 1
Construction Disbursements. Each Requisition for a Construction Disbursement from the Project Fund shall be accompanied by the following items for the Individual Property with respect to which such Construction Disbursement is requested:
Sample 1
Construction Disbursements. The balance of the Construction Loan proceeds remaining to be disbursed subsequent to the initial disbursement; i.e., $4,000,000 hereinafter called "Construction Disbursements", shall be disbursed during the progress of the construction of the Improvements only on the terms and conditions hereinafter provided. The Construction Disbursements shall be made on the basis of written requests therefor submitted by Owner to Lender in the form and with such supporting documentation as are herein specified, to wit:
Sample 1
Construction Disbursements a. Subject to the conditions and upon the terms hereinafter set forth and in accordance with the terms and provisions of the C/T Note, during the Construction Period Lenders severally agree to advance Construction Disbursements to Borrower in proportion to their respective Syndication Interests in such amounts as Borrower may request from time to time by Construction Disbursement Request, so long as Borrower is in full compliance with each of the requirements and conditions precedent set forth in Articles III B and IX of this Credit Agreement. Provided, however, upon the consent of the Requisite Lenders, Lenders shall advance Construction Disbursements notwithstanding the existence of less than full compliance with the requirements of Article III B or Article IX and Construction Disbursements so made shall be deemed to have been made pursuant to this Credit Agreement.
Sample 1
Construction Disbursements 
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Related to Construction Disbursements

  • Construction Costs Under no circumstances shall the Consultant be liable for extra costs or other consequences due to unknown conditions or related to the failure of contractors to perform work in accordance with the plans and specifications. Consultant shall have no liability whatsoever for any costs arising out of the Client’s decision to obtain bids or proceed with construction before the Consultant has issued final, fully-approved plans and specifications. The Client acknowledges that all preliminary plans are subject to substantial revision until plans are fully approved and all permits obtained.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Construction Phase Part 1 –

  • Construction of the Project The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the Apartment/ Plot and accepted the floor plan, payment plan and the specification, amenities and facilities annexed along with this Agreement which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the bye-laws, FAR, and density norms and provisions prescribed by the relevant building bye-laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of this Agreement.

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