Project Costs. The Project costs are true and accurate estimates of the costs necessary to complete the Improvements in a good and workmanlike manner according to the Plans and Specifications presented by Borrower to Lender, and Borrower shall take all steps necessary to prevent the actual cost of the Improvements from exceeding the Project costs.
Appears in 9 contracts
Samples: Construction Loan Agreement (Shepherd's Finance, LLC), Construction Loan Agreement (Shepherd's Finance, LLC), Construction Loan Agreement (Shepherd's Finance, LLC)
Project Costs. The Project costs are true and accurate estimates of the costs necessary to complete the Improvements in a good and workmanlike manner according to the Plans and Specifications presented by Borrower to Lender, and Borrower shall take all steps necessary to prevent the actual cost of the Improvements improvements from exceeding the Project costs.
Appears in 2 contracts
Samples: Construction Loan Agreement (Trex Co Inc), Investment Agreement (Euroweb International Corp)
Project Costs. The Project costs are true and accurate estimates of the costs necessary to complete the Improvements in In a good and workmanlike manner according to the Plans and Specifications presented by Borrower to Lender, and Borrower shall take all steps necessary to prevent the actual cost of the Improvements from exceeding the Project costs.
Appears in 1 contract
Project Costs. The Project costs are true and accurate estimates of the costs necessary to complete the Tenant Improvements in a good and workmanlike manner according to the Plans and Specifications presented by Borrower to Lender, and Borrower shall take all steps necessary to prevent the actual cost of the Tenant Improvements from exceeding the Project costs.
Appears in 1 contract
Samples: Loan Agreement (Wells Mid-Horizon Value-Added Fund I LLC)
Project Costs. The Project costs are true and accurate estimates of the costs necessary to complete the Tenant Improvements or Capital Expenditures, as applicable, in a good and workmanlike manner according to the Plans and Specifications presented by Borrower to Lender, and Borrower shall take all steps necessary to prevent the actual cost of the Tenant Improvements or Capital Expenditures, as applicable, from exceeding the Project costs.
Appears in 1 contract
Samples: Loan Agreement (Wells Mid-Horizon Value-Added Fund I LLC)
Project Costs. The Project costs are true and accurate estimates of the costs necessary to complete the Improvements improvements in a good and workmanlike manner according to the Plans and Specifications presented by Borrower to Lender, and Borrower shall take all steps necessary to prevent the actual cost of the Improvements from exceeding the Project costs.
Appears in 1 contract
Samples: Construction Loan Agreement (Meritage Hospitality Group Inc)
