Agreement to Accomplish Project Sample Clauses

Agreement to Accomplish Project. The Borrower will cause the Project to be acquired, constructed, expanded, renovated or equipped as described in Exhibit A and in accordance with the Project Budget and the plans, specifications and designs prepared by the Consulting Engineer and approved by the Department. The Borrower will complete the Project by the date set forth in Section 2.1(m). All plans, specifications and designs have been approved by all applicable regulatory agencies. The Borrower agrees to maintain complete and accurate books and records of the Project Costs and permit the Department through its duly authorized representatives to inspect such books and records at any reasonable time. The Borrower and the Department may amend the description of the Project set forth in Exhibit A. The Borrower will deliver to the Department a certificate signed by an Authorized Representative of the Borrower and by the Consulting Engineer stating (i) that the Project has been completed substantially in accordance with this Section, the plans and specifications as amended from time to time, as approved by the Department, and in substantial compliance with all material applicable laws, ordinances, rules and regulations, (ii) the date of such completion, (iii) that all certificates of occupancy or other material permits necessary for the Project’s use, occupancy and operation have been issued or obtained, and (iv) the amount, if any, to be reserved for payment of Project Costs.
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Agreement to Accomplish Project. Section 3.5.
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Agreement to Accomplish Project. (a) The Local Government shall cause the Project to be acquired, constructed, expanded, renovated, equipped or financed as described in Exhibit B and in accordance with the Project Budget, this Agreement, the Local Tax Document and the plans, specifications and designs prepared by the Consulting Engineer and approved by the Local Government. The Local Government shall complete, or cause to be completed, the Project by the date set forth in the certificate delivered under Section 3.4(a)(4). The Local Government shall obtain the approval of all applicable regulatory agencies to all plans, specifications and designs for the Project. The Local Government shall maintain complete and accurate books and records of the Project Costs and permit VRA or the Trustee through their representatives to inspect such books and records at any reasonable time. (b) Upon completion of the Project, the Local Government shall promptly deliver to VRA and the Trustee a certificate signed by a Local Representative and by the Consulting Engineer stating (i) that the Project has been completed substantially in accordance with this Article and in substantial compliance with all material applicable laws, ordinances, rules and regulations, (ii) the date of such completion and (iii) that all certificates of occupancy or other material permits then necessary for the use, occupancy and operation of the Related Financed Property have been issued or obtained. Such certificate shall be accompanied by a copy of the final requisition submitted to the Trustee pursuant to Section 4.3, including Schedule 1 thereto. (c) If, upon the completion of the Project, there remain in the Local Account amounts that will not be necessary to pay Project Costs, the Trustee shall apply any remaining balance at the direction of the Local Government to the payment of debt service on the Local Bond.
Sample 1
Agreement to Accomplish Project. (a) The Local Government shall cause the Project to be acquired, constructed, expanded, renovated, equipped or financed as described in Exhibit B and in accordance with the Project Budget, this Agreement, the Local Tax Document and the plans, specifications and designs approved by the Local Government. The Local Government shall complete, or cause to be completed, the Project by the date set forth in the certificate delivered under Section 3.4(a)(9). The Local Government shall obtain the approval of all applicable regulatory agencies to all plans, specifications and designs for the Project. The Local Government shall maintain complete and accurate books and records of the Project Costs and permit VRA or the Trustee through their representatives to inspect such books and records at any reasonable time. (b) Upon completion of the Project, the Local Government shall promptly deliver to VRA and the Trustee a certificate signed by a Local Representative stating (i) that the Project has been completed substantially in accordance with this Article and in substantial compliance with all material applicable laws, ordinances, rules and regulations, (ii) the date of such completion and (iii) that all certificates of occupancy or other material permits then necessary for the use, occupancy and operation of the Related Financed Property have been issued or obtained. Such certificate shall be accompanied by a copy of the final requisition submitted to the Trustee pursuant to Section 4.3, including Schedule 1 thereto. (c) If upon completion of the Project and payment of all related costs of issuance, there is a balance remaining in the Local Account, the Trustee shall apply any remaining balance at the direction of the Local Government to pay the interest component of the Rental Payments or in such other manner that is permitted under the Act and will not, in the opinion of a nationally-recognized bond counsel delivered to VRA and the Trustee, have an adverse effect on the tax status of the Related Series of VRA Bonds.
Sample 1
Agreement to Accomplish Project. The Borrower agrees to cause the Project to be completed as described in Exhibit B and in accordance with the Project Budget. The Borrower shall use its best efforts to complete the Project by the date set forth in any certificate provided to the Authority pursuant to Section 3.2(g). The Borrower agrees to maintain complete and accurate books and records of the Project Costs, including receipts, vouchers, statements, bills of sale and other evidence of actual payment of such Project Costs. The Borrower shall permit the Authority through its duly authorized representatives to inspect such books and records at any reasonable time and agrees upon the request of the Authority to provide the information called for in Exhibit E to this Agreement. The Borrower and the Authority may amend the description of the Project set forth in Exhibit B. When the Project has been completed, the Borrower shall promptly deliver to the Authority a certificate signed by an Authorized Representative of the Borrower and by the Consulting Engineer stating (i) that the Project has been completed substantially in accordance with this Section, the plans and specifications as amended from time to time, as approved by the Authority, and in substantial compliance with all material applicable laws, ordinances, rules and regulations, (ii) the date of such completion, and (iii) that all permits, consents and approvals required or necessary for the Project have been issued or obtained. To the extent the funds disbursed to the Borrower pursuant to this Agreement exceed the Project Costs, the Borrower shall have the option to either (i) prepay the Local Bond in accordance with Section 7.1 or
Sample 1
Agreement to Accomplish Project. The Recipient agrees to cause the Project to be acquired, constructed, expanded, renovated or equipped as described in Exhibit A and in accordance with plans and specifications prepared by the Consulting Engineer and approved by the Department. The Recipient shall use its best efforts to complete the Project by the date set forth in Article III of this Agreement. When the Project has been completed, the Recipient shall promptly deliver to the Department a certificate signed by the Authorized Representative and by the Consulting Engineer stating (i) that the Project has been completed substantially in accordance with the approved plans and specifications and addenda thereto, and in substantial compliance with all material applicable laws, ordinances, rules and regulations, (ii) the date of such completion, (iii) that all required certificates of occupancy and permits for operation of the Project have been issued or obtained, and (iv) the amount, if any, to be reserved for payment of the final Eligible Costs.
Sample 1
Agreement to Accomplish Project. (a) Local Government shall maintain complete and accurate books and records of the Project Costs and permit VRA or the Trustee through their duly authorized representatives to inspect such books and records at any reasonable time. In accordance with the Project Budget, the Local Government shall deposit under the Escrow Agreement a portion of the proceeds of this Agreement in an amount sufficient when invested to pay the principal of and premium, if any, and accrued interest on the Refunded 2006 XXX Xxxxx to and including the Call Date as verified in the Verification Report. (b) If, upon the completion of the Project, there remain in the Local Account amounts that will not be necessary to pay Project Costs, the Trustee shall apply any remaining balance at the direction of the Local Government to pay the interest component of the next Rental Payment or in such other manner as will not, in the opinion of nationally-recognized bond counsel delivered to VRA and the Trustee, have an adverse effect on the tax-exempt status of the Related Series of VRA Bonds.
Sample 1
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Agreement to Accomplish Project. (a) The School Board agrees to cause the Equipment to be acquired, installed and financed in accordance with the Project Budget, this Financing Lease, the Escrow Agreement and the Tax Agreement, and the School Board shall use its best efforts to complete the acquisition and installation of the Equipment by the end of the Acquisition Period. All plans, specifications and designs shall be approved by all applicable regulatory agencies. The School Board agrees to maintain complete and accurate books and records of the Project Costs and to permit the Corporation through its duly authorized representatives to inspect such books and records at any reasonable time. (b) When the acquisition and installation of the Equipment has been completed, the School Board shall promptly deliver to the Corporation and the Escrow Agent the completion certificate, in form as set forth in Exhibit C to the Bond Purchase Agreement. Such certificate shall be accompanied by a copy of the final requisition with respect to such Equipment submitted to the Escrow Agent pursuant to Section 4.3, including Schedule 1 to the Escrow Agreement. (c) Upon the completion of the acquisition and installation of the Equipment and after the payment of Project Costs, the remaining balance in the Escrow Account will be applied to the prepayment of the principal component of the Rental Payments set forth in Schedule 1.1, in inverse order of maturity, thereof, and to the prepayment of the Bond as provided in Section 3.5(c) of the Bond Purchase Agreement.
Sample 1

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