Agreement to Complete the Project. The Borrower agrees to complete, or cause to be completed, the Project with all reasonable dispatch in accordance with the Project Plans and Specifications. If the moneys in the Project Fund shall be insufficient to pay the costs of completing the Project, the Borrower shall nevertheless complete the same and shall be responsible for causing the costs thereof to be paid. The Borrower shall procure any and all building permits, use and occupancy permits, public service commission approvals, and other permits, licenses and authorizations necessary for the construction, completion, occupancy and use of the Project.
Agreement to Complete the Project. 10 Section 4.03. Manner of Procuring Disbursements from the Cost of Issuance Fund. 10
Agreement to Complete the Project. The Governmental Unit hereby agrees that to effectuate the purposes of this Loan Agreement and to effectuate the completion of the Project, it shall make, execute, acknowledge and transmit any contracts, orders, receipts, writings and instructions with any other persons, firms or corporations and, in general, do all things which may be requisite or proper to complete the Project. The Governmental Unit agrees to complete the Project through the application of moneys to be disbursed from the Program Account pursuant to Section 6.2 of this Loan Agreement.
Agreement to Complete the Project. The Borrower agrees to complete, or cause to be completed, the Project with all reasonable dispatch in accordance with the Project Plans and Specifications. If the moneys in the Project Fund shall be insufficient to pay the costs of completing the Project, the Borrower shall nevertheless complete the same and shall be responsible for causing the costs thereof to be paid. The Borrower shall procure any and all building permits, use and occupancy permits, public service commission approvals, and other permits, licenses and authorizations necessary for the construction, completion, occupancy and use of the Project. [Until the Completion Date, the Borrower shall engage a Construction Monitor to provide an initial cost and draw review, to monitor Project construction, to sign-off on requisitions for Project Costs in excess of $100,000 and to provide to the Trustee and the Issuer monthly construction updates on all aspects of construction, as specified in the Transaction Documents. The Trustee and the Issuer shall have no duty or obligation to review such construction updates. Such monthly construction updates shall include, at a minimum: (i) current draw down information, (ii) comparison of actual Project Costs with the construction budget, (iii) assessment of the overall construction progress of the Project since the date of the last report and setting forth a reasonable estimate as to the Completion Date for the Project, (iv) description of any material problems (including material cost overruns, if any) encountered or anticipated in connection with such works, (v) description of any Change Orders including the total cost thereof, (vi) a discussion of sufficiency of funds, and (vii) the currently estimated Completion Date. The Construction Monitor shall have access to all documents and personnel as may be reasonably necessary (as determined by the Construction Monitor) and available to perform the scope of work set forth in the Construction Monitor Contract.]4
Agreement to Complete the Project. The Borrower agrees that it will cause acquisition and construction of the Project to be completed as promptly as practicable. A portion of the proceeds of the Note will be applied to pay Project Costs. The Borrower agrees to provide other funds as needed to complete the acquisition and construction of the Project.
Agreement to Complete the Project. The Borrower agrees that it will exercise due diligence to complete, or cause to be completed, the Project as promptly as practicable after receipt by the Trustee of proceeds from the sale of the Notes. Upon the deposit by the Authority in the Project Fund of the proceeds of the Project Note Portion, the Borrower will pay at least $68,000,000 of Project Costs with the Borrower's Contribution and furnish the Authority with evidence acceptable to the Authority of such payment. In the event that the Project Costs are less than $172,000,000, the Project Note Portion shall be reduced by the amount that the Project Costs are less than $172,000,000.
Agreement to Complete the Project. Company Required to Pay in Event Project Fund Insufficient. The Company, as independent contractor and not as agent of the Issuer, agrees to complete the acquisition, construction and installation of the Project with all reasonable dispatch in accordance with the plans and specifications for the Project, if any. In the event the moneys in the Project Fund available for the Project are not sufficient for the Project, the Company agrees to provide such funds and to pay the amount in excess of the moneys available therefor in the Project Fund. The Issuer does not make any warranty, either express or implied, that the moneys paid into the Project Fund will be sufficient for such purpose. The Company agrees that if after exhaustion of the moneys in the Project Fund, the Company should pay any amount to finance the construction and equipping of the Project pursuant to the provisions of this Section, the Company shall not be entitled to any reimbursement therefor from the Issuer, the Trustee or the Bondholders, nor shall the Company be entitled to any diminution of the amounts payable under Section 5.2 hereof.
Agreement to Complete the Project. Xxxxxxx agrees to complete the rehabilitation, acquisition and installation of the Project with all reasonable dispatch in accordance with the Project plans and specifications and the Completion Schedule attached hereto as Exhibit D. If the Grant amount is insufficient to pay the costs of completing the Project, Grantee will complete the Project in accordance with the Completion Schedule attached hereto as Exhibit D and will be responsible for causing the costs thereof to be paid. Grantee will procure any and all building permits, use and occupancy permits, and other permits, licenses and authorizations necessary for the completion, occupancy and use of the Project.
Agreement to Complete the Project. So long as this Lease is not terminated by an Event of Nonappropriation or an Event of Default, the City hereby agrees that it will make all contracts, take all other actions and do all things necessary for the construction and equipping of the Project and, in connection therewith, and in addition thereto, will comply with all applicable provisions of State and local law. The City shall cause the Project to be constructed and equipped as herein provided and as provided in the Agreement to Construct. Construction and equipping of the Project shall be in accordance with the Plans and Specifications and the Agreement to Construct, subject to reasonable change orders or any other reasonable changes approved by the City. So long as this Lease is in full force and effect and no Event of Nonappropriation or Event of Default shall have occurred, the City shall have full power to carry out the acts and agreements provided in this Section 5.01, and such power is granted and conferred under this Lease to the City, and is accepted by the City and shall not be terminated or restricted by act of the Trustee, except as provided in this Section 5.01. The City agrees to construct and equip the Project with all reasonable dispatch through the application of moneys to be disbursed by the Trustee from the Construction Fund. If for any reason the Project is not constructed and equipped by the Completion Date there shall be no resulting liability on the part of the City or Event of Default hereunder, and there shall be no diminution in or postponement of the Base Rentals and Additional Rentals required to be paid by the City during the Lease Term. However, in the event that the Trustee shall not receive a certificate to the effect that the Project shall have been constructed and equipped, as required in Section 5.05 of this Lease, by the Completion Date, and unless the City opts to complete the construction and equipping of the Project and submits a reasonable schedule of completion to the Trustee, the Trustee, shall, upon 30 days written notice to the City, be authorized, but not required, to construct and equip the Project from any moneys remaining in the Construction Fund.
