Allocation of Contingency; Amendments to Construction Disbursement Budget Sample Clauses

Allocation of Contingency; Amendments to Construction Disbursement Budget. All Realized Savings shall be reallocated to the "Contingency" line item of the Construction Disbursement Budget. In addition, RIHC may allocate the "Contingency" line item and amend the Construction Disbursement Budget from time to time to reflect any changes in the amounts allocated for specific line item components of the work required to complete the Project. Any such amendment shall be in writing and shall identify with particularity the line item to be changed, the amount of the change, and, if any line item is increased, the amount from the "Contingency" line item in the Construction Disbursement Budget to be reallocated or the Additional Contributions which will be utilized to pay for the increase. In connection with any amendment providing for an increase in the Construction Disbursement Budget in excess of $50,000 RIHC shall certify (in an Officer's Certificate, as defined in the Indenture) that the following conditions have been satisfied:
Sample 1
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Allocation of Contingency; Amendments to Construction Disbursement Budget. HCS may allocate the "Contingency" line item and amend the Construction Disbursement Budget from time to time to reflect any changes in the amounts allocated for specific line item components of the work required to complete the Project; provided, that if such amendment provides for an increase in any line item in the Construction Disbursement Budget in excess of $25,000, such amendment shall require the written approval of the Independent Construction Consultant, who shall be required to approve such amendment in the manner set forth below. Any such amendment shall be in writing and shall identify with particularity the line item to be changed, the amount of the change, and, if any line item is increased, the amount from the "Contingency" line item in the Construction Disbursement Budget to be reallocated or the Equity Contributions which will be utilized to pay for the increase. The Independent Construction Consultant shall approve any amendment providing for an increase in the Construction Disbursement Budget in excess of $25,000 if, and only if, HCS certifies (in an Officer's Certificate, as defined in the Indenture), and the Independent Construction Consultant believes in its reasonable judgment, that the following conditions have been satisfied:
Sample 1

Related to Allocation of Contingency; Amendments to Construction Disbursement Budget

  • Additional Conditions to Swingline Loans If a Swingline Loan is requested, all conditions set forth in Section 2.4 shall have been satisfied.

  • Disbursement of Advance Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

  • Conditions Precedent to All Borrowings The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

  • Conditions Precedent to Each Borrowing and Issuance The obligation of each Lender to make an Advance (other than an Advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c)) on the occasion of each Borrowing and the obligation of each Issuing Bank to issue a Letter of Credit shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing or such Issuance (as the case may be) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing or Notice of Issuance and the acceptance by the Borrower of the proceeds of such Borrowing or such Issuance shall constitute a representation and warranty by the Borrower that on the date of such Borrowing or such Issuance such statements are true):

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Conditions Precedent to Each Borrowing The obligation of each Lender to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing the following statements shall be true (and each of the giving of the applicable Borrowing Notice and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Borrowing such statements are true):

  • Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.8.1 [Increased Costs Generally] or 5.8.2 [Capital Requirements] and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

  • ADDITION, DELETION OR MODIFICATION OF FUNDS The Parties hereto may agree, from time to time, to add other Funds to provide additional funding media for the Contracts, or to delete, combine, or modify existing Funds, by amending Schedule A hereto. Upon such amendment to Schedule A, any applicable reference to a Fund, AVIF, or its Shares herein shall include a reference to any such additional Fund. Schedule A, as amended from time to time, is incorporated herein by reference and is a part hereof.

  • Conditions Precedent to Each Credit Event The occurrence of each Credit Event (including the initial Borrowing) is subject to the further conditions that:

  • Conditions Precedent to Disbursement The following conditions must be satisfied before the Loan is disbursed to Borrowers:

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