Approval by Construction Inspector. Approval of the Draw Request for such Advance by the Construction Inspector, accompanied by a certificate or report from the Construction Inspector to the effect that in its opinion, based upon on-site observations and submissions by the Contractors, the construction of the applicable Improvements to the date thereof was performed in a good and workmanlike manner and in accordance with the applicable Plans and Specifications, stating the estimated total cost of construction of the applicable Improvements, stating the percentage of in-place construction of the applicable Improvements, and stating that the remaining non-disbursed portion of the Loan and Required Equity Funds allocated for such purpose in the applicable Project Budget is adequate to complete the construction of the applicable Improvements.
Appears in 3 contracts
Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc), Revolving Credit Construction Loan Agreement (Wci Communities Inc), Revolving Credit Construction Loan Agreement (Wci Communities Inc)
Approval by Construction Inspector. Approval of the Draw Request for such Advance by the Construction Construction Inspector, accompanied by a certificate or report from the Construction Inspector to the effect that in its opinion, based upon on on-site observations and submissions by the ContractorsContractor, the construction of the applicable Improvements to the date thereof was performed in a good and workmanlike manner and in accordance with the applicable Plans and Specifications, stating the estimated total cost of construction of the applicable Improvements, stating the percentage of in-place construction of the applicable Improvements, and stating that the remaining non-disbursed portion of the Construction Loan and Required Equity Funds allocated for such purpose in the applicable Project Budget is adequate to complete the construction of the applicable Improvements.;
Appears in 2 contracts
Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)
Approval by Construction Inspector. Approval of the Draw Request for such Advance by the Construction Inspector, accompanied by a certificate or report from the Construction Inspector to the effect that in its opinion, based upon on on-site observations and submissions by the ContractorsContractor, the construction of the applicable Improvements to the date thereof was performed in a good and workmanlike manner and in accordance with the applicable Plans and Specifications, stating the estimated total cost of construction of the applicable Improvements, stating the percentage of in-place construction of the applicable Improvements, and stating that the remaining non-disbursed portion of the Construction Loan and Required Equity Funds allocated for such purpose in the applicable Project Budget is adequate to complete the construction of the applicable Improvements.;
Appears in 1 contract
Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)
Approval by Construction Inspector. Approval of the Draw Request for such Advance by the Construction Inspector, accompanied by a certificate or report from the Construction Inspector to the effect that in its opinion, based upon on-site observations and submissions by the ContractorsContractor, the construction of the applicable Improvements to the date thereof was performed in a good and workmanlike manner and materially in accordance with the applicable Plans and Specifications, stating the estimated total cost of construction of the applicable Improvements, stating the percentage of in-place construction of the applicable Improvements, and stating that the remaining non-disbursed portion of the Loan and Required Equity Funds allocated for such purpose in the applicable Project Budget is adequate to complete the construction of the applicable Improvements.; and
Appears in 1 contract
Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)