Approval of Final Draw Request Sample Clauses

Approval of Final Draw Request. Except as provided in Section 5, one-half of the Agency Loan Retention (i.e., 10% of the Agency Loan) shall be disbursed to Borrower by Agency upon the submission by Borrower of documentation of the final cost of completing the Project, and the following (referred to as the “Completion”): (a) issuance of a certificate of occupancy for the Project by the City of San Diego, (b) recordation of a Notice of Completion,
Sample 1
AutoNDA by SimpleDocs
Approval of Final Draw Request. Subject to any additional conditions set forth in the Construction Loan Agreement (which shall not, in any event, apply to any disbursement of the Agency Funds), the Retention on the construction contract shall be disbursed to Borrower upon the submission by Borrower of documentation of the final cost of completing the Project, and Completion; provided, however, that notwithstanding the foregoing and notwithstanding the provision of any other document, any Retention shall not be disbursed until at least thirty-five (35) days after the Notice of Completion has been recorded.
Sample 1
Approval of Final Draw Request. Except as provided in Section 5, any City Loan retention shall be disbursed to Borrower by City upon the submission by Borrower of documentation of the final cost of completing the Project, and the following (referred to as the “Completion”): (a) issuance of a certificate of occupancy for the Project by the City of San Diego, (b) recordation of a Notice of Completion, (c) submission to the City of unconditional lien releases or waivers obtained by Borrower or Borrower’s agent, (d) certification by the project architect that the Project has been completed in a good and workmanlike manner and in accordance with the approved plans and specifications, (e) disposition of any mechanic’s liens that have been recorded or stop notices that have been delivered to either City or Construction Lender, so that any such liens shall have been paid, settled, bonded around or otherwise extinguished or discharged and the Lenders have been provided satisfactory evidence of such payment, settlement, bond or discharge, including without limitation all statutory waivers, and (f) issuance by the City of its Release of Construction Covenants pursuant to the DDA.
Sample 1

Related to Approval of Final Draw Request

  • Application Approval Our representative will notify you (or one of you, if there are co-applicants) of the Application approval, execute the Lease agreements for signature prior to occupancy, and, once complete, credit the application deposit of all applicants toward the required security deposit.

  • Approval of Agreement The Board of Directors of the Company has authorized the execution and delivery of this Agreement by the Company and has approved this Agreement and the transactions contemplated hereby.

  • Request for clarification of the report 1. Within 10 days of the release of the report, either of the disputing Parties may submit a written request to the Panel, a copy of which shall be sent to the other Party, for clarification of any items the Party considers requires further explanation or definition. 2. The Panel shall respond to the request within 10 days following the submission of such request. The clarification of the Panel shall only be a more precise explanation or definition of the original contents of the report, and not an amendment of such report. 3. The filing of this request for clarification will not postpone the effect of the Panel report nor the deadline for compliance of the adopted decision, unless the Panel decides otherwise.

  • Request for a Panel 1. Unless the Parties agree on a different period for consultations, a complaining Party may request in writing the establishment of a Panel if the consultation referred to in the Article 176 (Consultations) fails to resolve a matter within 60 days, after the date of receipt of the request for consultations or 50 days in case of urgent matters. 2. The complaining Party shall deliver the request to the other Party, indicating at least, the reason of the request, the identification of the measure, an indication of the provision of this Agreement that it considers relevant and an indication of the legal basis of the complaint. The Panel will be considered as established on the date of receipt of the corresponding request to the other Party. 3. Unless otherwise agreed by the disputing Parties, the Panel shall be selected and perform its functions in a manner consistent with the provisions of this Chapter.

  • Waiver of FOIA Request The defendant waives all of his rights, whether asserted directly or by a representative, to request or receive from any department or agency of the United States any records pertaining to the investigation or prosecution of this case including, without limitation, any records that may be sought under the Freedom of Information Act, 5 U.S.C. § 552, or the Privacy Act of 1974, 5 U.S.C. § 552a.

  • Modification and Withdrawal of Tenders 2.19.1 The tenderer may modify or withdraw its tender after the tender’s submission, provided that written notice of the modification, including substitution or withdrawal of the tenders, is received by the Procuring Entity prior to the deadline prescribed for submission of tenders.

  • Application for approval 3.1. The application for approval of a vehicle type with regard to braking shall be submitted by the vehicle manufacturer or by his duly accredited representative.

  • Approval/Non-Approval We will notify you whether your Application has been approved or denied within 14 days after the date we receive a completed Application. Notification may be in person or by mail or telephone unless you have requested that notification be by mail. You must not assume approval until you receive actual notice of approval. The 14-day time period may be changed only by separate written agreement.

  • Modification and Withdrawal of Bids 22.1 Bidders may modify or withdraw their bids by giving notice in writing before the deadline prescribed in Clause 20.

  • State Approval of Replacement Personnel The Engineer may not replace the project manager or key personnel without prior consent of the State. The State must be satisfied that the new project manager or other key personnel is qualified to provide the authorized services. If the State determines that the new project manager or key personnel is not acceptable, the Engineer may not use that person in that capacity and shall replace him or her with one satisfactory to the State within forty-five (45) days.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!