Approval of Phase Budget Sample Clauses

Approval of Phase Budget. Prior to the commencement of any ------------------------ construction hereunder, Builder shall submit to Owner, for Owner's review and reasonable approval, the proposed cost breakdown schedule for the development of the first "Phase" of Homes (as defined in Paragraph 8 hereof) and related improvements (the "Phase Budget" herein). Within Five (5) business days following receipt by Owner of the proposed Phase Budget, Owner shall notify Builder of Owner's approval or disapproval of the same, which approval Owner shall not unreasonably withhold. Failure of Owner to notify Builder in writing within five (5) business days of the disapproval of any item in the Phase Budget, the Phase Budget as submitted by Builder shall be deemed to be approved. If all or any portion of the proposed Phase Budget is disapproved, the parties shall meet as soon as reasonably practicable thereafter to endeavor in good faith to reach agreement on the Phase Budget. Builder shall not make any commitment or contract which is materially (more than 10%) more in cost for a line item than as set forth for said line item in the Phase Budget as it may be amended from time to time without the prior written consent of Owner which consent Owner shall not unreasonably withhold. Builder shall submit to Owner a new Phase Budget for each Phase of the Project which new Phase Budget shall be reviewed and reasonably approved by Owner and followed by Builder as provided herein.
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Related to Approval of Phase Budget

  • APPROVAL OF PLANS AND SPECIFICATIONS The Plans and Specifications will conform to the requirements and conditions set out by applicable law or any effective restrictive covenant, and to all governmental authorities which exercise jurisdiction over the Leased Premises or the construction thereon.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Initial Budget The initial Budget shall be agreed upon by the parties before the execution of this Management Services Agreement and shall be attached hereto and made a part hereof.

  • Project Budget The budget approved by Member Consent for the acquisition, construction, development, marketing and financing of the Project. The initial Project Budget is attached hereto as Exhibit G.

  • 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.

  • Approval of Plan This Plan will become effective with respect to a particular Fund on the date the public offering of Class C Shares of such Fund commences upon the approval by a majority of the Board of Directors, including a majority of those directors who are not “interested persons” (as defined in the 0000 Xxx) of the Company and who have no direct or indirect financial interest in the operation of the Plan or in any agreements entered into in connection with the Plan (the “Disinterested Directors”), pursuant to a vote cast in person at a meeting called for the purpose of voting on the approval of the Plan.

  • Approval and Completion If any dispute regarding the design of the Tenant Improvements is not settled within 10 business days after notice of such dispute is delivered by one party to the other, Tenant may make the final decision regarding the design of the Tenant Improvements, provided (i) Tenant acts reasonably and such final decision is either consistent with or a compromise between Landlord’s and Tenant’s positions with respect to such dispute, (ii) that all costs and expenses resulting from any such decision by Tenant shall be payable out of the TI Fund (as defined in Section 5(d) below), and (iii) Tenant’s decision will not affect the base Building, structural components of the Building or any Building systems (in which case Landlord shall make the final decision). Any changes to the TI Construction Drawings following Landlord’s and Tenant’s approval of same requested by Tenant shall be processed as provided in Section 4 hereof.

  • Project Schedule Contractor shall perform the Work in accordance with the Project Schedule.

  • Approval of Plans Landlord will not check Tenant drawings for building code compliance. Approval of the Final Plans by Landlord is not a representation that the drawings are in compliance with the requirements of governing authorities, and it shall be Tenant’s responsibility to meet and comply with all federal, state, and local code requirements. Approval of the Final Plans does not constitute assumption of responsibility by Landlord or its architect for their accuracy, sufficiency or efficiency, and Tenant shall be solely responsible for such matters.

  • Timeline a. Year 1: 20[***] (spring) plant SG and evaluate herbicides. CERES-NOBLE Schedule BMP for switchgrass Confidential Treatment Requested and the Redacted Material has been separately filed with the Commission

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