Common use of COMPLETION MONEYS Clause in Contracts

COMPLETION MONEYS. In addition to the proceeds of this Loan, the Project Sponsor covenants that it has obtained, or will obtain, sufficient moneys from other sources to complete construction and place the Project in operation on, or prior to, the date specified in Article X. Failure of the Department to approve additional financing shall not constitute a waiver of the Project Sponsor's covenants to complete and place the Project in operation.

Appears in 6 contracts

Samples: Drinking Water State Revolving Fund Construction Loan Agreement, Drinking Water State Revolving Fund Construction Loan Agreement, Drinking Water State Revolving Fund Construction Loan Agreement

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COMPLETION MONEYS. In addition to the proceeds of this Loan, the Project Sponsor covenants that it has obtained, or will obtain, sufficient moneys from other sources to complete construction the Project and place the Project in operation on, or prior to, the date specified in Article X. Failure of the Department to approve additional financing shall not constitute a waiver of the Project Sponsor's covenants to complete and place the Project in operation.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Planning, Design and Construction Loan Agreement

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COMPLETION MONEYS. In addition to the proceeds of this Loan, the Project Sponsor covenants that it has obtained, or will obtain, sufficient moneys from other sources to complete construction and place the Project in operation on, or prior to, the date specified in Article X. Failure of the Department to approve additional financing shall not constitute a waiver of the Project Sponsor's covenants to complete and place the Project in operation.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Construction Loan Agreement

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