Common use of Completion of Project Clause in Contracts

Completion of Project. The Borrower shall complete the Project no later than the Project Completion Date. As soon as practicable after the Project Completion Date the Borrower shall furnish to the Issuer, the Servicer, the Financial Monitor, and the Trustee a Certificate of Completion containing the following: (a) The Borrower’s statement that all material terms and conditions under the Financial Monitoring Agreement have been satisfied or waived in writing by the Financial Monitor and all documents required thereunder have been delivered; (b) The Borrower’s statement that the Project has been completed and is ready and available for occupancy as of a specified date and the evidence of completion required pursuant to the Financial Monitoring Agreement; (c) The Borrower’s statement of the aggregate amount disbursed from the Project Fund upon the Project Completion Date and the additional amount, if any, expected to be required from the Project Fund to pay the remaining Project Costs; (d) The Borrower’s certification that all of the amounts disbursed from the Project Fund will be or have been applied to pay or reimburse Project Costs and that none of the amounts disbursed from the Project Fund for the Bonds will be applied to pay or reimburse costs or expenses other than Project Costs; and (e) The Borrower’s certification that 97% of the Net Proceeds of the Bonds were applied to pay or reimburse Qualified Project Costs; that not more than 3% of the Net Proceeds of the Bonds were applied to pay or reimburse Project Costs other than Qualified Project Costs; and that no more than 2% of the proceeds of the Bonds (face amount of the Bonds, less original issue discount, if any) were used to pay Costs of Issuance.

Completion of Project. The Borrower shall complete the Project no later than the Project Completion Date. As soon as practicable after the Project Completion Date the Borrower shall furnish to the Issuer, the Servicer, the Financial Monitor, and the Trustee a Certificate of Completion containing the following: (a) The Borrower’s statement that all material terms and conditions under the Financial Monitoring Agreement have been satisfied or waived in writing by the Financial Monitor and all documents required thereunder have been delivered; (b) The Borrower’s statement that the Project has been completed and is ready and available for occupancy as of a specified date and the evidence of completion required pursuant to the Financial Monitoring Agreement; (c) The Borrower’s statement of the aggregate amount disbursed from the Project Fund upon the Project Completion Date and the additional amount, if any, expected to be required from the Project Fund to pay the remaining Project Costs; (d) The Borrower’s certification that all of the amounts disbursed from the Project Fund will be or have been applied to pay or reimburse Project Costs and that none of the amounts disbursed from the Project Fund for the Bonds will be applied to pay or reimburse costs or expenses other than Project Costs; and (e) The Borrower’s certification that 97at least 95% of the Net Proceeds of the Bonds were applied to pay or reimburse Qualified Project Costs; that not more than 3% of the Net Proceeds of the Bonds were applied to pay or reimburse Project Costs other than Qualified Project Costs; and that no more than 2% of the proceeds of the Bonds (face amount of the Bonds, less original issue discount, if any) were used to pay Costs of Issuance. (f) The Borrower’s certification as to the matters set forth in the form of Certificate of Completion promulgated by the California Debt Limit Allocation Committee (“CDLAC”), including the following matters and such other matters as may be set forth in the then-current CDLAC form: (i) Project Name; (ii) CDLAC Application Number; (iii) Name of Bond Issuer; (iv) Name of Xxxxxxxx, including both original Borrower and new Borrower if there has been a change; and (v) certifications as to the Qualified Project Period as set forth in such CDLAC form of Certificate of Completion.

Completion of Project. The Borrower shall complete the Project no later than the Project Completion Date. As soon as practicable after the Project Completion Date the Borrower shall furnish to the Issuer, the Servicer, the Financial Monitor, and the Trustee a Certificate of Completion containing the following: (a) The Borrower’s statement that all material terms and conditions under the Financial Monitoring Disbursing and Servicing Agreement have been satisfied or waived in writing by the Financial Monitor Servicer and all documents required thereunder have been delivered; (b) The Borrower’s statement that the Project has been completed and is ready and available for occupancy as of a specified date and the evidence of completion required pursuant to the Financial Monitoring Disbursing and Servicing Agreement; (c) The Borrower’s statement of the aggregate amount disbursed from the Project Fund upon the Project Completion Date and the additional amount, if any, expected to be required from the Project Fund to pay the remaining Project Costs; (d) The Borrower’s certification that all of the amounts disbursed from the Project Fund will be or have been applied to pay or reimburse Project Costs and that none of the amounts disbursed from the Project Fund for the Bonds will be applied to pay or reimburse costs or expenses other than Project Costs; and (e) The Borrower’s certification that 97% of the Net Proceeds of the Bonds were applied to pay or reimburse Qualified Project Costs; that not more than 3% of the Net Proceeds of the Bonds were applied to pay or reimburse Project Costs other than Qualified Project Costs; and that no more than 2% of the proceeds of the Bonds (face amount of the Bonds, less original issue discount, if any) were used to pay Costs of Issuance.

Completion of Project. The Borrower shall complete the Project no later than the Project Completion Date. As soon as practicable after the Project Completion Date the Borrower shall furnish to the Issuer, the Servicer, the Financial Monitor, and the Trustee a Certificate of Completion containing the following:following:‌ (a) The Borrower’s statement that all material terms and conditions under the Financial Monitoring Agreement have been satisfied or waived in writing by the Financial Monitor and all documents required thereunder have been delivered; (b) The Borrower’s statement that the Project has been completed and is ready and available for occupancy as of a specified date and the evidence of completion required pursuant to the Financial Monitoring Agreement; (c) The Borrower’s statement of the aggregate amount disbursed from the Project Fund upon the Project Completion Date and the additional amount, if any, expected to be required from the Project Fund to pay the remaining Project Costs; (d) The Borrower’s certification that all of the amounts disbursed from the Project Fund will be or have been applied to pay or reimburse Project Costs and that none of the amounts disbursed from the Project Fund for the Bonds will be applied to pay or reimburse costs or expenses other than Project Costs; and; (e) The Borrower’s certification that 97at least 95% of the Net Proceeds of the Bonds were applied to pay or reimburse Qualified Project Costs; that not more than 3% of the Net Proceeds of the Bonds were applied to pay or reimburse Project Costs other than Qualified Project Costs; and that no more than 2% of the proceeds of the Bonds (face amount of the Bonds, less original issue discount, if any) were used to pay Costs of Issuance; and (f) The Borrower’s certification as to the matters set forth in the form of Certificate of Completion promulgated by the California Debt Limit Allocation Committee (“CDLAC”), including the following matters and such other matters as may be set forth in the then-current CDLAC form: (i) Project Name; (ii) CDLAC Application Number; (iii) Name of Xxxx Issuer; (iv) Name of Xxxxxxxx, including both original Borrower and new Borrower if there has been a change; and (v) certifications as to the Qualified Project Period as set forth in such CDLAC form of Certificate of Completion.

Completion of Project. The Borrower shall complete the Project no later than the Project Completion Date. As soon as practicable after the Project Completion Date the Borrower shall furnish to the Issuer, the Servicer, the Financial Monitor, and the Trustee a Certificate of Completion containing the following:the (a) The Borrower’s statement that all material terms and conditions under the Financial Monitoring Disbursing and Servicing Agreement have been satisfied or waived in writing by the Financial Monitor Servicer and all documents required thereunder have been delivered; (b) The Borrower’s statement that the Project has been completed and is ready and available for occupancy as of a specified date and the evidence of completion required pursuant to the Financial Monitoring Disbursing and Servicing Agreement; (c) The Borrower’s statement of the aggregate amount disbursed from the Project Fund upon the Project Completion Date and the additional amount, if any, expected to be required from the Project Fund to pay the remaining Project Costs; (d) The Borrower’s certification that all of the amounts disbursed from the Project Fund will be or have been applied to pay or reimburse Project Costs and that none of the amounts disbursed from the Project Fund for the Bonds will be applied to pay or reimburse costs or expenses other than Project Costs; and (e) The Borrower’s certification that 97% of the Net Proceeds of the Bonds were applied to pay or reimburse Qualified Project Costs; that not more than 3% of the Net Proceeds of the Bonds were applied to pay or reimburse Project Costs other than Qualified Project Costs; and that no more than 2% of the proceeds of the Bonds (face amount of the Bonds, less original issue discount, if any) were used to pay Costs of Issuance.

Completion of Project. The Borrower shall complete the Project no later than the Project Completion Date. As soon as practicable after the Project Completion Date the Borrower shall furnish to the Issuer, the Servicer, the Financial Monitor, and the Trustee a Certificate of Completion containing the following: (a) The Borrower’s statement that all material terms and conditions under the Financial Monitoring Agreement have been satisfied or waived in writing by the Financial Monitor and all documents required thereunder have been delivered; (b) The Borrower’s statement that the Project has been completed and is ready and available for occupancy as of a specified date and the evidence of completion required pursuant to the Financial Monitoring Agreement; (c) The Borrower’s statement of the aggregate amount disbursed from the Project Fund upon the Project Completion Date and the additional amount, if any, expected to be required from the Project Fund to pay the remaining Project Costs; (d) The Borrower’s certification that all of the amounts disbursed from the Project Fund will be or have been applied to pay or reimburse Project Costs and that none of the amounts disbursed from the Project Fund for the Bonds will be applied to pay or reimburse costs or expenses other than Project Costs; andnone (e) The Borrower’s certification that 97% of the Net Proceeds of the Bonds were applied to pay or reimburse Qualified Project Costs; that not more than 3% of the Net Proceeds of the Bonds were applied to pay or reimburse Project Costs other than Qualified Project Costs; and that no more than 2% of the proceeds of the Bonds (face amount of the Bonds, less original issue discount, if any) were used to pay Costs of Issuance.