Common use of Completion Report Clause in Contracts

Completion Report. 2.03 The Recipient agrees that promptly following the completion of each Component of the Project, the Recipient shall execute and deliver to FACTOR a Completion Report in form and content satisfactory to FACTOR. This Completion Report shall include, but not be limited to, information certifying the Total Eligible Costs incurred and expended, and the Recipient’s explanation in narrative form of each variance between the budgeted costs and the actual costs incurred and shall identify each separate source of public funding. Timing of Disbursements

Completion Report. 2.03 2.11 The Recipient agrees that promptly following the completion of each Component of the Project, the Recipient shall execute and deliver to FACTOR a Completion Report in form and content satisfactory to FACTOR. This Completion Report shall include, but not be limited to, information certifying the Total Eligible Costs incurred and expended, and the Recipient’s explanation in narrative form of each variance between the budgeted costs and the actual costs incurred and shall identify each separate source of public funding. Timing of Disbursements