Compliance with Project Budget Sample Clauses

Compliance with Project Budget. The Managers shall use all reasonable efforts to act in accordance with the Project Budget as incorporated into the Project Budget (as modified by any subsequent changes agreed between Owner and the Managers) for the corresponding Operating Year. However, it is understood that each Project Budget is an estimate only and that inflation, currency fluctuation, general market conditions, changes in business plans and strategies and unforeseen circumstances may make adherence to the Project Budget impracticable, and the Managers shall be entitled to depart from it due to any such circumstances. The Managers shall promptly notify and consult with Owner regarding any substantial change from the Project Budget, and to make any necessary adjustments to the Project Budget as Owner and the Managers shall agree in light of unforeseen circumstances. Furthermore, Owner acknowledges and agrees as follows:
Sample 1Sample 2
AutoNDA by SimpleDocs
Compliance with Project Budget. Operator shall use all reasonable efforts to act in accordance with the Project Budget (as modified by any subsequent changes agreed between Owner and Operator) for the corresponding Operating Year. However, it is understood that each Project Budget is an estimate only and that inflation, currency fluctuation, general market conditions, changes in business plans and strategies and unforeseen circumstances may make adherence to the Project Budget impracticable, and Operator shall be entitled to depart from it due to any such circumstances. Operator shall promptly notify and consult with Owner regarding any substantial change from the Project Budget, and to make any necessary adjustments to the Project Budget as Owner and Operator shall agree in light of unforeseen circumstances. Furthermore, Owner acknowledges and agrees as follows:
Sample 1Sample 2
Compliance with Project Budget. All disbursements under this Agreement and the Note shall be made in accordance with the Project Budget. Material deviations from the Project Budget must be approved in advance in writing by Lender. If Lender determines, in its sole judgment, at any time while the Loan is outstanding, that the direct construction costs, plus the cost of the improvements and the estimated non- construction costs, exceed the amount of the Loan, then at the request of Lender, Borrower shall explain to Lender how the overage will be paid and will make arrangement for such payment in a manner satisfactory to Lender, before additional advances are made to Borrower. Such arrangements may include an additional cash investment by Borrower in the Construction Project. If an investment or deposits by the Borrower are required, such investment or deposits shall be made prior to any advance or additional advance by Lender of Loan proceeds.
Sample 1
Compliance with Project Budget. Notwithstanding any language in this Agreement seemingly to the contrary, all disbursements under this Agreement and the Note shall be made in accordance with the Project Budget. Deviations from the Project Budget must be approved in advance in writing by Lender, which approval shall not be unreasonably withheld. The Project Budget will be monitored monthly on a category-by-category basis. If Project Costs in an individual category exceed the amount budgeted therefore (plus ten percent (10%) thereof as contained in the contingency line item) in the Project Budget, then Borrower shall pay from sources other than the Loan the entire excess, unless a budgetary savings in the same or greater amount is realized in a different category as reasonably determined by Lender.
Sample 1
Compliance with Project Budget. Tenant must have provided Landlord with an analysis of each Tenant Improvement Draw compared to the Project Budget demonstrating that these cost to complete the remaining Leasehold Renovation Work does not exceed remaining Leasehold Improvement Funds.
Sample 1
Compliance with Project Budget. The proceeds of the NPI Borrowing shall be used for the NPI Acquisition and the proceeds of each other Borrowing shall be used to pay Approved Project Costs due and payable within forty-five (45) days of the date of such Borrowing.
Sample 1
Compliance with Project Budget. All Loan advances under the Note shall be made in accordance with the Agreement and in amounts set forth in the Project Budget. Material deviations from the Project Budget must be approved in advance in writing by Lender. If Lender determines at any time, in its sole judgment, that the direct construction costs, plus the cost of the improvements and the estimated non-construction costs, exceed the Project Cost set forth in the Project Budget, then at the request of Lender, Borrower shall explain to Lender how the overage will be paid and will immediately deposit such funds into the Construction Account. Any such deposit so required shall be made prior to any additional advance of Loan proceeds.
Sample 1
AutoNDA by SimpleDocs
Compliance with Project Budget. Each Manager shall use all reasonable efforts to act in accordance with the Project Budget (as modified by any subsequent changes agreed between Owner and the Manager) for the corresponding Operating Year. However, it is understood that each Project Budget is an estimate only and that inflation, currency fluctuation, general market conditions, changes in business plans and strategies and unforeseen circumstances may make adherence to the Project Budget impracticable, and each Manager shall be entitled to depart from it due to any such circumstances. Each Manager shall promptly notify and consult with Owner regarding any substantial change from the Project Budget for the respective Component, and to make any necessary adjustments to the Project Budget as Owner and Resort Hotel and Casino Operator shall agree in light of unforeseen circumstances. Furthermore, Owner acknowledges and agrees as follows:
Sample 1

Related to Compliance with Project Budget

  • Compliance with Policies Each Individual Limited Partner hereby agrees that he shall comply with all policies and procedures adopted by any member of the Och-Ziff Group or which Limited Partners are required to observe by law, or by any recognized stock exchange, or other regulatory body or authority.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during each calendar month of the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment B. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Construction Budget The total amount indicated by the District for the Project plus all other costs, including design, construction, administration, financing, and all other costs.

  • COMPLIANCE WITH POLICIES AND PROCEDURES During the period that Executive is employed with the Company hereunder, Executive shall adhere to the policies and standards of professionalism set forth in the policies and procedures of the Company and IAC as they may exist from time to time.

  • Compliance with Reporting Requirements The Company is subject to and in full compliance with the reporting requirements of Section 13 or Section 15(d) of the Exchange Act.

  • Compliance with Environmental Requirements 50.1 The Contractor shall provide the goods and/or Services required under the Contract in accordance with applicable laws and the Authority’s environmental policy, which is to conserve energy, water and other resources, reduce waste and phase out the use of ozone depleting substances and minimise the release of greenhouse gases, volatile organic compounds and other substances damaging to health and the environment.

  • Compliance with Orders The Company is not in violation of any material judgment, decree, or order of any court, arbitrator or other governmental authority.

  • Compliance with Rules and Policies The Executive shall perform all services in accordance with the lawful policies, procedures and rules established by the Company and the Board. In addition, the Executive shall comply with all laws, rules and regulations that are generally applicable to the Company or its subsidiaries and their respective employees, directors and officers.

  • Compliance with Record Keeping Requirements Participating Dealer agrees to comply with the record keeping requirements of the Exchange Act, including but not limited to, Rules 17a-3 and 17a-4 promulgated under the Exchange Act. Participating Dealer further agrees to keep such records with respect to each customer who purchases Primary Shares, his suitability and the amount of Primary Shares sold, and to retain such records for such period of time as may be required by the Commission, any state securities commission, FINRA or the Company.

Time is Money Join Law Insider Premium to draft better contracts faster.