Common use of Construction Proforma Clause in Contracts

Construction Proforma. Attached hereto as Exhibit "C" and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable. The Construction Proforma contains a list, by name, of all subcontractors and material suppliers who will account for five percent or more of the cost of construction of the Apartment Housing. Also included is a trade payment breakdown specifying the cost of each classification of construction requirements pursuant to Plans and Specifications and the other Project Documents. In accordance with the Partnership Agreement, if the construction costs exceed the sum of the Capital Contributions, the proceeds of the Mortgage and the Development Fee then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit "C" and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable. The Construction Proforma contains a list, by name, of all subcontractors and material suppliers who will account for five percent or more than $25,000 of the cost of construction or renovation of the Apartment Housing. Also included is a trade payment breakdown specifying the cost of each classification of construction and renovation requirements pursuant to Plans and Specifications and the other Project Documents. In accordance with the Partnership Agreement, if the construction and renovation costs exceed the sum of the Capital Contributions, the proceeds of the Mortgage and the Development Fee Fee, residual receipts, and HUD supervised accounts, then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit "C" and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lenderthe, Mortgage lender if applicable and any governmental authorities if applicable. The Construction Proforma contains a list, by name, of all subcontractors and material suppliers who will account for five percent or more of the cost of construction of the Apartment Housing. Also included is a trade payment breakdown specifying the cost of each classification of construction requirements pursuant to Plans and Specifications and the other Project Documents. In accordance with the Partnership Agreement, if the construction costs exceed the sum of the Capital Contributions, the proceeds of the Mortgage and the Development Fee then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit "C" and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable applicable, and any governmental authorities if applicable. The Construction Proforma contains a list, by name, of all subcontractors and material suppliers who will account for five percent or more of the cost of construction of the Apartment Housing. Also included is a trade payment breakdown specifying the cost of each classification of construction requirements pursuant to Plans and Specifications and the other Project Documents. In accordance with the Partnership Agreement, if the construction costs exceed the sum of the Capital Contributions, the proceeds of the Mortgage Mortgage, and the Development Fee Fee, then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit "C" and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable. The Construction Proforma contains a list, by name, of all subcontractors and material suppliers who will account for five percent or more of the cost of construction of the Apartment Housing. Also included is a trade payment breakdown specifying the cost of each classification of construction requirements pursuant to Plans and Specifications and the other Project Documents. In accordance with the Partnership Agreement, if the construction costs exceed the sum of the Capital Contributions, the proceeds of the Mortgage and the Development Fee then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit "C" C and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction LenderMortgage lender, Mortgage lender if applicable applicable, and any governmental authorities authorities, if applicable. The Construction Proforma contains a list, by name, of all subcontractors and material suppliers who will account for five percent or more of the cost of construction of the Apartment Housing. Also included is a trade payment breakdown specifying the cost of each classification of construction requirements pursuant to Plans and Specifications and the other Project Documents. In accordance with the Partnership Agreement, if the construction costs exceed the sum of the Capital Contributions, the proceeds of the Mortgage and the Development Fee then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.

Construction Proforma. Attached hereto as Exhibit "C" and incorporated herein by this reference is the Construction Proforma. Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable. The Construction Proforma contains a list, by name, of all subcontractors and material suppliers who will account for five percent or more than $25,000 of the cost of construction of the Apartment Housing. Also included is a trade payment breakdown specifying the cost of each classification of construction requirements pursuant to Plans and Specifications and the other Project Documents. In accordance with the Partnership Agreement, if the construction costs exceed the sum of the Capital Contributions, the proceeds of the Mortgage and Mortgage, the Development Fee and residual receipts, then the General Partner shall be responsible for and shall be obligated to pay such deficiencies.