Common use of Construction Reporting Clause in Contracts

Construction Reporting. (i) The WIFIA Lender shall have the right in its sole discretion to monitor (or direct its agents to monitor) the development of the Project, including environmental compliance, design, and construction of the Project. The City shall be responsible for administering construction oversight of the Project in accordance with applicable federal, state and local governmental requirements. The City agrees to cooperate in good faith with the WIFIA Lender in the conduct of such monitoring by promptly providing the WIFIA Lender with such Construction Contracts (together with any related contracts, side letters or other understandings) and such reports, documentation or other information as shall be requested by the WIFIA Lender or its agents, including any independent engineer reports, documentation or information. During the period beginning from the first quarter following bid advertisement of the first Construction Contract for the Project, through and until Substantial Completion of the Project, the City shall furnish to the WIFIA Lender, on a quarterly basis, a report on the status of the Project, substantially in the form of Exhibit J (Form of Quarterly Report). The report shall be executed by the City’s Authorized Representative and, for any quarter, shall be delivered to the WIFIA Lender within thirty (30) days of the following quarter (or if such day is not a Business Day, on the next following Business Day). If the then-current projection for the Substantial Completion Date is a date later than the Projected Substantial Completion Date, the City shall provide in such report a description in reasonable detail to the reasonable satisfaction of the WIFIA Lender of the reasons for such projected delay, an estimate of the impact of such delay on the capital and operating costs of the System (if any), and a certification of the City’s Authorized Representative that the new date could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Wifia Loan Agreement

AutoNDA by SimpleDocs

Construction Reporting. (i) The WIFIA Lender shall have the right in its sole discretion to monitor (or direct its agents to monitor) the development of the ProjectMaster Program, including environmental compliance, design, and construction of the ProjectProjects. The City Borrower shall be responsible for administering construction oversight of the each Project in accordance with applicable federal, state and local governmental requirements. The City Borrower agrees to cooperate in good faith with the WIFIA Lender XXXXX Xxxxxx in the conduct of such monitoring by promptly providing the WIFIA Lender with such any Construction Contracts (together with any related contracts, side letters or other understandings) and such reports, documentation or other information in each case as shall be requested by the WIFIA Lender or its agents, including any independent engineer reports, documentation or information. During the period beginning from the first quarter following bid advertisement of the first Construction Contract for the Project, through and until Substantial Completion of the each Project, the City Borrower shall furnish to the WIFIA Lender, on a quarterly basis, a report on the status of the such Project, substantially in the form of Exhibit J H (Form of Quarterly Report). The report shall be executed by the CityBorrower’s Authorized Representative and, for any quarterquarterly period, shall be delivered to the WIFIA Lender within thirty (30) days following the end of the following quarter such quarterly period (or if such day is not a Business Day, on the next following Business Day). If the then-current projection for the Substantial Completion Date of any Project is a date later than the Projected Substantial Completion DateDate of such Project, the City Borrower shall provide in such report a description in reasonable detail to the reasonable satisfaction of the WIFIA Lender of the reasons for such projected delay, an estimate of the impact of such delay on the capital and operating costs of the Wastewater System (if any), and a certification of the CityBorrower’s Authorized Representative that the new date could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Wifia Master Agreement

Construction Reporting. (i) The WIFIA Lender Credit Provider shall have the right in its sole discretion to monitor (or direct its agents to monitor) the development of the Project, including environmental compliance, design, and construction of the Project. The City Borrower shall be responsible for administering construction oversight of the Project in accordance with applicable federal, state and local governmental requirements. The City Borrower agrees to cooperate in good faith with the WIFIA Lender Credit Provider in the conduct of such monitoring by promptly providing the WIFIA Lender Credit Provider with such Construction Contracts (together with any related contracts, side letters or other understandings) and such reports, documentation or other information as shall be requested by the WIFIA Lender Credit Provider or its agents, including any independent engineer reports, documentation or information. During the period beginning from the first quarter following bid advertisement of the first Construction Contract for the Project, through and until Substantial Completion of the Project, the City Borrower shall furnish to the WIFIA LenderCredit Provider, on a quarterly basis, a report on the status of the Project, substantially in the form of Exhibit J (Form of Quarterly Construction Monitoring Report). The report shall be executed by the City’s Authorized Representative and, for any quarter, shall be delivered to the WIFIA Lender Credit Provider within thirty (30) days of the following end of each such quarter (or if such day is not a Business Day, on the next following Business Day). If the then-current projection for the Substantial Completion Date is a date later different than the Projected Substantial Completion Date, the City Borrower shall provide in such report the Construction Monitoring Report a description in reasonable detail to the reasonable satisfaction of the WIFIA Lender Credit Provider of the reasons for such projected delay, an estimate of the impact of such delay on the capital and operating costs of the System (if any), and a certification of the City’s Authorized Representative that or difference. The Projected Substantial Completion Date shall automatically be adjusted to the new date could specified by the Borrower in the Construction Monitoring Report unless the WIFIA Credit Provider objects to the adjustment in writing to the Borrower within sixty (60) days following receipt of such Construction Monitoring Report on the basis that such report does not reasonably be expected to result demonstrate the matters specified in a Material Adverse Effectthis paragraph.

Appears in 1 contract

Samples: Wifia Credit Agreement

Construction Reporting. (i) The WIFIA Lender Credit Provider shall have the right in its sole discretion to monitor (or direct its agents to monitor) the development of the Project, including environmental compliance, design, and construction of the Project. The City shall be responsible for administering construction oversight of the Project in accordance with applicable federal, state and local governmental requirements. The City agrees to cooperate in good faith with the WIFIA Lender Credit Provider in the conduct of such monitoring by promptly providing the WIFIA Lender Credit Provider with such Construction Contracts (together with any related contracts, side letters or other understandings) and such reports, documentation or other information as shall be requested by the WIFIA Lender Credit Provider or its agents, including any independent engineer reports, documentation or information. During the period beginning from the first quarter following bid advertisement of the first Construction Contract for the Project, through and until Substantial Completion of the Project, the City shall furnish to the WIFIA LenderCredit Provider, on a quarterly basis, a report on the status of the Project, substantially in the form of Exhibit J (Form of Quarterly Report). The report shall be executed by the City’s Authorized Representative and, for any quarter, shall be delivered to the WIFIA Lender within thirty Credit Provider not later than the thirtieth (3030th) days day of the following quarter (or if such day is not a Business Day, on the next following Business Day). If the then-current projection for the Substantial Completion Date is a date later than the Projected Substantial Completion Date, the City shall provide in such report a description in reasonable detail to the reasonable satisfaction of the WIFIA Lender Credit Provider of the reasons for such projected delay, an estimate of the impact of such delay on the capital and operating costs of the Wastewater System (if any), and a certification of the City’s Authorized Representative that the new date could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Wifia Credit Agreement

AutoNDA by SimpleDocs

Construction Reporting. (i) The WIFIA Lender Credit Provider shall have the right in its sole discretion to monitor (or direct its agents to monitor) the development of the Project, including environmental compliance, design, and construction of the Project. The City Borrower shall be responsible for administering construction oversight of the Project in accordance with applicable federal, state and local governmental requirements. The City Borrower agrees to cooperate in good faith with the WIFIA Lender Credit Provider in the conduct of such monitoring by promptly providing the WIFIA Lender Credit Provider with such Construction Contracts (together with any related contracts, side letters or other understandings) and such reports, documentation or other information as shall be requested by the WIFIA Lender Credit Provider or its agents, including any independent engineer reports, documentation or information. During the period beginning from the first quarter following bid advertisement of the first Construction Contract for the Project, through and until Substantial Completion of the Project, the City Borrower shall furnish to the WIFIA LenderCredit Provider, on a quarterly basis, a report on the status of the Project, substantially in the form of Exhibit J (Form of Quarterly Report). The report shall be executed by the CityBorrower’s Authorized Representative and, for any quarter, shall be delivered to the WIFIA Lender Credit Provider within thirty (30) days of the following quarter (or if such day is not a Business Day, on the next following Business Day). If the then-current projection for the Substantial Completion Date is a date later than the Projected Substantial Completion Date, the City Borrower shall provide in such report a description in reasonable detail to the reasonable satisfaction of the WIFIA Lender Credit Provider of the reasons for such projected delay, an estimate of the impact of such delay on the capital and operating costs of the System Utility (if any), and a certification of the CityBorrower’s Authorized Representative that the new date could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Wifia Credit Agreement

Construction Reporting. (i) The WIFIA Lender Credit Provider shall have the right in its sole discretion to monitor (or direct its agents to monitor) the development of the Project, including environmental compliance, design, and construction of the Project. The City shall be responsible for administering construction oversight of the Project in accordance with applicable federal, state and local governmental requirements. The City agrees to cooperate in good faith with the WIFIA Lender Credit Provider in the conduct of such monitoring by promptly providing the WIFIA Lender Credit Provider with such Construction Contracts (together with any related contracts, side letters or other understandings) and such reports, documentation or other information as shall be requested by the WIFIA Lender Credit Provider or its agents, including any independent engineer reports, documentation or information. During the period beginning from the first quarter following bid advertisement of the first Construction Contract for the Project, through and until Substantial Completion of the Project, the City shall furnish to the WIFIA LenderCredit Provider, on a quarterly basis, a report on the status of the Project, substantially in the form of Exhibit J (Form of Quarterly Report). The report shall be executed by the City’s Authorized Representative and, for any quarter, shall be delivered to the WIFIA Lender within thirty Credit Provider not later than the thirtieth (3030th) days day of the following quarter (or if such day is not a Business Day, on the next following Business Day). If the then-current projection for the Substantial Completion Date is a date later than the Projected Substantial Completion Date, the City shall provide in such report a description in reasonable detail to the reasonable satisfaction of the WIFIA Lender Credit Provider of the reasons for such projected delay, an estimate of the impact of such delay on the capital and operating costs of the Water System (if any), and a certification of the City’s Authorized Representative that the new date could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Wifia Credit Agreement

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