Cost Breakdown and Budget. The Borrower shall submit, for approval by Lender, complete plans for the Development and a detailed cost breakdown and budget of the work entailed in the Development showing the total costs involved (both direct and indirect) (collectively, the “Development Budget”), which approval shall not be unreasonably withheld or delayed. Following approval by Lender, the Development Budget shall not be changed in any material respect without the prior written consent of Lender.
Appears in 6 contracts
Samples: Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.)
