Cost Certificate Sample Clauses
A Cost Certificate clause defines the process by which a party, often a contractor or consultant, certifies the actual costs incurred for a project or specific work. Typically, this involves submitting a formal statement or document, sometimes verified by an independent auditor, detailing the expenses that have been accrued. The clause applies to contracts where reimbursement is based on actual costs rather than fixed prices, such as cost-plus contracts. Its core function is to provide transparency and accountability in cost reporting, ensuring that payments are made only for verified and legitimate expenses.
Cost Certificate. Upon receipt of the final audit, the designated HUD official will execute the Cost Certificate once HUD determines to its satisfaction that:
1. the expenditure of funds provided under this Grant Agreement was allowable and reasonable, as determined by the final audit;
2. the activities to be completed using Choice Neighborhoods Grant funds were completed, as required by the Grant Agreement; and
3. all Federal requirements, were satisfied.
Cost Certificate. Each Utilisation Request submitted by or on behalf of a Borrower shall be accompanied by a duly completed Cost Certificate.
Cost Certificate. A sworn certificate detailing costs and sources of funds to be utilized for the Event (“Cost Certificate”) in a form acceptable to Lender, showing an itemized breakdown of: (i) the source and amount of all Event funds, including any public or private funding; and (ii) the total cost of the Event.
Cost Certificate. On or prior to the Closing Date, you shall have received from the Company a certificate dated such Closing Date, executed by the President or a Vice President of the Company (1) giving the date of completion of construction of each Mortgaged Property, which date shall not be not earlier than the date of completion set forth in Schedule 11 hereto, (2) stating in detail the actual construction cost of each Mortgaged Property, exclusive in any such case of the cost of trade fixtures, furniture, equipment and other personal property, but including the cost of land, buildings, signs, landscaping, architectural and engineering fees, and (3) demonstrating that the aggregate principal amount of all Notes to be issued on such date does not exceed the Aggregate Total Cost of the Mortgaged Properties.
Cost Certificate. Not as a condition to closing but as a condition precedent to the first Advance, Borrower shall have delivered to Lender a cost certificate containing the total estimated hard and soft costs, and land costs, for the construction of Long Creek Phases, along with AIA Forms G702 and G703 duly signed and sworn to by Borrower and the General Contractor, with all blanks properly filled in, setting forth such details concerning construction of Long Creek Phases as Lender shall reasonably require.
Cost Certificate. The Company, through its authorized representative, hereby certifies that (a) it has paid the total amount of $ as reflected in the attached list of expenditures, (b) there exists no Event of Default on the part of the Company, as defined in the Tax Increment Financing Agreement dated as of , 2020 (the “TIF Agreement”), between the City of Brecksville, Ohio and the Company, (c) that the attached expenditures are Qualified Costs of Designated Improvements (as defined in the TIF Agreement), as further designated on the attached list of expenditures) and (d) it has complied with all requirements of the TIF Agreement in connection with the construction of those Designated Improvements.
Cost Certificate. The Phase 2 Cost Certificate shall be accompanied by the applicable completion schedule in form and applicable content acceptable to Lender which reflects a timetable and schedule for completion of the Work required for Phase 2.
Cost Certificate. Attached hereto as Exhibit "E" is a line item breakdown for Phase 2 (the "Phase 2 Cost Certificate") setting forth the cost of each class of work included in the Phase 2 Work and all incidental costs related to the Phase 2 Work, specifying which items are to be funded from the Loan and which items are to be funded from other sources. The Phase 2 Cost Certificate shall constitute a budget based upon which Construction Advances shall be made for each of the applicable line items. The Phase 2 Cost Certificate shall include a line item of at least $100,000 for Phase 2 Work (from the Loan) for contingencies which may only be disbursed with the prior written consent of Lender, which consent shall not be unreasonably withheld. Notwithstanding the foregoing and subsequent to the Closing Date, up to $10,000 of the total amount budgeted for contingences for Phase 2 Work may be disbursed without Lender's consent but shall be disclosed on the revised Phase 2
Cost Certificate. The Phase 2 Cost Certificate is accurate and complete. If Borrower determines that the Phase 2 Cost Certificate needs to be revised for any reason, including delays in construction, Borrower will immediately notify Lender of the requested change. No change to the Phase 2 Cost Certificate shall be effective without the prior written consent of Lender. Borrower shall prepare a Phase 2