Common use of Development Budget Clause in Contracts

Development Budget. Borrower shall have prepared and Lender and Construction Consultant shall have approved the Development Budget (including both the Building Loan Budget and the Project Loan Budget) and the Disbursement Schedule.

Development Budget. Borrower shall have prepared delivered, and Lender and Construction Consultant shall have approved approved, the Development Budget (including both the Building Loan Budget and the Project Loan Budget) and the Disbursement ScheduleSchedule attached thereto, and certified by Borrower as being true, correct and complete.