Draw Request; Monthly Draw Package Clause Samples
POPULAR SAMPLE Copied 2 times
Draw Request; Monthly Draw Package. The Draw Request for the month shall include a Development Work cost summary spreadsheet which shall be a static financial account of all costs incurred (hard and soft) substantially in the form of the monthly draw package attached hereto as Exhibit F (as the same may be modified by any requirements of any Construction Lender that is disbursing such funds on behalf of Owner) and with which Developer shall submit (or cause the Contractor to submit) AIA documents G 702 Application for Payment (approved and notarized, where applicable, by the Architect) and G 703 Continuation Sheet for each direct contract in place, along with completed lien waivers (the “Monthly Draw Package”) and statement of any funding required from Owner.
Draw Request; Monthly Draw Package. The “Monthly Draw Package” for the month shall include (i) a Development Work cost summary spreadsheet which shall be a static financial account of all Development Costs incurred (hard and soft), (ii) AIA documents G 702 Application for Payment and G 703 Continuation Sheet, (iii) the lien waivers submitted by the Contractor and all subcontractors, (iv) a statement of any funding required from Owner and