Common use of Final Budget and Schedule Clause in Contracts

Final Budget and Schedule. Borrower shall submit to Lender a final sources and uses statement, including total development costs, and a detailed construction schedule that establishes time frames for meeting deadlines. The sources and uses statement and construction schedule must be submitted and deemed acceptable to Lender prior to any request for disbursement of funds.

Final Budget and Schedule. Borrower shall submit to Lender the Committee a final sources and uses statement, including total development costs, and a detailed construction schedule that establishes time frames for meeting deadlines. The sources and uses statement and construction schedule must be submitted and deemed acceptable to Lender the Committee prior to any request for disbursement of funds.