Common use of Final Budget Clause in Contracts

Final Budget. Developer shall have submitted to Authority for its approval the detailed Final Budget for each Project of the construction and development of the applicable Project, and Authority shall have approved the Final Budget for each Project in its reasonable discretion.

Appears in 1 contract

Samples: Affordable Housing Agreement

AutoNDA by SimpleDocs

Final Budget. Developer shall have submitted to Authority Agency for its approval the an updated and final pro forma and detailed Final Budget for each Project the acquisition, Rehabilitation and operation of the construction and development Project (consistent with the Scope of the applicable ProjectDevelopment) as required by Section 206(a), and Authority Executive Director shall have approved the Final Budget for each Project in its her reasonable discretion. The use of Agency Loan proceeds shall be consistent with the approved Final Budget.

Appears in 1 contract

Samples: Affordable Housing Agreement

Final Budget. Developer shall have submitted to Authority for its approval the detailed Final Budget for each Project of the construction and development of the applicable ProjectPhase I, and Authority shall have approved the Final Budget for each Project Phase I in its reasonable discretion.

Appears in 1 contract

Samples: Affordable Housing Agreement

Final Budget. Developer shall have submitted to Authority and Agency for its their approval the a detailed Final Budget for each Project the Rehabilitation and operation of the construction and development of the applicable ProjectApartment Complex, and Authority and Agency shall have approved the Final Budget for each Project in its reasonable discretion.

Appears in 1 contract

Samples: Affordable Housing Agreement

Final Budget. Developer shall have submitted to Authority for its approval the detailed Final Budget for each Project of the construction and development of the applicable ProjectPhase II, and Authority shall have approved the Final Budget for each Project Phase II in its reasonable discretion.

Appears in 1 contract

Samples: Affordable Housing Agreement

AutoNDA by SimpleDocs

Final Budget. Developer shall have submitted to Authority for its approval the detailed Final Budget for each Project of the construction and development of the applicable Project, and Authority shall have approved the Final Budget for each the Project in its reasonable discretion.

Appears in 1 contract

Samples: Affordable Housing Agreement

Final Budget. Developer shall have submitted to Authority for its approval the an updated and final pro forma and detailed Final Budget for each Project the acquisition, Rehabilitation and operation of the construction and development Project (consistent with the Scope of the applicable ProjectDevelopment) as required by Section 206(a), and Authority shall have approved the Final Budget for each Project in its Authority’s reasonable discretion. The use of Authority Loan proceeds shall be consistent with the approved Final Budget.

Appears in 1 contract

Samples: Affordable Housing Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!