Final Project Report and Development Budget Sample Clauses
The "Final Project Report and Development Budget" clause requires the submission of a comprehensive report detailing the outcomes and financial expenditures of a project upon its completion. Typically, this involves providing a summary of project achievements, challenges encountered, and a breakdown of how funds were allocated and spent throughout the development process. By mandating this documentation, the clause ensures transparency and accountability, allowing stakeholders to assess project performance and verify that resources were used appropriately.
Final Project Report and Development Budget. The provisions of Section 2.1.14 of the Building Loan Agreement are incorporated herein by reference as if fully set forth herein.
Final Project Report and Development Budget. Attached hereto as Schedule II is Borrower’s detailed and definitive budget of all Project-Related Costs to be incurred by Borrower during the Construction Term and that will be disbursed out of Loan proceeds subject to availability and satisfaction of all applicable conditions to Advances hereunder and under the Project Loan Agreement, being so indicated, delineated by each category of Project-Related Costs (each a “Line Item” or “Budget Line”) and further broken down to segregate Building Loan Costs and Project Loan Costs, which budget has been approved by Lender and Construction Consultant (the “Development Budget”). The portion of the Development Budget that includes only Building Loan Costs is referred to herein as the “Building Loan Budget” and the portion of the Development Budget that includes only Project Loan Costs is referred to herein as the “Project Loan Budget.”