Grant and Loan Reimbursement Conditions Sample Clauses

Grant and Loan Reimbursement Conditions. Upon the Developer's satisfactory completion of the Eligible Activities described in Exhibit B, as amended or supplemented, pursuant to this Agreement and the Grant and Loan Agreements, and approved by EGLE, the CBRA shall reimburse the Developer subject to and in accordance with the terms set forth in this Agreement. The CBRA will contract with a qualified environmental consultant to assist the CBRA and Developer in contractor procurement, environmental compliance, reporting and meeting Grant and Loan Contract obligations. The Developer shall have sole responsibility to pay the Developer’s Contractors for completion of such Eligible Activities and provide proof of payment. If the Developer incurs any expenses or costs for any activities other than the Eligible Activities or if the costs exceed the maximum cost of Grant and Loan Eligible Activities as set forth in the Grant and Loan Agreements, or approval of the EGLE or the CBRA, the Developer shall bear such excess costs without any obligation on the part of CBRA. If the costs of Eligible Activities set forth in Exhibit B, as amended or supplemented, are less than such maximum cost, then the Developer shall have no further right of reimbursement beyond its actual costs. The following is the process by which the CBRA will reimburse Grant and Loan Eligible Activity expenses to the Developer:
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Related to Grant and Loan Reimbursement Conditions

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