Common use of Limitation of Project Expenditures Clause in Contracts

Limitation of Project Expenditures. The acquisition and construction of the Project were not commenced (within the meaning of Section 144(a) of the Code) prior to the 60th day preceding the adoption of the resolution of the Governmental Lender with respect to the Project on October 17, 2017, and no obligation for which reimbursement will be sought from proceeds of the Funding Loan relating to the acquisition or construction of the Project was paid or incurred prior to 60 days prior to such date, except for permissible “preliminary expenditures”, which include architectural, engineering surveying, soil testing, construction bond issuance and similar costs incurred prior to the commencement of construction or acquisition of the Project.

Limitation of Project Expenditures. The acquisition and construction of the Project were not commenced (within the meaning of Section 144(a) of the Code) prior to the 60th day preceding the adoption of the resolution of the Governmental Lender with respect to the Project on October 17March 21, 2017, and no obligation for which reimbursement will be sought from proceeds of the Funding Loan relating to the acquisition or construction of the Project was paid or incurred prior to 60 days prior to such date, except for permissible “preliminary expenditures”, which include architectural, engineering surveying, soil testing, construction bond issuance and similar costs incurred prior to the commencement of the acquisition and construction or acquisition of the Project.

Limitation of Project Expenditures. The acquisition and construction of the Project were not commenced (within the meaning of Section 144(a) of the Code) prior to the 60th day preceding the adoption of the resolution of the Governmental Lender with respect to the Project on October 17January 19, 20172021, and no obligation for which reimbursement will be sought from proceeds of the portion of the Funding Loan evidenced by the Tax-Exempt Governmental Lender Note relating to the acquisition or construction of the Project was paid or incurred prior to 60 days prior to such date, except for permissible “preliminary expenditures”, which include architectural, engineering surveying, soil testing, construction reimbursement bond issuance and similar costs incurred prior to the commencement of the acquisition and construction or acquisition of the Project.

Limitation of Project Expenditures. The acquisition acquisition, construction and construction equipping of the Project were not commenced (within the meaning of Section 144(a) of the Code) prior to the 60th sixtieth day preceding the adoption provision of the resolution of an inducement letter from the Governmental Lender with respect to the Project on October 17May 20, 20172016, and no obligation for which reimbursement will be sought from proceeds of the Funding Loan relating to the acquisition acquisition, construction or construction equipping of the Project was paid or incurred prior to 60 days prior to such date, except for permissible “preliminary expenditures”, ,” which include architectural, engineering surveying, soil testing, construction reimbursement bond issuance and similar costs incurred prior to the commencement of construction or acquisition of the Project.