Common use of Monthly Progress Report Clause in Contracts

Monthly Progress Report. To the TIFIA Lender, for each calendar month during the Construction Period, a report executed by a Xxxxxxxx’s Authorized Representative, on or before the 15th day of the second (2nd) calendar month succeeding such calendar month covered by the report, that (A) specifies the amount of Total Project Costs expended since the Effective Date as well as during the calendar month covered by such report and the amount of Total Project Costs estimated to be required to complete the Project, (B) provides a demonstration that the Borrower has sufficient funds (including funds on hand and funds obtainable without undue delay or conditions that cannot reasonably be satisfied by the Borrower as and when such funds are needed) to complete the Project, (C) provides an assessment of the overall construction progress of the Project since the date of the last report and since the Effective Date, together with an assessment of how such progress compares to the Construction Schedule, (D) reviews the status of Principal Project Contracts, (E) specifies the Projected Substantial Completion Date specified in the Financial Plan most recently submitted to the TIFIA Lender, (F) provides a detailed description of all material problems (including actual and anticipated cost and/or schedule overruns, if any) encountered or anticipated in connection with the construction of the Project since the date of the last report, together with an assessment of how such problems may impact the Construction Schedule and the meeting of critical dates thereunder and a detailed description of the proposed solutions to any such problems, (G) specifies the delivery status of major equipment and the effect, if any, that the anticipated delivery dates of such equipment has on the overall Construction Schedule, (H) specifies any proposed or pending change orders, (I) specifies any material changes or deviations‌ from the Borrower’s land procurement plans or schedule, (J) provides a discussion or analysis of such other matters related to the Project as the TIFIA Lender may reasonably request and (K) provides a revised Project Budget updated through the end of the preceding calendar month. The Borrower shall respond, and use commercially reasonable efforts to cause the Construction Contractors to respond, to the XXXXX Xxxxxx’s inquiries regarding such report, the construction of the Project and any such Construction Contractor’s performance of its obligations under the Principal Construction Contract to which such Construction Contractor is a party.

Monthly Progress Report. To the TIFIA Lender, for each calendar month during the Construction Period, a report executed by a Xxxxxxxx’s Authorized Representative, on or before the 15th day of the second (2nd) calendar month succeeding such calendar month covered by the report, that (A) specifies the amount of Total Project Costs expended since the Effective Date as well as during the calendar month covered by such report and the amount of Total Project Costs estimated to be required to complete the Project, (B) provides a demonstration that the Borrower has sufficient funds (including funds on hand and funds obtainable without undue delay or conditions that cannot reasonably be satisfied by the Borrower as and when such funds are needed) to complete the Project, (C) provides an assessment of the overall construction progress of the Project since the date of the last report and since the Effective Date, together with an assessment of how such progress compares to the Construction Schedule, (D) reviews the status of Principal Project Contracts, (E) specifies the Projected Substantial Completion Date specified in the Financial Plan most recently submitted to the TIFIA Lender, (F) provides a detailed description of all material problems (including actual and anticipated cost and/or schedule overruns, if any) encountered or anticipated in connection with the construction of the Project since the date of the last report, together with an assessment of how such problems may impact the Construction Schedule and the meeting of critical dates thereunder and a detailed description of the proposed solutions to any such problems, (G) G)‌ specifies the delivery status of major equipment and the effect, if any, that the anticipated delivery dates of such equipment has on the overall Construction Schedule, (H) specifies any proposed or pending change orders, (I) specifies any material changes or deviations‌ deviations from the Borrower’s land procurement plans or schedule, (J) provides a discussion or analysis of such other matters related to the Project as the TIFIA Lender may reasonably request and (K) provides a revised Project Budget updated through the end of the preceding calendar month. The Borrower shall respond, and use commercially reasonable efforts to cause the Construction Contractors to respond, to the XXXXX Xxxxxx’s inquiries regarding such report, the construction of the Project and any such Construction Contractor’s performance of its obligations under the Principal Construction Contract to which such Construction Contractor is a party.

Monthly Progress Report. To the TIFIA RRIF Lender, for each calendar month during the Construction Period, a report executed by a XxxxxxxxBorrower’s Authorized Representative, on or before the 15th day of the second (2nd) calendar month succeeding such calendar month covered by the report, that (A) specifies the amount of Total Project Costs expended since the Effective Date as well as during the calendar month covered by such report and the amount of Total Project Costs estimated to be required to complete the Project, (B) provides a demonstration that the Borrower has sufficient funds (including funds on hand and funds obtainable without undue delay or conditions that cannot reasonably be satisfied by the Borrower as and when such funds are needed) to complete the Project, (C) provides an assessment of the overall construction progress of the Project since the date of the last report and since the Effective Date, together with an assessment of how such progress compares to the Construction Schedule, (D) reviews the status of Principal Project Contracts, (E) specifies the Projected Substantial Completion Date specified in the Financial Plan most recently submitted delivered to the TIFIA RRIF Lender, (F) provides a detailed description of all material problems (including actual and anticipated cost and/or schedule overruns, if any) encountered or anticipated in connection with the construction of the Project since the date of the last report, together with an assessment of how such problems may impact the Construction Schedule and the meeting of critical dates thereunder and a detailed description of the proposed solutions to any such problems, (G) specifies the delivery status of major equipment and the effect, if any, that the anticipated delivery dates of such equipment has on the overall Construction Schedule, (H) specifies any proposed or pending change orders, (I) specifies any material changes or deviations‌ deviations from the Borrower’s land procurement plans or schedule, (J) provides a discussion or analysis of such other matters related to the Project as the TIFIA RRIF Lender may reasonably request and (K) provides a revised Project Budget updated through the end of the preceding calendar month. The Borrower shall respond, and use commercially reasonable efforts to cause the Construction Contractors to respond, to the XXXXX XxxxxxRRIF Lender’s inquiries regarding such report, the construction of the Project and any such Construction Contractor’s Contractor’s‌ performance of its obligations under the Principal Construction Contract to which such Construction Contractor is a party.

Monthly Progress Report. To the TIFIA Lender, for each calendar month during the Construction Period, a report executed by a XxxxxxxxBorrower’s Authorized Representative, on or before the 15th day of the second (2nd) calendar month succeeding such calendar month covered by the report, that (A) specifies the amount of Total Project Costs expended since the Effective Date as well as during the calendar month covered by such report and the amount of Total Project Costs estimated to be required to complete the Project, (B) provides a demonstration that the Borrower has sufficient funds (including funds on hand and funds obtainable without undue delay or conditions that cannot reasonably be satisfied by the Borrower as and when such funds are needed) to complete the Project, (C) provides an assessment of the overall construction progress of the Project since the date of the last report and since the Effective Date, together with an assessment of how such progress compares to the Construction Schedule, (D) reviews the status of Principal Project Contracts, (E) specifies the Projected Substantial Completion Date specified in the Financial Plan most recently submitted to the TIFIA Lender, (F) provides a detailed description of all material problems (including actual and anticipated cost and/or schedule overruns, if any) encountered or anticipated in connection with the construction of the Project since the date of the last report, together with an assessment of how such problems may impact the Construction Schedule and the meeting of critical dates thereunder and a detailed description of the proposed solutions to any such problems, (G) specifies the delivery status of major equipment and the effect, if any, that the anticipated delivery dates of such equipment has on the overall Construction Schedule, (H) specifies any proposed or pending change orders, (I) specifies any material changes or deviations‌ from the Borrower’s land procurement plans or schedule, (J) provides a discussion or analysis of such other matters related to the Project as the TIFIA Lender may reasonably request and (K) provides a revised Project Budget updated through the end of the preceding calendar month. The Borrower shall respond, and use commercially reasonable efforts to cause the Construction Contractors to respond, to the XXXXX XxxxxxTIFIA Lender’s inquiries regarding such report, the construction of the Project and any such Construction Contractor’s performance of its obligations under the Principal Construction Contract to which such Construction Contractor is a party.

Monthly Progress Report. To the TIFIA Lender, for each calendar month during the Construction Period, a report executed by a Xxxxxxxx’s Authorized Representative, on or before the 15th day of the second (2nd) calendar month succeeding such calendar month covered by the report, that (A) specifies the amount of Total Project Costs expended since the Effective Date as well as during the calendar month covered by such report and the amount of Total Project Costs estimated to be required to complete the Project, (B) provides a demonstration that the Borrower has sufficient funds (including funds on hand and funds obtainable without undue delay or conditions that cannot reasonably be satisfied by the Borrower as and when such funds are needed) to complete the Project, (C) provides an assessment of the overall construction progress of the Project since the date of the last report and since the Effective Date, together with an assessment of how such progress compares to the Construction Schedule, (D) reviews the status of Principal Project Contracts, (E) specifies the Projected projected Substantial Completion Date specified in the Financial Plan most recently submitted to the TIFIA Lender, (F) provides a detailed description of all material problems (including actual and anticipated cost and/or schedule overruns, if any) encountered or anticipated in connection with the construction of the Project since the date of the last report, together with an assessment of how such problems may impact the Construction Schedule and the meeting of critical dates thereunder and a detailed description of the proposed solutions to any such problems, (G) specifies the delivery status of major equipment and the effect, if any, that the anticipated delivery dates of such equipment has on the overall Construction Schedule, (H) specifies any proposed or pending change orders, (I) specifies any material changes or deviations‌ deviations from the Borrower’s land procurement plans or schedule, (J) provides a discussion or analysis of such other matters related to the Project as the TIFIA Lender may reasonably request and (K) provides a revised Project Budget updated through the end of the preceding calendar month. The Borrower shall respond, and use commercially reasonable efforts to cause the Construction Contractors to respond, to the XXXXX Xxxxxx’s inquiries regarding such report, the construction of the Project and any such Construction Contractor’s performance of its obligations under the Principal Construction Contract to which such Construction Contractor is a party.party.‌

Monthly Progress Report. To the TIFIA Lender, for each calendar month during the Construction Period, a report executed by a Xxxxxxxx’s Authorized Representative, on or before the 15th day of the second (2nd) calendar month succeeding such calendar month covered by the report, that (A) specifies the amount of Total Project Costs expended since the Effective Date as well as during the calendar month covered by such report and the amount of Total Project Costs estimated to be required to complete the Project, (B) provides a demonstration that the Borrower has sufficient funds (including funds on hand and funds obtainable without undue delay or conditions that cannot reasonably be satisfied by the Borrower as and when such funds are needed) to complete the Project, (C) provides an assessment of the overall construction progress of the Project since the date of the last report and since the Effective Date, together with an assessment of how such progress compares to the Construction Schedule, (D) reviews the status of Principal Project Contracts, (E) specifies the Projected Substantial Completion Date specified in the Financial Plan most recently submitted delivered to the TIFIA Lender, (F) provides a detailed description of all material problems (including actual and anticipated cost and/or schedule overruns, if any) encountered or anticipated in connection with the construction of the Project since the date of the last report, together with an assessment of how such problems may impact the Construction Schedule and the meeting of critical dates thereunder and a detailed description of the proposed solutions to any such problems, (G) G)‌ specifies the delivery status of major equipment and the effect, if any, that the anticipated delivery dates of such equipment has on the overall Construction Schedule, (H) specifies any proposed or pending change orders, (I) specifies any material changes or deviations‌ deviations from the Borrower’s land procurement plans or schedule, (J) provides a discussion or analysis of such other matters related to the Project as the TIFIA Lender may reasonably request and (K) provides a revised Project Budget updated through the end of the preceding calendar month. The Borrower shall respond, and use commercially reasonable efforts to cause the Construction Contractors to respond, to the XXXXX Xxxxxx’s inquiries regarding such report, the construction of the Project and any such Construction Contractor’s performance of its obligations under the Principal Construction Contract to which such Construction Contractor is a party.