Payment of Project Expenses for Homes that Participant does not Acquire Sample Clauses

Payment of Project Expenses for Homes that Participant does not Acquire. As to each Home that receives Initial Approval in accordance with Section 2.2.1 but that Participant does not acquire, an NSP Loan will not be provided by the City Party for the Home, but the City Party will nonetheless reimburse Participant for the Project Expenses incurred by Participant for the Home prior to the date it is determined that the Home will not be included in the NSP Program, provided Participant has complied with all provisions of this Agreement and is not in default of this Agreement and provided further that the failure to acquire the Home is not a result of Participant failing to comply with any requirements under this Agreement or the Acquisition Purchase Agreement (other than an Excusable Default). No later than thirty (30) days after it is determined that such a Home will not be included in the NSP Program, Participant shall submit to the City Party a payment request for Project Expenses for the Home. The payment request shall include the total amount requested and itemized statements and invoices, with legible and complete supporting information provided by Participant to the City Party in order to document the reasonable costs incurred by Participant and for which Participant seeks payment or reimbursement. The supporting information required by the City Party may include without limitation, originals or complete and legible copies of receipts, canceled checks, time records, billing statements, bank statements, and contracts. Payment of the amount determined by the City Party to be owing to Participant for eligible Project Expenses under this Section shall be made by the City Party within thirty (30) days after Participant’s submission of a complete payment request. Participant acknowledges that no reimbursement payments will be made for each and any Home that did not receive Initial Approval or for any Project Expenses incurred prior to the Environmental Completion Date. Notwithstanding the foregoing, the terms for the reimbursement of the Good Faith Deposit shall be governed by the provisions of Section 2.4.4 of this Agreement rather than this Section.
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