Preliminary Project Report and Budget Sample Clauses

Preliminary Project Report and Budget. The approved budget, which details the direct and indirect Total Project-Related Costs estimated to be incurred by Mortgage Borrower, Borrowers and Second Mezzanine Borrowers until Final Completion, inclusive of the Building Loan Contingency (Hard Costs) (the “Project Cost Budget”), has been identified by Mortgage Borrowers and Lender in an acknowledgment attached thereto. The Project Cost Budget contains a detailed budget for the Mortgage Loans (the “Mortgage Loan Budget”). Each category of direct and indirect cost delineated in the Project Cost Budget and in the Mortgage Loan Budget is referred to as a “Line Item”, with those that are approved as Building Loan Costs to be disbursed out of Building Loan proceeds (subject to availability and satisfaction of all applicable conditions to Advances under the Building Loan Agreement) being so indicated.
Sample 1
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Preliminary Project Report and Budget. A budget, which details the direct and indirect costs estimated to be incurred by Mortgage Borrower until Completion of the Project Improvements (the “Project Cost Budget”), shall be prepared by Mortgage Borrower and delivered to Lender, First Mezzanine Lender, Mortgage Lender and to the Construction Consultant in a preliminary format on or before the Closing Date and in a final format on or before the date of the Initial Building Loan Advance. Mortgage Lender shall cause the Construction Consultant to prepare, at Borrower’s cost and expense, the Preliminary Project Report. After reviewing the Preliminary Project Report, Mortgage Lender, First Mezzanine Lender, and Lender shall prepare a detailed budget for the Mortgage Loan and the Mezzanine Loan (the “Loan Budget”). Each category of direct and indirect cost (the “Line Items” or
Sample 1
Preliminary Project Report and Budget. The project budget which details the direct and indirect costs estimated to be incurred by Borrower until the Property achieves stabilized occupancy which has been approved by Lender and the Construction Consultant on, or prior to, the date hereof, is attached hereto as Schedule 2.10 (the “Project Budget”). Each category of direct and indirect cost (the “Line Items” or “Budget Line”) are delineated in the Project Budget with those that are approved as Building Loan Costs to be disbursed out of Building Loan proceeds 55- subject to availability and satisfaction of all applicable conditions to Additional Advances hereunder, being so indicated.
Sample 1
Preliminary Project Report and Budget. A budget, which details the direct and indirect costs estimated to be incurred by Borrower until the Property achieves stabilized occupancy (the "PROJECT COST BUDGET"), shall be prepared by Borrower and delivered to Agent and to the Construction Consultant. Agent shall require that the Construction Consultant prepare a report for Agent which documents the Construction Consultant's review conclusions (the "PRELIMINARY PROJECT REPORT") after reviewing the Project Cost Budget, Plans and Specifications, Construction Management Agreement, Trade Contracts, Construction Schedule, Disbursement Schedule, tests and all other reports required by the Construction Consultant. After reviewing the Preliminary Project Report, Agent shall approve a detailed budget for the Loan (the "LOAN BUDGET"), which approval shall not be unreasonably withheld or delayed. Each category of direct and indirect cost (the "LINE ITEMS" or "BUDGET LINE") shall be delineated in the Loan Budget. Those Line Items that are Costs of the Improvement shall be reflected in a separate column as the Building Loan Budget. Agent and Borrower acknowledge that the guaranteed maximum price that Borrower obtains from the Construction Manager shall constitute a single Line Item on the Loan Budget.
Sample 1
Preliminary Project Report and Budget. A budget, which details the direct and indirect costs estimated to be incurred by Mortgage Borrower until Completion of the Project Improvements (the “Project Cost Budget”), shall be prepared by Mortgage Borrower and delivered to Lender, First Mezzanine Lender, Mortgage Lender and to the Construction Consultant in a preliminary format on or before the Closing Date and in a final format on or before the date of the Initial Building Loan Advance. Mortgage Lender shall cause the Construction Consultant to prepare, at Borrower’s cost and expense, the Preliminary Project Report. After reviewing the Preliminary Project Report, Mortgage Lender, First Mezzanine Lender, and Lender shall prepare a detailed budget for the Mortgage Loan and the Mezzanine Loan (the “Loan Budget”). Each category of direct and indirect cost (the “Line Items” or “Budget Line”) shall be delineated in the Project Cost Budget and in the Loan Budget with those that are approved as Soft Costs to be disbursed out of proceeds of the Loan or the First Mezzanine Loan, or as Building Costs to be disbursed out of Building Loan proceeds subject to satisfaction of all applicable conditions to Building Loan Advances under the Building Loan Agreement and Advances under this Agreement and the First Mezzanine Loan Agreement, being so indicated.
Sample 1

Related to Preliminary Project Report and Budget

  • Development Reports Beginning six months after Effective Date and ending on the date of first commercial sale of a Licensed Product in the United States, LICENSEE shall report to Cornell progress covering LICENSEE's (and Affiliate's and Sublicensee's) activities and efforts in the development of rights granted to LICENSEE under this Agreement for the preceding six months. The report shall include, but not be limited to, activities and efforts to develop and test all Licensed Products and obtain governmental approvals necessary for marketing the same. Such semi-annual reports shall be due within sixty days (60) of the reporting period and shall use the form as provided herein as Appendix C.

  • Progress Report 10.1 If required, you shall submit progress reports in connection with the Service (“Report”) on at least a monthly basis, or as we may require. The Report shall include a summary of the activities and accomplishments during the previous reporting period.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during each calendar month of the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment B. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Progress Reports The Recipient shall submit to the OPWC, at the OPWC's request, summary reports detailing the progress of the Project pursuant to this Agreement and any additional reports containing such information as the OPWC may reasonably require.

  • Business Plan and Budget As soon as available, but in any event no later than forty five (45) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a quarterly basis for the then current fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(d), the Borrower shall not be separately required to furnish such information under Sections 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  • Budget The System Agency allocated share by State Fiscal Year is as follows:

  • Construction Budget The total amount indicated by the District for the Project plus all other costs, including design, construction, administration, financing, and all other costs.

  • Project Plan Development of Project Plan Upon the Authorized User’s request, the Contractor must develop a Project Plan. This Project Plan may include Implementation personnel, installation timeframes, escalation procedures and an acceptance plan as appropriate for the Services requested. Specific requirements of the plan will be defined in the RFQ. In response to the RFQ, the Contractor must agree to furnish all labor and supervision necessary to successfully perform Services procured from this Lot. Project Plan Document The Contractor will provide to the Authorized User, a Project Plan that may contain the following items: • Name of the Project Manager, Contact Phone Numbers and E-Mail Address; • Names of the Project Team Members, Contact Phone Numbers and E-Mail Address; • A list of Implementation milestones based on the Authorized User’s desired installation date; • A list of responsibilities of the Authorized User during system Implementation; • A list of designated Contractor Authorized Personnel; • Escalation procedures including management personnel contact numbers; • Full and complete documentation of all Implementation work; • Samples of knowledge transfer documentation; and • When applicable, a list of all materials and supplies required to complete the Implementation described in the RFQ. Materials and Supplies Required to Complete Implementation In the event that there are items required to complete an Implementation, the Contractor may request the items be added to its Contract if the items meet the scope of the Contract. Negotiation of Final Project Plan If the Authorized User chooses to require a full Project Plan, the State further reserves the right for Authorized Users to negotiate the final Project Plan with the apparent RFQ awardee. Such negotiation must not substantively change the scope of the RFQ plan, but can alter timeframes or other incidental factors of the final Project Plan. The Authorized User will provide the Contractor a minimum of five (5) business days’ notice of the final negotiation date. The Authorized User reserves the right to move to the next responsible and responsive bidder if Contractor negotiations are unsuccessful.

  • Project Schedule Construction must begin within 30 days of the date set forth in Appendix A, Page 2, for the start of construction, or this Agreement may become null and void, at the sole discretion of the Director. However, the Recipient may apply to the Director in writing for an extension of the date to initiate construction. The Recipient shall specify the reasons for the delay in the start of construction and provide the Director with a new start of construction date. The Director will review such requests for extensions and may extend the start date, providing that the Project can be completed within a reasonable time frame.

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