Sources and Uses of Funds. The Public Entity represents to MnDOT and the Commissioner that the Sources and Uses of Funds Schedule attached as Exhibit A accurately shows the total cost of the Project and all of the funds that are available for the completion of the Project. The Public Entity will supply any other information and documentation that MnDOT or the Commissioner may request to support or explain any of the information contained in the Sources and Uses of Funds Schedule. If any of the funds shown in the Sources and Uses of Funds Schedule have conditions precedent to the release of such funds, the Public Entity must provide to MnDOT a detailed description of such conditions and what is being done to satisfy such conditions.
Sources and Uses of Funds. Listing of funding sources being utilized for the funded project must be provided.
Sources and Uses of Funds. For the CDBG program, these accounting records must contain reliable and up-to-date information about the sources and uses of funds, including: • Federal grant awards (or subgrant allocations) received by the organization. • Current authorizations and obligations of CDBG funds. • Unobligated balances (funds remaining available for distribution). • Assets and liabilities. • Program income. • Actual outlays or expenditures, with further breakdowns by: • The grant program from which the funds are derived. 4 • The “eligible activity” classifications specified in 24 CFR 570.201–570.206 (housing rehabilitation, economic development, public facilities, public services, etc.) or similar classifications which clearly indicate use of program funds for eligible activities.
Sources and Uses of Funds. Grantee represents to State that the Sources and Uses of Funds Schedule attached as Exhibit A accurately shows the total cost of the project and all of the funds that are available for the completion of the project. Xxxxxxx agrees that it will pay for any costs that are ineligible for reimbursement and for any amount by which the costs exceed State’s total obligation in section 4.1.3. Grantee will return to State any amount appropriated but not required.
Sources and Uses of Funds. The Administrative Agent shall have received a memorandum detailing the sources and uses of the funds to be used to consummate the Acquisition, the other transactions contemplated by this Agreement and the other Credit Documents and related expenses, in form and substance reasonably satisfactory to the Agents.
Sources and Uses of Funds. Borrower shall have delivered to the Bank, in form and substance satisfactory to Bank, a detailed statement of all sources and all uses of funds (including without limitation the proceeds of the first disbursements of the proceeds of the Loans) to be received and remitted upon closing the Loans hereunder.
Sources and Uses of Funds. The Agency hereby confirms the sources and uses of the sale proceeds of the Allocable Bonds as set forth on Attachment 1 hereto, including the allocations of the portions of the principal maturities and other matters set forth therein.
Sources and Uses of Funds. The sources and uses of cash for the transactions contemplated under this Agreement shall be consistent in all material respects with the sources and uses of cash previously described by the Borrowers to the Administrative Agent.
Sources and Uses of Funds. A. Sources Permanent Mortgage $1,100,000 (47%) G. P. Capital - $ 100 ( 1%) Defxxxxxx Xxxxxxxxxxx Xxx - $ 84,995 ( 3%) I.L.P. Capital - $1,128,905 (49%) Total - $2,314,000 (100%)
B. Uses Total Construction Cost - $ 1,750,000 (76%) Total Soft Costs - $ 274,000 (12%) Construction and Development Fee - $ 150,000 ( 6%) Land - $ 140,000 ( 6%) Total - $ 2,314,000 (100%)
1. Construction Financing
A. Lender State Bank of Fargo B. Mortgage Amount: $1,100,000 C. Note Date: June 12, 1997 D. Interest Rate: 9.5% variable E. Term: June 12, 1998 F. Amortization: 1 year
Sources and Uses of Funds. Develop a preliminary budget for the Project, including a sources and uses table, to include estimated hard and soft costs typically associated with the development and construction of a project that includes the desired programmatic elements and to include typical development and construction contingencies and forward-looking cost escalators to account for the anticipated construction timeline. If the Project is proposed to be developed in phases over time, then the preliminary budget shall address the first phase with details sufficient to support the commencement of the Project with an estimated timeline, sequence and schematic designs for future phases that demonstrate the financial feasibility of completing the Project over the proposed timeline.
