Examples of Affidavit of Completion in a sentence
Prior to the final disbursement of Owner and/or Loan Funds, Owner, Lender and General Contractor will furnish Escrow Agent the same items listed in Section 2, above, and in addition Owner shall furnish or cause to be furnished: (i) a General Contractor’s Affidavit of Completion and Release, and (ii) lien waivers executed on a Current basis as defined in Section 2(F) above.
After the filing of the Affidavit of Completion, the Trustee shall allocate interest earnings to the fund or account to which the earnings are allocable.
One year after the filing of the Affidavit of Completion, the Trustee shall hold in the 2023 Construction Account one hundred fifty percent (150%) of the amount of any disputed claims of contractors and work to be repaired, or if less shall hold the entire balance of the 2023 Construction Account, and shall transfer the unobligated balance of the 2023 Construction Account, if any, to the Sinking Fund.