Construction Budget and Schedule definition
Examples of Construction Budget and Schedule in a sentence
The proceeds of the Term Loans and the Bridge Loans shall be used solely for (i) the payment in full to the lenders under the Existing Stetson I Facilities, (ii) the payment in full to the lenders of the loans corresponding to each Stetson II Project Turbine under the Stetson II Turbine Supply Loan, (iii) payment of construction costs in accordance with the Construction Budget and Schedule, and (iv) payment of transaction costs, fees and expenses related to this Financing Agreement.
At the request of Purchaser’s Manager, Owner shall provide the Management Committee with copies of the data, invoices, price sheets and other information utilized in the preparation of the Construction Budget and Schedule, and shall make the personnel responsible for preparing the Construction Budget and Schedule available during normal business hours and upon reasonable advance notice to discuss the proposed Construction Budget and Schedule with the Management Committee.
The Project, if constructed in accordance with the Construction Budget and Schedule, and otherwise Developed as contemplated by the Material Project Documents, will conform to and comply with all covenants, conditions, restrictions and reservations in the applicable Government Approvals and all applicable Government Rules, except to the extent that a failure to so conform or comply could not reasonably be expected to have a Material Adverse Effect, with respect to the Project.
In respect of punch list items, the Administrative Agent and the Independent Engineer shall have received certification from the Borrower that the projections of punch list items expected to be paid with such final Loan shall be in accordance with the Construction Budget and Schedule.
Other than those fees set forth on Schedule 7.18, on the Closing Date, the Borrower has no obligation to any Person in respect of any finder’s, advisory, broker’s or investment banking fee other than fees payable under this Agreement and the Fee Letters, or as set forth in the Construction Budget and Schedule, or fees and expenses payable to the Borrower’s legal counsel.