Examples of Construction Draw Request in a sentence
The borrower and contractor must sign the certification on theInstructions: During Construction: Draw Request form.
Each Construction Draw Request shall be irrevocable and shall specify: (a) the aggregate principal amount of the related Borrowing, and (b) the date of the related Borrowing (which shall be a Business Day).
Each Construction Draw Request shall be deemed to constitute a representation and warranty by Borrower on the date thereof as to the satisfaction of the conditions set forth in the Disbursing Agreement.
Borrower shall be responsible for making inspections of the Real Estate and the Improvements during the course of construction and shall determine to its own satisfaction that the work done or materials supplied by the contractors to whom payment is to be made out of each Construction Draw Request has been properly done or supplied in accordance with the applicable contracts with such contractors.
Developer shall apply each Construction Disbursement solely for the purpose specified in and otherwise strictly in accordance with the Approved Construction Draw Request for such Construction Disbursement.
Notwithstanding anything to the contrary, Lender shall have the irrevocable right (without obligation) at any time and from time to time to advance a Construction Borrowing without first receiving a Construction Draw Request from Borrower.
If PWH fails to timely approve or disapprove the 11 Monthly Construction Draw Request, PWH shall be deemed to have approved the same.
To verify the checksum of the downloaded file, type the following command: md5sum --check id379600-fix.gz.md5The command should display the following output:id379600-fix.gz: OK Important: If the checksum verification fails, the id379600-fix.gz file was corrupted during transfer and must be downloaded again.
Notwithstanding anything to the contrary, Lender shall have the irrevocable right at anytime and from time to time to advance a Construction Borrowing without first receiving a Construction Draw Request from Borrower.
The undersigned certifies that the work performed on the attached Construction Draw Request has been completed and the total amounts noted at the bottom of such draw request are correct, to the best of the undersigned's knowledge.