Construction Drawdown Certificate definition
Examples of Construction Drawdown Certificate in a sentence
Borrower has executed this Construction Drawdown Certificate as of the date hereof.
Delivery of a Construction Drawdown Certificate dated not less than five Business Days prior to the date of the proposed Borrowing in the form of Exhibit I, certified by an Authorized Officer of the Borrower with required attachments thereto, including a Construction Report and description of Project Costs incurred to date, together with a certificate of the Independent Engineer in the form of Exhibit J dated the date of the related Construction Drawdown Certificate.
Amounts transferred to an Operating Account for the payment of Project Costs which are not, for any reason, applied to the payment of Project Costs pursuant to the Construction Drawdown Certificate pursuant to which such amounts were transferred, shall be retained in such Operating Account for application to the following month's Project Costs in accordance with Section 7.1.
Please liquidate investments held in the [Name of Account] under the Depositary Agreement in an amount sufficient to yield proceeds of $_____________, to be used for the payment of [________ costs] as set forth in the [Construction Drawdown Certificate] [Turbine Purchase Drawdown Certificate] [Disbursement Requisition] [specify any other purposes for the withdrawal], attached hereto as Schedule 1.
This certificate (this “IE Drawdown Confirmation Certificate”) is delivered to you in connection with [Section 3.2(b)(i) of the Depositary Agreement] [Section 3.3(b)(iv) of the Depositary Agreement] and in connection with the Construction Drawdown Certificate delivered 1 IE Drawdown Confirmation Certificate must be delivered at least three (3) Business Days prior to the requested Construction Disbursement Date.