Examples of Draw Papers in a sentence
As between Owner and Contractor, Owner shall be responsible for timely compliance with the requirements of the Program Documents relating to the preparation and submittal of Draw Papers as needed to procure financing for the Project; provided that Contractor shall be responsible for providing on a timely basis the information and documentation respecting its performance obligations under this Agreement as needed for the preparation of such Draw Papers.
An amount equal to the lesser of (i) such aggregate amount of funds needed and (ii) the amount of funds available in the Project Fund (and not otherwise earmarked to pay the Costs of the Projects for the other Series 2012 Local Units) shall be applied to the payment of such Project Costs upon submission of the Draw Papers in accordance with subsection (c) below.
Notwithstanding the provisions of Section 510 hereof to the contrary, the Lessee shall be entitled to submit Draw Papers to the Trustee and receive reimbursement for the amounts set forth in such Draw Papers for advances made with respect to the Projects, prior to a given Draw Date, so long as the Lessee submits the requisite requisition and supporting copies of invoices prior to being reimbursed directly by the Trustee.
Any moneys remaining on deposit in the Project Fund, including interest earnings, upon the payment of all Project Costs (for which the Company shall submit Draw Papers) and all Company Development Fees and Expenses (for which the Company shall submit such Exhibit D form Certificate), shall be applied in the manner set forth in Section 510(e) hereof.
In furtherance thereof, attached hereto as Appendix C are the Draw Papers to be executed by the Parties simultaneously with the execution of this Consent No. 8.