After Project Completion Clause Samples

After Project Completion. A. FUNCTION

After Project Completion. The following reporting requirements apply to this Loan Agreement, and replace the requirements in the Loan Agreement Section 9.D. Between 12-15 months after Project completion, Borrower shall submit a report of its Project expenditures to the Citizens Oversight Board created pursuant to Public Resources Code section 26210, containing the information in this section with a copy to the Commission Project Manager. The Energy Commission will post a format and data collection method for the report on its Proposition 39 Web page. Public Resources Code section 26240(b) & (d). 1. The total final gross Project cost before deducting any incentives or other grants and the percentage of total Project cost derived from the Clean Energy Job Creation Fund. 2. The estimated amount of energy saved, accompanied by specified energy consumption and utility bill cost data for the individual facility where the Project is located, in a format to be specified by the Commission Project Manager. 3. The nameplate rating of new clean energy generation installed. 4. The number of trainees. 5. The number of direct full-time equivalent employees and the average number of months or years of utilization of each of these employees. 6. The amount of time between awarding of the Loan and the completion of the Project. 7. Borrower’s energy intensity before and after Project completion, as determined from an energy rating or benchmark system, to be determined by the Energy Commission.

After Project Completion. Within six months after Project completion, the Project Owner must: 1. Certify in writing to the Member and the Bank that the AHP subsidy the Project received was used for eligible purposes according to the commitments made in the Project’s AHP Application and that the services and activities committed to in the Project’s AHP Application have been provided in connection with the Project; 2. Provide a Project rent roll (the “Project Rent Roll”) to the Member and the Bank which lists all the rents and incomes for all households in the Project; 3. Provide to the Member and the Bank a certification, as well as all supporting documentation relied upon in such certification, to certify/verify that: (a) The tenant rents and incomes listed in the Project Rent Roll are accurate and in compliance with the rent and income targeting commitments made in the Application; and (b) The Project is habitable; and 4. Provide and/or certify any other information requested by the Bank pursuant to the Bank’s AHP Policies and Procedures and the AHP Regulations.

After Project Completion. Somita shall also provide monthly operating reports, to be reviewed by the Project Engineer, in the format attached hereto as Exhibit K;

After Project Completion. All transfers shall require the consent of the City, in its reasonable discretion, which shall not be unreasonably withheld, conditioned or delayed. Approved transfers shall be (i) pursuant to an agreement, in recordable form that has been approved by the City, wherein the transferee shall assume the performance of the respective Tenant’s obligations under the subject Lease to be assumed, and (ii) subject to the City’s transfer and processing fees.

After Project Completion the Project shall be a market rate multi-family development containing at least 50 residential units and the Developer shall not modify the use of the Project without the City's prior written consent. Developer shall maintain the physical condition of the Project and the Property in a reasonable manner. Developer shall not change the design of the project without the City's prior review. This subsection shall be in effect until the completion of the Guaranteed Revenue requirement.

After Project Completion. After the abatement has been completed to the satisfaction of all parties:

After Project Completion. After the Project is completed and as a condition of the issuance of occupancy permits, the Developer shall provide post completion surety in the form of a bond or other insurance in favor of the City providing in the alternative for replacement of the building or direct payment to the City of the outstanding bond payments in the event of destruction of the building (“Post Completion Surety”). Said Post Completion Surety shall provide for notification to the City in the event of nonpayment, nonrenewal or cancellation, shall reflect the City as an additional insured and shall include an endorsement assigning applicable insurance proceeds in the event of a covered loss only to the extent of the value the City is entitled to receive on an annual basis.

After Project Completion the Lessee shall make no structural additions, modifications and improvements to the Facility without the prior written consent of the Agency, which may be conditioned upon, among other things, an increase in any administrative fee charged by the Agency in connection with the Project and an increase in payments to be made under the PILOT Agreement in an amount equal to the Real Estate Taxes which would be payable by the Lessee on account of such additions, modifications and improvements if the Facility were owned by the Lessee. Any of the foregoing notwithstanding, no consent shall be required under this paragraph (2) for the repair, replacement, rebuilding or restoration of the Facility after damage, destruction or condemnation pursuant to Section 5.1 of this Lease Agreement (except as required thereunder or pursuant to any other Security Document ) or in connection with minor modifications or alterations to the Facility which do not affect the value of the Facility, except as may be required under any other Security Document. Any additions, modifications, improvements or alterations performed by Lessee in accordance with this paragraph (2) shall be made at the sole expense of the Lessee, shall become a part of the Facility and shall be subject to Paragraph (4) of this Section. Further, the provisions of Section 2.5(7) of this Lease Agreement shall apply to any additions, modifications or improvements to the Facility, made in accordance with this paragraph (2) or otherwise.