Common use of Project Investment Commitment Status Clause in Contracts

Project Investment Commitment Status. Please provide a status report with respect to the Project’s actual Project Expenditures (for reference, see Project Budget in Schedule “B” of the Agreement) by completing the chart below. Please explain any actual or anticipated variances greater than ten percent (10%) in any category of the Eligible Costs under the section entitled, “Comments”. Overhead Construction/Leasehold Improvements Equipment and Machinery Labour (one time) Training** Research and Development Other Eligible Costs: (specify) *Eligible project costs must be directly related and attributable to the Project. In order to be an Eligible Cost, the cost must be incurred and paid on or after the Effective Date. **Training costs directly attributable to the Project can be included in the total Project Investment Commitment. However, they are not a reimbursable expense for purposes of the Loan.

Project Investment Commitment Status. Please provide a status report with respect to the Project’s actual Project Expenditures (for reference, see Project Budget in Schedule “B” of the Agreement) by completing the chart below. Please explain any actual or anticipated variances greater than ten percent (10%) in any category of the Eligible Costs under the section entitled, “Comments”. Overhead Construction/Leasehold Improvements Equipment and Machinery Labour (one time) Training** Research and Development Other Eligible Costs: (specify) ** Eligible project costs must be directly related and attributable to the Project. In order to be an Eligible Cost, the cost must be incurred and paid on or after the Effective Date. *** Training costs directly attributable to the Project can be included in the total Project Investment Commitment. However, they are not a reimbursable expense for purposes of the Loan.