Common use of Revised Budget Clause in Contracts

Revised Budget. The Company will, at its sole cost and expense, furnish to the Bank within 180 days after the date hereof and at least once in every calendar quarter thereafter until the Date of Substantial Completion, a revised construction budget which shall be in the form of the Budget an which shall indicate revisions made to date to the Budget, which revised budget shall be satisfactory to the Bank in the Bank's sole and absolute discretion.

Appears in 2 contracts

Sources: Letter of Credit and Reimbursement Agreement (El Conquistador Partnership Lp), Letter of Credit and Reimbursement Agreement (WMS Hotel Corp)