Verification of Costs Clause Samples

Verification of Costs. ▇▇▇▇▇▇ has the right at any time and from time to time to review and verify all costs incurred by Borrower.

Verification of Costs. The Lender will have the right at any time and from time to time to review and verify all costs, expenses, and fees in each Unit Budget and each Eligible Lot Budget. Based on its review and verification of costs, expenses, and fees in each Unit Budget and each Eligible Lot Budget, the Lender will have the right to (a) adjust any and all such budgeted amounts and (b) reduce or increase the applicable Collateral Values; PROVIDED, HOWEVER, that once the Maximum Allowed Borrowing Base Advance for an item of Eligible Collateral has been determined, that Maximum Allowed Borrowing Base Advance amount is not subject to increase, notwithstanding any subsequent Appraisal and notwithstanding any increase in an Unit Budget; HOWEVER, the Maximum Allowed Borrowing Base Advance amount is subject to increase or decrease based on subsequent events, such as updated Appraisals and subsequent change orders.

Verification of Costs. Lender will have the right at any time and from time to time to review and verify all costs, expenses, and fees in each Unit Budget and each A&D Lot Development Budget. Based on its review and verification of costs, expenses, and fees in each Unit Budget and each A&D Lot Development Budget, Lender will have the right to (a) adjust any and all such budgeted amounts for purposes of determining Collateral Values of Eligible Collateral and (b) reduce or increase the applicable Collateral Values.

Verification of Costs. Bank will have the right at any time and from time to time to review and verify all costs, expenses, and fees in each Unit Budget and each A&D Lot Development Budget. Based on its review and verification of costs, expenses, and fees in each Unit Budget and each A&D Lot Development Budget, Bank will have the right to (a) adjust any and all such budgeted amounts for purposes of determining Collateral Values of Eligible Collateral and (b) reduce or increase the applicable Collateral Values.

Verification of Costs. The Contractor shall, upon request, allow the examination and verification of costs by the Program Manager or other representatives of the City before final payment is due. If the examination of the contract cost records, results in the determination that unallowable expenses were charged to the City by the Contractor, the Contractor shall be immediately responsible for reimbursing the City for the full amount of such unallowable expenses. The Contractor shall maintain all books, documents, papers, accounting records and other evidence pertaining to costs incurred for the Work and Project and used in support of its Proposal and shall make such documents available at all reasonable times during the period of the Agreement and for three (3) years from the date of final payment under the Agreement, for inspection by the City and any reviewing agencies, and copies thereof shall be furnished upon request. The Contractor agrees that the provisions of this Section shall be included in any agreement it may make with any Subcontractor, assignee, or transferee.

Verification of Costs. Administrative Agent will have the right at any time and from time to time to review and verify all Hard Costs and Soft Costs incurred by Borrower. Based on its review and verification of Hard Costs and Soft Costs, Administrative Agent will have the right to reduce the applicable values as they relate to the Available Commitment.

Verification of Costs. The terms set forth in this Agreement are based upon information furnished by Del Monte to EDS in the RFP and this Agreement. Del Monte believes that such information is accurate and complete. If any such information should prove to be inaccurate or incomplete in any material respect, the parties may exercise the procedures established in Section 9.3 and 9.4 for appropriate adjustments to the provisions hereof.

Verification of Costs. Lender will have the right at any time and from time to time to review and verify all Hard Costs and Soft Costs incurred by Borrower.

Verification of Costs. Bank shall have the right at any time and from time to time to review and verify all costs, expenses and fees with respect to the Improvements. Based on its review and verification of costs, expenses and fees, Bank shall have the right to require Borrower to adjust all such budgeted amounts.