Extract to table

00) for the construction of the Project (as the same may be amended, restated, supplemented, or otherwise modified from time to time in accordance with the terms of this Agreement, the "GMP Contract"); WHEREAS, as a condition precedent to the making of the Loan and the initial Advance (as hereinafter defined), the parties hereto desire to set forth the terms, conditions, and procedures governing the disbursement of Loan proceeds for the construction of the Project, the submission and approval of Draw Requests, the maintenance of the Approved Budget, and related matters; and WHEREAS, capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Agreement

"Construction Consultant" means, initially, such qualified independent construction consulting firm as Agent shall engage pursuant to Section 2

"Draw Period" means each calendar month during the term of this Agreement; provided, that the first Draw Period shall be the partial calendar month commencing on the Effective Date and ending on June 30, 2025, and the last Draw Period shall be the partial calendar month in which the final Advance is made

(ABA Routing Number: 021-003-178), into which all Loan disbursements shall be deposited and from which all payments for Project costs shall be made

(b) Borrower shall cause construction of the Project to commence on or before the Construction Commencement Date

Borrower shall cause all punch-list work to be completed and Final Completion to be achieved within ninety (90) days following the date of Substantial Completion