Expansion Cap Ex Review

Expansion Cap Ex Review. The review to be made following the First Amendment Effective Date and at or about the sixth (6th) month anniversary of the First Amendment Effective Date, in each instance by the Lenders' Consultant, at Borrowers' expense, of the Cap Ex Variance Analysis and Expansion Cap Ex Projects being undertaken or proposed by the Borrower Consolidation, including, without limitation: a. an examination of each set of plans and specifications and determination of acceptability of documentation relating to... each Expansion Cap Ex Project; b. site inspections of each Expansion Cap Ex Project to verify: (i) the percentage of construction completed; (ii) that each Expansion Cap Ex is in compliance with the applicable governing construction documentation, ie., plans, specifications, construction budgets and approved change orders, etc. ; and c. a review of budgetary aspects, including construction cost and project completion analysis. View More