PowerPMIS

Northern Virginia Campus — Demo

Data center · Loudoun County, VA · target energization 2029-06-30
Register / LEN-DRAW

Draw conditions and covenant reporting

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Provenance

Source document
Construction loan agreement template — conditions precedent, draw conditions, covenants
Clause
Loan agreement, conditions to each advance; reporting covenants
Trigger
Applies when a construction lender is named
Description
Recurring conditions for each advance (lien waivers, construction consultant report, budget in balance, permits in force) plus covenant reporting (monthly progress, milestone dates, completion date covenant, change orders above threshold). Handed to the project accountant once construction starts.
Evidence required
Draw package template approved by lender; reporting calendar; first draw funded.

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