“Permitted Budget Re-allocations” shall mean any revision of the Project Budget # to move Building Loan Contingency (Hard Costs) to other Hard Costs Budget Lines, so long as the Building Loan Contingency (Hard Costs) remaining after such re-allocation is not less than five percent (5%) of the aggregate remaining Hard Costs Budget Line as reasonably determined by [[Lender:Organization]], # to move Building Loan Contingency (Soft Costs) to other Soft Costs Budget Lines, so long as the Building Loan Contingency (Soft Costs) remaining after such re-allocation is not less than five percent (5%) of the aggregate remaining Soft Costs Budget Line as reasonably determined by [[Lender:Organization]], or # any re-allocations of a Budget Line made by the General Contractor pursuant to the General Contractor’s Agreement to which [[Borrower:Organization]] does not have the right to approve pursuant to the General Contractor’s Agreement.

Other than Permitted Budget Re-allocations, subject to the prior approval of [[Lender:Organization]], which shall not be unreasonably withheld, conditioned or delayed, the [[Borrower:Organization]] may revise the Project Budget from time to time to move Building Loan Contingency (Hard Costs) to other Hard Costs Budget Lines, and/or to move Building Loan Contingency (Soft Costs) to other Soft Costs Budget Lines. Any Permitted Budget Re-allocations shall not require the prior approval of [[Lender:Organization]], but [[Borrower:Organization]] shall provide prompt written notice of same to [[Lender:Organization]].