Cost Overrun definition

Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

Cost Overrun means an increase in the Total Development Costs;

Cost Overrun means any Project Cost in excess of the amount budgeted for Base Project Costs as in effect on the date of the Common Agreement (after taking into account any reallocations of Owner’s Contingency among line items in accordance with Section 2.1 and Section 6.8(b) of the Common Agreement.)

Examples of Cost Overrun in a sentence

• With respect to Construction Contract Change Orders that could result in a Cost Overrun, StadCo, at the time of the Approval of such Construction Contract Change Order, shall provide adequate evidence to the Authority of StadCo’s ability to pay the amounts due as a result thereof.

• Although the Government has reserved the right to refer to arbitration the question of the Company’s liability for the Current Cost Overrun (as defined hereunder) (if any) under the HSR Preliminary Entrustment Agreement and HSR Entrustment Agreement (as more particularly described in paragraph (c)(iv) below), up to the date of the interim financial report, no claim has been received from the Government.

• Pursuant to Section 3.2(d)(i) of the Development Agreement, on or before the third Business Day after the 22nd day of each month, StadCo shall deposit cash in an amount sufficient to pay any then- existing Cost Overruns to the StadCo Cost Overrun Subaccount of the StadCo Contribution Trust Account.

• PNGTS Construction Cost Sharing: Xxxxxxx’s Negotiated Daily Demand Rate for PNGTS reflected above shall be adjusted as follows: To the extent Actual PNGTS Construction Costs (defined below) exceed Estimated PNGTS Construction Costs (defined below), Shipper’s Negotiated Daily Demand Rate shall be multiplied by the Capital Cost Overrun Factor (“CCO Factor”).

• In addition, in the event Metro notifies the Host Committee of Cost Overrun, Metro and the Host Committee agree to work in good faith to identify third-party sources of funding for such Cost Overrun and to work with other state, county and local law enforcement agencies to secure resources.

More Definitions of Cost Overrun

Cost Overrun means the difference (if a negative number) between the estimated cost of each stage of the development provided to, and approved by, us and the actual amount required to complete that stage of the development;

Cost Overrun means, with respect to each Authorized Improvement, the Cost or Actual Cost as appropriate of such Authorized Improvement in excess the Budgeted Cost.

Cost Overrun means the amount by which Construction Costs exceed the Indexed Bid Construction Costs.

Cost Overrun has the meaning set forth in Section 2.5.3.

Cost Overrun has the meaning set forth in Section 4.3(d).

Cost Overrun. Any Project Cost in excess of the Base Project Cost (excluding the Overrun Contingencies) amount budgeted therefor in the relevant line item of the Project Budget as in effect on the Common Agreement Date (after taking into account any reallocations (other than from Overrun Contingencies) among line items permitted pursuant to Section 6.8(b) of the Common Agreement.)

Cost Overrun means an amount determined at the sole discretion of the Lender, acting on the advice of its quantity cost surveyor, by which the actual cost of construction of a portion of the Project (determined on a line-by-line basis) exceeds the amount established for construction of that portion of the Project (determined on a line-by-line basis) in the Budget;