Project Cost Overruns definition

Project Cost Overruns means the amount, if any, by which the actual Redevelopment Project Costs exceed the projected amount thereof as set forth on the Budget.
Project Cost Overruns as defined in Section 6.04. “Project Costs” as defined in Section 6.01.
Project Cost Overruns means all Costs actually incurred by BH, its Affiliates or its or their respective Subcontractors (or any of their respective employees or agents) in the performance of their obligations under a Statement of Work through the date of completion of all such obligations that are in excess of the Total Project Budget.

Examples of Project Cost Overruns in a sentence

  • An unfunded reserve of Four Million Six Hundred Thousand Dollars ($4,600,000.00), maintained by the Bills for payment of Project Cost Overruns in accordance with Section 3.7(b)(ii) hereof.

  • The County shall be responsible for twenty-five percent (25%) of any Local Share of Project Cost Overruns and for any portion of DDA’s share of Local Share of Project Cost Overruns in excess of Three Million Dollars ($3,000,000) in each of County fiscal years 2018, 2019 or 2020.

  • Notwithstanding anything to the contrary in this Section, the lack of credit or financing for Tenant Contribution or responsibility for Project Cost Overruns under this Agreement shall not be considered to be a matter beyond Tenant’s control and therefore no event caused by a lack of such financing in and of itself shall be considered to be an event of Force Majeure for purposes of this Agreement.

  • The County shall be responsible for no portion of the Local Share of Project Cost Overruns after County fiscal year 2020 (which ends September 30, 2020).

  • As set forth in Section 6.01, at all times Tenant shall ensure that there are sufficient funds in the Disbursement Account to fund Project Costs, and shall make all contributions necessary to fund Project Cost Overruns (the “Tenant Contribution”).

  • In the event that notice is given to the DDA to pay its share of Local Share of Project Cost Overruns and the Special Assessment balance at that time is not sufficient to pay all of its required share, the DDA may request reasonable extensions of time to seek SIB Loan Agreement amendments with FDOT.

  • The County’s share of Project Cost Overruns under the Wave Project Agreement as same has been and may be amended.

  • The City shall pay fifty percent (50%) of any Local Share of Project Cost Overruns.

  • The DDA shall pay twenty-five percent (25%) of any Local Share of Project Cost Overruns, up to an annual maximum of Three Million Dollars ($3,000,000) per County fiscal year in each of County fiscal years 2018, 2019 and 2020; and for all time periods thereafter, fifty percent (50%) of such Local Share of Project Cost Overruns with no annual maximum.

  • The purpose and intent of this XXX are to allocate responsibility among the Parties for the Local Share of Project Cost Overruns and the Enhanced VMF Costs.

Related to Project Cost Overruns

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

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Total Project Cost means the lowest of the following:

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Project area budget means a multiyear projection of annual or cumulative

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Direct Costs means the sum of the following:

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Subprojects means more than one such Subproject.