Allocation of Project Costs Sample Clauses

Allocation of Project Costs. A. [Left Blank Intentionally]
Sample 1
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Allocation of Project Costs. The total Project Costs to complete the Arena are currently estimated at $477,000,000. Subject to the terms of this Agreement, (A) the City shall pay for $223,130,100 of Project Costs (the "City Contribution") and convey the City Parcels having an agreed upon value of $32,049,480 to Affiliates of ArenaCo in accordance with the Property Conveyance Agreement to support the ArenaCo Contribution, and (B) ArenaCo shall pay for all Project Costs that exceed the City Contribution (the "ArenaCo Contribution"). The amount of the ArenaCo Contribution is currently estimated at $253,869,900 (which includes $32,049,480, reflecting the agreed upon value of the City Parcels that ArenaCo will deposit in the City Account pursuant to Section 3.3(E)(3); the City and ArenaCo agree that ArenaCo shall not be obligated to allocate any other portion of the ArenaCo Contribution or Project Costs or pay any other amount to the City for the conveyance of the City Parcels to Affiliates of ArenaCo). For the avoidance doubt, subject to Section 2.3, and other than additional Project Costs for Construction Work of Modifications for which the City is responsible pursuant to Section 21.7(B) of the Design and Construction Agreement, the City is not obligated in any manner to fund more than $223,130,100, or to convey property other than the City Parcels, to pay, or help ArenaCo pay, for Project Costs.
Sample 1
Allocation of Project Costs. The Parties hereby agree to participate in the cost of the Mobility Project #751, including but not limited to design, construction, engineering, testing, land or other related costs (the “Project Costs”) as follows: County Lesser of (i) $2,400,000 or (ii) 38% of total Project Costs for Phase 1, 2, 3 and 4 LID 19 All Project Costs for Phase 1 and Phase 2 Project Costs for Phase 3 less County participation SPMD Project Costs for Phase 4 less County participation if County funds remain unspent from Phase 3 Section 4 Design, Competitive Bid and Award of Phase 3.
Sample 1

Related to Allocation of Project Costs

  • Payment of Project Costs The Grantee agrees that it will provide for payment of its full share of Project costs and that all costs connected with the Project will be paid by the Grantee on a timely basis.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Project Construction Budget The project construction cost allowance specifically stated in writing as the ‘revised’ or ‘current’ ‘Project Construction Budget’ by the Trustees at each applicable phase of plan development.

  • Construction of Project 11.1.1 Developer agrees to cause the Project to be developed, constructed, and installed in accordance with the terms hereof and the Construction Provisions set forth in Exhibit D, including those things reasonably inferred from the Contract Documents as being within the scope of the Project and necessary to produce the stated result even though no mention is made in the Contract Documents.

  • Completion of Project The Borrower shall carry out the Project in accordance with the Technical Description as may be modified from time to time with the approval of the Bank, and complete it by the final date specified therein.

  • EVALUATION OF PROJECT BENEFITS The goal of this task is to report the benefits resulting from this project. The Recipient shall:

  • Construction Budget The total amount indicated by the District for the Project plus all other costs, including design, construction, administration, financing, and all other costs.

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.

  • Total Project Costs The sum of the Construction Cost, allowances for contingencies, and the total costs of services of Engineer or other design professionals and consultants, together with such other Project-related costs that Owner furnishes for inclusion, including but not limited to cost of land, rights-of-way, compensation for damages to properties, Owner’s costs for legal, accounting, insurance counseling and auditing services, interest and financing charges incurred in connection with the Project, and the cost of other services to be provided by others to Owner pursuant to Exhibit B of this Agreement.

  • Construction Cost Budget The total cost to District of all elements of the Project designed or specified by the Architect, as adjusted during and at the end of the design phase in accordance with this Agreement and the Agreement for Architectural Services. The Construction Cost Budget does not include the compensation of the Project Design Team, the Program Manager (if any), the Construction Manager and any subconsultants, the cost of the land, rights-of-way, or financing which are the responsibility of the District.

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