Approved Construction Budget. The Owner’s designated budget for the Cost of Construction, as indicated on the Pre-design Scope, Budget and Schedule Confirmation Form. Basis of Design: Documentation of the primary concepts and assumptions, influencing design decisions to comply with the design intent. The basis of design specifically describes the systems, components, conditions, and methods chosen to meet the design intent.
Approved Construction Budget means the budget for construction of the Project as approved by the Administrative Agent on the advice of the Construction Consultant on or before the Effective Date, a copy of which budget is attached hereto as Schedule 1, together with any modifications thereto so approved and any further modifications thereto made thereafter that are either Permissible Modifications or are approved in writing by Texas Resort Owner and the Administrative Agent in accordance with the terms of this Agreement.
Approved Construction Budget means the budget prepared in the manner set forth in Section 2.2(b) in connection with the development and construction of the Facility, which has been approved by Developer and the Tribe.
Examples of Approved Construction Budget in a sentence
Lender has established a construction reserve account (the “Construction Reserve Account”), into which funds shall be deposited for the payment of costs incurred by Borrower in connection with the Construction Work pursuant to the Approved Construction Budget.
More Definitions of Approved Construction Budget
Approved Construction Budget means the budget for total estimated Construction Costs, dated as of the date hereof and attached hereto as Exhibit B, as the same may be amended from time to time with the approval of the Agent.
Approved Construction Budget means the construction budget attached hereto as Schedule 7.2, as the same may be amended from time to time with the approval of Lender (and the Approved Construction Budget and Schedule 7.2 shall be deemed to be updated to the extent such approval is obtained).
Approved Construction Budget means the construction budget prepared by the Borrower and approved by the Administrative Agent, the Lenders and the Independent Engineer specifying the cost by category of all Project Costs, as the same may be supplemented or amended from time to time with the approval of the Administrative Agent.
Approved Construction Budget means the budget prepared by the Company, in form and substance satisfactory to the Agent, which budget specifies the estimated Actual Project Costs including: (a) all labor, materials and services necessary for the design, engineering, construction (including any fees which may be due to the Construction Agent), testing and start-up of the Improvements in accordance with the Construction Plans and (b) all interest and Distribution expenses, Facility Fees and Upfront Fees anticipated by the Company incident to the Advances made under the Interim Notes and the Investment made under the Certificates and the expenses to be incurred in connection with the design, engineering, procurement, construction, testing and start-up of the Improvements, as the same may be amended from time to time in accordance with the provisions of the Participation Agreement and the Agency Agreement.
Approved Construction Budget has the meaning set forth in Section 5.1.26(a) hereof.
Approved Construction Budget means the budget for construction of Town Components, as approved by the Xxxx Town Council.
Approved Construction Budget means a budget or cost itemization prepared by Borrower specifying the cost (direct and indirect) by item of all labor, materials, and services necessary for the Restoration in accordance with any and all applicable Plans and Specifications and all of the laws, rules and regulations of all Authorities having jurisdiction over the Hotel and all other expenses anticipated by Borrower incident to the Restoration. Prior to any Disbursement hereunder, Lender shall have received and approved the initial Approved Construction Budget.