Construction Allowance definition

Construction Allowance means the allowance to be provided by BNPPLC for the design and construction of the Construction Project, against which and from which Carrying Costs, Construction Advances and other amounts will be or may be charged and paid as provided in various provisions of this Agreement (including Paragraphs 3, 4 and 8).

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Construction Allowance is as defined in the Tariff.

Construction Allowance has the meaning indicated in the Construction Agreement.

Examples of Construction Allowance in a sentence

• The Construction Allowance shall not be disbursed to Tenant in cash, but shall be applied by Landlord to the payment of the Total Construction Costs, if, as, and when the cost of the Work is actually incurred and paid by Landlord.

• Tenant shall pay all costs attributable to Change Orders, including costs incurred by Landlord in reviewing proposed Change Orders (provided that to the extent funds are available, such costs may be paid or reimbursed from the Construction Allowance).

• Upon approval of the Working Drawings and selection of a contractor, Tenant shall promptly execute a work order agreement which identifies such drawings and itemizes the Total Construction Costs and sets forth the Construction Allowance.

• No advance of the Construction Allowance shall be made by Landlord until Tenant has first paid to the contractor from its own funds (and provided reasonable evidence thereof to Landlord) the anticipated amount by which the projected Total Construction Costs exceed the amount of the Construction Allowance.

• The Construction Allowance shall be disbursed in the amount reflected on the receipted bills meeting the requirements above.

More Definitions of Construction Allowance

Construction Allowance means a credit applied toward the cost of the construction of new facilities provided by the Association pursuant to these regulations.

Construction Allowance means the allowance, consisting of Construction Advances and Carrying Costs, which is to be provided for the Construction Project as more particularly described in the Construction Management Agreement and Paragraph 6 of the Improvements Lease.

Construction Allowance means an accounting practice that

Construction Allowance means the allowance, consisting of all Construction Advances and Carrying Costs, which is to be provided by Landlord for the construction of the Designated Improvements as more particularly described in Paragraph 6 below. (ab)

Construction Allowance means that amount, if any, payable by Landlord in accordance with Exhibit C-Addendum.

Construction Allowance shall have the meaning ascribed to such term in the Lease.

Construction Allowance is defined in Paragraph G of the SLP.