Construction Budget definition

Construction Budget means the fully budgeted costs for the acquisition and construction of a given piece of Property (including without limitation, the cost of acquiring such piece of Property (except to the extent any portion thereof is Unimproved Land), reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs), as reasonably determined by the Borrower in good faith.

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Construction Budget means the cost of acquisition, installation, testing, constructing and developing any Property as determined by the Construction Agent in its reasonable, good faith judgment.

Construction Budget means University's written statement of funds available to pay for the cost of construction.

Examples of Construction Budget in a sentence

• Delivery of (a) the Construction Budget, (b) the Project Schedule, and (c) a sources and uses of funds demonstrating that the Facility, together with the Equity Contributions required to be made under the Equity Contribution Agreement and Guaranty, equal or exceed the anticipated total Project Costs as set forth in the Base Case Financial Model.

• At least 15 Business Days prior to the Closing Date, ▇▇▇▇▇▇ shall have received an executed certificate or other written verification reasonably satisfactory to Lender from Borrower and confirmed by the Independent Engineer verifying that $333,358,531.47 has been or will be applied to the payment of Eligible Project Costs included in the Construction Budget and incurred on or prior to the Closing Date.

More Definitions of Construction Budget

Construction Budget means the fully-budgeted costs for the acquisition and construction of a given piece of real property (including without limitation, the cost of acquiring such piece of real property (except to the extent any portion thereof is Unimproved Land included in the immediately following clause (iv)), reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs), as reasonably determined by the Borrower in good faith and (y) real property under construction to be (but not yet) acquired by the Borrower or a Subsidiary upon completion of construction pursuant to a contract in which the seller of such real property is required to complete construction prior to, and as a condition precedent to, such acquisition, shall be subject to this subsection;

Construction Budget means the budget available for total Construction Cost, determined or approved in writing by the City; provided that, as at the time of signing this Agreement, the Construction Budget (the “preliminary Construction Budget”) is as set out in Schedule C.

Construction Budget means the budget amount established by the District, representing the maximum authorized cost for construction of the Project. The Construction Budget does not include fees for professional architectural and engineering services, District inspection, or testing and inspection services.

Construction Budget is defined in Section 2.4 of the Construction Agency Agreement.

Construction Budget means that portion of the 'Project Budget' applicable to a Construction Contract;

Construction Budget means the amount of money that the District has allocated for all construction.

Construction Budget means that amount which is announced after the deadline for the receipt of bids, but prior to the opening of bids.