Contingency Line Item definition

Contingency Line Item means the Line Item in the Construction Budget identified as “contingency” that is intended to cover the eventuality of unforeseen Project Costs.
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Contingency Line Item shall have the meaning set forth in Section 3.10(a).
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Contingency Line Item shall have the meaning assigned to such term in the Mortgage Loan Agreement.
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Examples of Contingency Line Item in a sentence

  • In no event may the Contingency Line Item of the Building Loan Budget be reallocated to any Line Item in the Project Loan Budget.

  • Provided no Event of Default exists and with Lender’s consent (which shall not be unreasonably withheld), after Completion of the Improvements, Borrower may draw amounts available under the Contingency Line Item of the Project Loan Budget to fund Shortfalls in monthly interest due, which amounts shall be deposited in the Interest Reserve.

  • The Contingency Line Item in the Building Loan Budget for Hard Costs shall contain at least five percent (5%) of the total projected Hard Costs, separate from the Contingency Line Items in the Project Loan Budget.

  • Attached please find copies of the County’s documentation for the sale of the property for tax deed and a draft copy of Resolution 2015-005 A Resolution Approving the Transfer of Funds from the Town’s General Government Contingency, Contingency Line Item to the Land Acquisition Line Item in the Town’s CY 2015 Budget.

  • A motion was made by Bitler, seconded by VanDeVelde to approve the $25,000.00 transfer from the Contingency Line Item in the Tort Fund.

  • Lender will not be required to make Advances in excess of the amount of any Line Item in the Budget unless Cost Savings from other Line Items or portions of the Contingency Line Item have previously been reallocated in accordance with Section 3.6, or Equity Payments have been contributed by Borrower or Manager with respect, to such Line Item, in amounts equal to or greater than such excess over the Budget.

  • Borrower may from time to time request that portions of the Contingency Line Item be reallocated to other Line Items.

  • Action Requested: Motion to transfer $80,000 from the Contingency Line Item to “Contracted Services- Other” with authorization of the Chair to execute the task order.

  • Horn presented a request for a transfer in the amount of $25,000.00 from the Contingency Line Item in the Tort Fund (02) to pay for charges involved with the wind farm negotiations.

  • Lender shall not unreasonably withhold such approval for the reallocation of (i) up to the first fifty percent (50%) of the Contingency Line Item, or (ii) any amounts of the Contingency Line Item which will not cause the percentage of the Contingency Line Item utilized through such date to exceed the percentage of the Budget expended through such date, but may withhold such approval in its discretion for any other reallocation.


More Definitions of Contingency Line Item

Contingency Line Item means the line item in the Budget identified as “Contingency” which is intended to cover the eventuality of unforeseen costs or cost overruns. Upon any such reallocation of all or any portion of any such Cost Savings to any line item in the Budget, the amount of such Cost Savings shall no longer be deemed “Cost Savings” hereunder, but shall be deemed to be part of the line item in the Budget to which such amount was reallocated.
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Contingency Line Item is defined in Section 3.9.
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Contingency Line Item has the meaning ascribed to such term in the Master Loan Agreement.
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Contingency Line Item is defined in Section 6.4(f)(i).
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Related to Contingency Line Item

  • contingency fee means any payment or other compensation that is contingent upon or is calculated upon the basis of a degree of success in soliciting or obtaining a Government contract or negotiating the whole or any part of its terms;

  • Contingency Fund means a monetary amount that continues month to month, if approved by a case manager, that is set aside in the Independent Choices Program service budget to purchase identified items that substitute for personal assistance.

  • Contingency Reserve means the sum of all assets minus the sum of all liabilities of a health care corporation, as shown in the annual financial statement filed under section 602.

  • Contingency means the identified and possible or already occurred fault of an element, including not only the transmission system elements, but also significant grid users and distribution network elements if relevant for the transmission system operational security;

  • Contingency operation means a military operation that results in the call or order to, or retention on, active duty of members of the uniformed services during a war or during a national emergency declared by the President or Congress.

  • Line Item means a field of information (or a combination of fields of information) to be entered in a Settlement Schedule by any Participating Subscriber in relation to a Conveyancing Transaction.

  • Emergency Situation means a situation in which an individual is experiencing a serious mental illness or a developmental disability, or a minor is experiencing a serious emotional disturbance, and 1 of the following applies:

  • Base flood elevation (BFE) means the elevation shown on the Flood Insurance Rate Map for Zones AE, AH, A1-30, VE and V1-V30 that indicates the water surface elevation resulting from a flood that has a 1-percent or greater chance of being equaled or exceeded in any given year.

  • Emergency shelter means a facility that provides a

  • Emergency Repairs means repairs to a utility facility located in or adjacent to a primary city street that must be performed immediately when the necessity arises to safeguard life or property or maintain continued operation of the facility.

  • Emergency Load Response Program means the program by which Curtailment Service Providers may be compensated by PJM for Demand Resources that will reduce load when dispatched by PJM during emergency conditions, and is described in Operating Agreement, Schedule 1, section 8 and the parallel provisions of Tariff, Attachment K-Appendix, section 8. Energy Efficiency Resource: “Energy Efficiency Resource” shall have the meaning specified in the PJM Reliability Assurance Agreement. Energy Market Opportunity Cost:

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • National Contingency Plan or “NCP” shall mean the National Oil and Hazardous Substances Pollution Contingency Plan promulgated pursuant to Section 105 of CERCLA, 42 U.S.C. § 9605, codified at 40 C.F.R. Part 300, and any amendments thereto.

  • 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.

  • Emission control system means the electronic engine management controller and any emission related component in the exhaust or evaporative system which supplies an input to or receives an output from this controller.

  • Emergency Expenditure means with respect to Part 3.2 of the Project, any of the Eligible Expenditures set forth in the CERC Operations Manual in accordance with the provisions of Section I.A.3 of Schedule 2 to this Agreement and required for the activities included in the CERC Part of the Project.

  • Emergency Situations Fire, any other casualty, or any other events, circumstances or conditions which threaten the safety or physical well-being of the Facility's guests or employees or which involve the risk of material property damage or material loss to the Facility.

  • Base Flood Elevation (BFE means a determination of the water surface elevations of the base flood as published in the Flood Insurance Study. When the BFE has not been provided in a “Special Flood Hazard Area”, it may be obtained from engineering studies available from a Federal, State, or other source using FEMA approved engineering methodologies. This elevation, when combined with the “Freeboard”, establishes the “Regulatory Flood Protection Elevation”.

  • Busy Line Verification (BLV means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Special Flood Hazard Area (SFHA means the land in the floodplain subject to a one percent (1%) or greater chance of being flooded in any given year, as determined in Article 3, Section B of this ordinance.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Contingency plan means a document setting out an organized, planned, and coordinated course of action to be followed in case of a fire, explosion, or release of hazardous waste or hazardous waste constituents which could threaten human health or the environment.

  • PJM Region Reliability Requirement means, for purposes of the Base Residual Auction, the Forecast Pool Requirement multiplied by the Preliminary PJM Region Peak Load Forecast, less the sum of all Preliminary Unforced Capacity Obligations of FRR Entities in the PJM Region; and, for purposes of the Incremental Auctions, the Forecast Pool Requirement multiplied by the updated PJM Region Peak Load Forecast, less the sum of all updated Unforced Capacity Obligations of FRR Entities in the PJM Region.

  • Emergency generator means any generator of which the sole function is to provide emergency backup power during an interruption of electrical power from the electric utility. An emergency generator does not include:

  • Turbidity means the cloudy condition of water due to the presence of extremely fine particulate materials in suspension that interfere with the passage of light.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic