Cost Overrun definition

Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

Cost Overrun means an increase in the Total Development Costs;

Cost Overrun means any Project Cost in excess of the amount budgeted for Base Project Costs as in effect on the date of the Common Agreement (after taking into account any reallocations of Owner’s Contingency among line items in accordance with Section 2.1 and Section 6.8(b) of the Common Agreement.)

Examples of Cost Overrun in a sentence

• The HKSAR Government reserves the right to refer to arbitration the question of the Company’s liability for the Current Cost Overrun (if any) under the XRL Preliminary Entrustment Agreement and XRL Entrustment Agreement (“Entrustment Agreements”) (including any question the HKSAR Government may have regarding the validity of the Liability Cap).

• The Transition Period is defined in Section F.3 (a) (2).CR (non-fee bearing) CLIN 0011CLIN 0011 – Transition Cost Overrun.

• With respect to Construction Contract Change Orders that could result in a Cost Overrun, StadCo, at the time of the Approval of such Construction Contract Change Order, shall provide adequate evidence to the Authority of StadCo’s ability to pay the amounts due as a result thereof.

• Further the Company has agreed to grant to NECE, Operation & Maintenance Cost Overrun Support, Yield Equalisation Support, interest differential support under certain Facilities and Major Maintenance Reserve Support, on need basis.

• If the Lenders are satisfied that the cost overrun can be funded with amounts in the Cost Overrun Reserve Account then no event of default would have occurred, and the lenders would approve further drawdown against the Loan Facility.

More Definitions of Cost Overrun

Cost Overrun means the difference (if a negative number) between the estimated cost of each stage of the development provided to, and approved by, us and the actual amount required to complete that stage of the development;

Cost Overrun has the meaning set forth in Section 2.5.3.

Cost Overrun means, with respect to each Authorized Improvement, the Cost or Actual Cost as appropriate of such Authorized Improvement in excess the Budgeted Cost.

Cost Overrun. Any Project Cost in excess of the Base Project Cost (excluding the Overrun Contingencies) amount budgeted therefor in the relevant line item of the Project Budget as in effect on the Common Agreement Date (after taking into account any reallocations (other than from Overrun Contingencies) among line items permitted pursuant to Section 6.8(b) of the Common Agreement.)

Cost Overrun means the amount by which Construction Costs exceed the Indexed Bid Construction Costs.

Cost Overrun shall have the meaning set forth in Section 4.02(d).

Cost Overrun means an amount determined at the sole discretion of the Lender, acting on the advice of its quantity cost surveyor, by which the actual cost of construction of a portion of the Project (determined on a line-by-line basis) exceeds the amount established for construction of that portion of the Project (determined on a line-by-line basis) in the Budget;