Cost Overrun Advances definition

Cost Overrun Advances means any Advances (including any Advances made pursuant to Section 3.5 of the Participation Agreement for the purpose of financing Facility Fees, Capitalized Interest or Capitalized Yield) made for the purpose of paying Construction Costs to the extent such Advances result in the Property Cost exceeding the Aggregate Commitment Amount.
Sample 1

Examples of Cost Overrun Advances in a sentence

  • It is hereby acknowledged and agreed that the Cost Overrun Advances consist of the items and amounts described in Schedule 1 to this Amendment, that IRP has caused the Cost Overrun Advances to be paid for the benefit of the Project and the Company and that the Cost Overrun Advances are deemed additional Capital Contributions made by IRP in respect of its Class B Interests.

Related to Cost Overrun Advances

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

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Project Preparation Advance is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • Equipment Advance is defined in Section 2.1.1.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Advance has the meaning given in Section 2.1.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Aggregate Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the SMP Borrowing Base and the SI Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Cash Advance means the amount requested by you and advanced to you by any method approved by us according to the terms of this Agreement in cash or cash equivalent items (including, but not limited to, money orders, travelers checks, lottery tickets, casino chips, vouchers redeemable for cash, or racetrack xxxxxx).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).