Cost Saving has the meaning given in Clause 3.2(b)(iii)(B) (Standard of Service);
Cost Saving has the meaning set forth in Section 2.1.11(d) hereof. “Costs” means, collectively, all costs and expenses of constructing the Project (or, with respect to Reimbursable Costs, all costs and expenses of construction of the Project prior to the Closing Date, not to exceed $33,432,725) and operating the Property (including, without limitation, all Approved Project Expenditures and Interest and Carry Costs) through the Maturity Date whether or not set forth in the Construction Budget or the Approved Annual Budget. “Debt” means the Outstanding Principal Balance, together with all interest accrued and unpaid thereon, and all other sums (including the Prepayment Premium) due from Borrower under the Loan Documents to which it is a party. “Debt Service” means, with respect to any particular period of time, scheduled principal and/or interest payments due under this Agreement. “Debt Yield” means, as of any date of determination, the amount (expressed as a percentage) determined by dividing the UNOI by the sum of (a) the Outstanding Principal Balance and (b) the Mezzanine Loan Outstanding Principal Balance. “Default” means the occurrence of any event hereunder or under any other Loan Document which, but for the giving of notice or passage of time, or both, would be an Event of Default. “Default Rate” means a rate per annum equal to the lesser of (a) the Maximum Legal Rate and (b) five percent (5%) above the Interest Rate. “Deficiency” means, as of any date of determination, the amount by which the sum of (i) such portion of the Loan and the Mezzanine Loan (so long as Mezzanine Lender is not in default of its obligations to fund Mezzanine Loan Additional Advances thereunder), in each case, as remains to be advanced as of such date in respect of Approved Project Expenditures (but only to the extent such unadvanced amounts are permitted (or would be permitted, upon satisfaction of applicable conditions precedent) pursuant to the Loan Documents to be applied to the applicable Costs and excluding undisbursed amounts in the Construction Budget for Interest and Carry Costs and other sums to be advanced to pay non-construction costs such as marketing costs), plus (ii) amounts that are guaranteed pursuant to the Equity Funding Guaranty (provided that no claim is then being pursued by Lender in respect of any of the Guarantees and Guarantor is not then in default or in breach of any of its obligations in respect of any of the Guarantees) with respect to Approved Project Expend...
Examples of Cost Saving in a sentence
Mail-Service Pharmacy - A Special Cost Saving Opportunity A convenient way to get maintenance prescriptions is through the mail.
Typically, computer models can be built much faster than prototypes, and they can be executed faster than running an experiment.† Cost Saving.
Achieving 30% Goal: Energy and Cost Saving Analysis of ASHRAE/IES Standard 90.1-2010.
The Authority will be entitled to deduct any Cost Saving from sums otherwise payable by the Authority to the Supplier under this Contract.
The design life of the concerned works should be well defined in the Cost Saving Design for determination of the net present value of any increase in the associated O&M costs.
More Definitions of Cost Saving
Cost Saving shall have the meaning given to the term in Clause Error! Reference source not found. of Part D of Schedule 7;
Cost Saving means, with respect to any Project:
Cost Saving means, in relation to a heating qualifying action,—
Cost Saving means, at any time the amount of any item of costs and expenses comprised within the Projected Costs, being counted as and when actually incurred, is less than the Budgeted Costs for that item at that time;
Cost Saving means, at any time, the amount by which the Lender is satisfied that costs and expenses under a Project phase is less than the Cost Plan for that Project phase.
Cost Saving has the meaning set forth in Section 5.3(f) hereof.
Cost Saving means, with respect to any Budget Line Item, the amount of the undisbursed or saved portion thereof resulting from the fact that (i) the work attributable to such Budget Line Item has been completed without the expenditure of all amounts in the Cost Breakdown allocated to such Budget Line Item or (ii) Borrower shall have demonstrated to Administrative Agent’s satisfaction that such Budget Line Item will be completed without the expenditure of all amounts allocated to such Budget Line Items in the Cost Breakdown.