Cost Underruns definition

Cost Underruns means Authorized Improvements Costs that are less than the Budgeted Cost set forth in the SAP.
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Cost Underruns means Public Improvement Project Costs that are less than the budgeted cost set forth in the Service and Assessment Plans.
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Examples of Cost Underruns in a sentence

  • Cost Underruns: The State reserves the right to recapture all CDBG-MIT funds remaining due to cost underruns.

  • Upon receipt of all acceptance letters from the City for the Public Improvements within an improvement category as set forth in the Service and Assessment Plan, any Cost Underruns from that category may be released to pay for Cost Overruns in another improvement category, as approved by the City.

  • The Developer or its contractors may approve and implement any Change Orders even if such Change Order would increase the Actual Cost of an Authorized Improvement, but the Developer shall be solely responsible for payment of any Cost Overruns resulting from such Change Orders except to the extent amounts are available as Cost Underruns pursuant to Section 3.10 hereof.

  • Cost Underruns: The State reserves the right to recapture all CDBG funds remaining due to cost underruns.

  • If, upon the completion of construction of an Authorized Improvement (or segment or stage thereof) and reimbursement for such Authorized Improvement, there are Cost Underruns, any remaining Budgeted Costs shall be available to pay Cost Overruns on any other Authorized Improvement.

  • The Developer shall also make Developer Advances to pay for any cost overrun (“Cost Overrun”) after applying cost savings, including Cost Underruns.

Related to Cost Underruns

  • Direct Costs means the sum of the following:

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

  • Maximum allowable cost list means a list of drugs for

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Capitalized Software Expenditures means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted Subsidiaries during such period in respect of purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person and its Restricted Subsidiaries.