Development Amount definition

Development Amount has the meaning given to it in the Template Project Agreement set Analysis" out at Section 2 (Design and Build Development Agreement) of Schedule 7 (Template Project Agreements);

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Development Amount means the sum of £[INSERT SUM]

Development Amount means $25,000,000 per development, or $50,000,000 in the aggregate, which limits shall apply in respect of amounts to be expended following the date hereof; provided, however, such $50,000,000 amount may be increased, at the option of the Company in its sole discretion, in which case the Capital Expenditure Amount shall be correspondingly reduced by the amount of any such increase; provided further, no such reduction to the Capital Expenditure Amount shall reduce the amount to be expended in respect of the hotel tower expansion at Caesars Palace in Las Vegas or the Atlantic City Caesars parking garage. Notwithstanding the foregoing, for the purposes of calculating such $25,000,000 and $50,000,000 amounts, any amounts already budgeted for in the 2004 and 2005 budget provided to Parent on or prior to the date hereof shall not be considered. For purposes of calculating the Development Amount, any amounts incurred pursuant to Section 5.01(a)(iv) or 5.01(a)(viii) shall be aggregated.

Examples of Development Amount in a sentence

• The Development Amount shall be a lump sum fixed price for the carrying out of hubco's obligations under the Agreement and shall not be altered or adjusted in any way whatsoever (and hubco shall not be entitled to any payment in respect of the Works or this Agreement) except in accordance with the express provisions of this Agreement.

• Developer will maintain books and records that clearly describe the application of the Development Amount toward development of the Licensed Game.

• Upon a Cessation of Development Determination in accordance herewith, the Buyer has no further obligation with respect to the expenditure of the Minimum Development Amount.

• In the event any such inspection reveals that Developer has allocated or spent any material part of the Development Amount for purposes unrelated to the development of the Licensed Game, then in addition to any and all other rights and remedies available to Licensee hereunder, Developer shall immediately return to Licensee such amount, upon written demand from Licensee, and the Parties shall agree upon a reasonably prompt payment schedule and/or time frame for such return.

• Developer represents that the Development Amount, when taken together with funds that are currently available, or that Developer reasonably believes will become available within a commercially reasonable timeframe, to Developer to develop the Licensed Game, is an amount that will be sufficient to develop the Licensed Game for the Committed Platforms in accordance with the Agreement.

• To the extent of the Minimum Development Amount, Licensee shall deliver the Minimum Development Amount in accordance with the Anticipated Installment Schedule; thereafter Licensee shall deliver amounts in accordance with Section 6.2.

• Licensee may examine these books and records as they relate to the application of the Development Amount, such examination to occur during regular business hours, upon reasonable advance written notice, and in a manner that is not disruptive to Developer's business.

• Developer hereby acknowledges that, except to the extent required to deliver the Minimum Development Amount in accordance with the Anticipated Installment Schedule, Licensee will not make available the amounts delivered pursuant to Sections 6.1 and 6.2 at any one time, but will make periodic payments of such amounts to Developer in a manner which enables Developer to pay the expenses of development and publication of the Licensed Game as set forth in the Resource Schedule ("Development Expenses").

• Licensee shall pay to Developer $600,000 (the "Minimum Development Amount") plus additional amounts up to a maximum total amount of $3,000,000 (the "Maximum Development Amount"), to be used by Developer in the development and publishing of the Licensed Game.

• The Authority shall, in accordance with the provisions of this Clause 27, pay to hubco the Development Amount in consideration of the performance by hubco of its obligations under this Agreement in accordance with this Agreement.

More Definitions of Development Amount

Development Amount means for any period covered under a Periodic Report, the Positive Development Amount or the Negative Development Amount, as the case may be, for such period.

Development Amount means funds to be used in the development and publishing of the Licensed Game equal to $300,000 plus additional amounts up to a maximum Development Amount of $3,000,000.

Development Amount means, subject to subsection (c) below, an amount (which may be positive or negative) equal to the sum of

Development Amount has the meaning set forth in Section 2.1(b) hereof.

Development Amount means, with respect to a Project, the portion of the Project Loan Amount which is available to be disbursed for Qualified Project Expenditures which relate to, or will be required by the Project Borrower in connection with, the Development Work, as such amount may be adjusted from time to time by mutual consent of the Lender and the Project Borrower evidenced by a written statement or agreement executed and delivered by the Lender and the Project Borrower.

Development Amount means for any period covered under a Periodic Report, the Positive Development Amount or the Negative Development Amount, as the case may be, for such period. “Dispute” shall have the meaning set forth in Section 9.1(a) hereof. “Dispute Notice” shall have the meaning set forth in Section 9.1(b) hereof.