Final Project Costs definition

Final Project Costs means the “Final Project Costs” described in Part C of Appendix ‘B’.
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Final Project Costs means the actual incurred or accrued (in the case of interest during construction) costs to construct the Project, including all of the costs outlined in the Construction Budget, which have actually been incurred, and excluding the GE Inclusion Amount. “GE Inclusion Amount” is equal to the yen amount (if any) that the lenders under the Tsugaru Credit Agreement agree to include as Project Costs in the final, executed version of the Tsugaru Credit Agreement, which is expected to be Japanese Yen 1,276,000,000. “Project Costs” means (i) the final amount of the Project Costs as defined in the Tsugaru Credit Agreement, less (ii) the GE Inclusion Amount, if any; provided that if there are any material changes to the definitions of “Project Costs” or “Construction Budget” (including material changes to any of the defined terms used therein) set forth in the Tsugaru Credit Agreement, then the parties will cooperate in good faith to make any appropriate changes to the definitions of “Project Costs” or “Construction Budget,” as applicable, as such term is used herein. “Tsugaru Credit Agreement” means that certain draft credit agreement dated January 10, 2018, to be entered into by and among the Project Company as Borrower, the Bank of Tokyo-Mitsubishi UFJ, Ltd. as Administrative Agent and the other parties thereto. Financial Model Adjustment “Financial Model Adjustment” means an increase or decrease, as the case may be, in the Deferred Purchase Price payable at the Final Completion Date necessary to maintain under the updated Financial Model contemplated by paragraphs (1) and (2) below the 20 year after tax IRR of the Purchaser (which shall be denominated in Japanese Yen) (the “Purchaser’s Return”) on a basis consistent with the calculations in the Financial Model. The Financial Model Adjustment shall be determined as follows:
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Final Project Costs has the meaning given in paragraph C.1 of Appendix B. “Financial Assurances” has the meaning given in the Rules and Regulations.
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Examples of Final Project Costs in a sentence

  • Upon such determination, if there is a difference between the Re-estimated Project Costs and the Final Project Costs, Carrier will deliver a Notice (the “Capital Variance Notice”) to Shipper.

  • The Capital Variance Notice will set out the Final Project Costs, the resulting Capital Variance and the required adjustment to the Fixed Toll.

  • Until Landlord delivers the Final Project Costs Statement (defined below), Tenant shall pay monthly estimated Base Rent in the amount of the Estimated Base Rent, and following the determination of the actual Base Rent, any underpayments or overpayments of Base Rent by Tenant shall be reconciled as set forth in this paragraph.

  • If following any such review and audit, Tenant's accountants and advisors deliver a written report indicating that the Total Project Costs, Includable Project Cost Overages, or Remaining Contingency included in the Final Project Costs Statement is incorrect, Tenant shall deliver such report to Landlord, and Tenant and Landlord shall thereafter endeavor in good faith to reach agreement upon the actual Total Project Costs, Includable Project Cost Overages, and Remaining Contingency within 30 days thereafter.

  • If Tenant fails to so dispute Landlord’s Final Project Costs Statement within such 60-day period, Tenant shall be deemed to have accepted the Total Project Costs, Includable Project Cost Overages, and Remaining Contingency.

  • The Final Project Costs DCIP is attached and incorporated into this Agreement by reference as Attachment C.

  • If Tenant disputes Landlord’s determination of the Total Project Costs, the Includable Project Costs Overages, or the Remaining Contingency, Tenant shall deliver written notice of such dispute to Landlord within 60 days following Tenant’s receipt of the Final Project Costs Statement.

  • Within thirty (30) days after the delivery by Landlord of the Final Project Costs Statement (the “Tenant Reimbursement Date”), Tenant shall pay to Landlord, as Additional Rent under the Lease, the entire amount of Rooftop Terrace Project Costs, including any accrued interest thereon.

  • When the Interim Rent Commencement Date and/or Full Rent Commencement Date have been determined, Landlord and Tenant shall execute and deliver a statement, in duplicate, specifying such dates, Final Project Costs, the actual number of square feet of Land and other matters specified therein, which completed statement shall be attached to and constitute a part of this Lease, as Exhibit 3.

  • If Tenant so disputes Landlord’s Final Project Costs Statement within such 60-day period, Tenant and its accountants and advisors shall have the right to review (at Landlord’s offices in Dallas County, Texas) all financial books and records of Landlord and the General Contractor relating to the construction of the Base Building Improvements.


More Definitions of Final Project Costs

Final Project Costs means the sum of the Final Acquisition Costs and the Final Construction/Conversion Costs.
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Final Project Costs means the sum of the actual development, construction and acquisition costs of the KXL Expansion Facilities, expressed in Canadian dollars.
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Final Project Costs means the actual development, construction and acquisition costs of the Keystone Initial Facilities and the Expansion Facilities, expressed in Canadian dollars.
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Final Project Costs means the sum of the actual AFUDC, development, construction and acquisition costs of the Keystone Hardisty Terminal, having a scope as described in Appendix ‘D’, expressed in Canadian dollars.
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Final Project Costs means the Outstanding Balance computed as of the Completion Date after giving effect to any Payments made hereunder in connection with the Completion of the Facility (less amounts funded for punch list items that are not expended for such purpose and applied to repayment of the Lease Indebtedness and Owner Trust Contributions).
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Final Project Costs shall be determined by computing the aggregate total of all line item components on the May 30, 2019 Total Development Budget submitted to the City/MCDC.
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Related to Final Project Costs

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Qualified Project Costs means Project Costs that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general Federal income tax principles and in accordance with United States Treasury Regulations §1.103-8(a)(1), provided, however, that only such portion of interest accrued during rehabilitation of the Projects shall be eligible to be a Qualified Project Cost as is so capitalizable and as bears the same ratio to all such interest as the Qualified Project Costs bear to all Project Costs; and provided further that interest accruing after the date of completion of the rehabilitation of the Projects shall not be a Qualified Project Cost; and provided still further that if any portion of any of the Projects is being rehabilitated by an Affiliated Party (whether as a general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out-of-pocket costs incurred by such Affiliated Party in rehabilitating the Projects (or any portion thereof), (B) any reasonable fees for supervisory services actually rendered by the Affiliated Party, and (C) any overhead expenses incurred by the Affiliated Party which are directly attributable to the work performed on the Projects, and shall not include, for example, intercompany profits resulting from members of an affiliated group (within the meaning of Section 1504 of the Code) participating in the rehabilitation of the Projects or payments received by such Affiliated Party due to early completion of the rehabilitation of the Projects; (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to the Inducement Date or the Closing Date, and (iv) if the Project Costs were previously paid and are to be reimbursed with proceeds of the Loan or the Bonds, such costs were (A) costs of issuance of the Issuer Note, (B) preliminary capital expenditures (within the meaning of United States Treasury Regulations §1.139-2(f)(2)) with respect to the Projects (such as architectural, engineering and soil testing services) incurred before commencement of the rehabilitation of the Projects that do not exceed twenty percent (20%) of the issue price of the Bonds (as defined in United States Treasury Regulations §1.148-1), or (C) were capital expenditures with respect to the Projects that are reimbursed no later than eighteen

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.