Financing Delay Costs definition
Financing Delay Costs has the meaning given to it in Schedule 4 (Change Compensation Principles).
Financing Delay Costs has the meaning given in the Change Compensation Principles.
Financing Delay Costs means an amount equal to interest payments on the Senior Debt Service Amount accrued and paid or which became payable in accordance with the Funding Agreements during the period of delay by Project Company or any Project Company Partner to the Senior Lenders up to and including such date, which, but for the Compensable Delay Event or Compensable Relief Event, would have been paid by MDOT to Project Company.
More Definitions of Financing Delay Costs
Financing Delay Costs means the incremental financing delay costs actually incurred by Project Co under the Financing Documents and any projected reduction or impact on the scheduled equity Distributions set out in the Financial Model, in each case as a direct consequence of a delay to the achievement of Commercial Acceptance by the Date for Commercial Acceptance. FM Base Costs means the actual costs of the FM Subcontractor properly and reasonably incurred by Project Co and directly attributable to implementing the recurrent elements of a Change Compensation Event including the cost of all Subcontractors to the FM Subcontractor engaged in respect of the Change Compensation Event, warranty costs and lifecycle costs, but excluding the FM Margin. FM Margin means the percentage that the FM Subcontractor may charge in accordance with Table 3 of this Schedule 4 on its FM Base Costs to cover all off-site overheads and administrative and corporate and other like costs and profits. Project Co Margin means the percentage that Project Co may charge in accordance with Table 1 or Table 3 (as relevant) of this Schedule 4 to cover all off-site and on-site overheads and administrative and corporate and other like costs and profit of Project Co (including the cost of Project Co’s project management services).