Initial Project Budget definition

Initial Project Budget has the meaning set forth in Section 6.4(e)(i). “Initiating Member” has the meaning set forth in Section 11.5. “Land” has the meaning set forth in the Background.
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Initial Project Budget means, for each Project, the project budget setting forth the Projects Costs incurred or to be incurred for such Project delivered to the Agent by the Borrower prior to the first Utilization related to such Project pursuant to Section 3.01 or 3.02 of the Original Credit Agreement or Section 3.06 hereof, as applicable (in the case of an Initial Project) or Section 3.04 or 3.06 hereof, as applicable (in the case of a Subsequent Project).
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Initial Project Budget means the first version of the Project Budget as agreed or determined in accordance with Clause 11 (Project Budgets);
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Examples of Initial Project Budget in a sentence

  • The Adjusted Project Budget is the Initial Project Budget multiplied by the fractional value of the current CCCI ENR divided by the reference CCCI ENR.

  • This information—together with the anticipated durations—shall be used to establish the Initial Project Budget and Initial Project Schedule.

  • The construction cost component of the Initial Project Budget is used as a basis for estimates for the cost of other components.

  • The project cost estimate may be prepared by an independent cost estimating subconsultant of the Consultant hired by UW, and shall be reviewed and adjusted as appropriate in collaboration with the Planning Team and, once approved, shall become the Initial Project Budget for the project.

  • The project cost estimate may be prepared by an independent cost estimating subconsultant of the Consultant hired by UW, and shall be reviewed and adjusted as a ppropriate in collaboration with the Planning Team and, once approved, shall become the Initial Project Budget for the project.

  • Deliverables: • Up to 3 Aesthetic Design Concepts • Refined Functional Plans • Initial Civil & Landscape Plans • Initial Project Budget – to include Class 4 Cost Estimates for Concepts Developed in Part 2 Meetings: • One meeting, in person.

  • Initial Project Budget Actions from certain programs not already approved by Commission as a whole.

  • Each proposed Annual Revised Project Budget will be in a format similar to the Initial Project Budget and will be in such detail and accompanied by such supporting material as reasonably determined by the General Partner.

  • Initial and modified project budgets compared Budget itemInitial Project Budget (EURO) Initial Project Budget (%)* Technical Assistance The most recent details on budget expenditure that have been made available to date are provided in Table 2 below.

  • The Initial Project Budget shall be revised and updated periodically along with the ongoing planning and development of the Project, and Operator shall prepare a final Project budget based upon actual bids received from the Contractor based on final Plans and Specifications and FF&E Specifications for the Project.


More Definitions of Initial Project Budget

Initial Project Budget means the itemized schedules setting forth on a line item basis all of the estimated Project Costs attached hereto as ANNEX I.
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Initial Project Budget means the budget prepared by NSi setting out a detailed estimate of all costs involved in relation to achieving the milestones set out in SCHEDULE 5.
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Initial Project Budget is defined in Section 7.16(a).
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Initial Project Budget means the annual budget and cash flow forecast for the first Financial Year of the Company, prepared in accordance with the Accounting Policies and to be agreed between the Shareholders prior to completion of the Acquisition.
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Initial Project Budget means the itemised monthly budgeted costs and expenses for the period from the date of the Construction Contract up to and including the Scheduled Final Completion Date.
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Related to Initial Project Budget

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Development Budget means the cost categories listed on Pages 8 - 11 in Form 3 that are directly related to the proposed Project as submitted in the Application. Indirect or off-site costs not directly related to the development of the project are not valid or eligible costs.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Project area budget means a multiyear projection of annual or cumulative

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Approved Budget means an annual budget-

  • Capital Budget has the meaning given in Section 3.11(a).

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Operating Budget has the meaning given in Section 3.11(a).

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

  • Research Budget has the meaning set forth in Section 2.2.

  • Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • 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;

  • Project Implementation Unit or “PIU” means the unit referred to in Section I.A.1(b) of Schedule 2 to this Agreement.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • DIP Budget means the “Approved Budget” as defined in the DIP Term Facility Order.

  • Project Plans mean the plans for the Project that are attached to this Agreement as Exhibit “B.”

  • Qualified Project Costs means costs paid with respect to the Project that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be a 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 the interest accrued during construction of the Project shall be eligible to be a Qualified Project Cost as bears the same ratio to all such interest as the Qualified Project Costs bear to all costs of the construction of the Project; and provided further that interest accruing after the date of completion of the Project shall not be a Qualified Project Cost; and provided still further that if any portion of the Project is being constructed by an Affiliate (whether as general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out-of- pocket costs incurred by such affiliate in constructing the Project (or any portion thereof), (B) any reasonable fees for supervisory services actually rendered by such affiliate, and (C) any overhead expenses incurred by such affiliate which are directly attributable to the work performed on the Project, 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 construction of the Project or payments received by such affiliate due to early completion of the Project (or any portion there); (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 date of a declaration of “official intent” to reimburse costs paid with respect to the Project (within the meaning of §1.150-2 of the United States Treasury Regulations) or the date of issue of the Bonds, and (iv) if the costs of the construction of the Project were previously paid and are to be reimbursed with proceeds of the Bonds such costs were (A) costs of issuance of the Bonds, (B) preliminary capital expenditures (within the meaning of United States Treasury Regulations §1.150-2 (F) (2)) with respect to the Project (such architectural, engineering and soil testing services) incurred before commencement of construction of the Project 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 Project that are reimbursed no later than eighteen (18) months after the later of the date the expenditure was paid or the date the Project is placed in service (but no later than three (3) years after the expenditures is paid).

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.