Phase 1 Budget definition

Phase 1 Budget shall have the meaning set forth in Section 4.5.
Phase 1 Budget means the Phase 1 Budget attached as Exhibit C-1.

Examples of Phase 1 Budget in a sentence

  • Except as provided in Sections 3.2.4 and 3.2.5, in the event that the actual Phase 1 costs exceed the amount set forth in the Phase 1 Budget approved at the same time as this Agreement, then County shall pay fifty percent (50%) and Developer shall pay fifty percent (50%) of such excess costs until the Developer has paid the maximum aggregate amount of Two Hundred Thousand Dollars ($200,000.00).

  • No City General Funds or Port Harbor Funds are pledged or made liable under this Phase 1 Budget.

  • To the extent the County’s share of Phase 1 excess costs exceeds five percent (5%) of the Phase 1 Budget approved in conjunction with this Agreement plus the excess cost contribution of $200,000 identified herein, and Developer does not pay such additional costs within ten (10) business days of written notice from County, without reimbursement from the County, either Party may in writing terminate this Agreement for cause.

  • Such Phase 1 Business Plan also contains a draft of the Phase 1 Budget described below.

  • To the extent possible, costs associated with investigating, assessing and addressing the environmental conditions shall be addressed in the Phase 1 Budget and the Phase 2 Budget as well as the cost overrun/savings provisions of this Agreement.

  • This requirement is intended to provide the Port Commission with an opportunity to understand the feasibility of each phase of the project, prior to approving hard cost expenditures.Port staff has confirmed the Phase 1 Budget is complete pursuant to the requirements in the DDA and has found it to be consistent with the Funding Goals, Project Requirements and Budget Guidelines.

  • The Phase 1 Budget includes soft and hard cost estimates that represent a significant increase from the term sheet and project approvals.

  • Specifically, the Phase 1 Budget includes between $74.9 million and $90.2 million in fees from commercial Parcel B and between $60.4 million and $91.1 million in fees from commercial Parcel G; all fees will go to fund development of BMR units in Parcels A and F.

  • In addition to approval of the Phase 1 Budget, the Phase 1 Budget relies on the below implementing actions.

  • Dulles Metrorail Project Phase 1 Budget and Actual Expenditures As of April 2015 Source: Phase 1 budget and expenditures reported in MWAA’s Monthly Progress Reports for April 2015 (issued in May 2015) and the Monthly Cost and Schedule Update as of April 30, 2015, presented to MWAA’s Board of Directors on June 17, 2015.

Related to Phase 1 Budget

  • 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.

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

  • 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

  • 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.

  • 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.

  • 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.

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

  • Approved Budget means an annual budget-

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

  • 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.

  • 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.

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

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

  • Phase 1 means the first implementation phase of this section, beginning June 1, 2018 and ending May 31, 2022.

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

  • Annual Operating Budget has the meaning set forth in Section 4.11.

  • 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.

  • Approved Project means the Scheme application of the Applicant approved by the CIC.

  • 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;

  • Wind-Down Budget means a budget to be prepared by the Debtors, and reasonably acceptable to the Deerfield Requisite Supporting Noteholders, the Unaffiliated Requisite Supporting Noteholders, and the Committee, which shall be filed with the Court as part of the Plan Supplement, and which may be amended from time to time after entry of the Confirmation Order, subject to the consent of the Oversight Committee, which consent shall not be unreasonably withheld, and which shall estimate the funds necessary to administer the Plan and wind down the Debtors’ affairs, including the costs of holding and liquidating the Estates’ remaining property, objecting to Claims, making the Distributions required by the Plan, prosecuting claims and Causes of Action that may be held by the Estates against third parties that are not released, waived or transferred pursuant to the Plan (including pursuant to Article X) or otherwise, paying Taxes, filing Tax returns, paying professionals’ fees and expenses, paying the fees and expenses of the Oversight Committee, funding payroll and other employee costs, providing for the purchase of errors and omissions insurance and/or other forms of indemnification for the Plan Administrator, and for all such items and other costs of administering the Plan, the Estates and the Liquidating Debtors (other than the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Professional Fee Reserve).

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • Phase III means human clinical trials, the principal purpose of which is to establish substantial evidence of both safety and efficacy in patients with the disease or condition being studied, as more fully defined in 21 C.F.R. §312.21(c) or similar clinical study in a country other than the United States. Phase III shall also include any other human clinical trial intended to serve as a pivotal trial to support the submission of an application for regulatory approval.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • 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.

  • 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.