Project Cost Statement definition

Project Cost Statement. The certificate of Borrower in which Borrower certifies to Lender the total of all Hard Costs and Soft Costs necessary to complete the Project in accordance with the Drawings and Specifications, and certifies to Lender the amount and source of Borrower’s Equity, all as verified by Inspecting Engineer.
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Project Cost Statement. The statement setting forth, by category, the aggregate cost of each category of construction with respect to Project 1, Project 2 and/or Project 3, as applicable, as well as the amount of the applicable Loans and Borrower’s equity contribution attributable to each category.
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Project Cost Statement. A statement in the form of EXHIBIT A setting forth, ---------------------- by category, the Direct and Indirect Costs of completion of the Improvements and the Loan Budget Amounts in respect of the Direct Costs Loan and Indirect Costs Loan.
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Examples of Project Cost Statement in a sentence

  • If at any time during the existence of this Agreement the undisbursed balance of the Loan budget amount for any category of cost shown on the Initial Project Cost Statement is, in the Lender's sole judgment, excessive, the excess may be reallocated to any other Loan budget amount balance which is deemed by the Lender to be insufficient.

  • The Borrower shall cause the bearing capacity of the soil on the Loan to be made sufficient to support the Improvements, and sufficient local utilities to be made available to the Project and installed at costs (if any) set out in the Sworn Project Cost Statement, on or before the Completion Deadline.

  • If the Lender or the Borrower determines that the unAdvanced balance of Loan proceeds is insufficient to cover any cost allocation set forth on the Sworn Project Cost Statement, including the Reserves and interest during construction, or to complete the Project, it shall notify the other party of such determination, and the Borrower shall, within ten (10) Business Days after such notice, deposit with the Lender funds equal to the amount of the deficiency.

  • Total Project Costs" shall mean being the total amount estimated by the Borrower as necessary to complete the Project, as set forth in and certified by the Borrower in the Total Project Cost Statement.

  • The Borrower shall use the Loan proceeds solely to pay, or to reimburse the Borrower for paying, costs and expenses shown on the Sworn Project Cost Statement approved by the Lender and incurred by the Borrower in connection with the acquisition, development and construction of the Project.

  • Total Project Cost Statement" shall mean the certificate of the Borrower in which the Borrower certifies to M&I the Borrower's reasonable estimate of the total of all Hard Costs and Soft Costs necessary to complete the Project in accordance with the Drawings and Specifications.

  • Soft Costs" shall mean the costs of constructing the Project which are set forth as Soft Costs on the Total Project Cost Statement.

  • Upon approval of the Developer’s Phase Project Cost Statement as applicable to the designated Phase, the Authority shall transmit the approval to the Director of the Division of Taxation (“Director”), New Jersey Department of the Treasury.

  • The Borrower shall have executed and delivered to the Lender a preliminary construction statement in form and substance acceptable to the Lender duly executed by the Borrower showing (if such advance related only to land acquisition costs), in summary form the projected Hard Costs relating to such Project or (if such advance includes payment of Hard Costs other than land acquisition costs), all Hard Costs in detail relating to such Project (a "Project Cost Statement").

  • If at ------------------------------------------------- any time the undisbursed balance of the Loan Budget Amount for any category of cost shown on the Project Cost Statement (including, without limitation, "Interest on Loan") is, in Administrative Agent's judgment, excessive, the excess may be reallocated to any other Loan Budget Amount balance which Administrative Agent deems to be insufficient after consultation with or upon request of Borrower.


More Definitions of Project Cost Statement

Project Cost Statement shall have the meaning given to such term in Section 2.1(d)
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Project Cost Statement means the detailed projection of all costs and expenses required to finance the Project.
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Project Cost Statement means a statement of the Project Costs incurred by the Development Manager up to the date of the specified statement and which has not previously been included in a prior statement. Quantum Funding Date means the date of payment of the Second Contribution by Quantum under the Joint Venture Agreement.
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Project Cost Statement means a statement of the Project Costs incurred by the Development Manager up to the date of the specified statement and which has not previously been included in a prior statement. Transaction Documents means this Agreement, the Joint Venture Agreement, the Building Contract, securities for the Development Finance, Contracts for Sale and all other agreements and documents entered into or created for the purposes of the One Wharf Project.
Sample 1

Related to Project Cost Statement

  • 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.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • 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.

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • 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;

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

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

  • Environmental impact statement means a detailed written statement as required by section 102(2)(C) of the Act.

  • 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.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Approved Budget means an annual budget-

  • Closing Statement has the meaning set forth in Section 2.5(a).