Project Costs Budget definition

Project Costs Budget means the budget detailing the Total Project Costs, as set forth in Exhibit 7 attached hereto.
Project Costs Budget shall have the meaning given to such term in Section 5(b). "Proper Forums" shall have the meaning given to such term in Section 38. "Renovation Costs" shall have the meaning given to such term in Section 5(a)(i). "Renovation Work" shall have the meaning given to such term in Section 5(a)(i). "Required Information" shall have the meaning given to such term in Section 9(c)(i). "Reserve Account" shall mean an account established by Owner for the purposes set forth in Section 7(b)(i) at a bank selected by Owner. "Restaurant" shall have the meaning given to such term in the second WHEREAS clause of this Agreement. "Restaurant Name" shall have the meaning given to such term in Section 18(b). -11- <PAGE> "Restaurant Plans" shall have the meaning given to such term in Section 5(a)(i). "Restaurant Work" shall have the meaning given to such term in Section 5(a)(i). "Revised Budgeted Project Costs" shall have the meaning given to such term in Section 5(g). "XXXX" shall have the meaning given to such term in Section 1 3(c)(iii)(C)(4). "Secured Loan" shall mean and include (a) any mortgage encumbering the Hotel or all or any part of Owner's interest therein, (b) any pledge or collateral assignment of all or any part of the direct or indirect ownership interests in Owner, (c) any sale/leaseback or similar financing transaction, together with all other instruments evidencing or securing the payment of the indebtedness secured by such mortgage, pledge, collateral assignment or the obligation to make rental or other payments in connection with any such sale/leaseback or similar financing transaction, and (d) all amendments, modifications, supplements and extensions of such instruments. In the event of any sale/leaseback, the tenant under the lease shall be treated as Owner for purposes of this Agreement. "Soft Opening Date" shall mean the date that Manager shall commence the testing of equipment and procedures (including the kitchen and Staff) at the Managed Premises and the Managed Premises shall be open for so-called "rehearsal" seatings. The parties hereby agree that the Soft Opening Date shall occur no later than January 1, 2001; provided, however, that if the Owner fails to substantially complete the Renovation Work to be performed by Owner on or before January 1, 2001 and such failure is not the result of the acts or omissions of the Manager, the Soft Opening Date shall be delayed by one day for each day by which Owner so fails to substantially complete such work. "S...
Project Costs Budget means the budget attached hereto as Exhibit E.

Examples of Project Costs Budget in a sentence

  • Notwithstanding the foregoing, the Development Plan shall be amended to the extent necessary to keep the cost of the Grocery Store Improvements within the constraints of the Project Costs Budget.

  • If the Initial Cost Estimate is less than or equal to the original Project Costs Budget, then Manager and the UG will be deemed to have approved the Initial Cost Estimate.

  • If the Initial Cost Estimate is greater than Project Costs Budget, then the UG, at the UG's option, may (i) approve the Initial Cost Estimate in writing; or (ii) elect to value engineer portions of the Project, or eliminate or revise one or more items shown on the Preliminary Plans so as to reduce the Initial Cost Estimate to be within the Project Costs Budget; or (iii) elect to terminate the Agreement.

  • The Project Costs Budget accurately reflects all anticipated Project Loan Costs.

  • The Project Costs Reserve Account shall be used to pay Project Costs in accordance with the Project Costs Budget attached hereto pursuant to Section 4.7 below.

  • After the funds in the Interest Reserve Account have been fully disbursed, no further amounts of the Additional Loan Amount will be disbursed to pay debt service due under the Loan or the Additional Loan Amount except to the extent debt service due under the Loan and the Additional Loan Amount is contained in a soft cost line item in the Project Costs Budget, in which event Section 4.5D below shall apply to each of such payments.

  • Owner shall make withdrawals from the Project Costs Account for the purpose of paying Project Costs incurred by Owner or Manager in accordance with this Agreement and the Project Costs Budget.

  • The parties hereby agree that Exhibit E to the original Agreement shall be deleted and replaced with Exhibit E (Amended – 2017) which is attached to this Amendment, and that all references to the "Total Project Costs Budget", the "CID Project Costs" and/or the CID Improvements in the Agreement shall hereafter be deemed to mean the costs and improvements identified on Exhibit E (Amended – 2017) attached hereto.

  • Owner shall deposit into the Project Costs Account from time to time funds sufficient to pay Project Costs in accordance with this Agreement and the Project Costs Budget; provided however in no event will Owner be obligated to disburse to Manager more than the line items in the Project Costs Budget attributable to Other Costs and, as set forth in Section 7(a), Owner shall deposit $500,000 on the Hard Opening Date in the Working Capital Account on account of Working Capital.


More Definitions of Project Costs Budget

Project Costs Budget shall have the meaning given to such term in Section 5(b).

Related to Project Costs Budget

  • 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 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.

  • 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.

  • Approved Budget means an annual budget-

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

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

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

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

  • 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.

  • 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.

  • Direct Costs means the sum of the following:

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • 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.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • 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;

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • 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.

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

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

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

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

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

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.