Project Pro Forma definition

Project Pro Forma means a financial model agreed to by Parent and Spring Lane showing the economic results that Parent expects from ownership of DVSL over a period of seven (7) years, which shall include the costs of the Shared Facilities.

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Project Pro Forma means the financial information to be prepared by Borrower, and any updates and amendments thereto, including without limitation, the Construction Budget, estimated sources and uses of financing, and the Project’s operating budget and reasonably approved by the City.

Project Pro Forma has the meaning set forth in the Contribution Agreement.

Examples of Project Pro Forma in a sentence

If the Project Pro Forma produces an internal rate of return to the Developer that exceeds thirteen percent (13%), the maximum amount of TIF Revenue available for reimbursement of Developer hereunder shall be reduced so that the Project Pro Forma produces an internal rate of return to the Developer that is equal to thirteen percent (13%).
Devco or DVSL shall have delivered to Spring Lane an updated Project Schedule, Project Budget and Project Pro Forma reflecting the increased Project Costs.
The Lenders Independent Engineer will conduct analysis on the Project Pro Forma as directed by the Client.
Attached hereto as EXHIBIT and made a part hereof is Developer's ProForma of the Project (the "Project Pro Forma") which has been approved by Owner and which sets forth among other things Developer's detailed projections of: all projected costs and expenses of the Project including but not limited to the acquisition, development, sales and marketing, and construction and other cash expenditures.
If the Project Pro Forma produces an internal rate of return to the Developer that does not exceed thirteen percent (13%), the maximum amount of TIF Revenue available for reimbursement of Developer hereunder shall not be reduced.
Developer shall assist Owner in obtaining the necessary financing for the Project in accordance with the Project Pro Forma with a lender or lenders and on terms reasonably acceptable to Owner, including without limitation, (a) assisting Owner in the negotiation of appropriate instruments and documents evidencing and securing such and (b) providing such guarantees as may be necessary to obtain such financing so that the financing is non-recourse to Owner.
Developer shall submit to the City for approval a Project Pro Forma within 60 days of the Effective Date.
For purposes of this Section 11.5, an Excused Delay for economic or product demand declines that make it not commercially feasible to proceed with development of the Site or a Phase thereof shall be limited to a decline of fifteen percent (15%) or more in market prices for the Residential Units from those prices projected in the Project Pro Forma.
Receipt of the Project Pro Forma --------------------- satisfactory to the Independent Engineer and the Agent.
Developer shall submit to the City any changes or updates to the Project Pro Forma within 15 days of such change or update.

More Definitions of Project Pro Forma

Project Pro Forma means a projection of the revenues and expenses of the Project setting forth the assumptions upon which it is based, which are reasonably agreed to by the Parties, and in a format consistent with the example Project Pro Forma set forth in Exhibit G.

Project Pro Forma means the project pro forma for the Minimum Improvements provided to the Authority by the Developer for the purposes of determining the amount of assistance to be provided to the Developer.

Project Pro Forma means the financial forecasts incorporated in the Project Business Plan of (a) all revenues, costs and expenses relating to: (i) the construction of the Improvements; (ii) the operation and management of the Project; and (iii) the sale of Lots; and (b) the expected dates of the sales of each material asset which comprises the Project.

Project Pro Forma means the financial projections for the operation ----------------- of the Project attached to the Credit Agreement as Schedule 5. ----------

Project Pro Forma. The budget for the operation (projected income/expenses) of the Improvements attached hereto as Exhibit AG@, which has been approved by Purchaser. Property: The Real Property, Personal Property, Service Contracts, Warranties, and the Leases.

Project Pro Forma means the projections of construction costs of the Project and the ten-year projections of the Net Operating Cash to be produced by the Project, prepared by the Borrower and approved by the Administrative Agent and incorporating the results of the Engineer’s Report. The Project Pro Forma will be updated prior to the first Term Loan Funding Date to reflect updated estimates of the production capabilities of the Project, as confirmed by the Engineer.