Project Savings definition

Project Savings means and refers to the amount by which the total costs and expenses required to be paid by StadCo under the Construction Agreements for the Stadium Project Improvements Work is less than the Project Budget. Subject to the terms of Section 12.3 below, any such Project Savings shall, within forty five (45) days after Final Completion of the Project Improvements Work, be retained by or paid to StadCo.
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Project Savings means and refers to the amount by which the total costs and expenses required to be paid by Bristol under the Construction Agreements for the Project Improvements Work is less than the Project Budget. Subject to the terms of Section 8(c) below, any such Project Savings shall, within forty five (45) days after Final Completion of the Project Improvements Work, be retained by or paid to Bristol. For avoidance of doubt, Bristol shall be entitled to recoup any remaining funds in the Project Accounts that result from Project Savings after the completion of the Project Improvements Work up to the amount of the Bristol Contribution. Any remaining funds above that amount will be retained by or paid to the Authority.
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Project Savings shall have the meaning provided in Section 6.05.
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Examples of Project Savings in a sentence

  • Project Savings EstimateThe summary of the proposed measures should be completed along with all equations and calculations used to determine the demand and energy savings estimate.

  • If those are followed, a Lead Agency is allowed to request that Project Savings be reallocated to another ALCP Project.

  • Any savings generated from the substitution shall be considered Project Savings under Article7.

  • ALCP regional funds found by MAG to be surplus to an ALCP Project, and for which certain criteria as established below are met, may be noted as Project Savings and reallocated to another ALCP Project depending on the availability of Program funds.

  • If there are ALCP Project Savings that are not reallocated to another project or project segment currently programmed in the ALCP and the ALCP is completed, then new Project(s) for that jurisdiction may be funded.

  • The written request must include name of the Project with the Project Savings, the amount of Project Savings, the Project that will use the Project Savings and Project Budget showing that the Project Savings applied to the new Project will not exceed 70% of the total Project costs.

  • To advance a portion or entire existing ALCP Project or Projects up to the amount of available Project Savings.

  • Subject to the terms of Section 12.3 below, any such Project Savings shall, within forty five (45) days after Final Completion of the Project Improvements Work, be retained by or paid to StadCo.

  • T) IUDs during five years of use:< i> A randomized comparative trial</i>.

  • To use Project Savings on another ALCP Project, a Project must follow the policies and procedures outlined in Section 280.


More Definitions of Project Savings

Project Savings means the sum, if any, by which the total costs and expenses required to be paid to perform the Stadium Project Improvements is less than the Stadium Project Budget (as defined in the Construction Administration Agreement), after its establishment and subject to any revisions as provided in this Agreement, (i) by changes to the Final Plans that the parties agree to make and that are executed (ii) by cost efficiencies achieved during the design and/or construction of the Stadium Project Improvements or (iii) any other costs savings that result in unused project contingency set forth in the Stadium Project Budget upon Final Completion. Each Party shall notify the other Party if at any time it becomes aware the costs at any phase of the design, development or construction process is reasonably anticipated to exceed any budget category in the Stadium Project Budget. If any Project Savings are realized, all such Project Savings shall be paid to, or be for the account of, StadiumCo. Each Party shall have the right to pursue claims and receive recoveries, damages, and penalties from contractors and sureties in proportion to their respective losses attributable to the defaults of such contractors and sureties. The Parties shall cooperate with each other in pursuing joint recoveries. Each Party shall be responsible for selecting its own counsel and shall be responsible for its own litigation expenses.
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Project Savings has the meaning set forth in Section 5(k) below.
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Project Savings means the sum, if any, by which the total costs and expenses required to be paid to perform the Stadium Project Improvements is less than the Stadium Project Budget, after its establishment and subject to any revisions as provided in this Agreement, (i) by changes to the Final Plans that the parties agree to make and that are executed (ii) by cost efficiencies achieved during the design and/or construction of the Stadium Project Improvements or (iii) any other costs savings that result in unused project contingency set forth in the Stadium Project Budget upon Final Completion.. Each Party shall notify the other Party if at any time it becomes aware the costs at any phase of the design, development or construction process is reasonably anticipated to exceed any budget category in the Stadium Project Budget. If subsequent to payments of Cost Overruns by StadiumCo, Project Savings are realized, the same shall first be paid to StadiumCo until StadiumCo has recovered the amount paid by it for all Cost Overruns. Each Party shall have the right to pursue claims and receive recoveries, damages, and penalties from contractors and sureties in proportion to their respective losses attributable to the defaults of such contractors and sureties. The Parties shall cooperate with each other in pursuing joint recoveries. Each Party shall be responsible for selecting its own counsel and shall be responsible for its own litigation expenses.
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Project Savings means the amount by which actual Total Project Costs are less than the Estimated Project Costs, as adjusted for Change Orders.
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Related to Project Savings

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Improvement Plan means the plan required by the Authority from the Supplier which shall detail how the Supplier will improve the provision of the Goods and/or Services pursuant to Clause 29.1.1 (Authority Remedies);

  • 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.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Project Services means architectural, engineering services, land surveying, construction management at-risk services, ancillary technical services or other construction-related services determined by the board to be required by the project.

  • 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:

  • Cost Allocation Plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • 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.

  • Pro Forma Cost Savings means, without duplication of any amounts referenced in the definition of “Pro Forma Basis,” an amount equal to the amount of cost savings, operating expense reductions, operating improvements (including the entry into any material contract or arrangement) and acquisition synergies, in each case, projected in good faith to be realized (calculated on a pro forma basis as though such items had been realized on the first day of such period) as a result of actions taken on or prior to, or to be taken by Lead Borrower (or any successor thereto) or any Restricted Subsidiary within 24 months of, the date of such pro forma calculation, net of the amount of actual benefits realized or expected to be realized during such period that are otherwise included in the calculation of Consolidated EBITDA from such action; provided that (a) such cost savings, operating expense reductions, operating improvements and synergies are factually supportable and reasonably identifiable (as determined in good faith by a responsible financial or accounting officer, in his or her capacity as such and not in his or her personal capacity, of Lead Borrower (or any successor thereto)) and are reasonably anticipated to be realized within 24 months after the date of such pro forma calculation and (b) no cost savings, operating expense reductions, operating improvements and synergies shall be added pursuant to this definition to the extent duplicative of any expenses or charges otherwise added to Consolidated Net Income or Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such period; provided, further, that the aggregate amount added in respect of the foregoing proviso (or otherwise added to Consolidated Net Income or Consolidated EBITDA) shall no longer be permitted to be added back to the extent the cost savings, operating expense reductions, operating improvements and synergies have not been achieved within 24 months of the action or event giving rise to such cost savings, operating expense reductions, operating improvements and synergies.

  • Decommissioning Plan means the document containing detailed information on the proposed decommissioning and covering the following: the selected decommissioning strategy; the schedule, type and sequence of decommissioning activities; the waste management strategy applied, including clearance; the proposed end state; the storage and disposal of the waste from decommissioning; the timeframe for decommissioning; the cost estimates for the completion of decommissioning; and the objectives, expected results, milestones, target dates, as well as the corresponding key performance indicators, including, as appropriate, earned value based indicators. The plan is prepared by the nuclear facility license holder and is reflected in the multiannual work programmes of the Programme;

  • Project Management Plan means the management plan that (i) sets out a high level workplan to describe the manner in which the Design-Builder will manage the Project, including to address related matters such as traffic management and communications, and (ii) is prepared by or for the Design-Builder and submitted to the Owner;

  • Project Implementation Plan means the detail plan submitted by the Developer with regard to development of Project Facilities and its operation and management thereof in accordance with this Agreement and to be appended as Schedule 9 to this Agreement.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Development Plans means a coherent set of operations defined and financed exclusively by the OCTs in the framework of their own policies and strategies of development, and those agreed upon between an OCT and the Member State to which it is linked;

  • Individualized service plan means a plan prepared by a

  • Construction Plan means a representation of a project site and all activities associated with the project. The plan includes the location of the project site, buildings and other infrastructure, grading activities, schedules for implementation, and other pertinent information related to the project site. A storm water pollution prevention plan is a part of the construction plan.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

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

  • Project area plan means a written plan that, after the plan's effective date, guides and controls the development within a project area.

  • Stormwater management planning area means the geographic area for which a stormwater management planning agency is authorized to prepare stormwater management plans, or a specific portion of that area identified in a stormwater management plan prepared by that agency.

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

  • 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.

  • Corrective Maintenance means the maintenance which is required when an item has failed or worn out, to bring it back to working order, which may also include those services necessary to partially restore, renew or strengthen an existing Department facility or system, following damage caused by use or normal wear and tear.

  • Utilization plan means a form and additional