Remaining Project Costs definition
Remaining Project Costs has the meaning given to it in the Senior Secured Credit Facilities.
Remaining Project Costs means (a) as of the issuance of the Notice to Proceed, (i) the amount of all Construction Costs reasonably anticipated by the Clean Line Entities to be incurred after the issuance of the Notice to Proceed in connection with achieving Project Completion (based on the then applicable Project Plans and Project Schedule) as confirmed, at the election of DOE, by an Independent Engineer plus (ii) the Base Contingency Amount and (b) as of any time of determination after the issuance of the Notice to Proceed, the sum of (i) the amount of all Construction Costs reasonably anticipated by the Clean Line Entities as of such time of determination to be incurred from and after such time of determination in connection with achieving Project Completion (based on the then applicable Project Plans and Project Schedule) as confirmed, at the election of DOE, by an Independent Engineer plus (ii) the then applicable Contingency Amount.
Remaining Project Costs means, at any given time (and without double counting), the sum of all Remaining Costs at that time.
Examples of Remaining Project Costs in a sentence
The City will remain obligated to make any Outcome Payments, including Early Outcome Payments, together with any Remaining Project Costs (as defined below) and the full Project Termination Budget (as defined in the PFS Agreement), all in accordance with Section 7.2(f) below.
More Definitions of Remaining Project Costs
Remaining Project Costs means, in respect of a Project or a relevant part thereof, at any given time for that Project or part, the sum of all the “Balance to Complete” amounts set forth in respect of all Line Items in the Group Budget (as in effect from time to time) in respect of the Project or part.
Remaining Project Costs has the meaning set forth in Section 7.2(f) of the Agreement
Remaining Project Costs means all PP&E Costs required to Complete the construction of the Project and all Non-PP&E Costs in connection with the Project through the Adequacy of Funds End Date, excluding Project Costs theretofore paid.
Remaining Project Costs means the amount of Project Costs which the Borrower, acting reasonably, certifies it is necessary to pay to a third party (and which have not already been paid) in order for each Project Completion Date to occur. In determining this amount and provided it is received in time for the Borrower not to be delayed in submitting a Request or a Withdrawal Request, the Borrower must use the Technical Adviser's estimate of the remaining Construction Costs which will be incurred by it in order for the Project Completion Date to occur, which will be included in the Technical Adviser's Drawdown Certificate.