Renovation Disbursement Budget definition

Renovation Disbursement Budget means the Initial Renovation Disbursement Budget, as the same may be amended from time to time pursuant to this Agreement.
Sample 1

Examples of Renovation Disbursement Budget in a sentence

  • Where the assets of the risk policy fund exceeds the liabilities of that fund, as set out in the previous paragraph, the amount of the excess must be transferred to the corporate fund within three month after the end of the year of assessment.

  • Important variables have been disparately identified and studied.

  • The Contract provides for the Issuers to complete the work within the line items of the Renovation Disbursement Budget presently in effect pertaining to the Contract: (i) in a timely manner so as to permit the date on which the Re-Opening will occur is on or prior to the Re-Opening Deadline; and (ii) within the aggregate amounts specified for the line item in the Renovation Disbursement Budget presently in effect.

  • The Issuers shall submit the Renovation Disbursement Budget Amendment Certificate to the Disbursement Agent in the form of Exhibit E attached hereto, the Manager’s certification, as provided in Exhibit 1 to the Renovation Disbursement Budget Certificate, the General Contractor’s certification, as provided in Exhibit 2 to the Renovation Disbursement Budget Amendment Certificate and the Architect’s certification, as provided in Exhibit 3 to the Renovation Disbursement Budget Amendment Certificate.

  • Seller agrees not to take, and agrees not to cause any person or entity with which Seller would be required to aggregate sales of Stock pursuant to paragraph (a)(2) or (e) of Rule 144 to take, any action that would cause the sales hereunder not to meet all applicable requirements of Rule 144.

  • The Issuers shall promptly, and in no event later than two (2) Business Days following knowledge thereof, notify the Trustee and the Disbursement Agent in writing if at any time the Issuers reasonably believe that there are insufficient Available Funds (a) to permit the Re-Opening on or before the Re-Opening Deadline or (b) to complete the Hooters Renovation in accordance with the Final Plans and/or the Renovation Disbursement Budget (as in effect at such time).

  • Subject to Section 8.2 below, the Issuers shall have the right from time to time to amend the Renovation Disbursement Budget to change the amounts allocated for specific line item components of the work required to complete the Hooters Renovation, including Soft Costs; provided that, in any such amendment, the Company may neither modify the description of any line item nor modify the amount set forth for any such line item incurred on or prior to the Issue Date.

  • Upon receipt by the Disbursement Agent of the Renovation Disbursement Budget Amendment Certificate in the form of Exhibit E attached hereto (including all required attachments), all of which must be executed and completed as to the information required therein, such amendment shall become effective hereunder and the Renovation Disbursement Budget shall thereafter be as so amended.

  • The Renovation Disbursement Budget may be amended from time to time in the manner set forth herein.

  • The Issuers have prepared the Renovation Disbursement Budget (as defined in the Cash Collateral and Disbursement Agreement) and the Renovation Schedules (as defined in the Cash Collateral and Disbursement Agreement).

Related to Renovation Disbursement 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.

  • 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 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.

  • 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.

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

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

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

  • Qualified Project Costs means costs paid with respect to the Project that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be a so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general Federal income tax principles and in accordance with United States Treasury Regulations §1.103-8(a)(1), provided, however, that only such portion of the interest accrued during construction of the Project shall be eligible to be a Qualified Project Cost as bears the same ratio to all such interest as the Qualified Project Costs bear to all costs of the construction of the Project; and provided further that interest accruing after the date of completion of the Project shall not be a Qualified Project Cost; and provided still further that if any portion of the Project is being constructed by an Affiliate (whether as general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out-of- pocket costs incurred by such affiliate in constructing the Project (or any portion thereof), (B) any reasonable fees for supervisory services actually rendered by such affiliate, and (C) any overhead expenses incurred by such affiliate which are directly attributable to the work performed on the Project, and shall not include, for example, intercompany profits resulting from members of an affiliated group (within the meaning of Section 1504 of the Code) participating in the construction of the Project or payments received by such affiliate due to early completion of the Project (or any portion there); (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to the date of a declaration of “official intent” to reimburse costs paid with respect to the Project (within the meaning of §1.150-2 of the United States Treasury Regulations) or the date of issue of the Bonds, and (iv) if the costs of the construction of the Project were previously paid and are to be reimbursed with proceeds of the Bonds such costs were (A) costs of issuance of the Bonds, (B) preliminary capital expenditures (within the meaning of United States Treasury Regulations §1.150-2 (F) (2)) with respect to the Project (such architectural, engineering and soil testing services) incurred before commencement of construction of the Project that do not exceed twenty percent (20%) of the issue price of the Bonds (as defined in United States Treasury Regulations §1.148-1), or (C) were capital expenditures with respect to the Project that are reimbursed no later than eighteen (18) months after the later of the date the expenditure was paid or the date the Project is placed in service (but no later than three (3) years after the expenditures is paid).

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • 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.

  • Approved Budget means an annual budget-

  • 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.

  • Project Preparation Advance is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Public improvement costs means the costs of:

  • Disbursement Schedule means the disbursement schedule as set out in an FAA;

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

  • 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.

  • Construction Lender means a person who makes a construction loan.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

  • Project Cost means the costs incurred in connection with the

  • 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;

  • 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: