Total Budget definition

Total Budget means the Core Budget and the Expanded Financing Component of any CRP, as approved by the Fund Council.
Total Budget means budget for all funds held by the intermediate school district.
Total Budget means the total budgeted cost of the Transmission Project as shown in Exhibit 4, as the same may be modified pursuant to Section 4.01. Transmission Agreement

Examples of Total Budget in a sentence

  • All 'Total Budget' fields will be rounded by the Grant Management System to the nearest whole dollar.

  • Final Budget for Agency and Total Budget for Agency may not equal due to rounding.

  • Inception to Date Expenditure, Project Timeline IV&V Dashboard – Total Budget vs.

  • The GEF PPG Atlas budget is presented in Section IV: Total Budget and Work Plan.

  • If the Bid Price exceeds the expected range of the Total Budget as stated under section 6.1, to avoid receiving a lower score for criterion 4, in the Main Bid Document the Bidder should provide a clear and justified reason why the Bid Price exceeds the expected budget.


More Definitions of Total Budget

Total Budget means the Maricopa County Department of Emergency Management’s General Fund and Grant Fund expenditure budgets as adopted by the Maricopa County Board of Supervisors, plus baseline internal/central service charges, for the Preceding Fiscal Year. Budgeted fund balance expenditures, annual maintenance cost for the comprehensive emergency management tool and capital items are not included in the “Total Budgeted” calculation.
Total Budget is the maximum cost anticipated by Borrower for the Project; (c) “Loan Proceeds” is the maximum amount to be advanced under the Loan, and as used herein, such term shall mean Loan funds to be advanced by the Lenders subject to the terms and conditions of this Agreement; and (d) “Up-Front Equity” is FIFTY SEVEN MILLION FIVE HUNDRED SIXTY ONE THOUSAND TWO HUNDRED THIRTY SEVEN AND NO/100 DOLLARS PAGE 1 ($57,561,237.00), the amount which is to be paid by Borrower toward the Total Costs, and advanced prior to the first Advance of any Loan Proceeds. Up-Front Equity Cash and Loan Proceeds shall be advanced subject to the terms, covenants, conditions and provisions of this Agreement. Borrower shall not amend the Budget, or otherwise reallocate Loan funds from one Budget line item to another, without the prior written approval of Administrative Agent in its sole discretion or except as expressly provided for herein. The Budget has been prepared by Borrower, and Borrower represents to Administrative Agent and Lenders that to the best of Borrower’s knowledge, the Budget includes all costs incident to the Loan and the Project through the maturity date of the Loan (collectively, the “Aggregate Cost”) after taking into account the requirements of this Agreement, including “hard” and “soft” costs, fees and expenses. Unless approved by Administrative Agent in its sole discretion, no advance shall be made (a) for any cost not set forth in the Budget, (b) from any line item in the Budget that, when added to all prior advances from that line item, would exceed the lesser of (i) the actual cost incurred by Borrower for such line item, or (ii) the sum shown in the Budget for such line item, (c) from any contingency line item, or (d) to pay interest on the Loan after commencement of operations in the Improvements if and to the extent that, subject to the provisions of Exhibit “I”, there is sufficient net operating income from the Property to pay such interest. Advances from any line item in the Budget for purposes other than those for which amounts are initially allocated to such line item, or changes in the relative amounts allocated to particular line items in the Budget may only be made as Administrative Agent in its sole discretion deems necessary or advisable. In the event the general contractor produces a cost savings on a particular line item under a construction contract with such general contractor, the general contractor will deduct the savings on that line item and i...
Total Budget is the maximum cost anticipated by Borrower for the Project; (c) “Loan Proceeds” is the maximum amount to be advanced under the Loan; and (d) “Up-Front Equity” is the “Borrower Equity” in the amount of $17,814,779, which includes a portion of the Developer Overhead itemized in the Budget calculated on a straight-line basis over the 17-month construction term (3/2015 through 8/2016) at the rate of $141,176.47/month, and is to be paid by Borrower toward the Total Costs and invested into the Project by Borrower prior to the Initial Advance of the Loan proceeds. Loan proceeds shall be advanced subject to the terms, covenants, conditions and provisions of this Agreement. Borrower shall not amend the Budget, or otherwise reallocate Loan funds from one Budget line item to another Budget line item, without the prior written approval of Administrative Agent in its sole discretion. Notwithstanding the foregoing, Borrower may reallocate actual savings in a hard cost line item of the Budget to another hard cost line item in the Budget and actual savings in a soft cost line item of the Budget to another soft cost line item in the Budget, provided that such savings are demonstrated to Administrative Agent’s reasonable satisfaction prior to such reallocation. The Budget has been prepared by Borrower, and Borrower represents to Administrative Agent and Lenders that the Budget includes all costs incident to the Loan and the Project through the initial Maturity Date of the Loan (collectively, the “Aggregate Cost”) after taking into account the requirements of this Agreement, including “hard” and “soft” costs, fees and expenses. Unless approved by Administrative Agent in its sole discretion, no advance shall be made (a) for any cost not set forth in the Budget, (b) from any line item in the Budget that, when added to all prior advances from that line item, would exceed the lesser of (i) the actual cost incurred by Borrower for such line item, or (ii) the sum shown in the Budget for such line item, (c) from any contingency line item, or (d) to pay interest on the Loan after commencement of operations in the Improvements if and to the extent that, subject to the provisions of Exhibit “I”, there is sufficient net operating income from the Project to pay such interest. Advances from any line item in the Budget for purposes other than those for which amounts are initially allocated to such line item, or changes in the relative amounts allocated to particular line items in the Bud...
Total Budget is the maximum cost anticipated by Borrower for the Construction of the Improvements and Borrower’s satisfaction of the other requirements of the Loan; (c) the “Loan Proceeds” are the maximum amount to be advanced under the Loan; and (d) “Borrower Equity” is the amount that Borrower is required to pay toward the Total Costs. Whenever Borrower is required to pay any items from Borrower Equity, Lender, at its option, may restrict or prohibit advances of the Loan for such items to the extent that Borrower Equity is sufficient to pay such amounts. After the exhaustion of Borrower Equity allocated to a given line item, Lender will advance Loan proceeds for that line item pursuant to the Budget.
Total Budget is the maximum cost anticipated by Borrower for the Construction of the Improvements and Borrower’s satisfaction of the other requirements of the Loan; (c) the “Loan Proceeds” are the maximum amount to be advanced under the Loan; (d) “Upfront Equity” is the amount that Borrower is required to pay toward the Total Costs; and (e) “Deferred Equity” is an additional amount that Borrower is required to pay toward the Total Costs as of the date indicated. Whenever Borrower is required to pay any items from Upfront Equity or Deferred Equity, Lender, at its option, may restrict or prohibit advances of the Loan for such items to the extent that Upfront Equity or Deferred Equity is sufficient to pay such amounts. Whenever Borrower’s Upfront Equity or Deferred Equity is on deposit with Lender, Lender shall make all advances first from such equity based on the allocations thereof set forth in the Budget. After the exhaustion of Upfront Equity or Deferred Equity allocated to a given line item, Lender will advance Loan proceeds for that line item pursuant to the Budget.
Total Budget is the maximum cost anticipated by Borrower for the Project; (c) “Loan Proceeds” is the maximum amount to be advanced under the Loan; and (d) “Up-Front Equity” is $28,042,653.36 which is to be paid by Borrower toward the Total Costs, and advanced prior to the Initial Advance of the Loan. The Up-Front Equity and Loan Proceeds shall be advanced subject to the terms, covenants, conditions and provisions of this Agreement. Borrower shall not amend the Budget, or otherwise reallocate funds from one Budget line item to another, without the prior written approval of Administrative Agent in its sole discretion. The Budget has been prepared by Borrower, and Borrower represents to Administrative Agent and the Lenders that, to the best knowledge of Borrower, the Budget includes all estimated costs incident to the Loan and the Project, assuming sufficient cash flow to pay interest on the Loan and other operating expenses of the Property (including marketing expenses) not included in such Budget, through the maturity date of the Loan (collectively, the “Aggregate Cost”) after taking into account the requirements of this Agreement, including “hard” and “soft” costs, fees and expenses.
Total Budget is the maximum cost anticipated by Borrowers for the Construction of the Improvements and Borrowers’ satisfaction of the other requirements of Loan B; and (c) the “Loan Proceeds” are the maximum amount to be advanced under Loan B. Lender will advance Loan B proceeds for that line item pursuant to the Budget.