Total Project Costs definition

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

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Total Project Costs means (a) the costs paid or incurred or to be paid or incurred by a Borrower Related Party in connection with or incidental to the acquisition, design, construction and equipping of the Project, including legal, administrative, engineering, planning, design, insurance, and costs of issuance; (b) amounts, if any, required by the Indenture Documents or the TIFIA Loan Documents to be paid into any fund or account upon the incurrence of the TIFIA Loan or any Secured Obligations; (c) payments when due (whether at the maturity of principal, the due date of interest, or upon optional or mandatory prepayment) during the Construction Period in respect of any indebtedness of the Borrower or any Credit Enhancement maintained by a Borrower Related Party, in each case in connection with the Project (other than the TIFIA Loan); and (d) costs of equipment and supplies and initial working capital and reserves required by the Borrower Related Parties for the commencement of operation of the Project, including general administrative expenses and overhead of the Borrower.

Total Project Costs means all costs which have been or are estimated to be incurred by the Company with respect to the acquisition, design, development, construction, debt financing, leasing, and completion of a Project, which Total Project Costs (including without limitation tenant allowances) are initially estimated in the Development Budget. Total Project Costs shall include all development, licensing and leasing fees.

Examples of Total Project Costs in a sentence

• Construction Cost is one of the items comprising Total Project Costs.

• The Developer shall cause the Design Build Contract to provide that construction not confirming to these requirements, including substitutions not properly approved and authorized, shall be corrected by Design Builder, at no out-of-pocket cost to the Developer, and with such costs not included in the Total Project Costs.

• Pursuant to the completion of the Predevelopment Work, the Predevelopment Phase Work and the Determination Phase Work, but prior to the closing of the Development Loan, the Developer and the Design Builder shall agree on the line-item budget supporting the Total Project Costs for each Phase, as the same may be modified from time to time (the “Total Project Budget”).

• All Total Project Costs shall be paid by the Developer and the Owner shall have no right to approve or contest any of the Total Project Costs.

• During the Predevelopment Phase, the Developer shall refine and determine the amount of the financing required under the Development Loan in order to manage the Refined Total Project Costs, the inclusion of a debt service reserve within the Development Loan and the annual debt service schedule associated with the Development Loan over its term (the “Refined Financing Costs”).

More Definitions of Total Project Costs

Total Project Costs means cost of multipurpose buildings and other improvement costs associated with the deferral project. Machinery and equipment are not included in this calculation. Common areas, such as hallways, bathrooms, and conference rooms, are not included in the square feet fig- ure for either the numerator or the denominator. The cost of the common areas is multiplied by the percent eligible to determine the portion of the common area that is eligible for deferral.

Total Project Costs means the Contribution and other verifiable cash or in-kind contributions either received or contributed by the Proponent and directly attributable to the Project.

Total Project Costs means (a) the costs paid or incurred or to be paid or incurred by the Borrower in connection with or incidental to the acquisition, design, construction and equipping, testing and start-up of the Project, including legal, administrative, engineering, planning, design, insurance and cost of issuance; (b) amounts, if any, required by the TIFIA Loan Documents to be paid into any fund or account upon the incurrence of the TIFIA Loan; (c) payments when due (whether at the maturity of principal, the due date of interest, or upon optional or mandatory prepayment) during the Construction Period on any indebtedness of the Borrower (other than the TIFIA Loan) incurred for the Project, including capitalized interest on commercial paper used for interim financing; (d) costs of equipment and supplies and initial working capital and reserves required by the Borrower for the commencement of operation of the Project, including general administrative expenses and overhead of the Borrower; and (e) without duplication of any amounts specified in clauses (a) through (d) above, the repayment of obligations incurred by the Borrower, the proceeds of which obligations were used to pay items (a) through (d) of this definition.

Total Project Costs means the sum of the following:

Total Project Costs means the Contribution and other verifiable cash or in-kind contributions either received or contributed by the Ultimate Recipient and directly attributable to the Project; and

Total Project Costs means, with respect to a Project, the sum of (i) the Qualified Project Expenditures plus (ii) all other costs necessary to acquire the Land, construct the Development Work and the Construction Improvements in accordance with the Plans and Specifications and complete the Project.

Total Project Costs means the actual cost (calculated in [the Local Currency]) of developing, designing, building, financing, insuring and commissioning the Plant.