Actual Development Costs means in respect of each Capital Firm Scheme the amount of Development Costs actually incurred by the Grant Recipient in Delivering that Capital Firm Scheme as such amount is warranted and certified by the Grant Recipient pursuant to Clause 17.2.2(b) (Capital Grant Claim Procedures), Clause 17.4.1 (Capital Grant Claim Procedures) and Clause 17.6.2 (Capital Grant Claim Procedures);
Actual Development Costs means in respect of each Firm Scheme the amount of Development Costs actually incurred by the Grant Recipient in acquiring Rehabilitating and/or converting that Firm Scheme as such amount is certified by the Grant Recipient pursuant to Condition 9.2.3; Additional Scheme means a scheme for the delivery of Affordable Housing proposed by the Grant Recipient in addition to those comprised within the Original Approved Bid;
Actual Development Costs shall have the meaning ascribed to such term in Section 3.1 hereof.
Examples of Actual Development Costs in a sentence
The FDA also prohibits Total Public Sector Subsidy (i.e. grant plus all other public funding) exceeding the Actual Development Costs.
The FDA or contract refers to Actual Development Costs, meaning the expenditure actually incurred in delivering the units, as opposed to the projected expenditure.
Changes of Actual Development Costs or Other Circumstances ............................
Unless the Partners agree otherwise, any additional amounts that Universal may pay to fund the Actual Development Costs in excess of the Development Budget shall be treated as part of the Initial Capital Contribution.
The period will be reduced to three [3] years for those Public Housing Agencies for which all projects have had Actual Development Costs Certificates issued.
More Definitions of Actual Development Costs
Actual Development Costs means in respect of each Firm Scheme the amount of Development Costs actually incurred by the Grant Recipient in Delivering that Firm Scheme as such amount is warranted and certified by the Grant Recipient pursuant to Clause 14.3.3(b) (Grant Claim Procedures); Additional Scheme means a scheme for the Delivery of AHP Housing proposed by the Grant Recipient in addition to the Original Schemes; Affordable Rent means a rent which does not exceed eighty per centum (80%) of the market rent (inclusive of service charges) for an equivalent property of the relevant size and location such rent to be assessed and set in accordance with the applicable requirements of Legislation and of the Rent Standard;
Actual Development Costs means in respect of each Firm Scheme the amount of Development Costs actually incurred by the Relevant Consortium Member in developing that Firm Scheme as such amount is certified by the Lead Partner on IMS on behalf of the Relevant Consortium Member pursuant to condition 9.2.3; Additional Design and Quality Standards means in respect of each Firm Scheme the standards offered by the Relevant Consortium Member and accepted by the Agency through IMS which are additional to the requirements of the Design and Quality Standards; Adjustment has the meaning given to it in Condition 5.10. A worked example of the calculation referred to in Condition 5.10 is included at Annex 2 for illustrative purposes only;
Actual Development Costs means in respect of a Firm Scheme the amount of Development Costs actually incurred by the Relevant Consortium Member in acquiring, developing, repairing and/or Rehabilitating that Firm Scheme as such amount is warranted and certified by the Lead Partner on IMS on behalf of the Relevant Consortium Member pursuant to Condition 9.2.4, Condition 9.5.1, Condition 9.8.3 and Condition 9.11.4;
Actual Development Costs means in respect of each Firm Scheme the amount of Development Costs actually incurred by the Developer in Delivering that Firm Scheme as such amount is warranted and certified by the Developer pursuant to Clauses 11.3.3 (Grant Claim Procedures), 11.5.1 (Grant Claim Procedures) and Clause 11.8.3 (Grant Claim Procedures); Additional Scheme means a scheme for the Delivery of AHP Housing proposed by the Developer in addition to the Original Schemes; Affordable Rent means a rent which does not exceed eighty per centum (80%) of the market rent (inclusive of service charges) for an equivalent property of the relevant size and location such rent to be assessed and set in accordance with the applicable requirements of Legislation and of the Rent Standard;
Actual Development Costs means in respect of each Firm Scheme the amount of Development Costs actually incurred by the Developer in Delivering that Firm Scheme as such amount is warranted and certified by the Developer pursuant to Clauses 11.3.3 (Grant Claim Procedures and Nil Grant Schemes), 11.5.1 (Grant Claim Procedures and Nil Grant Schemes) and Clause 11.8.3 (Grant Claim Procedures and Nil Grant Schemes); Additional Scheme means a scheme for the Delivery of AHP Housing proposed by the Developer in addition to the Original Schemes; Affordable Rent means a rent which does not exceed eighty per centum (80%) of the market rent (inclusive of service charges) for an equivalent property of the relevant size and location such rent to be assessed and set in accordance with the applicable requirements of Legislation and of the Rent Standard;
Actual Development Costs means in respect of each Firm Scheme the amount of Development Costs actually incurred by the Grant Recipient in acquiring Rehabilitating and/or converting that Firm Scheme as such amount is certified by the Grant Recipient pursuant to Condition 9.2.3; Additional Scheme means a scheme for the delivery of AHP Housing proposed by the Grant Recipient in addition to those comprised within the Original Approved Bid; Affordable Dwelling means a house, flat or maisonette which was acquired as an empty property and rehabilitated or converted with the benefit of grant payable under this Agreement and in relation to each relevant Firm Scheme as more particularly described in the relevant Firm Scheme Details;