Budgeted Project Costs means, with respect to Construction-In-Process, the total budgeted project cost of such Construction-In-Process;provided that for Construction-In-Process owned by any Partially-Owned Entity, the Budgeted Project Cost of such Construction-In-Process shall be the applicable Obligor’s pro- rata share of the total budgeted project cost of such Construction-In-Process (based on the greater of (x) such Obligor’s percentage equity interest in such Partially- Owned Entity or (y) the Obligor’s obligation to provide or liability for providing funds to such Partially-Owned Entity).
Budgeted Project Costs means with respect to Properties under ---------------------- Development, the budgeted cost of completion of such Properties under Development, provided that the budgeted costs shall include projected operating deficits through completion and the projected date of occupancy of seventy-five percent (75%) of the dwelling units and provided further that, for Properties under Development by Investment Affiliates, the Budgeted Project Costs shall be the Borrower's share of the budgeted costs of completion (based on the greater of (x) the Borrower's percentage equity interest in the Investment Affiliates or (y) the Borrower's obligation to provide funds to the Investment Affiliates, which could include, for example, completion guaranties).
Budgeted Project Costs means, with respect to Properties Under Development, the budgeted cost of construction and final completion of such Properties Under Development; provided that the Budgeted Project Costs shall include projected operating deficits through completion and the projected date of occupancy of eighty-five percent (85%) of the gross leasable space; provided further that, with respect to Properties Under Development by Minority Interest Entities, the Budgeted Project Costs shall be the applicable Consolidated Party's share of the budgeted costs of construction and final completion (based on the greater of (x) the Minority Interest of such Consolidated Party or (y) such Consolidated Party's obligation to provide funds to the Minority Interest Entity, which could include, for example, completion guaranties).
Examples of Budgeted Project Costs in a sentence
As at the end of any fiscal quarter or other date of measurement, the Borrowers shall not permit the aggregate Budgeted Project Costs of all Construction-in-Process to exceed 10% of Consolidated Capitalized Value.
Deviation of the current Budgeted Project Costs in relation to the budgeted cost of the Project as listed in the approved Development Plan, by an amount that exceeds a minimum of ten percent (10%) of the budget for the project included in the Development Plan, or an amount of two million (€ 2.000.000) Euros.
With respect to each line item of Project Costs, the amount, if any, by which such line item of Project Costs exceeds said line item of Budgeted Project Costs.
As at the end of any fiscal quarter or other date of measurement, the Borrowers shall not permit (a) the sum of (i) the book value of Unimproved Land, plus (ii) the aggregate Budgeted Project Costs of all Construction-in- Process, plus (iii) the book value of Indebtedness of third parties to the Borrowers or their Subsidiaries for borrowed money or other liquid or liquifiable obligations, whether secured or unsecured, to exceed (b) 20% of Consolidated Capitalized Value.
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More Definitions of Budgeted Project Costs
Budgeted Project Costs means, with respect to Construction-In-Process, the total budgeted project cost of such Construction-In-Process; provided that for Construction-In-Process owned by any unconsolidated Partially-Owned Entity, the Budgeted Project Cost of such Construction-In-Process shall be the applicable Obligor's pro-rata share of the total budgeted project cost of such Construction-In-Process (based on the greater of (x) such Obligor's percentage equity interest in such unconsolidated Partially-Owned Entity or (y) the Obligor's obligation to provide or liability for providing funds to such unconsolidated Partially-Owned Entity).
Budgeted Project Costs means with respect to Properties under ---------------------- Development, the budgeted cost of completion of such Properties under Development, provided that the budgeted costs shall include projected operating deficits through completion and the projected date of occupancy of seventy-five percent (75%) of the dwelling units and provided further that, for Properties under Development by Investment Affiliates, the Budgeted Project Costs shall be the Borrower's share of the budgeted costs of completion (based on the greater of (x) the Borrower's percentage equity interest in the Investment Affiliates or (y) the Borrower's obligation to provide funds to the Investment Affiliates, which could include, for example, completion guaranties or similar obligations, provided that, in any case where a completion guaranty or similar obligation exists, the Budgeted Project Costs shall be determined based upon Borrower's percentage equity interest in the applicable Investment Affiliate plus the amount of any claims made on such completion guaranty or similar obligation).
Budgeted Project Costs is hereby amended to provide in full as follows:
Budgeted Project Costs means, with respect to Construction-In-Process, the total budgeted project cost of such Construction-In-Process; provided that for Construction-In-Process owned by any Partially-Owned Entity, the Budgeted Project Cost of such Construction-In-Process shall be the applicable Obligor’s pro-rata share of the total budgeted project cost of such Construction-In-Process (based on the greater of (x) such Obligor’s percentage equity interest in such Partially-Owned Entity or (y) the Obligor’s obligation to provide or liability for providing funds to such Partially-Owned Entity).
Budgeted Project Costs means the amount budgeted by, and to be used by, the Borrower to develop and construct the Project and operate the Project through to Completion (including funds for financing fees, interest, closing costs and insurance premiums), all as is more fully described in the Construction Budget. As of the date hereof, the Budgeted Project Costs exclusive of Operation and Maintenance Expenses (other than expenses referred to in (j) of such definition) and working capital associated with the Existing Mine equal US$153,000,000.
Budgeted Project Costs means, with respect to Properties Under Development, the budgeted cost of construction and final completion of such Properties Under Development; provided that the Budgeted Project Costs shall include projected operating deficits through completion and the projected date of occupancy of eighty-five percent (85%) of the gross leasable space; provided further that, with respect to Properties Under Development by Minority Interest Entities, the Budgeted Project Costs shall be the applicable Consolidated Party’s share of the budgeted costs of construction and final completion (based on the greater of (x) the Minority Interest of such Consolidated Party or (y) such Consolidated Party’s obligation to provide funds to the Minority Interest Entity, which could include, for example, completion guaranties).
Budgeted Project Costs means one-hundred and five-percent (105%) of the Project Costs budgeted at Financial Closing for a Production Line (exclusive of contingency that may be in such budget used for financing) and contained in the pro-forma and sources and uses used in connection with the financing. In the interest of clarity the intent here is to have a five percent contingency for purpose of incentive and so 105% of budgeted cost is used. It is recognized that for financing, a different contingency may be used.