Contingency Line Item definition

Contingency Line Item means the Line Item in each Construction Budget identified as "contingency" that is intended to cover the eventuality of unforeseen Project Costs for the relevant Plant.
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Contingency Line Item shall have the meaning set forth in Section 3.10(a).
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Contingency Line Item is defined in Section 3.9.
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Examples of Contingency Line Item in a sentence

  • In no event may the Contingency Line Item of the Building Loan Budget be reallocated to any Line Item in the Project Loan Budget.

  • Provided no Event of Default exists and with Lender’s consent (which shall not be unreasonably withheld), after Completion of the Improvements, Borrower may draw amounts available under the Contingency Line Item of the Project Loan Budget to fund Shortfalls in monthly interest due, which amounts shall be deposited in the Interest Reserve.

  • The Contingency Line Item in the Building Loan Budget for Hard Costs shall contain at least five percent (5%) of the total projected Hard Costs, separate from the Contingency Line Items in the Project Loan Budget.

  • To the extent that the Contingency Line Item is not reallocated pursuant to this Section 3.6(b), it shall be used solely for Hard Costs of a type not included in any Line Item in the Budget and not contemplated by the original Plans.

  • Borrower may from time to time request that portions of the Contingency Line Item be reallocated to other Line Items.

  • The funding source for the cost increase is from the statewide Interstate Contingency Line Item Reserve which does not impact the local Reading funding sources.• There are no Amendments.

  • Attached please find copies of the County’s documentation for the sale of the property for tax deed and a draft copy of Resolution 2015-005 A Resolution Approving the Transfer of Funds from the Town’s General Government Contingency, Contingency Line Item to the Land Acquisition Line Item in the Town’s CY 2015 Budget.

  • Borrower or Manager, after notice to and approval by Lender, which shall not be unreasonably withheld or delayed, may reallocate to any Line Item the amount of any portion of the Contingency Line Item which has not previously been reallocated to any other Line Item.

  • Lender shall not unreasonably withhold such approval for the reallocation of (i) up to the first fifty percent (50%) of the Contingency Line Item, or (ii) any amounts of the Contingency Line Item which will not cause the percentage of the Contingency Line Item utilized through such date to exceed the percentage of the Budget expended through such date, but may withhold such approval in its discretion for any other reallocation.

  • Civcast Bid form - Contingency Line Item will be revised to Owner’s Allowance Line Item.


More Definitions of Contingency Line Item

Contingency Line Item means the line item in the Budget identified as “Contingency” which is intended to cover the eventuality of unforeseen costs or cost overruns. Upon any such reallocation of all or any portion of any such Cost Savings to any line item in the Budget, the amount of such Cost Savings shall no longer be deemed “Cost Savings” hereunder, but shall be deemed to be part of the line item in the Budget to which such amount was reallocated.
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Contingency Line Item means the Line Item in the Budget identified as "Contingency", which is intended to cover the eventuality of unforeseen Costs or cost overruns.
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Contingency Line Item shall have the meaning assigned to such term in the Mortgage Loan Agreement.
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Contingency Line Item has the meaning ascribed to such term in the Master Loan Agreement.
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Contingency Line Item is defined in Section 6.4(f)(i).
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Related to Contingency Line Item

  • contingency fee means any payment or other compensation that is contingent upon or is calculated upon the basis of a degree of success in soliciting or obtaining a Government contract or negotiating the whole or any part of its terms;

  • Contingency Fund means a monetary amount that continues month to month, if approved by a case manager, that is set aside in the Independent Choices Program service budget to purchase identified items that substitute for personal assistance.

  • Contingency Reserve means the sum of all assets minus the sum of all liabilities of a health care corporation, as shown in the annual financial statement filed under section 602.

  • Contingency means the identified and possible or already occurred fault of an element, including not only the transmission system elements, but also significant grid users and distribution network elements if relevant for the transmission system operational security;

  • Line Item means a field of information (or a combination of fields of information) to be entered in a Settlement Schedule by any Participating Subscriber in relation to a Conveyancing Transaction.

  • Emergency Situation means a situation in which an individual is experiencing a serious mental illness or a developmental disability, or a minor is experiencing a serious emotional disturbance, and 1 of the following applies:

  • Emergency Repairs means repairs to a utility facility located in or adjacent to a primary city street that must be performed immediately when the necessity arises to safeguard life or property or maintain continued operation of the facility.

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • National Contingency Plan or “NCP” shall mean the National Oil and Hazardous Substances Pollution Contingency Plan promulgated pursuant to Section 105 of CERCLA, 42 U.S.C. § 9605, codified at 40 C.F.R. Part 300, and any amendments thereto.

  • 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.

  • Emergency Expenditure means any of the Eligible Expenditures set forth in the CERC Operations Manual in accordance with the provisions of Section I.G of Schedule 2 to this Agreement and required for the activities included in the CERC Part of the Project.

  • Emergency Situations Fire, any other casualty, or any other events, circumstances or conditions which threaten the safety or physical well-being of the Facility's guests or employees or which involve the risk of material property damage or material loss to the Facility.

  • Emergency repair means work necessary to prevent destruction or dilapidation to real property or structural appurtenances thereto immediately threatened or damaged by fire, flood, earthquake or other disaster.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Contingency plan means a document setting out an organized, planned, and coordinated course of action to be followed in case of a fire, explosion, or release of hazardous waste or hazardous waste constituents which could threaten human health or the environment.

  • Emergency generator means any generator of which the sole function is to provide emergency backup power during an interruption of electrical power from the electric utility. An emergency generator does not include: