Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.
Cost Overrun means an increase in the Total Development Costs;
Cost Overrun means any Project Cost in excess of the amount budgeted for Base Project Costs as in effect on the date of the Common Agreement (after taking into account any reallocations of Owner’s Contingency among line items in accordance with Section 2.1 and Section 6.8(b) of the Common Agreement.)
Examples of Cost Overrun in a sentence
This Development Contract (including the Schedules and Exhibits hereto), the Construction Contract, the TF Cost Overrun Guarantee, the Craft Loan Agreement and the Settlement Approval Order constitute the whole agreement and understanding of the parties as to the subject matter hereof and there are no prior or contemporaneous agreements between the Parties with respect thereto.
More Definitions of Cost Overrun
Cost Overrun means the difference (if a negative number) between the estimated cost of each stage of the development provided to, and approved by, us and the actual amount required to complete that stage of the development;
Cost Overrun means, with respect to each Authorized Improvement, the Cost or Actual Cost as appropriate of such Authorized Improvement in excess the Budgeted Cost.
Cost Overrun means the amount by which Construction Costs exceed the Indexed Bid Construction Costs.
Cost Overrun has the meaning set forth in Section 2.5.3.
Cost Overrun has the meaning set forth in Section 4.3(d).
Cost Overrun. Any Project Cost in excess of the Base Project Cost (excluding the Overrun Contingencies) amount budgeted therefor in the relevant line item of the Project Budget as in effect on the Common Agreement Date (after taking into account any reallocations (other than from Overrun Contingencies) among line items permitted pursuant to Section 6.8(b) of the Common Agreement.)
Cost Overrun means an amount determined at the sole discretion of the Lender, acting on the advice of its quantity cost surveyor, by which the actual cost of construction of a portion of the Project (determined on a line-by-line basis) exceeds the amount established for construction of that portion of the Project (determined on a line-by-line basis) in the Budget;