Reimbursable Project Costs Cap definition

Reimbursable Project Costs Cap shall have the meaning set forth in Section 3.01. “Related Entity” shall have the meaning set forth in Section 7.06.B.1. “Replacement Value” shall have the meaning set forth in Section 7.03.B. “Restricted Entity” shall have the meaning set forth in Section 7.07.C.
Reimbursable Project Costs Cap means Thirteen Million Eight Hundred and Twenty-Eight Thousand Five Hundred and Seventy-Two Dollars ($13,828,572), plus all actual Financing Costs and Administrative Costs.
Reimbursable Project Costs Cap means an amount equal to Two Hundred Sixty Seven Thousand Fourteen Dollars ($267,014), as described in Section 4.2(a).

Examples of Reimbursable Project Costs Cap in a sentence

  • Subject to the terms of this Agreement, the City may issue one or more series of Obligations to reimburse the Developer for verified Reimbursable Project Costs, in an aggregate principal amount not to exceed the Reimbursable Project Costs Cap, plus all Administrative Costs and Financing Costs.

  • The Parties agree that Reimbursable Project Costs, to the extent actually incurred by Developer for the Project and certified by the City, up to the Reimbursable Project Costs Cap, are eligible for reimbursement in accordance with the TIF Act and this Agreement, although the City’s obligation to reimburse Developer shall be as provided in paragraph B of this Section.

  • Regardless of the total amount of Reimbursable Project Costs requested by Developer or certified by the City in accordance with this Article, the City’s obligation to reimburse Developer shall not exceed the Reimbursable Project Costs Cap.

  • All cost of any such defense, whether incurred by the City or the Developer, shall be deemed to be Reimbursable Project Costs, to the extent permitted by law, and will not count against the Reimbursable Project Costs Cap.

  • Subject to the limitations set forth in this Agreement, the City shall reimburse the Developer for all verified Reimbursable Project Costs which do not exceed the Reimbursable Project Costs Cap under the conditions and restrictions set forth in this Agreement, plus all Administrative Costs and Financing Costs, which shall not count against the Reimbursable Project Costs Cap.

  • In consideration for the Developer’s agreement to construct the Project and the Public Infrastructure Improvements, the UG agrees to reimburse the Developer for a portion of the costs of the Public Infrastructure Improvements (the "Reimbursable Project Costs"), subject to the Reimbursable Project Costs Cap (as defined below), and subject to all of the terms and conditions of this Agreement, including the Public Financing Conditions set forth in Section 3.1 above.

  • Subject to the terms of this Agreement and the conditions in this Section, and provided that no Developer Event of Default has occurred hereunder that has not been timely cured, then the Unified Government hereby agrees to reimburse Developer for Reimbursable Project Costs on a "Pay As You Go" basis in a total amount not to exceed the Reimbursable Project Costs Cap.

  • Such administrative fees shall have priority over reimbursement of Reimbursable Project Costs but shall not be applied to the Reimbursable Project Costs Cap.

  • A first response acknowledging receipt of the concern is expected within two school days.

  • Though neither party has given the other any assurances or guarantees regarding the Real Property Tax Revenues or reimbursements to be paid pursuant to the terms of this Agreement, the parties hereby agree that the Reimbursable Project Costs Cap and the incentives set forth herein were based upon the estimated reimbursable project costs set forth in Exhibit F, attached hereto.


More Definitions of Reimbursable Project Costs Cap

Reimbursable Project Costs Cap means $4,550,000 for all Reimbursable Project Costs, which is the total principal amount of the reimbursable costs to the Developer from TIF Revenues for the Redevelopment Project, plus Financing Costs and Administrative Costs as allowed to be reimbursed pursuant to this Agreement. The amount of $50,000 for the reimbursement of costs associated with improvements to Jayhawk Road shall only be treated as reimbursable under this Agreement if an amendment to the Redevelopment Plan is approved by Ordinance. Costs incurred by Developer pursuant to Section 7.1.E. or Section 9.6 shall not be subject to the Reimbursable Project Costs Cap. CID Project Costs are not reimbursable from TIF Revenues and accordingly are also not subject to the Reimbursable Project Costs Cap. No reimbursement for Reimbursable Project Costs shall be provided by the City except from TIF Revenues generated within the Redevelopment Project Area during the 23-year period following approval of the Redevelopment Project Ordinance.
Reimbursable Project Costs Cap means $200,000 in Reimbursable Project Costs. The Reimbursable Project Costs Cap shall be subject to reduction as set forth in Section 3.07 and Exhibit F of this Agreement.
Reimbursable Project Costs Cap means $1,500,000.00. “State” means the state of Kansas.

Related to Reimbursable Project Costs Cap

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Direct Costs means the sum of the following:

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Termination Costs means all documented Direct Costs and Indirect Costs incurred by Transmission Owner in connection with the performance of the Services (i) prior to the effective date of termination, including such costs incurred for materials, equipment, tools, construction equipment and machinery, engineering and other items, materials, assets or services that cannot reasonably be avoided, mitigated or cancelled, (ii) to unwind any work undertaken prior to or after the effective date of termination to the extent reasonably necessary to return the Projects to a configuration or condition in compliance with Good Utility Practice and applicable Law, and (iii) arising from cancellation costs relating to orders or contracts entered into in connection with the performance of Services by Transmission Owner prior to the effective date of the termination.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience.

  • Approved Operating Expenses means Operating Expenses incurred by Borrower or by any Manager on Borrower’s behalf (excluding any Restricted Payments) which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Properties, (iii) are for Management Fees, or (iv) have been approved in writing by Lender as Approved Operating Expenses; provided, however, that Approved Operating Expenses shall also include, for any calendar month in which Operating Expenses exceed the Monthly Operating Expense Budgeted Amount, the amount of such excess Operating Expenses up to and not to exceed ten percent (10%) of the Monthly Operating Expense Budgeted Amount for such calendar month as to which Borrower provides to Lender a reasonably detailed explanation of the reasons for and expenditures resulting in Operating Expenses exceeding the Monthly Operating Expense Amount.

  • Management Expenses means the Management Expenses more particularly described in Clause 10.1;

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • O&M Costs as defined in the Depositary Agreement.

  • Reimbursable item also means “allowable cost” and “compensable item.”

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • FTE Costs means the product of (a) the number of FTEs (proportionately, on a per-FTE basis) used by a Party or its Affiliates in directly performing activities assigned to such Party under and in accordance with the Global Development Plan, Commercialization Plan or Medical Affairs Plan, as applicable, and (b) the FTE Rate.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

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