Budgeted Project Costs Clause Samples
The 'Budgeted Project Costs' clause defines the total estimated expenses allocated for a project, setting a financial framework within which the work must be completed. This clause typically outlines the categories of costs included, such as labor, materials, and overhead, and may specify procedures for handling cost overruns or adjustments. Its core function is to establish clear financial boundaries and expectations, helping to prevent disputes over project funding and ensuring that both parties are aligned on the project's financial scope.
Budgeted Project Costs. The aggregate costs for the acquisition or development of a Property as set forth in the applicable Acquisition or Development Budget, respectively.
Budgeted Project Costs. With respect to Construction-In-Process, the total budgeted project cost of such Construction-In-Process shown on schedules submitted by the Borrower Representative to the Administrative Agent from time to time; 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 Borrower's pro-rata share of the total budgeted project cost of such Construction-In-Process (based on the greater of (x) such Borrower's percentage equity interest in such Partially-Owned Entity or (y) the Borrower's obligation to provide, or liability for providing, funds to such Partially-Owned Entity).
Budgeted Project Costs. With respect to Construction-In-Process, the total budgeted project cost of such Construction-In-Process shown on schedules submitted by the Borrower Representative to the Administrative Agent from time to time; 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 Borrower’s pro-rata share of the total budgeted project cost of such Construction-In-Process (based on the greater of (x) such Borrower’s percentage equity interest in such unconsolidated Partially-Owned Entity or (y) the Borrower’s obligation to provide, or liability for providing, funds to such unconsolidated Partially-Owned Entity).
Budgeted Project Costs. The aggregate costs for the acquisition or development of a Property as set forth in the applicable Acquisition or Development Budget, respectively. Buy-Out Closing Date. The meaning set forth in Section 9.6 hereof. Buy/Sell Notice. The meaning set forth in Section 9.1 hereof. Buy/Sell Price. The meaning set forth in Section 9.1 hereof. Campus Crest. The meaning set forth in the Recitals. Campus Crest Authorized Bank Account Signatory. The meaning set forth in Section 8.8 hereof. Campus Crest Change in Control Effective Date. The meaning set forth in Section 5.1(c) hereof. Campus Crest Guarantor. Campus Crest Communities Operating Partnership, LP, a Delaware limited partnership. Campus Crest Guaranty Loan. The meaning set forth in Section 3.10(a) hereof. Campus Crest Triggering Event. The meaning set forth in Section 6.1 hereof. Capital Account. The meaning set forth in Exhibit B hereof. Capital Call. The meaning as set forth in Section 3.2 hereof. Capital Contribution. The amount of money and/or the Fair Market Value of any property contributed to the capital of the Company by a Member (less the amount of liabilities encumbering such property assumed by the Company or to which such property is subject). Capital Event. The borrowing of any funds by the Company or the placement of new or additional financing securing all or any portion of a Property or any interest therein; the refinancing of any existing or new financing upon all or any portion of a Property or any interest therein; or the sale, exchange, condemnation, casualty loss or other disposition (whether voluntary or involuntary) of all or any portion of the Properties or any interest therein (including any disposition in consideration for securities in any real estate investment trust or other entity), other than leases of space and dispositions of personal property in the ordinary course of business. Capital Proceeds. The consideration resulting from a Capital Event with respect to one or more of the Properties, less the sum of (a) any expenses incurred in connection with such Capital Event, (b) any portion of such proceeds applied toward the payment of any indebtedness being refinanced or secured by or relating to the Property disposed of, (c) any portion of such proceeds applied to acquire, develop, or rehabilitate real property or personal property or interests therein in accordance with the terms hereof, and (d) any portion of the proceeds reserved for payment of expenses and/or working capit...
Budgeted Project Costs. With respect to Real Estate Assets Under ---------------------- Development, the budgeted project cost of such Real Estate Asset Under Development shown on schedules submitted to the Agent; provided that for Real -------- Estate Assets Under Development owned by any Partially-Owned Real Estate Holding Entity, the Budgeted Project Cost of such Real Estate Asset Under Development shall be the Borrower's pro-rata share of the budgeted project cost of such Real Estate Asset Under Development (based on the greater of (x) the Borrower's percentage equity interest in such Partially-Owned Real Estate Holding Entity or (y) the Borrower's obligation to provide funds to such Partially-Owned Real Estate Holding Entity).
Budgeted Project Costs. 4 (26) Business Day...................................................................... 4 (27)