Cost to Complete Sample Clauses
The 'Cost to Complete' clause defines the method for determining the remaining expenses required to finish a project or contract. Typically, this clause outlines how the parties will calculate outstanding costs, which may include labor, materials, and other resources necessary to bring the work to completion. It is often used when assessing progress payments, evaluating contractor performance, or in the event of contract termination. The core function of this clause is to provide a clear and agreed-upon process for estimating and allocating the financial resources needed to complete the work, thereby reducing disputes and ensuring transparency in project management.
Cost to Complete. Test on any date will be satisfied where the aggregate of undrawn commitments under this Agreement, and all other committed sources of funding available to the Recipient (including any Contributions) exceeds the Cost to Complete;
Cost to Complete. Lender shall have determined in the ---------------- exercise of its sole discretion that the Project can be built for not more than the amount specified therefore in the Project Budget.
Cost to Complete. 35 Section 4.23
Cost to Complete. 7.1 The Borrower has delivered a Cost to Complete Certificate to the Facility Agent and the Technical Agent with the relevant Utilisation Request, certifying (A) that no Cost to Complete Shortfall exists, has occurred, or is likely to occur, and (B) that Project Completion is expected to occur by the Projected Completion Date, which Cost to Complete Certificate shall set out all relevant calculations in a sufficient level of detail in order for the Independent Technical Consultant to verify such confirmation and shall be countersigned by the Independent Technical Consultant confirming that no Cost to Complete Shortfall exists.
Cost to Complete. The reasonably estimated costs of completing the Project Implementation Work and achieving Milestone Substantial Completion by the Scheduled Milestone Substantial Completion Dates and Project Final Completion in accordance with the Contract Standards and the cost elements set forth in Appendix 2 (Preliminary Services). Considerations of risk shall be taken into account separately, pursuant to item (2) below. Such costs shall be the basis of the items constituting the Schedule of Values.
Cost to Complete. The Borrower shall have delivered to the Administrative Agent a copy of the most recent Cost to Complete Certificate approved pursuant to Section 6.01(b), provided that such Cost to Complete Certificate shall have been so approved within sixty (60) days immediately preceding the Requested Disbursement Date.
Cost to Complete a certificate from a director of the Borrower confirming:
(i) details of the capital cost budget and construction schedule for the Project in a form satisfactory to the Agent;
(ii) evidence satisfactory to the Agent that all sources of funds (other than the Tranche A Amount and Tranche B Amount and Tranche C Amount) described in the assumptions worksheet detailed in the cash flow model in the Base Case have been expended or are available to be expended for the uses described in such worksheet (including proceeds of US$1,000,000 from the rig sale); and
(iii) details of expenditure already incurred for the Project.
Cost to Complete. If, at any time, a Project Borrower determines there is a Funding Shortfall with respect its Project, the Borrowers shall within thirty (30) days of such determination, obtain additional capital, subordinated debt or other sources of financing permitted under this Commitment Agreement so that there is no Funding Shortfall.
Cost to Complete