Excess Project Costs Sample Clauses

Excess Project Costs. In no event shall any scope, cost or budget changes be authorized which would cause the amount of Total Project Costs to be exceeded unless the Participating County covenants to fund such excess with lawfully available funds and with the consent of the Agencies and so appropriates such funding.

Excess Project Costs. In no event shall any Project scope, cost, budget or schedule changes be authorized by the Participating County which would cause the amount of Total Project Costs to be exceeded unless the Participating County covenants to fund such excess with lawfully available funds and the Participating County first obtains the consent of the Agencies. The Participating County is solely responsible for any and all cost, expenses or fees of the Project which exceed the Maximum State Financing and the Participating County covenants to use its best efforts to promptly appropriate sufficient amounts to cover such cost, expenses or fees. The Participating County waives any and all claims against any of the Agencies or the State in the event that Total Project Costs exceed the amount initially established by the Board.

Excess Project Costs. In the event the actual cost (“Actual Line Item Cost”) of any matter covered by any given line item in any Budget exceeds the amount allocated to such line item in said Budget (“Approved Line Item Cost”), Borrower either has (a) paid or incurred the amount of the Actual Line Item Cost in excess of the Approved Line Item Cost (“Excess Cost”), or (b) the financial ability to pay such Excess Costs with its own funds, including without limitation the transfer of a portion of any Contingency line item amount provided for in the Budget and/or any “Cost Savings” (as defined in Section 2.3.9(c) below) to such line item in an amount equal to such Excess Cost.

Excess Project Costs. With respect to each line item of Project Costs, the amount, if any, by which such line item of Project Costs exceeds said line item of Budgeted Project Costs.

Excess Project Costs. Any costs of the Project that exceed the available proceeds of the Bonds shall be paid by the Company and the Authority shall have no liability therefor.

Excess Project Costs. In the event the actual cost ("ACTUAL LINE ITEM COST") of any matter covered by any given line item in any Budget exceeds the amount allocated to such line item in said Budget ("APPROVED LINE ITEM COST"), Borrower either has (a) paid or incurred the amount of the Actual Line Item Cost in excess of the Approved Line Item Cost ("EXCESS COST"), or (b) the financial ability to pay such Excess Costs with its own funds, including without limitation the transfer of a portion of any Contingency line item amount provided for in the Budget and/or any "COST SAVINGS" (as defined in Section 2.4.9.3 below) to such line item in an amount equal to such Excess Cost.

Excess Project Costs. SECTION 4.02 No Warranty of Suitability by Issuer....................................... 12 SECTION 4.03 Issuer to Pursue Remedies Against ......................................... 13 Vendors, Contractors and Subcontractors and Their Sureties SECTION 4.04 Completion of the Project.................................................. 13 SECTION 4.05

Excess Project Costs. Establish the necessary cost control arrangements and ensure that adequate provisions are in place to meet the costs of any unanticipated variations. Any cost over-runs in the construction, FF&E, purchasers and / or other Project Costs not included in the Project Budget shall be borne by the Project Sponsors and shall be paid by the Project Sponsors immediately upon identification thereof prior to the Borrower requesting any further Advances and BNB FTC and BNB shall be provided with such evidence of such payments as it may require as a condition precedent to the making of any further Advances.