Fixed Budget Limit Sample Clauses

Fixed Budget Limit. The fixed budget limit of construction cost (the “Fixed Budget Limit”) for the Project is the sum of GBD’s Cash Grant and the City Funds for construction. The Fixed Budget Limit includes all of the costs of basic construction of the Project, including a 15% construction contingency. The Preliminary Project Budget is attached as Exhibit F. DRAFT
Sample 1
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Fixed Budget Limit. Adjustments; Allowances; Submittals. 21 2.6. Allocation of Common Infrastructure Costs 23 2.7. Diligent and Good Faith Efforts 24 2.8. Standard of Care 24 2.9. Suspension of Obligations 24 2.10. Exclusive Negotiations; City’s Reserved Rights 24 2.11. Proprietary or Confidential Information. 25 3. TERM; PERFORMANCE DATES 26 3.1. PDA Term; Predevelopment Period Extensions 26 3.2. Performance Milestones 27 3.3. Unavoidable Delays and Regulatory Appeal Delays. 27 4. PDA PHASES; NOTICES TO PROCEED 28 4.1. Performance 28 4.2. Notices to Proceed; Decision Not to Proceed 29 4.3. Acceptance of Work. 30 5. PROJECT DOCUMENTS 31 5.1. Negotiating Principles. 31 5.2. Transaction Documents. 32 5.3. Approval of Project Agreement and Other Transaction Documents 32 6. PREDEVELOPMENT WORK 33 6.1. Statement of Work 33 6.2. PDA Phases 33 6.3. Due Diligence Investigation 33 6.4. Compliance with Plans 34 6.5. Design Development. 34 6.6. Asset Management Program 35 6.7. Energy Management Program 35 6.8. Project Financing 35 6.9. HCC Predevelopment Work 36 6.10. Local Business Enterprise Plan 41 6.11. Design-Build Contract 42 6.12. Infrastructure Facility Maintenance 42 6.13. IFM Contract 42 6.14. Interface Agreements and Direct Agreements 43 6.15. Pricing and Fixed Budget Limit; Determining the Final Price 43 6.16. Early Works 45 6.17. Formation of Principal Project Company and Housing Project Company 45 6.18. Utilities 45 6.19. Construction Permits 45 6.20. CEQA 46 6.21. Regulatory Approvals 47 6.22. Correction of Defective Work Materials 50 6.23. Guaranty 50 6.24. MME Expansion Project 51 7. PREDEVELOPMENT MANAGEMENT 51 7.1. Development Team 51 7.2. Key Personnel; Organization 51 7.3. Project Directors and Project Managers 52 7.4. Communication 52 7.5. Cost Reports and Audits. 52 7.6. Community Outreach and Public Relations 53 7.7. Monthly and Quarterly Report 56 7.8. Weekly Meetings 56 7.9. Data Room 57 7.10. Assignment of Work Materials 57 8. CITY PREDEVELOPMENT OBLIGATIONS 57 8.1. Design and Plan Development 57 8.2. Cooperation in Developing the Transaction Documents 57 8.3. Cooperation in Financing Efforts 57 8.4. Housing and Commercial Component Feasibility Analysis and Financing. 57 8.5. Design-Build Contract 58 8.6. Asset Management Program 58 8.7. Energy Management Program 58 8.8. IFM Contract 58 8.9. Early Works 58 8.10. General Regulatory Approval Cooperation 58 9. CHANGES TO THE PROJECT 58 9.1. Infrastructure Facility or Infrastructure Facility Maintenance Changes Pr...
Sample 1
Fixed Budget Limit. Lead Developer has committed to a maximum amount for the design and construction costs and Infrastructure Facility Maintenance costs of the Infrastructure Facility, together with the LD Predevelopment Cost, as specified in FS Form A7 of the Financial Proposal (the “Fixed Budget Limit”). The Fixed Budget Limit is subject to adjustment from the Commencement Date through to Performance Milestone 27A in accordance with Section 2.5(b) (Increases to Fixed Budget Limit), (c) (No Other Increases to Fixed Budget Limit), (d) (Reductions to Fixed Budget Limit) and (e) (
Sample 1
Fixed Budget Limit. The total cumulative Preliminary Project Budget is $7,735,000, which is comprised of $5,000,000 in Esprit Funds and $2,735,000 in Project funding from the City. Neither UCSF nor GBD shall be obligated to fund any funding shortfall pursuant to this Agreement or any other agreement unless such Party expressly so agrees in writing.
Sample 1

Related to Fixed Budget Limit

  • Budget Adjustments The Grantee shall submit the Budget Adjustment Request [TJJD-FIS-304] to the Department for any adjustment to the original budget. The Grantee must receive written or electronic approval from the Department prior to expending the funds.

  • Budget Schedule Subrecipient agrees that the expenditures of any and all funds under this Contract will be in accordance with the Budget Schedule, a copy of which is attached hereto as Attachment C, and which by this reference is incorporated herein and made a part hereof as if fully set forth.

  • Budget Impact The rental fee provided for in the agreement is for One Hundred Seventy dollars ($170.00) per month. This is a total annual airport revenue of $2,040.00.

  • Budget Narrative Services are strictly paid as cost reimbursement. No funds will be paid for services not provided.

  • Background and Narrative of Budget Reductions 2. Assumptions Used in the Deficit Reduction Plan: - EBF and Estimated New Tier Funding: - Equal Assessed Valuation and Tax Rates: - Employee Salaries and Benefits: - Short and Long Term Borrowing: - Educational Impact: - Other Assumptions: - Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) If yes please explain: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)

  • Budget The System Agency allocated share by State Fiscal Year is as follows:

  • February Budget Forecast GDP for the upcoming calendar year;

  • Cash Basis and Budget Laws The right of the City to enter into this Agreement is subject to the provisions of the Cash Basis Law (K.S.A. 10-1112 and 10-1113), the Budget Law (K.S.A. 79-2935), and all other laws of the State of Kansas. This Agreement shall be construed and interpreted so as to ensure that the City shall at all times stay in conformity with such laws, and as a condition of this Agreement the City reserves the right to unilaterally sever, modify, or terminate this Agreement at any time if, in the opinion of its legal counsel, the Agreement may be deemed to violate the terms of such laws.

  • Approved Budget (a) Subject to subsection (b) and subsection (c) below, none of the Credit Parties shall pay any obligations or expenses (including, without limitation, bonus payments or other compensation to senior management personnel, but excluding legal fees and expenses) except to the extent expressly contemplated and permitted in the Current Period of the Approved Budget applicable at the time of such payment. On or before the Wednesday prior to the first Monday of each Fiscal Month of the Borrower, commencing with the Wednesday prior to the first Monday of October 2010, the Borrower shall deliver an updated budget (for the period of 13 weeks commencing with the first day of such Fiscal Month) (each, a “Proposed Budget”) to Agent. Each such Proposed Budget shall be accompanied by a variance report setting forth actual cash receipts and disbursements from the Petition Date through the last day of the preceding month and all variances, on an aggregate basis and, with respect to Specified Budget Line Items, on a line-item basis, for such period from the amounts set forth for the corresponding period in the preceding Approved Budgets (including explanations for each such material variance), certified by the Chief Restructuring Officer as being prepared in good faith and fairly presenting in all material respects the information set forth therein. Each Proposed Budget provided to Agent shall be of no force and effect unless and until it is approved in writing by the Requisite Lenders, and until such approval is given the prior Approved Budget shall remain in effect and no Credit Party may pay any obligations or expenses (excluding legal fees and expenses) other than as permitted (subject to subsection (b) below) in the Current Period of such prior Approved Budget. The Requisite Lenders shall approve or reject each Proposed Budget within four Business Days after delivery by the Borrower to Agent as set forth above, provided that any failure to approve a Proposed Budget shall constitute a rejection of such Proposed Budget. Any such Proposed Budget, upon the written approval of the Requisite Lenders shall become, as of the date of such approval and for the period of time covered thereby, the Approved Budget, and shall prospectively replace any prior Approved Budget.

  • Budget Categories Use the first column only (Column 1) to report the budget category breakouts (Lines 6a through 6h) and indirect charges (Line 6j) for the total funding requested for the first year of your project only.

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