Predevelopment Budget Sample Clauses
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Predevelopment Budget. Before receiving HUD's written approval of the Supplemental Submissions, the Grantee may submit a predevelopment budget ("Predevelopment Budget") for the purpose of requesting HOPE VI Grant funds for predevelopment costs. Upon written approval by HUD of the Predevelopment Budget (with any modifications required by HUD), funds may be drawn down for eligible Predevelopment Costs (as defined in subparagraph (2) below), subject to the requirement for an environmental review under Article VIII(B), in accordance with the provisions of this Grant Agreement.
Predevelopment Budget. Revisions to Budget 5 Section 2.5 Security 5
Predevelopment Budget. Morgans and ▇▇▇▇ agree that, notwithstanding anything to the contrary contained in the Operating Agreement, each Member shall fund fifty percent (50%) of the Predevelopment Costs (which fifty percent (50%) amount shall not exceed $418,713.84 for each Member) set forth in the revised 9/19/08 Predevelopment Budget covering the period from October 1, 2008 through December 31, 2009, which Predevelopment Budget is hereby approved by the Parties and supersedes any prior Predevelopment Budget. The amounts set forth in such revised Predevelopment Budget shall be funded pursuant to Capital Calls issued in accordance with the terms of the Operating Agreement; provided, however, the Members agree that any amounts required to be funded by either Member pursuant to any pending or future Capital Call Notice shall be netted against any funds required to be paid to any such Member (or its affiliates) by the other Member or the Company in respect of the cost items described in such Capital Call Notice, such that the Members shall only be required to fund a Capital Call if and to the extent that the amount to be reimbursed to such Member for cost items described in such Capital Call Notice is less than fifty percent (50%) of the amounts requested in the Capital Call Notice.
Predevelopment Budget. In addition to any other rights of Lender hereunder, any material change to the Predevelopment Budget or the Business Plan shall require the prior approval of Lender, which approval shall not be unreasonably withheld, conditioned or delayed.
Predevelopment Budget. Southside Revitalization Phase 1 LP 8/15/2011 Budget Breakdown (City funded)
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