Actual Construction Costs has the meaning set forth in Exhibit C.
Actual Construction Costs has the meaning given to that term in Clause 15.1(G)(i) (Preliminary Construction Costs Report);
Actual Construction Costs means the aggregate, actual construction costs calculated pursuant to the terms set forth in the Actual Construction Costs Addendum.
Examples of Actual Construction Costs in a sentence
Note: After project construction is complete, you are required to file a Certification of Actual Construction Costs (CACC) form.
Notwithstanding anything to the contrary contained herein, the Tenant shall use no more than the following amounts of the Construction Allowance toward the following Actual Construction Costs: (i) $788,703 for construction management/oversight fees; and (ii) $1,402,140 for furniture, fixtures and equipment expenses and moving expenses.
At any time an Event of Default exists, TECO shall have no rights of withdrawal with respect to such account and, in any event, Administrative Agent's only rights with respect to such account shall be to pay to Contractor, Subcontractors and/or any other Person to which Actual Construction Costs are then due and owing with amounts in such account.
At any time an Event of Default exists, TECO shall have no rights of withdrawal with respect to such account and, in any event, Administrative Agent's only rights with respect to such account shall be to pay to Original Contractor, Contractor, Subcontractors and/or any other Person to which Actual Construction Costs are then due and owing with amounts in such account.
Provided no Event of Default exists, TECO shall have the right to withdraw amounts in such account and advance such amounts to Borrower to pay Contractor, Subcontractors and/or any other Person to which Actual Construction Costs are then due and owing as and when amounts are due such Persons.
More Definitions of Actual Construction Costs
Actual Construction Costs means the actual contract amount to be paid by NMSU to the XXXX for the Work. Construction costs do not include costs associated with furniture and equipment not specified within the Construction Documents. “As-built” means construction drawings revised to show all significant changes to the construction documents made during the construction process, usually based on marked up prints, drawings, and other data furnished by the XXXX to the Design Professional.
Actual Construction Costs shall be defined as: (1) the sum of all of the contracts between WestEd and the contractors who will actually construct the Project and for whose work Architect or its consultants prepared Final Working Drawings and Specifications acceptable to WestEd; and (2) all authorized additive change orders for such contracts, so long as any such additive change orders were not made necessary by the negligent or willful acts or omissions of the Architect or its consultants; and (3) general conditions and all other construction management fees for CM/multiple prime contracts, if any. The Actual Construction Costs shall not include the following: (1) compensation paid to the Architect, the Architect’s consultants or other consultants hired by WestEd; (2) the costs of land or rights-of-way; (3) the costs of furnishings, equipment or other articles furnished by WestEd for the Project; (4) testing and inspection fees; (5) reimbursable costs as outlined in this Agreement or any other agreement for the Project; and (6) other costs which are the responsibility of WestEd, including those provided for in Section 3.9 of the Agreement.
Actual Construction Costs means the actual, reasonable and necessary costs, or as otherwise approved in writing by HFRM, incurred by HEP Operating to construct the Malaga Construction Projects and the Devon Lease Connections; provided, however, that the numerator of the formula for calculating the Surcharge Tariff (Actual Construction Costs - $38,500,000) shall not exceed $13,500,000 such that the maximum value for such numerator shall be $13,500,000. At the end of each Contract Quarter during the first five years of the Applicable Term, following the Malaga Commencement Date, HFRM shall pay HEP Operating an amount for each Contract Quarter determined by multiplying the Minimum Throughput Commitment for the Malaga Pipeline System for such Contract Quarter, by the Surcharge Tariff. The Surcharge Tariff is in addition to the Applicable Tariff to be paid by HFRM. 3From and after the New Tank Commencement Date established pursuant to Exhibit H, if any, the Tankage Base Tariff shall be increased by an amount per barrel equal to: For example, if the Final Construction Costs = $1,500,000, the per barrel increase in the Tankage Base Tariff would be calculated as follows: $1,500,000/(0.9 x 8.1928 x 140,000 x 365) = $0.0040. 4 Reflects reduction in throughput fee effective January 1, 2015 as a result of the secondment arrangement at the El Dorado refinery. Also reflects reduction in throughput fee effective January 1, 2017 as a result of the sale of tanks 243 and 244 from El Dorado Logistics LLC to HollyFrontier El Dorado Refining LLC. 5 Reflects reduction in throughput fee effective January 1, 2015 as a result of the secondment arrangement at the Cheyenne refinery. 6The Minimum Interconnecting Pipeline Revenue Commitment shall be an amount of revenue to HEP Operating for each Contract Quarter determined by adding: 1) the Minimum Interconnecting Pipeline Liquid Throughput multiplied by the Interconnecting Pipeline Liquid Tariff, and 2) the Minimum Interconnecting Pipeline Gas Throughput multiplied by the Interconnecting Pipeline Gas Tariff. 7In the event that any third party transports Crude Oil on the Roadrunner Pipeline for ultimate delivery to HollyFrontier or any of its Subsidiaries and such third party pays throughput fees equal to or greater than the then-current base tariff for each such barrel of Crude Oil transported on the Roadrunner Pipeline for ultimate delivery to HollyFrontier or any of its Subsidiaries (“Qualified Third-Party Throughput”), then revenues paid to HEP Operating b...
Actual Construction Costs means all of the costs and expenses ------------------------- actually incurred by Borrower to bona fide third parties in connection with the actual renovation of the Facility in accordance with the Construction Project. Any costs or expenses for materials and supplies that are not incorporated into the improvements at the Facility or that are stored on, at, or off of the Facility shall not be deemed part of the Actual Construction Costs unless Lender decides in its reasonable discretion to deem such costs or expenses as part of the Actual Construction Costs. Any costs or expenses that are not related to the Facility shall not be deemed part of the Actual Construction Costs unless Lender decides in its reasonable discretion to deem such costs or expenses as part of the Actual Construction Costs.
Actual Construction Costs means the actual cost of all line items shown in the Budget, including interest, loan fees, certain prepaid land lease payments pursuant to the Ground Lease Documents, legal fees and expenses, title insurance costs, appraisal fees, architectural fees, environmental and engineering fees, construction costs, and construction administration fees, all of which costs shall reflect all cost savings in completing the Improvements.
Actual Construction Costs means the actual, reasonable and necessary costs, or as otherwise approved in writing by HFRM, incurred by HEP Operating to construct the “Construction Projects” listed on Exhibit B (excluding Item 4 on Exhibit B) and the “Devon Lease Connections” listed on Exhibit C; provided, however, that the numerator of the formula for calculating the Surcharge Tariff (Actual Construction Costs – $38,500,000) shall not exceed $13,500,000 such that the maximum value for such numerator shall be $13,500,000. At the end of each Contract Quarter during the first five years of the Term, following the Commencement Date, HFRM shall pay HEP Operating an amount for each Contract Quarter determined by multiplying the Minimum Pipeline Throughput for such Contract Quarter, by the Surcharge Tariff. The Surcharge Tariff is in addition to the Pipeline Base Tariff and Pipeline Incentive Tariff paid by HFRM pursuant to Section 3(a)(ii)(A).
Actual Construction Costs. Section 2(u)(iii)