A&D Lot Development Budget definition

A&D Lot Development Budget means the budget for the construction of A&D Lot Improvements in connection with A&D Lots in an Approved Subdivision approved by Lender, as amended and modified from time to time, with any aggregate change in the total A&D Lot Development Budget for A&D Lots in an Approved Subdivision in excess of 5% of the total A&D Lot Development Budget for such A&D Lots to require advance approval of Lender.
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A&D Lot Development Budget means the budget for the construction of A&D Lot Improvements in connection with A&D Lots in an Approved Subdivision approved by Bank, as amended and modified from time to time, with any aggregate change in the total A&D Lot Development Budget for A&D Lots in an Approved Subdivision which is in excess of 5% of the total A&D Lot Development Budget for such A&D Lots and which will cause the cost of the Lots in such Approved Subdivision to exceed one hundred percent (100%) of the Maximum Allowed Advance for the Lots in such Approved Subdivision shall require the advance approval of Bank.
Sample 1
A&D Lot Development Budget means the budget for the acquisition of the applicable Approved Subdivision and the construction of Lot Improvements in such Approved Subdivision provided to Administrative Agent prior to the Lots in such Subdivision being Eligible Assets.
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Examples of A&D Lot Development Budget in a sentence

  • The portion of any A&D Lot Development Budget and Unit Budget attributable to “soft costs” and “hard costs” line items will be limited to the lesser of (i) the actual costs, expenses, and fees incurred by Borrower; and (ii) the amounts allocated for such costs, expenses, and fees in the line items in the A&D Lot Development Budget or each Subdivision’s Unit Budgets.

  • The contract price in each such agreement, document, and instrument must be within the budgeted amount in the applicable A&D Lot Development Budget.

  • Based on its review and verification of costs, expenses, and fees in each Unit Budget and each A&D Lot Development Budget, Lender will have the right to (a) adjust any and all such budgeted amounts for purposes of determining Collateral Values of Eligible Collateral and (b) reduce or increase the applicable Collateral Values.

  • Naive users divulge sensitive information on the web without thinking much about their on- line privacy [3].

  • Lender will have the right at any time and from time to time to review and verify all costs, expenses, and fees in each Unit Budget and each A&D Lot Development Budget.

  • Borrower agrees that without Lender’s prior written consent in its absolute and sole discretion, it may not (i) amend or modify the A&D Lot Development Budget or Unit Budget, or (ii) make or permit any material amendments or modifications of the construction contracts for development of Lots, the A&D Lot Development Plans and Specifications, Units, the Unit Plans and Specifications or any other agreements, documents, or instruments relating to development of an Approved Subdivision and Units therein.

  • Borrower will cause all A&D Lot Improvements to be constructed (i) in a good and workmanlike manner; (ii) in compliance with all applicable Requirements; and (iii) unless otherwise consented to by Lender in advance in writing in the absolute and sole discretion of Lender, in accordance with the A&D Lot Development Plans and Specifications without material deviation and within the limitations of the A&D Lot Development Budget as modified from time to time.

  • Each A&D Lot Development Budget (as updated from time to time) contains all costs, expenses, and fees anticipated to be incurred by Borrower and its Subsidiaries in connection with acquisition of the applicable Approved Subdivision and, if applicable, construction of the Lot Improvements.

  • Rupal Shah (DIN: 01756092), who retires by rotation and, being eligible, offers herself for re-appointment.

  • Borrower shall have provided to Administrative Agent and Administrative Agent shall have approved the A&D Lot Development Budget.


More Definitions of A&D Lot Development Budget

A&D Lot Development Budget means the budget for the acquisition of the applicable Approved Subdivision and the construction of Lot Improvements in such Approved Subdivision as approved by Administrative Agent in its reasonable discretion, and amended and modified from time to time with Administrative Agent’s approval (not to be unreasonably withheld, conditioned or delayed) pursuant to this Agreement or otherwise permitted under this Agreement.
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Related to A&D Lot Development Budget

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Research Budget has the meaning set forth in Section 4.2.

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Development Plan has the meaning set forth in Section 3.2.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Operating Budget has the meaning given in Section 3.11(a).

  • Development Project means a project for the development of land within a

  • Development Plans has the meaning set forth in Section 3.2.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • CapEx Budget means the annual budget covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Discretionary Capital Expenditures.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Approved Budget means an annual budget-

  • Project Plans mean the plans for the Project that are attached to this Agreement as Exhibit “B.”