Approved Construction Budget definition

Approved Construction Budget. The Owner’s designated budget for the Cost of Construction, as indicated on the Pre-design Scope, Budget and Schedule Confirmation Form. Basis of Design: Documentation of the primary concepts and assumptions, influencing design decisions to comply with the design intent. The basis of design specifically describes the systems, components, conditions, and methods chosen to meet the design intent.

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Approved Construction Budget means the budget for construction of the Project as approved by the Administrative Agent on the advice of the Construction Consultant on or before the Effective Date, a copy of which budget is attached hereto as Schedule 1, together with any modifications thereto so approved and any further modifications thereto made thereafter that are either Permissible Modifications or are approved in writing by Texas Resort Owner and the Administrative Agent in accordance with the terms of this Agreement.

Approved Construction Budget means the construction budget prepared by the Borrower and approved by the Administrative Agent, the Lenders and the Independent Engineer specifying the cost by category of all Project Costs, as the same may be supplemented or amended from time to time with the approval of the Administrative Agent.

Examples of Approved Construction Budget in a sentence

The Professional shall provide a reconciliation to the previous cost estimate and the Approved Construction Budget.
The Professional shall not approve any such proposed equal materials or equipment unless such equals conform to (i) the Project design concept; (ii) the Construction Documents; (iii) the Contracts for Construction; and (iv) the Owner’s Approved Construction Budget.
The Professional shall not approve any such submittals unless such submittals conform to (i) the Project design concept; (ii) the Construction Documents; (iii) the Contracts for Construction; and (iv) the Owner’s Approved Construction Budget.
The Lessor hereby appoints the Lessee to act as the Lessor's agent (the Lessee, in such capacity, is herein called the "CONSTRUCTION AGENT"), and the Construction Agent hereby agrees to act as the Lessor's agent, to construct the Facility in a manner consistent with the Construction Contract, the Approved Construction Budget, the Construction Schedule and Construction Agreements and to undertake such other duties and obligations as are set forth herein.
Borrower has completed a written plan and cost review covering such matters as may be required by Lender and confirming that the proposed Financed Improvements can feasibly be constructed within the cost limitations set forth in the Applicable Approved Construction Budget and that the proposed Financed Improvements, when completed in accordance with the Plans, will comply with all applicable zoning and other Applicable Laws.

More Definitions of Approved Construction Budget

Approved Construction Budget means the budget prepared in the manner set forth in Section 2.2(b) in connection with the development and construction of the Facility, which has been approved by Developer and the Tribe.

Approved Construction Budget means the budget for total estimated Construction Costs, dated as of the date hereof and attached hereto as Exhibit B, as the same may be amended from time to time with the approval of the Lender or as otherwise specifically permitted in this Agreement.

Approved Construction Budget means the construction budget attached hereto as Schedule 7.2, as the same may be amended from time to time with the approval of Lender (and the Approved Construction Budget and Schedule 7.2 shall be deemed to be updated to the extent such approval is obtained).

Approved Construction Budget means the budget prepared by the Company, in form and substance satisfactory to the Agent, which budget specifies the estimated Actual Project Costs including: (a) all labor, materials and services necessary for the design, engineering, construction (including any fees which may be due to the Construction Agent), testing and start-up of the Improvements in accordance with the Construction Plans and (b) all interest and Distribution expenses, Facility Fees and Upfront Fees anticipated by the Company incident to the Advances made under the Interim Notes and the Investment made under the Certificates and the expenses to be incurred in connection with the design, engineering, procurement, construction, testing and start-up of the Improvements, as the same may be amended from time to time in accordance with the provisions of the Participation Agreement and the Agency Agreement.

Approved Construction Budget means the Initial Construction Budget as and when approved by the Administrative Agent on the advice of the Construction Consultant on or before the date which is 30 days after the Effective Date, together with any modifications thereto so approved and any further modifications thereto made thereafter that are either Permissible Modifications or are approved in writing by Borrower, Co-Borrower and the Administrative Agent in accordance with the terms of this Agreement.

Approved Construction Budget. The Owner’s designated budget for the Cost of Construction, which is based on an official estimate or client budget, and is inclusive of design contingency, bid contingency, and escalation to the midpoint of construction. Basis of Design: Documentation of the design goals, ideas, and concepts considered by the Owner or Client to be important to each Project, based on information gathered during the early stages of design (programming, conceptual, pre-schematic, schematic). The Basis of Design is developed, prepared and/or confirmed by the Professional from information provided by Owner or Client and the Owner’s and Client’ Project Requirements, objectives and guidelines.

Approved Construction Budget means, as applicable, the Approved Manufacturing Construction Budget and/or the Approved Traville Construction Budget.