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.

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.

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.

Examples of Approved Construction Budget in a sentence

• Lessee shall, within fourteen (14) days following receipt of District’s written disapproval, provide District with clarification of the budget elements or with a modified Proposed or Approved Construction Budget, as applicable, that is reasonably satisfactory to District, and District shall have an additional fourteen (14) days within which to approve or disapprove the modified Proposed or Approved Construction Budget.

• Pursuant to Section 53, below, the District shall have the right to approve any Equity Contributions proposed to be made by Lessee, which approval may be provided through the Approved Construction Budget or the Annual Operating Budget, as the case may be.

• If any portion of the modified Approved Construction Budget is disapproved by District, District shall provide Lessee with the specific reasons for such disapproval.

• Within thirty (30) days after making such payment, Lessee shall notify District of any such excess payments paid by Lessee if they exceed the amount of Equity Contributions identified in the Approved Construction Budget for such Construction Phase, and such notice shall explain in detail why the actual amount of the Equity Contributions exceeded the budgeted amounts.

• If any portion of the Proposed or Approved Construction Budget is disapproved, District shall provide Lessee with the specific reasons for such disapproval.

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 Agent or as otherwise specifically permitted in this Agreement.

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 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 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 any written budget prepared by Xxxxxx for any Construction Phase and approved by District pursuant to the procedure set forth in the Work Letter (defined below).

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. The Basis of Design documentation shall include, but is not limited to, the concepts, calculations, decisions, assumptions, parameters, systems preferences, product selections and the intended means by which applicable programmatic, regulatory and sustainability requirements, standards, guidelines and objectives shall be met. It shall include a narrative description and delineation of