Approved Development Budget definition

Approved Development Budget means the proforma development budget, including sources and uses of funds, as approved by the County, and attached hereto and incorporated herein as Exhibit B.

Approved Development Budget has the meaning set out in Section 4.2.

Approved Development Budget has the meaning set forth in the Loan Agreement.

Examples of Approved Development Budget in a sentence

• Until such time as Borrower has received a certificate of occupancy from the City for the Development, Borrower shall provide the County with quarterly progress reports regarding the status of the construction of the Development, including a certification that the actual construction costs to date conform to the Approved Development Budget, as it may be amended from time to time pursuant to Section 3.17 below.

• Borrower shall use the HOPWA Loan for predevelopment costs, in amounts consistent with the Approved Development Budget.

• Borrower shall use the HOME Loan for construction costs, in amounts consistent with the Approved Development Budget.

• Borrower shall submit any required amendments to the Approved Development Budget to the County for approval within five (5) days after the date Borrower receives information indicating that actual costs of the Development vary or will vary from the costs shown on the Approved Development Budget.

• Written consent of the County will be required to amend the Approved Development Budget.

More Definitions of Approved Development Budget

Approved Development Budget means the spending plan set forth on Exhibit A, as may be amended by approval of a Board Supermajority; provided that the Approved Development Budget shall not exceed $[***]1.

Approved Development Budget means the development and construction budget for the Expansion Project approved by the Board and consistent with the cost parameters contemplated in Exhibit D, as such cost parameters will be finalized and may be amended from time to time in accordance with Article 6, and any other development and construction budget approved by the Board in respect of any other Approved Development Project.

Approved Development Budget means the development budget approved by Prudential and set forth in Exhibit G hereto, as the same may be amended from time to time in accordance with Section 4.7.

Approved Development Budget. As defined in clause (e) of the definition of Eligible Resort. APPROVED SALES AND MARKETING BUDGET. As defined in clause (f) of the definition of Eligible Resort.

Approved Development Budget. The detailed line by line budget for the construction and development of the Improvements and its subsequent operation showing all direct and indirect costs of such Improvements, which budget shall include all hard and soft costs and a detailed projected disbursement schedule. The preliminary Approved Development Budget which has been approved by Purchaser is attached hereto and made a part hereof as Exhibit E.

Approved Development Budget shall have the meaning described in Exhibit 5.

Approved Development Budget. (i) the budget for each of the three years included in the initial Development Plan delivered by Infinity to Intellikine