Completion Percentage definition

Completion Percentage means the percentage of in-place Construction and furnishing of the Project attained by the Borrower as of a given date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Completion Percentage means, with respect to any Facility at any time, the particular stage of completion of construction or renovation of such Facility at that time, expressed as a percentage of completion, based on calculations therefor determined pursuant to the Loan Agreement.

Completion Percentage means, as of the time of determination, (a) for each Project that is Land Under Development and is not Completed, the quotient, stated as a percentage, of (i) Actual Costs Incurred (less, as applicable, Obligor's actual cost incurred to purchase the Land or the Appraised Value of the Land) divided by (ii) the Budgeted Lot Cost (less, as applicable, Obligor's actual cost incurred to purchase the Land or the Appraised Value of the Land), and (b) for each Project that is a Unit and is not Completed, the quotient, stated as a percentage, of (1) Actual Costs Incurred (less the Lot Acquisition Cost for the subject Unit) divided by (2) the Budgeted Unit Cost (less the Lot Acquisition Cost of the subject Unit).

Examples of Completion Percentage in a sentence

If the Hedge Completion Percentage is 100%, each Confirmation shall be amended by increasing the “Strike Price” of each Transaction from USD 44.1875 to USD 60.00.
By way of example, but not by limitation, if the GMN Completion Percentage for a batch of Transition Product is [****]* percent [****]*, the Preliminary Purchase Price for that batch shall be US$[****]*.
The GMN Completion Percentage shall be used in determining the Preliminary Purchase Price for each batch of the Transition Product as set forth in Section 7.1. Notwithstanding anything in this Agreement to the contrary, GMN shall have no liability to PDL for any non-conformance of the Transition Product to the Specifications, unless such non-conformance is due to the gross negligence or willful misconduct of GMN.
The “Development Fee” as set forth in the Budget under such Line Item shall be advanced as follows: (a) 25% of such fee amount shall be advanced upon the Effective Date from the equity investment of the Borrower; (b) 50% of such fee amount shall be advanced pro rata in relation to the Completion Percentage of the Project, and (c) the remaining 25% of such fee amount shall be advanced upon satisfaction of all requirements under Section 6.23.
Replacing the “Number of Warrants” for each “Component” other than the last “Component” of the Additional Warrant Transaction with a number of “Warrants” (the “Additional Daily Warrant Number”) equal to (i) the product of (a) the Hedge Completion Percentage and (b) the Total Number of Warrants, rounded down to the nearest whole number (the “Additional Total Warrant Number”) divided by (ii) 150, rounded down to the nearest whole number; Confidential treatment has been requested for portions of this exhibit.
The Completion Percentage of the Project shall be determined with reference to the Completion Percentage identified in the applicable Notice of Borrowing and shall be verified by the Construction Consultant, if the Lender so elects.
Each Cost Report shall be in such detail as required by Lender and shall in addition be supported by a statement from the Architect for each Facility as to the Completion Percentage for such Facility at that time.
The Completion Percentage means that percentage which reflects the degree to which the design, construction and assembly of the Coater has been completed and shall be determined by the mutual agreement of the parties.
The words "Completion Percentage" shall mean and refer to the amount of the Improvements completed and installed on the Real Property in accordance with the Development Budget and Development Plan, expressed as a percentage of all Work remaining outstanding that is necessary and contemplated as reasonably determined by the Lender or Lender's Inspector.
The words "Completion Percentage" shall mean and refer to the amount of the Improvements completed and installed on the Real Property in accordance with the Plans and Specifications, expressed as a percentage of all Work remaining outstanding that is necessary to finish the Improvements and obtain a residential use permit from the proper government.

More Definitions of Completion Percentage

Completion Percentage means the percentage (in 5% increments rounded down to the nearest multiple of 5 and expressed as a decimal fraction) of construction completed as of the date of the Construction Status Report, based upon the actual field percentage of work completed for such Residential Unit, as determined by the Agent's inspection of the Residential Unit; provided, however, from and after written request by Agent to Borrower, Borrower shall provide Agent information reasonably satisfactory to Agent to determine the ratio of costs already incurred by Borrower for material and labor incorporated into the applicable Residential Unit to Borrower's total anticipated cost (reasonably estimated in good faith) to construct such Residential Unit, as said total anticipated costs are promptly adjusted from time to time to reflect changes in anticipated costs, and the Completion Percentage shall be based upon the lesser of (a) the actual field percentage of work completed for such Residential Unit, as determined by the Agent's inspection of the Residential Unit; and (b) the ratio of costs already incurred by Borrower for material and labor incorporated into the applicable Residential Unit to Borrower's total anticipated cost (reasonably estimated in good faith) to construct such Residential Unit, as said total anticipated costs are promptly adjusted from time to time to reflect changes in anticipated costs.

Completion Percentage means, with respect to any Customer Contract, (A) the Accumulated Costs, divided by (B) the reasonable best estimate of the sum of (i) "Direct Cost of Sales" plus (ii) allocated "Manufacturing Overhead" for the Customer Contract, in each case as of the date of completion of all work and services required to be performed under the Customer Contract (such sum, the "Total Cost").

Completion Percentage. Completion Percentage" is defined as the percentage of scheduled Aircraft departures completed, excluding cancellations and secondary cancellations attributable to operational factors that are beyond the direct control of Chautauqua (including, without limitation, weather, air traffic control, ground stops, ground handling delays, or aircraft damage caused by US Airways personnel or contractors, other than affiliates of Chautauqua, or acts of God) under this Agreement. Within sixty (60) days after the end of each calendar month during the term of this Agreement, US Airways will compute the metrics defined above and provide to Chautauqua a summary statement showing the operating performance of Chautauqua.

Completion Percentage means that certain percentage of the construction of the Building Shell and the Tenant Improvements which is determined, at the time of each payment of each Progress Payment, to have been completed. Such determination shall be made by Inspector, subject to the review and comment by Owner and Quadrant; notwithstanding such review and comment, however, the determination of Inspector shall control. For purposes of calculating the Completion Percentages, Inspector shall assume that Substantial Completion of the Building Shell or Tenant Improvements, as the case may be, constitutes 100% completion thereof. In determining the Completion Percentages, Inspector shall consider the following information: (i) a physical inspection of the Buildings; and (ii) a comparison of the work completed against the work remaining to be completed based upon an analysis of the Building Plans.