Construction Amount definition

Construction Amount means any Portion of your Home Loan specified in your Loan Agreement as your Construction Amount or, as the context requires, the amount which is outstanding under your Construction Amount.

Construction Amount means the amount of proceeds of the Authority Loan to be used for payment of Allowable Costs.

Construction Amount means $9,550,674.

Examples of Construction Amount in a sentence

• The Project Scope Statement will define the Base Construction Amount.

• The Professional shall be compensated as an Additional Service when directed by the Department to make major revisions to previously approved Drawings or Specifications in whole, or to a significant extent, to accomplish changes not initiated by the Professional and not required by the terms of the Agreement to bring costs within the Base Construction Amount.

• It is the Professional’s responsibility to promptly notify the Department if, in the Professional’s opinion, the Project cannot be designed and constructed within the Base Construction Amount for the Project as set forth in Article 2.1.115 of these General Conditions.

• The Professional shall be compensated as an Additional Service for abandoning or revising, to a significant extent, in-progress design when directed by the Department and not required by the terms of the Agreement to bring costs within the Base Construction Amount.

• The Professional’s compensation for Basic Services and the Base Construction Amount in paragraph 4 of the Professional Agreement shall not be adjusted due to Scope Changes authorized under this paragraph.

More Definitions of Construction Amount

Construction Amount means the amount funded by the Lender to the Borrower for the payment of the cost of construction of improvement on the property pursuant to this Agreement.

Construction Amount means the amount identified for deposit in the "Project Fund" in Appendix A and totaling $464,958.33, which amount represents the portion of the Authority Loan available to be used to pay Allowable Costs of the Project.

Construction Amount means the amount of £5,721,914 (five million seven hundred and twenty one thousand nine hundred and fourteen pounds);

Construction Amount means the means the amount, in the aggregate, incurred from time to time by the Borrower in connection with the construction of the Project, including, without limitation, amounts payable to suppliers, materialmen, laborers, engineers and the Contractor.

Construction Amount means the total amount payable by Borrower under the General Construction Contract.

Construction Amount means up to One Million Fifty Eight Thousand Four Hundred Thirty-Nine ($1,058,439.00) Dollars.

Construction Amount means, with respect to a Project, the portion of the Project Amount which is available to be disbursed for Qualified Project Expenditures which relate to the Construction Improvements.