Construction Budget definition

Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

Construction Budget means the cost of acquisition, installation, testing, constructing and developing any Property as determined by the Construction Agent in its reasonable, good faith judgment.

Construction Budget means University's written statement of funds available to pay for the cost of construction.

Examples of Construction Budget in a sentence

• The District may consider the add alternate if the construction bids come in lower than the estimated Construction Budget shown in the Total Project Budget.

• Such Purchaser shall have received copies of the Construction Budget and the Specifications for the Project, each in form and substance satisfactory to the Construction Monitor and such Purchaser.

• Each draft revised construction budget shall be prepared substantially in the form of the Original Construction Budget.

• In the event that the Project Costs set forth in the Construction Budget exceed the amount of proceeds available from the Series 2023 Bonds (a “Cost Overrun”), such Purchaser shall have received satisfactory evidence that the Manager has funded the Construction Account in immediately available funds from the proceeds of a Debt Service Loan and applied such funds to pay any such Cost Overruns of the Project prior to any additional funds being drawn under the Series 2023[●] Bonds.

• The District may consider the deduct alternate if the construction bids come in higher than the estimated Construction Budget shown in the Total Project Budget.

More Definitions of Construction Budget

Construction Budget means the budget available for total Construction Cost, determined or approved in writing by the City; provided that, as at the time of signing this Agreement, the Construction Budget (the “preliminary Construction Budget”) is as set out in Schedule C.

Construction Budget means the fully-budgeted costs for the acquisition and construction of a given piece of real property (including without limitation, the cost of acquiring such piece of real property (except to the extent any portion thereof is Unimproved Land included in the immediately following clause (iv)), reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs), as reasonably determined by the Borrower in good faith and (y) real property under construction to be (but not yet) acquired by the Borrower or a Subsidiary upon completion of construction pursuant to a contract in which the seller of such real property is required to complete construction prior to, and as a condition precedent to, such acquisition, shall be subject to this subsection;

Construction Budget is defined in Section 2.4 of the Construction Agency Agreement.

Construction Budget means the budget amount established by the District, representing the maximum authorized cost for construction of the Project. The Construction Budget does not include fees for professional architectural and engineering services, District inspection, or testing and inspection services.

Construction Budget means that portion of the 'Project Budget' applicable to a Construction Contract;

Construction Budget means that amount which is announced after the deadline for the receipt of bids, but prior to the opening of bids.

Construction Budget means, in the aggregate, the fully budgeted total cost to develop the property under construction, including the acquisition cost of land as reasonably determined by Borrower in good faith.