Construction Threshold definition

Construction Threshold means, during the initial Lease Year, Two Hundred Fifty Thousand Dollars ($250,000) and, for each subsequent Lease Year, shall mean the product of (x) the Construction Threshold for the immediately preceding Lease Year multiplied by (y) the quotient of (i) the CPI for the month preceding by two months the first month of the then- current Lease Year divided by (ii) the CPI for the month preceding by two months the first month of the immediately preceding Lease Year.
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Examples of Construction Threshold in a sentence

  • At Tenant’s sole cost and expense, Tenant may perform any Construction not otherwise required under this Lease as Tenant shall consider necessary or appropriate, (x) with Notice to Landlord but without Landlord’s consent if the cost of such Construction is equal to or less than the Construction Threshold, and (y) otherwise with Landlord’s prior written consent, which consent Landlord shall not unreasonably withhold.

  • Construction of the Unit shall have commenced at least to the Unit Construction Threshold.

  • Exceedance of the Construction Threshold Level above this are assigned significance levels depending on the magnitude above the Threshold Level, as detailed in Table 8.4 of the December 2018 ES.

  • The lowest daytime Construction Threshold Level is 65dB LAeq,T, where T is typically 10 hours per day during the weekday period and 5 hours on a Saturday.

  • Borrower may reclassify an A&D Lot or Finished Lot as a Unit subject to the provisions of this Agreement relating to Units; provided, however, that before any A&D Lot or Finished Lot is included in Eligible Assets as a Unit, the conditions precedent set forth in Section 4.4 must have been satisfied with respect to such A&D Lot or Finished Lot, including, without limitation, the provisions of Section 4.4(f) imposing the requirement that the Unit Construction Threshold must be met.

  • A construction level of 67.5dB LAeq,T is therefore regarded as insignificant or ‘negligible’, whereas a construction level of 78dB LAeq,T when assessed against a Construction Threshold Level of 65dB LAeq,T is regarded to be of major adverse significance.

  • Applicants applying under Option 1 may also earn up to 30 points by certifying that they will implement/comply with (if funded) the amended optional Enterprise Green Communities Criteria, in accordance with the section, “Option 1, Substantial Rehabilitation or New Construction, Threshold Requirements” and as enumerated in the amended Enterprise Green Communities Criteria Checklist above.

  • Borrower may reclassify an A&D Lot or Finished Lot as a Unit subject to the provisions of this Agreement relating to Units; provided, however, that before any A&D Lot or Finished Lot is included in Eligible Collateral as a Unit, the conditions precedent set forth in Section 4.4 must have been satisfied with respect to such A&D Lot or Finished Lot, including, without limitation, the provisions of Section 4.4(l) imposing the requirement that the Unit Construction Threshold must be met.

  • All plans and specifications for Alterations exceeding the Construction Threshold Amount in hard construction costs (such Alterations, “Substantial Projects”) shall be submitted by the Foundation to the Director for review and approval prior to the commencement of any work thereon.

  • In the absence of guidance on the level of significance based on the magnitude of exceedance of the Construction Threshold Level, an exceedance of <3dB is regarded as insignificant on the basis that an increase in a noise source of less than 3dB in an environmental setting is unlikely to be discernible.

Related to Construction Threshold

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Construction Completion Date means date of the completion of the Construction Period, which shall be at the expiry of a period of 24 (Twenty Four) months from the Compliance Date or such other date (with the consent of the Authority) by which the overall development of the Project is completed in accordance with the provisions of this Concession Agreement and when the Construction Completion Certificate is issued by Authority as per Article 14.1.

  • 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.

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small pur- chase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisi- tion threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsi- ble for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its docu- mented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Major renovation means the renovation of a building where:

  • Construction management at-risk means a project delivery method in which the District awards separate contracts, one for architectural and engineering services to design an infrastructure facility and the second to a construction manager at-risk for both construction of the infrastructure facility according to the design and construction management services.

  • Final Completion Date means the date on which Final Completion occurs.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Construction Work means any work in connection with⎯

  • Subproject means a Subproject under the Project that meets the Subproject eligibility criteria set forth in paragraph 2 of Schedule 5 to this Loan Agreement;

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Substantial Completion Date means the required date for Substantial Completion of the Project. The Substantial Completion Date can be adjusted only by written Change Order.

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

  • Construction Change Directive means a written order prepared by Owner Parties and signed by Owner directing Contractor to perform a change in the Work prior to agreeing to a change, if any, to the Contract Time, schedule of performance of the Work, Contract Sum, or Contractor’s compensation.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Indemnification Threshold has the meaning set forth in Section 11.5.