Cost ceiling definition

Cost ceiling means the maximum amount the state of Wisconsin will pay as its share of the local road improvement project under this chapter.

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Cost ceiling is defined in Section 10 hereof.

Cost ceiling means the maximum amount the department will pay as its

Examples of Cost ceiling in a sentence

• There is a weekly threshold (set out in the Rates Sheet at the end of this Contract) below which commuting costs will not be reimbursed and reimbursement is capped at a maximum weekly sum equivalent to the relevant living away allowance for relocation Cost ceiling.

• In the event that circumstances beyond the Parties’ control necessitate an increase to the Project Cost ceiling amount of $142,000,000, Manager shall advance such additional sums as may be required subject to the limitations set out in section 3.1.6 herein.

• There is a weekly threshold (set out in the Rates Sheet at the end of this Contract) below which commuting costs will not be reimbursed and reimbursement is capped at a maximum weekly sum equivalent to the relevant Relocation Cost ceiling.

More Definitions of Cost ceiling

Cost ceiling means the maximum amount the department will pay as its share of the local road improvement project under this chapter.

Cost ceiling means the Tenant Improvement Allowance. Within forty-five (45) days after the District’s approval or deemed approval of the Complete Plans and Specifications for the Tenant Improvements, Landlord shall provide the District with a budget (the “Turnkey Budget”) reflecting the cost of the Tenant Improvements (the “Budget Costs”) (along with reasonable supporting documentation), including, if applicable, a calculation of the amount by which the total Budget Costs exceeds the Cost Ceiling (any such excess amount, an “Excess Cost”). If the Turnkey Budget reflects an Excess Cost, the District shall within 10 Business Days after receipt of the Turnkey Budget (the “District’s Response Period”) either (a) deliver a written notice signed by the Director agreeing to pay for the Excess Cost, which payment may be through the application of the Landlord Credit (such notice, an “Excess Cost Approval Notice”), ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ the delivery of which Excess Cost Approval Notice shall require the certification of the availability of appropriated funds in the case of a payment other than through the application of the Landlord Credit (such payment, a “Lump Sum Excess Cost Payment”), or (b) submit to Landlord value engineering of the Tenant Improvements that, if implemented, the District anticipates would result in a Turnkey Budget with no Excess Cost or less Excess Cost (the “District’s Value Engineering”). The District may elect to use a combination of the foregoing options to apply against any Excess Costs, or reduce the Budget Costs to eliminate any potential Excess Costs. A Lump Sum Excess Cost Payment shall be payable as Additional Rent in accordance with Section 16 below. Within 10 Business Days of Landlord’s receipt of the District’s Value Engineering, Landlord shall prepare a revised Turnkey Budget and submit the same, including the revised Budget Costs, to the District. If applicable, Landlord shall direct the Project Architect to promptly revise the Complete Plans and Specifications in accordance with the District’s Value Engineering, which revised Complete Plans and Specifications shall be subject to the District’s approval. The revisions to the Turnkey Budget pursuant to the foregoing shall continue until the earlier of there being (i) a revised Turnkey Budget reflecting no Excess Cost, or (ii) the District agreeing to pay the Excess Cost pursuant to Section 10(a) above, at which time the applicable Turnkey Budget shall be the approved Turnkey Budget, and Landlord sh...