Cost Overrun definition
Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.
Cost Overrun means an increase in the Total Development Costs;
Examples of Cost Overrun in a sentence
Prior to the final expenditure from the Parkway North Grant Commitment, the Project Sponsors, in cooperation with the Owner, shall determine if the funds needed to complete the Parkway North Project will exceed the total of the Parkway North Grant Commitment, the County Parkway North Deposit, Owner Parkway North Deposit and the Owner Parkway North Cost Overrun Deposit (as such term is defined below) set forth in Sections 3.2 A and B, below.
More Definitions of Cost Overrun
Cost Overrun has the meaning set forth in Section 4.3(d).
Cost Overrun means the amount by which Construction Costs exceed the Indexed Bid Construction Costs.
Cost Overrun means any Project Cost in excess of the amount budgeted for Base Project Costs as in effect on the date of the Common Agreement (after taking into account any reallocations of Owner’s Contingency among line items in accordance with Section 2.1 and Section 6.8(b) of the Common Agreement.)
Cost Overrun means the difference (if a negative number) between the estimated cost of each stage of the development provided to, and approved by, us and the actual amount required to complete that stage of the development;
Cost Overrun means, with respect to each Authorized Improvement, the Cost or Actual Cost as appropriate of such Authorized Improvement in excess the Budgeted Cost.
Cost Overrun has the meaning set forth in Section 2.5.3.
Cost Overrun. Any Project Cost in excess of the Base Project Cost (excluding the Overrun Contingencies) amount budgeted therefor in the relevant line item of the Project Budget as in effect on the Common Agreement Date (after taking into account any reallocations (other than from Overrun Contingencies) among line items permitted pursuant to Section 6.8(b) of the Common Agreement.)