Cost to Complete definition

Cost to Complete means the sum of all qualifying costs necessary to complete a construction project and documented in an approved construction budget. Qualifying costs generally include on- or off-site improvements; building construction; other reasonable and customary costs paid to construct or improve a project, including a general contractor’s fees; other expenses normally included in a construction contract such as bonding and contractor insurance; the value of the land, determined as the sum of the cost of any improvements to the land and the lesser of appraised market value or purchase price; interest as provided by this subparagraph; project costs as provided by this subparagraph; a contingency account to fund unanticipated overruns; and other development costs such as fees and related pre-development expenses. Interest expense is a qualifying cost only to the extent it is included in the construction budget and is calculated based on the projected changes in the loan balance up to the expected “as-complete” date for owner-occupied non-income-producing commercial real property or the “as stabilized” date for income-producing real estate. Project costs for related parties, such as developer fees, leasing expenses, brokerage commissions and management fees, are included in qualifying costs only if reasonable in comparison to the cost of similar services from a third party. Qualifying costs exclude interest or preferred returns payable to equity partners or subordinated debt holders, the developer’s general corporate overhead, and selling costs to be funded out of sales proceeds such as brokerage commissions and other closing costs.

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Cost to Complete means at any time the amount required to complete the development in accordance with the building contract, the plans and specifications and the development consents as estimated by our consultant;

Cost to Complete means, as at any date, the sum at such date of (i) Project Costs remaining to be paid by the Obligors to construct and develop the Mine in accordance with the Project Financial Plan and for the Obligors to achieve positive cash flow; plus (ii) all interest and principal repayments under Indebtedness of the Obligors (on a consolidated basis) due on or prior to completion of such construction and development and achievement.

Examples of Cost to Complete in a sentence

Any such credit reduction notice with respect to the Total Commitment Amount shall specify the Tranche(s) to which the reduction applies and shall be accompanied by a Cost to Complete Certificate referencing, amongst other things, the amount of Available Credit after giving effect to the aforementioned reduction.
Any such Prepayment Notice with respect to any voluntary prepayment of the Credit Facility prior to the Completion Date shall be accompanied by a Cost to Complete Certificate referencing, amongst other things, the amount of Available Credit after giving effect to such voluntary prepayment.
A Cost to Complete Certificate delivered by the Borrower pursuant to Section 10.1(a)(ix) shall satisfy the relevant condition precedent related to the delivery of a Cost to Complete Certificate under Article 11 with respect to any extension of credit under the Credit Facility provided such Cost to Complete Certificate is given at a date no earlier than ten Banking Days prior to the date of the requested extension of credit.
All information and disclosure in the most recent Cost to Complete Certificate delivered to the Administrative Agent and the Technical Agent by the Borrower was true and correct in all material respects when delivered.

More Definitions of Cost to Complete

Cost to Complete means at any time, all then-unpaid Construction Costs expected to be incurred through the Final Completion Date, assuming that construction of the Project is completed in accordance with the Approved Plans and Specifications, which amount shall be determined by the Administrative Agent after consultation with the Construction Consultant.

Cost to Complete means, as at any relevant date of calculation, the amount of the remaining Project Costs with respect to the Project to be incurred or incurred but not yet paid for the Project to reach Final Completion in accordance with the then applicable Construction Budget and Schedule for the Project, which shall include (i) a reasonable contingency amount,

Cost to Complete means, with respect to a Motion Picture as of any date of determination, the anticipated amount of costs and expenses of such Motion Picture required in order to deliver (a) such Motion Picture as a Completed Film, including all bond and financing fees, charges and expenses applicable directly to such Motion Picture, and (b) each item on the Delivery Schedule with respect to such Motion Picture as specified in the applicable Completion Bond, as of such date.

Cost to Complete means the sum of all qualifying costs necessary to complete a construction project and documented in an approved construction budget.

Cost to Complete means that the Scheme Manager only invests against the actual construction costs and retains sufficient funds such that it is able to complete the project;

Cost to Complete means, as applicable, the total of all hard costs and soft costs as reasonably determined by Lender to complete an Eligible Lot or a Unit as provided in the Unit Budgets and Eligible Lot Budgets provided to Lender.

Cost to Complete means the cost to complete the Entrustment Activities,