Estimated Completion Amount definition

Estimated Completion Amount means, at any particular time, the amount of Project Costs which, at such time in the reasonable opinion of the Independent Technical Consultant and in coordination with the Administrative Agent and the Technical Agent, remain to be paid or incurred in order to achieve Completion.
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Estimated Completion Amount means the Completion Amount estimated by the Seller pursuant to Clause 4.1;
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Estimated Completion Amount has the meaning set forth in Section 5.10.
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Examples of Estimated Completion Amount in a sentence

  • The Borrower shall ensure that at all times Project Sources are greater than the Estimated Completion Amount and will fund all Project Costs from the proceeds of Equity of the Sponsor before any further Loan is requested if and to the extent that at any time and from time to time the Project Sources are less than the Estimated Completion Amount.

  • The "Lease-Up Allowance" on the Approved Budget shall be included within the Estimated Completion Amount pursuant to Section 5.10.

  • If any portion of the Estimated Completion Amount remains in such account on September 30, 2003, such amount shall be distributed to the Agent, who shall distribute it to the Lessor and the Lenders, pro rata, for application to reduce their respective Funded Amounts.

  • Until -------------------------------------------- the Release Date, the Estimated Completion Amount, less any estimate for interest, shall bear interest at the Base Rate.

  • To the extent that all or any portion of the Estimated Completion Amount is included in the Project Amount (as defined in the Facility Lease) and rent is paid thereon pursuant to the terms of the Facility Lease, then no interest on such portion or all of the Estimated Completion Amount shall be due or payable pursuant to the terms of this Agreement.

  • The Construction Agent shall deposit the Estimated Completion Amount in a segregated account at SunTrust Bank or other bank reasonably acceptable to the Lessor, the Agent and the Construction Agent, and shall only withdraw such funds to pay Construction Costs that have not previously been paid, or to reimburse itself for Construction Costs paid by it for which it has not previously been reimbursed.

  • Additionally, Owner shall provide a credit to Developer equal to the amount of interest on the balance of the undisbursed Estimated Completion Amount that Developer would have earned had the same funds been on deposit in an interest bearing, demand deposit account at First Commercial Bank, Birmingham, Alabama.

  • So long as no Event of Default has occurred, Owner shall permit withdrawals by Developer of the Estimated Completion Amount for purposes of paying Project Costs; provided that each such withdrawal shall be subject to compliance by Developer with all the terms, conditions and procedures for Disbursements set forth in this Agreement; provided, further that the minimum disbursement set forth in Section 5.2 shall not apply.

Related to Estimated Completion Amount

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

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • 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.

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Cost Share means the member’s financial obligation for a covered Service. Depending on the plan type, Cost Share may include one or more of the following: deductible, Copay, Access Fee, and Coinsurance.

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

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Estimated Costs means costs estimated by the Authority as likely to be:

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • Current closure cost estimate means the most recent of the estimates pre- pared in accordance with § 265.142 (a), (b), and (c).

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Annual Specified Amount means $400,000 escalated on each Anniversary Date by the percentage by which the CPI last published prior to such Anniversary Date has increased over the CPI last published prior to the grant of the Burswood Casino Licence.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

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

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Earnout Amount has the meaning provided in Section 2.9(b).

  • Total Project Cost means all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.