Estimated Completion Amount definition

Estimated Completion Amount means the Completion Amount estimated by the Seller pursuant to Clause 4.1;
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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 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.

  • 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.

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

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

  • 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.

  • 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.

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 2.8(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, coinsurance, pharmacy deductible, and precertification charges.

  • 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:

  • Completion Rate means the percentage of an apprenticeship cohort who receives a certificate of apprenticeship completion within 1 year of the projected completion date. An apprenticeship cohort is the group of individual apprentices registered to a specific program during a 1 year time frame, except that a cohort does not include the apprentices whose apprenticeship agreement has been cancelled during the probationary period or who have transferred.

  • 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.

  • 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.

  • Total Project Cost means the lowest of the following:

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;