Final Development Budget definition

Final Development Budget means the Development Budget for the Project approved by the Construction Lender and used in connection with the funding of the Construction Loan.
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Final Development Budget means the Development Budget Approved by the RAPGC concurrent with the execution and delivery of the Construction Contract and following the completion of the Plans and Specifications for the Project and the Approval by the RAPGC thereof.
Sample 1Sample 2
Final Development Budget has the meaning set forth in Section 4.6(b).
Sample 1

Examples of Final Development Budget in a sentence

  • Other than the Development Fee, Developer shall be entitled to no compensation under this Agreement, nor will Developer be entitled to any reimbursement of expenses except as expressly set forth in this Agreement or the Final Development Budget.

  • Developer shall use commercially reasonable efforts to cause the General Contractor to comply with the Final Development Plan, Final Development Budget and Final Project Schedule.

  • All expenditures shall be charged to the proper account as specified in the Final Development Budget and no expenditure may be classified or reclassified for the purpose of avoiding an excess of the budgeted amount of an accounting category without the written consent of Owner (which consent shall not be unreasonably withheld).

  • Developer will not subcontract any of its services to any other entity or person without first obtaining Owner’s prior written consent; provided, however, that Developer may retain such Consultants (as hereinafter defined) as are contemplated in this Agreement without Owner’s consent so long as the fees or other charges of such Consultants are set forth in the Final Development Budget.

  • To the extent set forth in the Final Development Budget, Developer shall engage at all times a sufficient number of capable employees, consultants or independent contractors to enable Developer to perform its duties hereunder.

  • Subject to the other provisions of this Agreement, Developer, on behalf of Owner, shall manage and coordinate the development of the Project in accordance with the Final Development Plan, Final Development Budget and Final Project Schedule (as each such term is defined below) in a good and workmanlike manner and in accordance with the standards of professional care applicable to such services.

  • Developer shall not be entitled to payment for or reimbursement of any costs or expenses incurred in the performance of the services under Article 1 or otherwise in connection with the Project, except as expressly set forth in this Agreement and the Final Development Budget.

  • Owner hereby appoints Developer as its independent contractor to perform the Project, and delegates to Developer the right and obligation to supervise, manage and carry out the Project, on behalf and for the account of Owner, upon the terms and conditions set forth in this Agreement and in accordance with the Final Development Plan, Final Development Budget and Final Project Schedule (as each such term is defined below) and all items related thereto.

  • Nothing in this Section 2.4 shall be construed to limit the right of Developer (or any affiliate or shareholder of Developer) to be reimbursed for costs and expenses incurred by Developer (or its affiliates or shareholders) prior to the date of this Agreement that are set forth in the Final Development Budget approved by Owner.

  • Architect may engage an outside architectural firm to produce construction drawings for the Project, so long as the costs, fees and other expenses of such additional architectural firm are set forth in the Final Development Budget.


More Definitions of Final Development Budget

Final Development Budget means the updated and revised estimated sources and uses of funds, cash flow, and Development Budget, submitted by Developer to City prior to Closing.
Sample 1
Final Development Budget means a detailed enumeration of all projected costs of construction of the Development, including all costs and off-site improvements required to be constructed under this Agreement.
Sample 1

Related to Final Development Budget

  • Development Budget has the meaning set forth in Section 3.1.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Research Budget has the meaning set forth in Section 2.2.

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Project area budget means a multiyear projection of annual or cumulative

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Development Plan has the meaning set forth in Section 3.2.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Development Plans means a coherent set of operations defined and financed exclusively by the OCTs in the framework of their own policies and strategies of development, and those agreed upon between an OCT and the Member State to which it is linked;

  • Development Project means a project for the development of land within a project area.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Global Development Plan has the meaning set forth in Section 3.1.

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Capital Budget has the meaning given in Section 3.11(a).

  • Commercialization Costs means the out-of-pocket costs and expenses incurred by Adapt or its Affiliates directly attributable to, or reasonably allocable to, the Commercialization of a Product. Commercialization Costs for a Product shall include, preparation of promotional, advertising, communication, medical, and educational materials relating to the Product and other Product literature and selling materials, activities directed to marketing of the Product, including purchase of market data, development and conduct of market research, advertising, public relations, public affairs and other communications with Third Parties regarding the Product; development and conduct of sales force training (including materials, programs and travel to and attendance at training programs) for medical representatives responsible for promoting the Product; and development and maintenance of sales bulletins, call reporting and other monitoring/tracking, sales force targeting, validation and alignment programs and documentation.

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Approved Budget means an annual budget-

  • Clinical Development means the conduct of clinical trials in humans to assess the dosing, safety and/or efficacy of the Product, including but not limited to Phase I Clinical Trials, Phase II Clinical Trials, Phase Ill Clinical Trials and Phase IV Clinical Trials.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.