Final Project Costs definition

Final Project Costs means the actual incurred or accrued (in the case of interest during construction) costs to construct the Project, including all of the costs outlined in the Construction Budget, which have actually been incurred, and excluding the GE Inclusion Amount. “GE Inclusion Amount” is equal to the yen amount (if any) that the lenders under the Tsugaru Credit Agreement agree to include as Project Costs in the final, executed version of the Tsugaru Credit Agreement, which is expected to be Japanese Yen 1,276,000,000. “Project Costs” means (i) the final amount of the Project Costs as defined in the Tsugaru Credit Agreement, less (ii) the GE Inclusion Amount, if any; provided that if there are any material changes to the definitions of “Project Costs” or “Construction Budget” (including material changes to any of the defined terms used therein) set forth in the Tsugaru Credit Agreement, then the parties will cooperate in good faith to make any appropriate changes to the definitions of “Project Costs” or “Construction Budget,” as applicable, as such term is used herein. “Tsugaru Credit Agreement” means that certain draft credit agreement dated January 10, 2018, to be entered into by and among the Project Company as Borrower, the Bank of Tokyo-Mitsubishi UFJ, Ltd. as Administrative Agent and the other parties thereto. Financial Model Adjustment “Financial Model Adjustment” means an increase or decrease, as the case may be, in the Deferred Purchase Price payable at the Final Completion Date necessary to maintain under the updated Financial Model contemplated by paragraphs (1) and (2) below the 20 year after tax IRR of the Purchaser (which shall be denominated in Japanese Yen) (the “Purchaser’s Return”) on a basis consistent with the calculations in the Financial Model. The Financial Model Adjustment shall be determined as follows:
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Final Project Costs has the meaning given in paragraph C.1 of Appendix B. “Financial Assurances” has the meaning given in the Rules and Regulations.
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Final Project Costs means the sum of the Final Acquisition Costs and the Final Construction/Conversion Costs.
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Examples of Final Project Costs in a sentence

  • Upon such determination, if there is a difference between the Re-estimated Project Costs and the Final Project Costs, Carrier will deliver a Notice (the “Capital Variance Notice”) to Shipper.

  • The Capital Variance Notice will set out the Final Project Costs, the resulting Capital Variance and the required adjustment to the Fixed Toll.

  • If Tenant fails to so dispute Landlord’s Final Project Costs Statement within such 60-day period, Tenant shall be deemed to have accepted the Total Project Costs, Includable Project Cost Overages, and Remaining Contingency.

  • If Tenant disputes Landlord’s determination of the Total Project Costs, the Includable Project Costs Overages, or the Remaining Contingency, Tenant shall deliver written notice of such dispute to Landlord within 60 days following Tenant’s receipt of the Final Project Costs Statement.

  • If following any such review and audit, Tenant's accountants and advisors deliver a written report indicating that the Total Project Costs, Includable Project Cost Overages, or Remaining Contingency included in the Final Project Costs Statement is incorrect, Tenant shall deliver such report to Landlord, and Tenant and Landlord shall thereafter endeavor in good faith to reach agreement upon the actual Total Project Costs, Includable Project Cost Overages, and Remaining Contingency within 30 days thereafter.

  • If Tenant so disputes Landlord’s Final Project Costs Statement within such 60-day period, Tenant and its accountants and advisors shall have the right to review (at Landlord’s offices in Dallas County, Texas) all financial books and records of Landlord and the General Contractor relating to the construction of the Base Building Improvements.

  • A current audited financial statement will be provided prior to the execution of a funding agreement.• Final Project Costs, Schedule, and Scope: The Program team is actively reviewing and refining the Program budget, schedule, and scope on an on-going basis as planning and design continue.

  • The transformations used in the augmentation process can be di- vided into three main categories [30], based on what aspect of the image that is altered.

  • Until Landlord delivers the Final Project Costs Statement (defined below), Tenant shall pay monthly estimated Base Rent in the amount of the Estimated Base Rent, and following the determination of the actual Base Rent, any underpayments or overpayments of Base Rent by Tenant shall be reconciled as set forth in this paragraph.

  • The PIER documents the history of a project and provides recommendations for other projects of similar size and scope.PIER Final Project Cost Final Project Costs as reported in the PIER.


More Definitions of Final Project Costs

Final Project Costs means the “Final Project Costs” described in Part C of Appendix ‘B’.
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Final Project Costs means the sum of the actual AFUDC, development, construction and acquisition costs of the Keystone Hardisty Terminal, having a scope as described in Appendix ‘D’, expressed in Canadian dollars.
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Final Project Costs means the actual development, construction and acquisition costs of the Keystone Initial Facilities and the Expansion Facilities, expressed in Canadian dollars.
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Final Project Costs means the sum of the actual development, construction and acquisition costs of the KXL Expansion Facilities, expressed in Canadian dollars.
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Final Project Costs means the Outstanding Balance computed as of the Completion Date after giving effect to any Payments made hereunder in connection with the Completion of the Facility (less amounts funded for punch list items that are not expended for such purpose and applied to repayment of the Lease Indebtedness and Owner Trust Contributions).
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Related to Final Project Costs

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Total Project Costs means (a) the costs paid or incurred or to be paid or incurred by a Borrower Related Party in connection with or incidental to the acquisition, design, construction and equipping of the Project, including legal, administrative, engineering, planning, design, insurance, and costs of issuance; (b) amounts, if any, required by the Indenture Documents or the TIFIA Loan Documents to be paid into any fund or account upon the incurrence of the TIFIA Loan or any Secured Obligations; (c) payments when due (whether at the maturity of principal, the due date of interest, or upon optional or mandatory prepayment) during the Construction Period in respect of any indebtedness of the Borrower or any Credit Enhancement maintained by a Borrower Related Party, in each case in connection with the Project (other than the TIFIA Loan); and (d) costs of equipment and supplies and initial working capital and reserves required by the Borrower Related Parties for the commencement of operation of the Project, including general administrative expenses and overhead of the Borrower.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Qualified Project Costs means costs paid with respect to the Project that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be a so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general federal income tax principles and in accordance with Section 1.103-8(a)(1) of the Regulations, provided, however, that only such portion of the interest accrued during rehabilitation or construction of the Project (in the case of rehabilitation, with respect to vacated units only) shall be eligible to be a Qualified Project Cost as bears the same ratio to all such interest as the Qualified Project Costs bear to all costs of the acquisition and construction or rehabilitation of the Project; and provided further that interest accruing after the Completion Date (as defined in the Regulatory Agreement) shall not be a Qualified Project Cost; and provided still further that if any portion of the Project is being constructed or rehabilitated by an Affiliate (whether as general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out of pocket costs incurred by such affiliate in constructing or rehabilitating the Project (or any portion thereof) and (B) any overhead expenses incurred by such affiliate which are directly attributable to the work performed on the Project, and shall not include, for example, intercompany profits resulting from members of an “affiliated group” (within the meaning of Section 1504 of the Code) participating in the rehabilitation or construction of the Project or payments received by such affiliate due to early completion of the Project (or any portion thereof); (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to May 20, 2021, being the date on which the Governmental Lender first declared its “official intent” to reimburse costs paid with respect to the Project (within the meaning of Section 1.150-2 of the Regulations) or the date of issue of the Funding Loan, and (iv) if the costs of the acquisition and construction or rehabilitation of the Project were previously paid and are to be reimbursed with proceeds of the Funding Loan such costs were (A) “preliminary expenditures” (within the meaning of Section 1.150-2(f)(2) of the Regulations) with respect to the Project (such as architectural, engineering and soil testing services) incurred before commencement of acquisition and construction or rehabilitation of the Project that do not exceed 20% of the issue price of the Funding Loan (as defined in Section 1.148-1 of the Regulations), or (B) were capital expenditures with respect to the Project that are reimbursed no later than 18 months after the later of the date the expenditure was paid or the date the Project is placed in service (but no later than three years after the expenditures is paid); provided, however, that (w) Costs of Funding shall not be deemed to be Qualified Project Costs;(x) fees, charges or profits (including, without limitation, any Developer Fee) payable to the Borrower or a “related person” (within the meaning of Section 144(a)(3) of the Code) shall not be deemed to be Qualified Project Costs; (y) letter of credit fees and municipal bond insurance premiums which represent a transfer of credit risk shall be allocated between Qualified Project Costs and other costs and expenses to be paid from the proceeds of the Funding Loan; and (z) letter of credit fees and municipal bond insurance premiums which do not represent a transfer of credit risk (including, without limitation, letter of credit fees payable to a “related person” to the Borrower) shall not constitute Qualified Project Costs.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Direct Costs means the sum of the following:

  • 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.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • 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.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • 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.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • 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.

  • 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:

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

  • 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.

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • 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.

  • Costs of the Project means Recipient’s actual costs (including any financing costs properly allocable to the Project) that are (a) reasonable, necessary and directly related to the Project, (b) permitted by generally accepted accounting principles to be Costs of the Project, and (c) are eligible or permitted uses of the Financing Proceeds under applicable state or federal statute and rule.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • 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.

  • 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.