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 means the “Final Project Costs” described in Part C of Appendix ‘B’.
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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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Examples of Final Project Costs in a sentence

  • Acceptance of a draft report by an Eligible Applicant does not bind the Authority to take any action regarding the determination of the Final Project Costs of an Approved Project.

  • An uncertified Final Cost Report supported by a Statutory Declaration of Final Project Costs (Declaration template provided by NSBI).

  • 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.

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

  • 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.

  • 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.

  • Not later than 2 Years following the Commencement Date, Carrier shall make a determination of the Final Project Costs.

  • Final Project Costs (i):The Division recommends that the budget costs of the projects be provided and the report separate the total project costs into component costs including: AFUDC and contingency spend.

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

  • She asked me if there was anything you can know for sure and I said yes but didn’t elaborate because I wasn’t sure.


More Definitions of Final Project Costs

Final Project Costs means the sum of the Final Acquisition Costs and the Final Construction/Conversion Costs.
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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 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 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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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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Related to Final Project Costs

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Total Project Costs means the total amount of money required to complete the Project.

  • 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;

  • 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.

  • 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;

  • 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

  • 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.