Forecast Eligible Costs definition
Forecast Eligible Costs means the estimate of costs, consistent with the Eligible Cost Rules, budgeted by the Recipient (the “Budget”) and approved by FII in Interim or Annual Reports.
Forecast Eligible Costs means the total amount of Eligible Costs forecast by the Concessionaire in the Financial Model as at the Effective Date, being .
Examples of Forecast Eligible Costs in a sentence
Notwithstanding the above formula, FII in its sole discretion may pay a larger amount of Administration Allowance for Forecasting if FII is satisfied that a discrepancy between Eligible Costs and Forecast Eligible Costs is attributable to an Act of God or other factor that FII determines was beyond the Recipient’s control.
Notwithstanding the above formula, FII in its sole discretion may pay a larger amount of Administration Allowance for Forecasting if FII is satisfied that a discrepancy between Eligible Costs and Forecast Eligible Costs is attributable to changes in foreign currency exchange rates that were not foreseeable at the time when Interim 2 Reports were submitted.