Initial Construction Budget definition

Initial Construction Budget means, with respect to each Farm Project, the initial Construction Budget delivered to the Lender in respect of such Farm Project, in each case in form and substance satisfactory to the Lender in its reasonable discretion.
Initial Construction Budget means, for each Initial Construction Contract, the detailed line item budget in a form and in such detail as Lender approves attached hereto as Schedule 1.1(E) setting forth the schedule of values for such Initial Construction Contract all costs to be incurred in connection with the Completion of Initial Construction Work included in such contract, which budget has been approved by Lender.
Initial Construction Budget means the construction budget attached to the CTA as the Appendix 16 Initial Construction Budget) to the CTA.

Examples of Initial Construction Budget in a sentence

  • If the Landlord’s Initial Construction Budget, including all markups for overhead, profit and general conditions, is not the lowest estimate, Landlord shall be provided with sufficient backup to determine whether the Tenant’s bid includes all items contained in Landlord’s Initial Construction Budget and Landlord shall have an opportunity to adjust its bid.

  • If, after review and any revisions to the bids, the Landlord’s Initial Construction Budget is still higher than other bid submitted, then Landlord shall either cede the construction to the Tenant’s general contractor or agree to perform the work at the lowest bid.

  • The only exclusion from the the Initial Construction Budget shall be the actual fees charged by the Township of Cranbury for construction permits and certificates of occupancy, which will not be determined by the municipality until after the Landlord applies for the construction permits and certificates of occupany and shall be paid by Tenant as set forth hereafter.

  • The Initial Construction Budget shall also include Landlord's standard xxxx-up of * * * of the Hard Construction Costs for general conditions, * * * of the Hard Construction Costs for overhead, and * * * of the Hard Construction Costs for profit.

  • The Initial Construction Budget shall set forth the lump sum amount payable by Tenant to Landlord for the construction of the Tenant Improvements (“Hard Construction Cost”).


More Definitions of Initial Construction Budget

Initial Construction Budget has the meaning set forth in Section 6.4.
Initial Construction Budget means the construction budget attached hereto as Schedule 1, together with any modifications thereto made after the Effective Date and prior to the existence of the Approved Construction Budget that are either Permissible Modifications or approved in writing by Borrower, Co-Borrower and the Administrative Agent pursuant to the terms of this Agreement.
Initial Construction Budget means, with respect to each Farm Project, the initial Construction Budget delivered to the Lender in respect of such Farm Project, in each case in form and substance satisfactory to the Lender in its reasonable discretion. “Interest Period” means, with respect to any Term Loan, the period commencing on the last Business Day of a calendar quarter and ending on the last day of the immediately succeeding calendar quarter; provided that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar quarter, in which case such Interest Period shall end on the next preceding Business Day, and (ii) no Interest Period shall extend beyond the Maturity Date. Notwithstanding the foregoing or anything herein to the contrary, however, (A) the initial Interest Period with respect to any Term Loan (other than a Term Loan made on the last Business Day of a calendar quarter) shall be the period commencing on the date on which such Term Loan is made and ending on the last Business Day of the calendar quarter in which such Term Loan is made. “Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests or debt or other securities of another Person, (b) a loan, advance or capital contribution to, guaranty or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor incurs Indebtedness of the type referred to in clause (k) of the definition of “Indebtedness” in respect of such other Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or assets constituting a business unit, line of business or division of such Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment but giving effect to any returns or
Initial Construction Budget means, with respect to each Farm Project, the initial Construction Budget delivered to the Lender in respect of such Farm Project, in each case in form and substance satisfactory to the Lender in its reasonable discretion. “Interest Reserve Account” means a deposit account established by the Company with a financial institution acceptable to the Lender and containing such minimum funds as required under Section 5.17. “Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests or debt or other securities of another Person, (b) a loan, advance or capital contribution to, guaranty or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor incurs Indebtedness of the type referred to in clause (k) of the definition of “Indebtedness” in respect of such other Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or assets constituting a business unit, line of business or division of such Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment but giving effect to any returns or distributions of capital or repayment of principal actually received in cash by such Person with respect thereto. “IRA Shortfall” has the meaning specified in Section 5.17(b).
Initial Construction Budget means the Construction Budget most recently prepared and delivered to the Collateral Trustee on behalf of the Secured Parties on or prior to the date hereof and set forth as Appendix K.
Initial Construction Budget is defined in Section 6.1(k) of the Participation Agreement.
Initial Construction Budget means the Borrower’s construction plan, dated November 2005, as based upon the Development Plan and outlining the Borrower’s quantitative monthly projections (costs and timing associated with specific activities or equipment) and supporting qualitative information, for the construction of the Project through Completion.