Initial Project Budget definition

Initial Project Budget has the meaning set forth in Section 6.4(e)(i). “Initiating Member” has the meaning set forth in Section 11.5. “Land” has the meaning set forth in the Background.
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Initial Project Budget means the itemized schedules setting forth on a line item basis all of the estimated Project Costs attached hereto as EXHIBIT I (except that the Initial Project Budget shall not include the Issuance Fees and Expenses).
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Initial Project Budget means, for each Project, the project budget setting forth the Projects Costs incurred or to be incurred for such Project delivered to the Agent by the Borrower prior to the first Utilization related to such Project pursuant to Section 3.01 or 3.02 of the Original Credit Agreement or Section 3.06 hereof, as applicable (in the case of an Initial Project) or Section 3.04 or 3.06 hereof, as applicable (in the case of a Subsequent Project).
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Examples of Initial Project Budget in a sentence

  • The Adjusted Project Budget is the Initial Project Budget multiplied by the fractional value of the current CCCI ENR divided by the reference CCCI ENR.

  • The Initial Project Budget is attached to this 20 Agreement as Exhibit 10.1.

  • It is the intention of the Borrower and the Builder that such discussions result in an FM Resolution package and the Borrower confirms that (a) such FM Resolution package would be subject to Lenders’ approval, and (b) any payments made by the Borrower to the Builder as part of such FM Resolution would be Project Costs which shall be added to the Initial Project Budget for all purposes of the Original Facility Agreement.

  • Any Party may terminate this Agreement after purchase of the CAD system; however, the terminating Party shall not be entitled to receive any refund of their respective Initial Contribution except asto any remaining funding in the Initial Project Budget.

  • Until construction of the Project is completed, at least sixty (60) days before the end of each calendar year (commencing with the 2024 calendar year), the General Partner will prepare and deliver to the Partners for approval a proposed project budget for the immediately following calendar year (each such proposed project budget an “Annual Revised Project Budget” and collectively with the Initial Project Budget, the “Project Budget”).

  • Each proposed Annual Revised Project Budget will be in a format similar to the Initial Project Budget and will be in such detail and accompanied by such supporting material as reasonably determined by the General Partner.

  • The Initial Project Budget shall be revised and updated periodically along with the ongoing planning and development of the Project, and Operator shall prepare a final Project budget based upon actual bids received from the Contractor based on final Plans and Specifications and FF&E Specifications for the Project.

  • Beroni is satisfied, at its sole discretion, with the Initial Project Budget.

  • The Initial Project Budget for each Project is attached hereto as part of Schedule 1.

  • Maricopa Audubon Soc'y v.United States Forest Serv., 108 F.3d 1089, 1094 (9th .


More Definitions of Initial Project Budget

Initial Project Budget means the first version of the Project Budget prepared in accordance with Clause 11 and agreed or determined in accordance with Clause 11 of the Shareholders’ Agreement.
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Initial Project Budget is defined in Section 7.16(a).
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Initial Project Budget means the budget prepared by NSi setting out a detailed estimate of all costs involved in relation to achieving the milestones set out in SCHEDULE 5.
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Initial Project Budget means the itemised monthly budgeted costs and expenses for the period from the date of the Construction Contract up to and including the Scheduled Final Completion Date.
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Initial Project Budget means the annual budget and cash flow forecast for the first Financial Year of the Company, prepared in accordance with the Accounting Policies and to be agreed between the Shareholders prior to completion of the Acquisition.
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Related to Initial Project Budget

  • 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.

  • 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.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

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

  • 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.

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

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

  • Approved Budget means an annual budget-

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

  • 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.

  • 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.

  • 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.

  • 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.

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

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

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

  • Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • 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;

  • Project Implementation Unit or “PIU” means the unit referred to in Section I.A.1 of Schedule 2 to this Agreement.

  • 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.

  • DIP Budget means a projected statement of sources and uses of cash for the Borrower and the Guarantors on a weekly basis for the following 13 calendar weeks. As used herein, “DIP Budget” shall initially refer to the initial 13-week projection delivered in accordance with Section 6.2 and thereafter shall refer to the most recent 13-week projection delivered by the Borrower in accordance with Section 9.1(c).

  • Project Plans mean the plans for the Project that are attached to this Agreement as Exhibit “B.”

  • 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.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;