Percentage of Completion definition

Percentage of Completion means a fraction of which the numerator is the total project construction costs incurred for a Licensed Vacation Ownership Property under construction at the end of a reporting period and the denominator is the total expected project construction costs for such Licensed Vacation Ownership Property.
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Percentage of Completion means the percentage applicable to the Stage at which a particular Unit has been developed at the time of determination (which determination shall be made by Lender in its sole discretion). Lender and Borrower hereby agree that the Percentage of Completion applicable to each Stage of construction of a Unit shall be as provided in Exhibit A attached hereto and made a part hereof.
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Percentage of Completion has the meaning as set forth in Section 6.4.
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Examples of Percentage of Completion in a sentence

  • Includes resort, general and administrative, and other miscellaneous expensesNote: Deferred revenue is calculated based on the Percentage of Completion (“POC”) of the project.

  • Includes resort, general and administrative, and other miscellaneous expenses Note: Deferred revenue is calculated based on the Percentage of Completion (“POC”) of the project.

  • Includes resort, general and administrative, and other miscellaneous expensesNote: Deferred revenue is calculated based on the Percentage of Completion ("POC") of the project.

  • Includes resort, general and administrative, and other miscellaneous expenses Note: Deferred revenue is calculated based on the Percentage of Completion ("POC") of the project.

  • If at any time the outstanding principal balance under any Loan (exclusive of the Initial Advance) exceeds the Percentage of Completion Value of the Lot and Home financed under that Loan, Borrower will immediately prepay the amount of such excess.

  • Percentage of Completion deliveries in the three-month and twelve-month periods ended October 31, 2008 and 2007 are provided below: Deliveries for the three-month period ended October 31, Deliveries for the twelve-month period ended October 31, Unconsolidated entities: The Company has investments and advances to several entities that are accounted for using the equity method of accounting.

  • Note: Deferred revenue is calculated based on the Percentage of Completion (“POC”) of the project.

  • Borrower will not permit the ratio of the aggregate principal amount of all Advances at any time outstanding (exclusive of the Initial Advances) to the aggregate Percentage of Completion Values, at such time, of all Lots and Homes financed under the Credit Line to be greater than 1.00 to 1.00.

  • The "Borrowing Base" shall, at any given time, be equal to the aggregate Percentage of Completion Value set forth on the Construction Facility Status Report for all Lots and Homes financed under the Construction Facility at the time of calculation and which have not become Excluded Units, less the applicable Percentage of Completion Value of the Lots and Homes released by the Bank since the date of the last Borrowing Base calculation.

  • Lender and Borrower hereby agree that the Percentage of Completion applicable to each Stage of construction of a Unit shall be as provided in Exhibit A attached hereto and made a part hereof.


More Definitions of Percentage of Completion

Percentage of Completion means (a) for any Home included as Eligible Property, the current percentage of construction completed as reflected in each Borrowing Availability Report based upon the stages of construction set forth in Exhibit ”D”, and (b) for any Lot or groups of Lots, included as Eligible Property, the current percentage of completion of A&D Improvements in the applicable Approved Subdivision as reasonably determined by Agent based on its review of the current Borrowing Availability Report and inspections of the Collateral made pursuant to this Agreement.
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Percentage of Completion means the percentages (a) certified by Borrower through a Work in Progress Report, and/or (b) verified by the Construction Consultant, and (c) approved in writing by Administrative Agent.
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Percentage of Completion means, as of any day, that percentage of the Project which has been completed according to the schedule of values approved by the Contractor, the Redeveloper and the Authority (and the applicable Construction Consultant).
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Percentage of Completion means, with respect to each Lot and Home as of any time of determination (which determination shall be made by the Bank in its sole discretion), the percentage of completion determined in accordance with Schedule 1 attached hereto.
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Related to Percentage of Completion

  • Date of Completion with respect to a Project shall mean: (i) the date upon which such Project and all components thereof have been acquired or constructed and are capable of performing the functions for which they were intended, as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; or (ii) the date on which the Issuer determines, upon the recommendation of or in consultation with the Consulting Engineer, that it cannot complete such Project in a sound and economical manner within a reasonable period of time as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; provided that in each case such certificate of the Consulting Engineer shall set forth the amount of all Costs of such Project which have theretofore been incurred, but which on the Date of Completion is or will be unpaid or unreimbursed.

  • Time of Completion means the time for completing the execution of and passing the Tests on Completion of the Works of any section or part thereof as stated in the Contract (or as extended under Clause...) calculated from the Commencement Date

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Final Completion Date means the date on which Final Completion occurs.

  • Notice of Completion means a document issued by the Department or Delegated Agency at the end of project construction when all items and conditions of the approved Sediment and Stormwater Management Plan have been satisfied, post construction verification documents demonstrate that the stormwater management systems have been constructed in accordance with the approved Sediment and Stormwater Management Plan, and final stabilization of disturbed areas on the site has been achieved.

  • Test on Completion means such tests as prescribed in the Contract to be performed by the Contractor before the work is Taken Over by TSECL.

  • Tests on Completion means the tests which are specified in the Contract or agreed by both Parties or instructed as a Variation, and which are carried out under Clause 9 [Tests on Completion] before the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Substantial Completion Date means the required date for Substantial Completion of the Project. The Substantial Completion Date can be adjusted only by written Change Order.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Annual Turnover means the actual turnover achieved during your first year of operations, from the commencement of your business to the date of the damage, converted to a 12-month equivalent figure.

  • Certificate of Completion means the certificate of completion given by the Engineer-in- charge pursuant to clause 40 of these conditions;

  • Testson Completion means the tests which are specified in the Contractor agreed by both Parties or instructed as a Variation, and which are carried out under Clause 9 [Tests on Completion] before the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Tests after Completion means the tests (if any) which are specified in the Contract and which are carried out in accordance with the Specification after the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.