Permitted Overrun definition

Permitted Overrun has the meaning set forth in Section 2.5.4.
Sample 1
Permitted Overrun means, on a [***] basis, with respect to any Cost-Share Development Budget or Commercialization Budget, an [***].
Sample 1
Permitted Overrun means the funding of (a) any amount strictly necessitated by Emergency Operations incurred in accordance with this Agreement and the Operating Services Agreement, (b) any amounts permitted by the Permitted Annual Budget Variance and (c) any Permitted Unbudgeted Costs.
Sample 1

Examples of Permitted Overrun in a sentence

  • Subject to the foregoing, if the Management Team exceeds an adopted Program and Budget by an amount less than the Regular Overrun Threshold, any such Cost excess (the "Permitted Overruns") shall be funded through Member Funding pro rata in proportion to each Member's respective Percentage Interest as at the time such Permitted Overrun occurs.

  • Except as otherwise agreed by the Parties, any amounts incurred by a Party above the Permitted Overrun amounts are the responsibility of the Party that incurred such costs.

  • MAP shall be solely responsible for any such excess beyond the Permitted Overrun except to the extent that AstraZeneca agrees in good faith to amend the Initial Development Budget or a Development Budget to include such excess.

  • If such acceleration is possible, Landlord will, in consultation with Tenant, reasonably approve change orders allowing for such acceleration provided, at Landlord’s sole option, the cost associated therewith will either be payable directly by Tenant to Landlord within thirty (30) days after written invoice, or shall constitute a Permitted Overrun.

  • AstraZeneca shall reimburse MAP for any such excess up to the Permitted Overrun.

  • For the avoidance of doubt, unless otherwise agreed by AstraZeneca, MAP shall be solely responsible for excess costs and expenses it incurs pursuant to the Initial Development Plan or Development Plan that are not included in Development Costs pursuant to this Section 4.3.4 or that exceed the Permitted Overrun.

  • With respect to any portion of Permitted Overrun Costs that exceed [**] percent ([**]%) of the amounts set forth in the then-current Budget, in the aggregate or with respect to any stage of research, Incyte shall only be responsible for such portion in excess of [**] percent ([**]%) to the extent that Syros can establish a reasonable scientific basis for such portion of the overspend.

  • Syros agrees to issue no later than [**] after the end of each Calendar Quarter an invoice for (i) Incyte’s portion of any Permitted Overrun Costs incurred with respect to such Calendar Quarter and (ii) except as otherwise agreed in an applicable amendment to the Budget, any Permitted Overrun Costs incurred in connection with an amendment to the Research Plan.


More Definitions of Permitted Overrun

Permitted Overrun means, on a [***] basis, with respect to any Cost-Share Development Budget or Commercialization Budget, an[***].
Sample 1

Related to Permitted Overrun

  • Permitted Overadvance means an Overadvance made by the Administrative Agent, in its discretion, which:

  • Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Permitted Occupier means if used in the Agreement, any person who is licensed or permitted by the Landlord to reside at the Property together with the Tenant and who does so as a rent free licensee of the Tenant.

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Permitted Payment as defined in Subsection 8.2(b).

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Permitted Payments has the meaning specified in Section 7.06(b).

  • Cost of Capital Improvement Projects means the costs of acquiring, constructing, reconstructing, expanding, improving and engineering Capital Improvement Projects, and related financing costs.

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • 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.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • 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.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Permitted Expenses shall include, without limitation, the expenses set forth in Sections 5.10 and 9.2 hereof.

  • Permitted Person shall have the meaning set forth in the definition of “Change of Control.”

  • Permitted Issuance means the issuance by the Company of (i) shares of Common Stock (A) offered to the public pursuant to a public offering, (B) upon conversion of any of the convertible securities issued by the Company and outstanding as of the Issuance Date, (C) in connection with any dividend or distribution to the holders of Common Stock, (D) upon exercise of any Options outstanding prior to the Issuance Date or thereafter issued pursuant to any stock option or warrants or pursuant to employee stock option or executive incentive ownership plans approved by a majority of the Board of Directors of the Company, or (E) issued in connection with any stock splits, reclassifications, recapitalizations or similar events, or (ii) any Options issued pursuant to any of the plans referred to in clause (i)(D) above.

  • 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.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

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

  • 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.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.