Phase II Project Budget definition

Phase II Project Budget means the Phase II Project Budget approved in accordance with the Disbursement Agreement.

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Phase II Project Budget as defined in the Disbursement Agreement.

Phase II Project Budget means the budget for the Phase II Project delivered by the Company and approved by the Majority of the Arrangers pursuant to Section 3.4.2 of the Disbursement Agreement, and as amended from time to time in accordance with Section 6.3 of the Disbursement Agreement.

Examples of Phase II Project Budget in a sentence

From and after the Phase I Opening Date, the Company shall only be permitted to obtain Advances hereunder for the purpose of paying Debt Service accruing with respect to Advances made under the Bank Credit Agreement or from the 2014 Notes Proceeds Account to pay Project Costs allocated to the Phase II Project under the Phase II Project Budget.
The Company shall have certified in the Company’s Advance Request that such Contracts are consistent with the Phase II Project Budget, the Phase II Project Schedule and the Final Plans and Specifications for the Phase II Project.
The Phase II Project Budget shall include a total contingency of at least $40,000,000.
The Phase II Project Budget shall include a total contingency of at least $40,000,000 (including the amounts required to be on deposit in the Completion Guaranty Deposit Account under Section 5.1.
The Borrower shall apply the proceeds of the Delayed Draw Term Loans to pay the Phase II Project Costs which are identified in the Phase II Project Budget approved in accordance with Section 5.4.3 hereof.
Upon submission of a duly executed Project Schedule Amendment Certificate for the Phase II Project to the Disbursement Agent, together with all appendices required pursuant thereto, such amendment shall become effective hereunder, and the Phase II Project Budget and, if applicable, the Phase II Project Schedule and the Phase II Scheduled Opening Date or Phase II Scheduled Completion Date, as the case may be, shall thereafter be as so amended.
The Company shall have certified in the Company's Phase II Approval Date Certificate that such Contracts are consistent with the Phase II Project Budget, the Phase II Project Schedule and the Final Plans and Specifications for the Phase II Project.
The Phase II Primary Construction Contract shall be consistent with the Phase II Project Budget, the Phase II Project Schedule and the Final Plans and Specifications for the Phase II Project.
The Administrative Agent shall have received any material amendments or material modifications to the Phase II Project Budget last delivered to the Administrative Agent, or a statement that no material changes have been made to the Phase II Project Budget.

More Definitions of Phase II Project Budget

Phase II Project Budget means the Phase II Project Budget to be approved in accordance with the Disbursement Agreement and which is attached as Exhibit F-4 to the Disbursement Agreement.

Phase II Project Budget means the budget set forth on Schedule VI annexed hereto and made a part hereof (as amended from time to time in accordance with Section 7.2.10) which shall include (x) a breakdown of all Hard Costs and Soft Costs, together with a schedule of Phase II Costs incurred prior to the Effective Date, (y) a schedule setting forth the FF&E which is to be purchased in connection with the construction of the Phase II Project from the proceeds of the Loans or otherwise, and (z) a balanced statement of sources and uses of proceeds (and any other funds necessary to complete the Phase II Project).

Phase II Project Budget means the Project Equity Costs for the construction of Phase II of the Project as projected, adopted and revised from time to time by the Managing Member in its sole discretion and as approved by the FERC, the CRE or any other regulatory or governmental Entity in Mexico or in the United States of America.