Project Costs Budget definition

Project Costs Budget means the budget detailing the Total Project Costs, as set forth in Exhibit 7 attached hereto.
View Source
Project Costs Budget shall have the meaning given to such term in Section 5(b). "Proper Forums" shall have the meaning given to such term in Section 38. "Renovation Costs" shall have the meaning given to such term in Section 5(a)(i). "Renovation Work" shall have the meaning given to such term in Section 5(a)(i). "Required Information" shall have the meaning given to such term in Section 9(c)(i). "Reserve Account" shall mean an account established by Owner for the purposes set forth in Section 7(b)(i) at a bank selected by Owner. "Restaurant" shall have the meaning given to such term in the second WHEREAS clause of this Agreement. "Restaurant Name" shall have the meaning given to such term in Section 18(b). -11- <PAGE> "Restaurant Plans" shall have the meaning given to such term in Section 5(a)(i). "Restaurant Work" shall have the meaning given to such term in Section 5(a)(i). "Revised Budgeted Project Costs" shall have the meaning given to such term in Section 5(g). "▇▇▇▇" shall have the meaning given to such term in Section 1 3(c)(iii)(C)(4). "Secured Loan" shall mean and include (a) any mortgage encumbering the Hotel or all or any part of Owner's interest therein, (b) any pledge or collateral assignment of all or any part of the direct or indirect ownership interests in Owner, (c) any sale/leaseback or similar financing transaction, together with all other instruments evidencing or securing the payment of the indebtedness secured by such mortgage, pledge, collateral assignment or the obligation to make rental or other payments in connection with any such sale/leaseback or similar financing transaction, and (d) all amendments, modifications, supplements and extensions of such instruments. In the event of any sale/leaseback, the tenant under the lease shall be treated as Owner for purposes of this Agreement. "Soft Opening Date" shall mean the date that Manager shall commence the testing of equipment and procedures (including the kitchen and Staff) at the Managed Premises and the Managed Premises shall be open for so-called "rehearsal" seatings. The parties hereby agree that the Soft Opening Date shall occur no later than January 1, 2001; provided, however, that if the Owner fails to substantially complete the Renovation Work to be performed by Owner on or before January 1, 2001 and such failure is not the result of the acts or omissions of the Manager, the Soft Opening Date shall be delayed by one day for each day by which Owner so fails to substantially complete such work. "S...
View Source
Project Costs Budget means the budget attached hereto as Exhibit E.
View Source

Examples of Project Costs Budget in a sentence

  • If the Initial Cost Estimate is greater than Project Costs Budget, then the UG, at the UG's option, may (i) approve the Initial Cost Estimate in writing; or (ii) elect to value engineer portions of the Project, or eliminate or revise one or more items shown on the Preliminary Plans so as to reduce the Initial Cost Estimate to be within the Project Costs Budget; or (iii) elect to terminate the Agreement.

  • Notwithstanding the foregoing, the Development Plan shall be amended to the extent necessary to keep the cost of the Grocery Store Improvements within the constraints of the Project Costs Budget.

  • After the funds in the Interest Reserve Account have been fully disbursed, no further amounts of the Additional Loan Amount will be disbursed to pay debt service due under the Loan or the Additional Loan Amount except to the extent debt service due under the Loan and the Additional Loan Amount is contained in a soft cost line item in the Project Costs Budget, in which event Section 4.5D below shall apply to each of such payments.

  • The Project Costs Reserve Account shall be used to pay Project Costs in accordance with the Project Costs Budget attached hereto pursuant to Section 4.7 below.

  • The Project Costs Budget accurately reflects all anticipated Project Loan Costs.

  • If the Initial Cost Estimate is less than or equal to the original Project Costs Budget, then Manager and the UG will be deemed to have approved the Initial Cost Estimate.

  • Owner shall make withdrawals from the Project Costs Account for the purpose of paying Project Costs incurred by Owner or Manager in accordance with this Agreement and the Project Costs Budget.

  • The Project Costs Budget accurately reflects all anticipated Building Costs and the Building Loan Budget accurately reflects all anticipated Building Loan Costs.

  • As used herein, the term “Cost Overrun” shall mean any cost or expense resulting in an increase in the total construction cost provided for in the Project Costs Budget, as the same may be amended from time to time by mutual agreement of Landlord and Tenant.

  • BR Member shall reimburse the TCR Member for fifty percent (50%) of all Pursuit Costs previously incurred by TCR Member that are identified in the Project Costs Budget and that have been approved by BR Member in its reasonable discretion.


More Definitions of Project Costs Budget

Project Costs Budget shall have the meaning given to such term in Section 5(b).
View Source