Project Development Budget definition

Project Development Budget means a detailed estimation of the cost to reconfigure (as to Existing Projects), acquire, construct, furnish, improve, equip, stock and otherwise complete and establish a Project, which estimation may include soft costs approved by Agent Lender in accordance with the terms and conditions of Section 3.3 of this Agreement.
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Project Development Budget shall have the meaning set forth in Article III hereof.
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Project Development Budget means the detailed line item budget, a copy of which is marked "Exhibit N", affixed hereto and by this reference incorporated herein and made a part hereof, showing in detail to the satisfaction of Agent Bank and each of the Lenders the anticipated costs of the developing, constructing, furnishing and equipping the ACLVI Project, including the cost of gaming devices, slot machines and other ACLVI FF&E to be used in connection therewith and including all items shown on the General Contractor's Budget and Borrower Construction Budget.
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Examples of Project Development Budget in a sentence

  • Refer to the Rental Project Development Budget and Homeownership Project Development Guidelines as outlined in Sections H.3.c. and H.5.d. for information about the Bank’s limits to developer fees.

  • Compliance RequirementsFunds may be expended by the eligible developer for specific purposes and amounts as authorized in the approved Assistance Agreement and Project Development Budget (QA-6).

  • All expenses related to this Development Opportunity shall be incurred in accordance with the Project Development Budget and borne equally by the Parties, but funded as set forth herein below.

  • The parties, however, acknowledge, that the cost per Project will differ and will be more accurately estimated in each Project Development Budget and that the number of Projects may exceed twenty (20) depending on availability of Advances hereunder, identification and approval of acceptable Project sites, and satisfaction of funding requirements pursuant to this Agreement and the Loan Documents.

  • The Parties shall work together on this Development Opportunity in accordance with its Project Development Budget and all related expenses shall be incurred in accordance with the Project Development Budget and paid by GEM.

  • The Parties shall agree upon a timeline documenting target dates respecting: (i) the creation of a Project Development Budget (as defined in Article III hereof); (ii) the securing of necessary permits and approvals; and (iii) the securing of third party financing.

  • To the extent that Project Development Budget changes by Borrower result in increased Project costs for which there is no Available Committed Amount sufficient to permit such an increase in the Project Tranche, Borrower shall be responsible for paying the full amount of such Deficiency, as hereinafter provided.

  • After the occurrence of an Event of Default, the Lenders may from time to time make Advances for any other costs on the Project Development Budget, regardless of whether the Borrower has submitted a requisition therefor.

  • Unless expressly permitted in the Project Development Budget, each Party and their respective Affiliates shall bear the costs of their respective executive and/or key personnel, including their travel and related expenses, incurred in connection with the Development Opportunities.

  • Project Owner will be responsible for obtaining the Private Debt and Private Equity as shown in the Preliminary Project Development Budget in Appendix “C”.


More Definitions of Project Development Budget

Project Development Budget means the development or redevelopment budget for each Target or Project, as applicable, setting forth by line item the estimated Total Project Costs, including the Cost of the Work, Project Construction Interest and Project Development Costs, to be incurred in connection with the acquisition, development or redevelopment, completion and operation to break-even (i.e., the point at which the Subsidiary's Net Operating Income derived from such Target or Project, as applicable, for three (3) consecutive calendar months equals or exceeds the debt service (including required interest and principal payments) on loans for such Target or Project for such three (3) consecutive calendar months), as approved by the Executive Committee as part of the Final Presentation for a Target. The Project Development Budget will include the cost of all financing. Any reference in this Agreement to an "approved Project Development Budget" means a Project Development Budget for a Project, as unanimously approved by the Executive Committee as part of the Final Presentation for such Project in accordance with the procedures hereinafter set forth in Section 4.4 hereof, as the same may be subsequently amended by the unanimous action of the Executive Committee; however, for purposes of determining the amount of any Cost Overrun for a Project, the estimated Project Development Costs for such Project, as set forth in the Project Development Budget initially approved by the Executive Committee, shall be used unless the Executive Committee should thereafter unanimously and expressly approve a different amount in connection with the approval of a Change Order for such Project in accordance with Section 4.13(d)(2) hereof. For the avoidance of doubt, the Executive Committee's approval of an amendment to a Project Development Budget, without more, shall not constitute a change to the reference amount, i.e., the initial estimated Project Development Costs, by which a Cost Overrun is determined.
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Project Development Budget means the project development budget based on the same assumptions as the Initial Project Forecast and agreed between Lender and Borrower on or prior to the Financial Closing Date.
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Project Development Budget means, with respect to each of the Projects, the initial construction/development budget, including any updates thereto, prepared by Borrower and delivered to Emeritus for review and approval, showing all anticipated costs and expenses for acquiring, developing and constructing the Project, and covering its carrying costs until anticipated break even and showing the sources of all funds to be obtained by Borrower to fund such expenditures including the amount of the Construction/Permanent Loan, the Borrower Project Subordinated Debt, the amounts to be borrowed by Borrower under this Agreement to fund such Project.
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Project Development Budget means the detailed line item budget for development, construction and furnishing of the Project which shall set forth as to each line item: (i) the amount thereof to be paid by Borrower Construction Expenditures and City Construction Expenditures and (ii) the amount thereof to be paid by Construction Disbursements, which amounts shall be identified as the Loan Construction Budget, as such Project Development Budget may be amended, modified or revised from time to time upon the prior consent of Agent Bank, a copy of which Project Development Budget as prepared by Borrower and approved by Agent Bank as of the Closing Date is marked "Exhibit N," affixed hereto and by this reference incorporated herein and made a part hereof.
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Project Development Budget. The budget, which has been or will be approved by the General Partners, defining the scope and details of and setting forth all costs of the Project, including without limitation the costs of the Project Improvements.
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Related to Project Development Budget

  • Development Budget means the cost categories listed on Pages 8 - 11 in Form 3 that are directly related to the proposed Project as submitted in the Application. Indirect or off-site costs not directly related to the development of the project are not valid or eligible costs.

  • 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.

  • 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.

  • Annual Work Plan and Budget means the work plan and budget referred to in Section I.D of Schedule 2 to this Agreement

  • Project Plan means the document to be developed by the Contractor and approved by WTL, based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by WTL. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

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

  • Development Plan has the meaning set forth in Section 3.2.

  • Development Plans means a coherent set of operations defined and financed exclusively by the OCTs in the framework of their own policies and strategies of development, and those agreed upon between an OCT and the Member State to which it is linked;

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

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

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

  • Development Project means a project for the development of land within a

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Project Developer means any person who engages in the development of projects in the

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Development Phase means the period before a vehicle type is type approved.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Construction Budget means the cost of acquisition, installation, testing, constructing and developing any Property as determined by the Construction Agent in its reasonable, good faith judgment.

  • Project Scope means the description or activity of work to be accomplished on the Project.

  • 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.

  • local spatial development framework means a local spatial development framework contemplated in section 9;

  • Development Team means the entities and professionals assembled to develop and manage the Project, typically including the Applicant, Owner, Developer(s), Co-Developer(s) and general partner or any other related entities in which the Developer or Co-Developer has an identity of interest or a Controlling Interest.

  • 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.

  • Development Work means all work and services necessary or desirable in connection