Project Expense definition

Project Expense means cost associated with completing the Project. For purposes of the application budget page, expenses will be supported by vendor estimates and bids. In-kind contributions will be supported by documentation that gives the basis for valuation.
Sample 1Sample 2Sample 3
Project Expense means an expense incurred by the Participant in the coordination, administration, development, purchase or implementation of the Project.
Sample 1Sample 2
Project Expense means any cost or expense incurred in respect of the Project, by or on behalf of the Principal Proponent, which is, was or will be paid out of the Project Funds.
Sample 1

Examples of Project Expense in a sentence

  • ACC operating subsidy is based on a number of factors; however developers should use $400 per month per unit for the operating subsidy or Project Expense Level (PEL); and $200 per unit per month for the Utility Expense Level (UEL).

  • If subsurface conditions, material, lead, or asbestos is found that was not disclosed by the Judicial Council to Licensee before the Effective Date, the Parties agree that Licensee shall be responsible for such remediation and the work shall be considered an Additional Project Expense as listed in the Lease.

  • If subsurface conditions, material, lead, or asbestos is found that was not disclosed by the Judicial Council to Licensee before the Effective Date, the Parties agree that Licensee shall be responsible for such remediation and work shall be considered an Additional Project Expense as listed in the SPPA.

  • The operating subsidy is equal to the project’s Project Expense Level (PEL) plus the Utilities Expense Level (UEL), multiplied by Eligible Unit Months (EUM), plus other formula expenses (add-ons), minus formula income.

  • Department of Hawaiian Home LandsHawaiian Home Lands Trust Grant Budget Information Organization Name: ___________________________________________________________ Instructions:Please complete each form for the Project Expense Budget and Project Income Budget.

  • The Transaction Documents will require that (i) TICD make the payments of Initial Consideration and Additional Consideration on behalf of the Authority, and (ii) such payments will be included as a Project Expense as defined in Section V.B.1 below.

  • If a PHA’s formula expense is greater than its for- mula income, then the PHA is eligible for an operating subsidy.(3) Formula expense is an estimate of a PHA’s operating expense and is deter- mined by the following three compo- nents: Project Expense Level (PEL), Utility Expense Level (UEL), and other formula expenses (add-ons).

  • Project Expense BudgetDESCRIPTIONDHHL FUNDSREQUESTEDOTHERFUNDSIN-KINDTOTAL PERSONNEL (employee only) Salary Fringe TOTAL PERSONNEL NON-PERSONNEL Travel Lease/purchase equipment Supplies Contract Services(please specify): Insurance Fiscal sponsor fee, ifapplicable Other (please specify): Contingency(for construction projects) TOTAL NON-PERSONNEL TOTAL EXPENSES Project Income Budget • Applicant will be asked to re-verify match funds and in-kind donations at time of grant award notification.

  • The kind of expenses and their settlement shall have to comply with the Project Expense Policy of the HRADF (DOSSIER D’).

  • Tenant’s reasonable costs of any such Emergency Repairs will be deemed an approved Project Expense, and will be funded by Project Income or, if there is insufficient Project Income, will be funded by the Operating Funding Agreement.


More Definitions of Project Expense

Project Expense means, with respect to any Approved Project, any cost incurred by the Company (or the Company’s share of any such costs and expenses incurred by a Subsidiary of the Company) in connection with the acquisition, development, construction, operation and maintenance of such Approved Project.
Sample 1
Project Expense as used throughout this entire Agreement shall mean all costs, expenses or charges, whether capitalized or expensed for tax or accounting purposes, with respect to the acquisition, development, construction, improvement, ownership, operation, maintenance, upkeep and financing of the Project, including but not limited to, costs and expenses associated with the Improvements, infrastructure, ad valorum taxes, advertising expenses, professional fees, insurance premiums, cost of maintenance, wages and debt service (including principal and interest) in respect of any indebtedness related to the Project.
Sample 1

Related to Project Expense

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Controllable Operating Expenses means all Operating Expenses except property taxes and assessments, capital expenditures that are reasonably required, costs for repairs and maintenance (excluding preventative maintenance), utility charges, insurance charges, costs of services provided under a union contract, payments under covenants, conditions and restrictions or to an owners’ association and costs associated with repairs due to casualty, vandalism or other cause outside of Landlord’s reasonable control.

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

  • Base Year means the period set forth in Section 5 of the Summary.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following: (i) The operation, repair and maintenance, in neat, clean, good order and condition, of the following:

  • Rental Expense means, with respect to any period, the aggregate amount of rental payments made by the Company and its Subsidiaries (determined on a consolidated basis) for such period with respect to operating leases.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Operating Year means the calendar year commencing January 1st of each year (including the calendar year within which the Commencement Date occurs) during the Term.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;

  • Controllable Expenses means all expenses, other than Uncontrollable Expenses, incurred by the Company or any Subsidiary of the Company with respect to the Property.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Base Operating Expenses means the Operating Expenses for the Base Year.