Reimbursable Project Costs Cap definition

Reimbursable Project Costs Cap shall have the meaning set forth in Section 3.01. “Related Entity” shall have the meaning set forth in Section 7.06.B.1. “Replacement Value” shall have the meaning set forth in Section 7.03.B. “Restricted Entity” shall have the meaning set forth in Section 7.07.C.
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Reimbursable Project Costs Cap means Thirteen Million Eight Hundred and Twenty-Eight Thousand Five Hundred and Seventy-Two Dollars ($13,828,572), plus all actual Financing Costs and Administrative Costs.
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Reimbursable Project Costs Cap means an amount equal to Two Hundred Sixty Seven Thousand Fourteen Dollars ($267,014), as described in Section 4.2(a).
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Examples of Reimbursable Project Costs Cap in a sentence

  • Subject to the terms of this Agreement and the conditions in this Section, and provided that no Developer Event of Default has occurred hereunder that has not been timely cured, then the Unified Government hereby agrees to reimburse Developer for Reimbursable Project Costs on a "Pay As You Go" basis in a total amount not to exceed the Reimbursable Project Costs Cap.

  • Such administrative fees shall have priority over reimbursement of Reimbursable Project Costs but shall not be applied to the Reimbursable Project Costs Cap.

  • Though neither party has given the other any assurances or guarantees regarding the Real Property Tax Revenues or reimbursements to be paid pursuant to the terms of this Agreement, the parties hereby agree that the Reimbursable Project Costs Cap and the incentives set forth herein were based upon the estimated reimbursable project costs set forth in Exhibit F, attached hereto.

  • The parties agree that in the event that Developer fails to meet the LBE/MBE/WBE goals set forth in Exhibit I, the Reimbursable Project Costs Cap shall be reduced as set forth therein.

  • The Parties also agree that nothing in this Agreement shall in any way obligate the Unified Government to reimburse Developer for (i) any cost that is not a Reimbursable Project Cost, or (ii) any Reimbursable Project Costs in excess of the Reimbursable Project Costs Cap.

  • In consideration for the Developer's agreement to construct the Project, the Unified Government agrees to reimburse the Developer for Reimbursable Project Costs, subject to the Reimbursable Project Costs Cap, and subject to all of the terms and conditions of this Agreement, including the pre-conditions for reimbursement as set forth herein.


More Definitions of Reimbursable Project Costs Cap

Reimbursable Project Costs Cap means $4,550,000 for all Reimbursable Project Costs, which is the total principal amount of the reimbursable costs to the Developer from TIF Revenues for the Redevelopment Project, plus Financing Costs and Administrative Costs as allowed to be reimbursed pursuant to this Agreement. The amount of $50,000 for the reimbursement of costs associated with improvements to Jayhawk Road shall only be treated as reimbursable under this Agreement if an amendment to the Redevelopment Plan is approved by Ordinance. Costs incurred by Developer pursuant to Section 7.1.E. or Section 9.6 shall not be subject to the Reimbursable Project Costs Cap. CID Project Costs are not reimbursable from TIF Revenues and accordingly are also not subject to the Reimbursable Project Costs Cap. No reimbursement for Reimbursable Project Costs shall be provided by the City except from TIF Revenues generated within the Redevelopment Project Area during the 23-year period following approval of the Redevelopment Project Ordinance.
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Reimbursable Project Costs Cap means $200,000 in Reimbursable Project Costs. The Reimbursable Project Costs Cap shall be subject to reduction as set forth in Section 3.07 and Exhibit F of this Agreement.
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Reimbursable Project Costs Cap means $1,500,000.00. “State” means the state of Kansas.
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Related to Reimbursable Project Costs Cap

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Direct Costs means the sum of the following:

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Total Project Costs means the total amount of money required to complete the Project.