Required Completion Amount definition

Required Completion Amount has the meaning given in Section 2.9(a) of the Disbursement Agreement.
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Required Completion Amount has the meaning given in Section 2.11(a) of the Funding Agents' Disbursement and Administration Agreement.
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Required Completion Amount is defined in Section 2.9 (a).
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Examples of Required Completion Amount in a sentence

  • The Company's Completion Certificate further shall set forth each Resort Component Funding Source's and the FF&E Facility's portion of the Required Completion Amount calculated in accordance with the preceding sentence.

  • The Required Completion Amount shall be based on the allocation rules set forth in Section 2.5 after subtracting amounts then on deposit in the Hard Costs Cash Management Account and the Company's Funds Account.

  • The Required Completion Amount shall be based on the allocation rules set forth in Section 2.5 after subtracting amounts then on deposit in the Hard Costs Cash Management Sub-Account and the Company's Funds Account.

  • The Company's Completion Certificate shall indicate the date the Company believes the conditions to Completion will be satisfied, shall include the Project Architect's Completion Certificate and shall set forth all other information required thereby, including the aggregate amount of Project Costs anticipated to become due and payable after the Completion Date in order to achieve Final Completion (the "Required Completion Amount").

  • The Loan Parties’ Phase II Mall Release Certificate shall indicate the anticipated Phase II Mall Release Date and set forth all the other information required thereby, including the Phase II Mall Required Completion Amount.

  • The funding of the Phase II Mall Required Completion Amount pursuant to clauses (d)(i), (d)(ii) and (d)(iii) below shall be based on the allocation provisions set forth in Sections 2.5.1, 2.5.2 and 2.5.3 and after subtracting amounts then on deposit in the Phase II Mall Cash Management Account.

  • The Borrower's Completion Certificate shall indicate the anticipated Conversion Date and set forth all the other information required thereby, including the aggregate amount of Main Project Costs anticipated to become due and payable after the Conversion Date in order to achieve Final Completion (the "Required Completion Amount").

  • The Company's Completion Certificate further shall set forth each HC/Mall Component Funding Source's portion of the Required Completion Amount calculated in accordance with the preceding sentence.

  • The Loan Parties’ Phase II Mall Release Certificate further shall set forth each Phase II Mall Funding Source’s portion of the Phase II Mall Required Completion Amount calculated in accordance with the preceding sentence.

  • The Required Completion Amount shall be based on the allocation rules set forth in Sections 2.6.1 and 2.6.2 and after subtracting amounts then on deposit in the HC/Mall Cash Management Sub-Account and the HVAC Component Cash Management Sub-Account.


More Definitions of Required Completion Amount

Required Completion Amount calculated in accordance with Section 2.8 and set forth in the Borrower's Completion Certificate. Thereafter, the Disbursement Agent shall withdraw any remaining funds on deposit in the Bank Proceeds Account and deliver such funds to the Administrative Agent to be applied in accordance with the Credit Agreement.
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Required Completion Amount is defined in the Disbursement Agreement.
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Required Completion Amount means an amount equal to the greater of (a) the amount certified by the Company (and confirmed by the Independent Engineer) on the Project Completion Date as necessary to pay the costs to achieve Final Completion and (b) an amount equal to 150% of the aggregate value of the punch list items provided pursuant to the EPC Contract.
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Related to Required Completion Amount

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Final Completion Date means the date on which Final Completion occurs.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Final Completion Certificate has the meaning set forth in Section 11.6.

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cut-off Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Required Capital Amount has the meaning set forth in Section 5(e) of this Supplement.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;