REQUIRED COST AMOUNT definition

REQUIRED COST AMOUNT shall have the meaning set forth in Section 5.1.
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REQUIRED COST AMOUNT means (a) with respect to the Hotel, Eighteen Million Dollars ($18,000,000.00) in the event one (1) hotel is developed, Ninety Million Dollars ($90,000,000.00) in the event two (2) hotels are developed or the Hotel shall be repaired and maintained in accordance with Section 5.3.5, (b) with respect to the Commercial Core, Sixty Million Dollars ($60,000,000.00), and
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REQUIRED COST AMOUNT means $24,890,000 (the “Original Cost Amount”), as adjusted in accordance with the terms and provisions of this paragraph to account for increases (if any) in the Xxxxxxxx & Swift Index, Low Rise Apartments, published by the Real Estate Research Council of Southern California (the “M&S Index”) after the date of the Option Agreement. Director has previously approved a schedule for the phased construction of the Renovation Work pursuant to Section 7.4 of the Option Agreement (the “Approved Phasing Schedule”). In order to account for such phased construction of the Renovation Work, the Original Cost Amount has been allocated among the various phases of the Renovation Work set forth in the Approved Phasing Schedule (each, a “Phase”) in the amounts agreed upon by Xxxxxx and Director pursuant to Section 7.4 of the Option Agreement (the “Phase Cost Amounts”). The Phase Cost Amount for each Phase of the Renovation Work shall be increased (but not decreased) by the same percentage increase (if any) in the M&S Index for the period (the “Construction Cost Adjustment Period”) from [PRIOR TO LEASE EXECUTION, INSERT THE MONTH THAT IS THE THIRD MONTH PRECEDING THE MONTH DURING WHICH THE
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More Definitions of REQUIRED COST AMOUNT

REQUIRED COST AMOUNT for the Redevelopment Work means $[TBD WITHIN THE SELECTED PROPOSAL’S FINAL NEGOTIATIONS] as adjusted in accordance with the terms and provisions of this paragraph; provided, however, that the Required Cost Amount shall not be adjusted to an amount that is less than $[TBD WITHIN THE SELECTED PROPOSAL’S FINAL NEGOTIATIONS]. Concessionaire shall comply with all time deadlines and schedules set forth in this Article 5 relating to the completion of the design and construction of the Redevelopment Work (subject to any extension set forth in Section 5.6 for Force Majeure delay). Concessionaire’s failure to do so shall, if not cured within the applicable cure period set forth in Subsection 36.1(6), constitute an Event of Default. Except to the extent Concessionaire is prevented from so doing by Force Majeure delay as provided in Section 5.6, Concessionaire shall: (1) cause the commencement of construction of the Redevelopment Work to occur on or before the date (the “Required Construction Commencement Date”) which is twelve (12) months following the Effective Date; (2) following commencement of construction of the Redevelopment Work diligently continue performance of the Redevelopment Work through completion of the Redevelopment Work in accordance with the construction schedule submitted to and approved by Director pursuant to Section 5.4.6 below; and (3) substantially complete the Redevelopment Work not later than the third (3rd) anniversary of the Effective Date (the “Required Construction Completion Date”). Notwithstanding any contrary provision of this Article 5 in no event shall the Required Construction Commencement Date or Required Construction Completion Date be extended for more than one (1) year for any Force Majeure delay. Concessionaire shall have the right to extend the Required Construction Commencement Date for up to two periods of six (6) months by written notice to Director not later than thirty (30) days prior to the then-existing Required Construction Commencement Date. In the case of the second extension of the Required Construction Commencement Date, a condition to the extension shall be the concurrent delivery to County with its extension notice of an extension fee equal to Twenty Thousand Dollars ($20,000.00). No extension of the Required Construction Commencement Date shall extend the Required Construction Completion Date. Concessionaire shall have the separate right to extend the Required Construction Completion Date for up to two periods...
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REQUIRED COST AMOUNT for the Redevelopment Work means $23,000,000, as adjusted in accordance with the terms and provisions of this paragraph; provided, however, that the Required Cost Amount shall not be adjusted to an amount that is less than $23,000,000. For purposes hereof, the term “Required Cost Adjustment Date” shall mean the date that the construction of the Redevelopment Work is commenced. The initial Required Cost Amount of $23,000,000 shall be increased as of the Required Cost Adjustment Date by the same percentage increase in the Consumer Price Index during the period from (I) the month of January, 2013 until
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REQUIRED COST AMOUNT means the sum of all of the Adjusted Phase Cost Amounts.
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REQUIRED COST AMOUNT means Thirty Million Dollars ($30,000,000.00).
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Related to REQUIRED COST AMOUNT

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Projected Recovery Amount The fair value of the estimated amount of subsequent recoveries, determined by Freddie Mac on the Termination Date, at its sole discretion, on the Credit Event Reference Obligations.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Penalty Charge Notice means a notice described in Section 78 of the 2004 Act having effect as if issued or served by a Civil Enforcement Officer or posted by the enforcement authority under any regulations for the time being in force under Section 78 of the 2004 Act.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Applied Loss Amount With respect to any Distribution Date, the amount, if any, by which (x) the aggregate Certificate Principal Amount of the Certificates after giving effect to all Realized Losses incurred with respect to the Mortgage Loans during the related Collection Period and distributions of principal on such Distribution Date, but before giving effect to any application of the Applied Loss Amount with respect to such date, exceeds (y) the Pool Balance for such Distribution Date.

  • Maximum allowable cost list means a list of drugs for

  • GST Amount means in relation to a Taxable Supply the amount of GST payable in respect of the Taxable Supply.

  • Support Cost Rate means the flat rate at which the Partner will be reimbursed by UN Women for its Support Costs, as set forth in the Partner Project Document and not exceeding a rate of 8% or the rate set forth in the Donor Specific Conditions, if that is lower. The flat rate is calculated on the eligible Direct Costs.

  • Estimated Costs means costs estimated by the Authority as likely to be:

  • Class C Required Amount means with respect to any Payment Date, an amount equal to the excess of the amount described in Section 4.4(a)(v) over Available Finance Charge Collections applied to pay such amount pursuant to Section 4.4(a).

  • 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.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Unallowable Costs has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Adjustment Escrow Amount means $1,000,000.

  • 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.

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).