Total Budget definition
Total Budget means the Core Budget and the Expanded Financing Component of any CRP, as approved by the Fund Council.
Total Budget means budget for all funds held by the intermediate school district.
Total Budget means the Maricopa County Department of Emergency Management’s General Fund and Grant Fund expenditure budgets as adopted by the Maricopa County Board of Supervisors, plus baseline internal/central service charges, for the Preceding Fiscal Year. Budgeted fund balance expenditures, annual maintenance cost for the comprehensive emergency management tool and capital items are not included in the “Total Budgeted” calculation.
Examples of Total Budget in a sentence
The Fund Council, in consultation with the Consortium, decides (i) whether to approve the proposal, including Total Budget and each Component thereof proposed by the Consortium, and (ii) if so, from what combination of Window 1 and 2 funds to finance the approved funding commitment to the Consortium, as applicable.
The Fund Council, in consultation with the Consortium, decides (i) whether to approve the proposal, including the Total Budget and each Component thereof proposed by the Consortium, and (ii) if so, from what combination of Window 1 and 2 funds to finance the approved funding commitment to the Consortium, as applicable.
The Revenue Budget Savings and the Expenditure Budget Savings will be added together to determine a Total Budget Savings; it is possible that one or both of these amounts may be a negative number thereby reducing the Total Budget Savings.
CONTRACTOR and ADMINISTRATOR mutually agree that the Total Budget identified in Subparagraph II.A. of this Exhibit A-1 to the Contract includes Indirect Costs not to exceed fifteen percent (15%) of Direct Costs, and which may include operating income estimated at two percent (2%).
Notwithstanding anything to the contrary contained in this or any other provision of this Agreement, the Program Manager agrees to use its best efforts to deliver to the Owner all the information that the Owner needs to (a) ensure that the Using Agency’s Program is accomplished with the established level of construction quality, (b) control the Total Project Budget, and (c) ensure that construction of the Project is completed within the Total Budget as it may be amended.
More Definitions of Total Budget
Total Budget means the total budgeted cost of the Transmission Project as shown in Exhibit 4, as the same may be modified pursuant to Section 4.01. Transmission Agreement
Total Budget is the maximum cost anticipated by Borrower for the Project; (c) “Loan Proceeds” is the maximum amount to be advanced under the Loan, and as used herein, such term shall mean Loan funds to be advanced by the Lenders subject to the terms and conditions of this Agreement; and (d) “Up-Front Equity” is FIFTY SEVEN MILLION FIVE HUNDRED SIXTY ONE THOUSAND TWO HUNDRED THIRTY SEVEN AND NO/100 DOLLARS ($57,561,237.00), the amount which is to be paid by Borrower toward the Total Costs, and advanced prior to the first Advance of any Loan Proceeds. Up-Front Equity Cash and Loan Proceeds shall be advanced subject to the terms, covenants, conditions and provisions of this Agreement. Borrower shall not amend the Budget, or otherwise reallocate Loan funds from one Budget line item to another, without the prior written approval of Administrative Agent in its sole discretion or except as expressly provided for herein. The Budget has been prepared by Borrower, and Borrower represents to Administrative Agent and Lenders that to the best of Borrower’s knowledge, the Budget includes all costs incident to the Loan and the Project through the maturity date of the Loan (collectively, the “Aggregate Cost”) after taking into account the requirements of this Agreement, including “hard” and “soft” costs, fees and expenses. Unless approved by Administrative Agent in its sole discretion, no advance shall be made (a) for any cost not set forth in the Budget, (b) from any line item in the Budget that, when added to all prior advances from that line item, would exceed the lesser of (i) the actual cost incurred by Borrower for such line item, or (ii) the sum shown in the Budget for such line item, (c) from any contingency line item, or (d) to pay interest on the Loan after commencement of operations in the Improvements if and to the extent that, subject to the provisions of Exhibit “I”, there is sufficient net operating income from the Property to pay such interest. Advances from any line item in the Budget for purposes other than those for which amounts are initially allocated to such line item, or changes in the relative amounts allocated to particular line items in the Budget may only be made as Administrative Agent in its sole discretion deems necessary or advisable. In the event the general contractor produces a cost savings on a particular line item under a construction contract with such general contractor, the general contractor will deduct the savings on that line item and increase...
Total Budget is the maximum cost anticipated by Borrower for the Construction of the Improvements and Borrower’s satisfaction of the other requirements of the Loan; (c) the “Loan Proceeds” are the maximum amount to be advanced under the Loan; and (d) “Borrower Equity” is the amount that Borrower is required to pay toward the Total Costs. Whenever Borrower is required to pay any items from Borrower Equity, Lender, at its option, may restrict or prohibit advances of the Loan for such items to the extent that Borrower Equity is sufficient to pay such amounts. After the exhaustion of Borrower Equity allocated to a given line item, Lender will advance Loan proceeds for that line item pursuant to the Budget.
Total Budget is the maximum cost anticipated by Borrower for the Project; (c) “Loan Proceeds” is the maximum amount to be advanced under the Loan; and (d) “Up-Front Equity” is $40,340,451.00 which is to be paid by Borrower toward the Total Costs, and advanced prior to the Initial Advance of the Loan. The Up-Front Equity and Loan Proceeds shall be advanced subject to the terms, covenants, conditions and provisions of this Agreement. Borrower shall not amend the Budget, or otherwise reallocate funds from one Budget line item to another, without the prior written approval of Administrative Agent in its sole discretion. The Budget has been prepared by Borrower, and Borrower represents to Administrative Agent and the Lenders that, to the best knowledge of Borrower, the Budget includes all estimated costs incident to the Loan and the Project, assuming sufficient cash flow to pay interest on the Loan and other operating expenses of the Property (including marketing expenses) not included in such Budget, through the maturity date of the Loan (collectively, the “Aggregate Cost”) after taking into account the requirements of this Agreement, including “hard” and “soft” costs, fees and expenses.
Total Budget is the maximum cost anticipated by Borrower for each of the Apartments Unit Project and the Office Tower/Retail Unit Project; (c) “Loan Proceeds” is the maximum amount to be advanced under the applicable Loan; and (d) “Up-Front Equity”, is the amount of $21,015,250, which is to be paid by Borrower toward the Total Costs under the Parking Unit Project Loan, Apartments Unit Project Loan and/or the Office Tower/Retail Unit Project Loan prior to the first advance the Loan. Loan proceeds shall be advanced subject to the terms, covenants, conditions and provisions of this Agreement. Borrower shall not amend any Budget, or otherwise reallocate Loan funds from one Budget to another Budget or from one Budget line item to another Budget line item, without the prior written approval of Administrative Agent in its sole discretion. Notwithstanding the foregoing, Borrower may reallocate actual savings in a hard cost line item of a Budget to another hard cost line item in the same Budget and actual savings in a soft cost line item of a Budget to another soft cost line item in the same Budget, provided that such savings are demonstrated to Administrative Agent’s reasonable satisfaction. Each Budget has been prepared by Borrower, and Borrower represents to Administrative Agent and Lenders that such Budget includes all costs incident to the applicable Loan and each of the Apartments Unit Project and the Office Tower/Retail Unit Project through the initial Maturity Date of the applicable Loan (collectively, for each of the Apartments Unit Project and the Office Tower/Retail Unit Project, the “Aggregate Cost”) after taking into account the requirements of this Agreement, including “hard” and “soft” costs, fees and expenses. Unless approved by Administrative Agent in its sole discretion, no advance shall be made (a) for any cost not set forth in a Budget, (b) from any line item in such Budget that, when added to all prior advances from that line item, would exceed the lesser of (i) the actual cost incurred by Borrower for such line item, or (ii) the sum shown in such Budget for such line item, (c) from any contingency line item, or (d) to pay interest on the Loan after commencement of operations in the Improvements financed by that Loan if and to the extent that, subject to the provisions of Exhibit “I”, there is sufficient net operating income from the Apartments Unit Project and/or the Office Tower/Retail Unit Project to pay such interest. Advances from any line item in a Bu...
Total Budget is the maximum cost anticipated by Borrower for the Construction of the Improvements and Borrower’s satisfaction of the other requirements of the Loan; (c) the “Loan Proceeds” are the maximum amount to be advanced under the Loan; (d) “Upfront Equity” is the amount that Borrower is required to pay toward the Total Costs; and (e) “Deferred Equity” is an additional amount that Borrower is required to pay toward the Total Costs as of the date indicated. Whenever Borrower is required to pay any items from Upfront Equity or Deferred Equity, Lender, at its option, may restrict or prohibit advances of the Loan for such items to the extent that Upfront Equity or Deferred Equity is sufficient to pay such amounts. Whenever Borrower’s Upfront Equity or Deferred Equity is on deposit with Lender, Lender shall make all advances first from such equity based on the allocations thereof set forth in the Budget. After the exhaustion of Upfront Equity or Deferred Equity allocated to a given line item, Lender will advance Loan proceeds for that line item pursuant to the Budget. Lender acknowledges and agrees that the Upfront Equity and the Deferred Equity will be funded by Borrower from proceeds under the Subordinated Note.
Total Budget means the Construction Budget and the budget for all soft costs and any other costs to be covered by the Fund’s social equity program with respect to each Operator and its related Retail Property, including but not limited to costs of administering the Fund, management fees and the equity investments made to date and any equity commitments expected thereafter, all of the foregoing to the extent approved by Agent it its sole and absolute discretion, or deemed approved as provided herein.