Total Project Cost Statement definition

Total Project Cost Statement means the statement prepared by Borrower attached as Exhibit A itemizing and setting forth the estimated cost of constructing and financing the Improvements and all Project Costs.

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Total Project Cost Statement means the budget detailing by category the TOTAL PROJECT COST to acquire the PROPERTY and construct the PROJECT in accordance with the PLANS, as attached hereto as Exhibit G, which has been approved by BANKS, as such TOTAL PROJECT COST STATEMENT may be modified, amended or supplemented by “CONSTRUCTION VARIANCE REPORTS” submitted by BORROWER to ADMINISTRATIVE AGENT in connection with a DRAW REQUEST. The “CONSTRUCTION COST STATEMENT” shall be the portion of the TOTAL PROJECT COST STATEMENT applicable to the costs incurred under the CONSTRUCTION CONTRACT with the DESIGN-BUILDER. The TOTAL PROJECT COST STATEMENT includes a “SOURCES AND USES OF FUNDS” which demonstrates the source of funds to be applied to the TOTAL PROJECT COST as shown in the TOTAL PROJECT COST STATEMENT.

Total Project Cost Statement means the budget detailing by category the TOTAL PROJECT COST to acquire the PROPERTY and construct the PROJECT in accordance with the PLANS, as attached hereto as Exhibit G, which has been approved by BANK, as such TOTAL PROJECT COST STATEMENT may be modified, amended or supplemented by “CONSTRUCTION VARIANCE REPORTS” submitted by BORROWER to BANK in connection with a DRAW REQUEST. The “CONSTRUCTION COST STATEMENT” shall be the portion of the TOTAL PROJECT COST STATEMENT applicable to the costs incurred under the CONSTRUCTION CONTRACT with the DESIGN-BUILDER. The TOTAL PROJECT COST STATEMENT includes a “SOURCES AND USES OF FUNDS” which demonstrates the source of funds to be applied to the TOTAL PROJECT COST as shown in the TOTAL PROJECT COST STATEMENT.

Examples of Total Project Cost Statement in a sentence

• This right depends on (i) the progress of the Projects as stated in the Progress Reports (ii) their compliance with the Total Project Cost Statement.

• Total Project Costs" shall mean being the total amount estimated by the Borrower as necessary to complete the Project, as set forth in and certified by the Borrower in the Total Project Cost Statement.

• The Company shall not exercise any of its rights and powers in relation to any of the Charged Property in any manner which could reasonably be expected to have a material adverse affect on the value of, or prejudice the ability of the Security Agent to realise, the security created by this Deed.

• Borrower shall have submitted to Lender and Title Company the Total Project Cost Statement approved by Lender and a timetable with a schedule of anticipated advances shall have been furnished to and approved by Lender.

• Soft Costs" shall mean the costs of constructing the Project which are set forth as Soft Costs on the Total Project Cost Statement.

• Except as provided in Section 3.1 and Section 6.10 (regarding Lender’s right to disburse funds), no disbursement will be made for other than Project Costs set forth in the approved Total Project Cost Statement and then, except for Minor Changes, not to exceed the Line Items set forth therein without Lender’s prior written consent.

• Landlord shall also make available to Tenant supporting data and all documentation of the Landlord's statement of Total Project Cost, and Tenant shall have a period of sixty (60) days (or 90 days if Tenant performs an audit) to review and audit the Total Project Cost Statement and all data and documentation relating to Landlord's calculation of Total Project Cost.

• Total Project Cost Statement" shall mean the certificate of the Borrower in which the Borrower certifies to M&I the Borrower's reasonable estimate of the total of all Hard Costs and Soft Costs necessary to complete the Project in accordance with the Drawings and Specifications.

More Definitions of Total Project Cost Statement

Total Project Cost Statement will mean the statement of the Borrowers, in a form acceptable to the Bank, in which the Borrowers certify to the Bank that the Borrowers" estimate in USD of the total of costs necessary to complete the construction and equipping of the Gise ▇▇▇ject, the AgroMark Project and of the Icmosa Project, which statement is attached hereto as Annex "C".

Total Project Cost Statement means the certificate of the Borrower in which the Borrower certifies to M&I the Borrower's reasonable estimate of the total of all Hard Costs and Soft Costs necessary to complete the Project in accordance with the Drawings and Specifications.

Total Project Cost Statement means the statement required by Section 5.1(o).

Total Project Cost Statement means a total project cost statement duly executed by the Borrower incorporating the Sworn Construction Statement and setting forth all costs and expenses of any kind incurred or to be incurred by the Borrower in connection with (1) development of the Project, (2) acquisition of the Land, and (3) completion of the Improvements, including all so-called "hard" and "soft" costs.11 10 The Sworn Construction Statement is a statement of all "hard" costs. These are the actual costs of construction that are paid by the Borrower to the General Contractor under the General Contractor’s Contract.