Unallocated Contingency Balance definition

Unallocated Contingency Balance means, from time to time, the amount of the "Construction Contingency" Line Item Category as set forth in the Project Budget then in effect.

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Unallocated Contingency Balance means (w) during the first month after the Effective Date, the greater of (1) $24,000,000 or (2) the Unallocated Contingency Calculation, (x) during the second month after the Effective Date, the greater of $23,000,000 or (2) the Unallocated Contingency Calculation, (y) during the third month after the Effective Date, the greater of $22,000,000 or (2) the Unallocated Contingency Calculation, and (z) thereafter, from time to time, the Unallocated Contingency Calculation.

Unallocated Contingency Balance as defined in the Disbursement Agreement.

Examples of Unallocated Contingency Balance in a sentence

For purposes of determining compliance by Aladdin Gaming with the covenant in Section 10(r) of the Facilities Agreement the Main Project Budget shall be deemed to be "In Balance" for purposes of this Agreement if (x) the amount required to bring the Main Project Budget "In Balance" does not exceed $5,000,000 or (y) such amount is greater than $5,000,000, the Unallocated Contingency Balance equals or exceeds the amount required to bring the Main Project Budget "In Balance".
For purposes of determining compliance by Aladdin Gaming with the representation in Section 8(t) of the Facilities Agreement, the Main Project Budget shall be deemed to be "In Balance" for purposes of this Agreement only if (x) the amount required to bring the Main Project Budget "In Balance" does not exceed $5,000,000 or (y) such amount is greater than $5,000,000, the Unallocated Contingency Balance equals or exceeds the amount required to bring the Main Project Budget In Balance.
The Unallocated Contingency Balance shall equal or exceed the Required Minimum Contingency and the Available Funds shall equal or exceed the Remaining Costs as determined by the Administrative Agent and the Construction Consultant.
Without the prior written consent of the Administrative Agent, the Borrowers shall not allocate amounts of the Unallocated Contingency Balance to other Line Items in the Construction Component of the Budget if such allocation causes the remaining Unallocated Contingency Balance to be less than the Required Minimum Contingency.
The failure, from time to time, of (a) Available Funds to equal or exceed the Remaining Costs or (b) the Unallocated Contingency Balance to equal or exceed the Required Minimum Contingency, if such failure shall continue for 30 days without being cured.
The failure, for 30 consecutive days, of the Company to submit an Advance Request which is approved, unless the Company demonstrates to the reasonable satisfaction of the Disbursement Agent after consultation with the Construction Consultant that (a) Available Funds equal or exceed the Remaining Costs and (b) the Unallocated Contingency Balance equals or exceeds the Required Minimum Contingency.
The Unallocated Contingency Balance shall equal or exceed the Required Minimum Contingency and after giving effect to the requested Advance, the Available Funds shall equal or exceed the Remaining Costs.
As of each Representation Date, the Unallocated Contingency Balance equals or exceeds the Required Minimum Contingency and, after giving effect to any Interim Loan Advance proposed to be made as of such Representation Date, the Available Funds equal or exceed the Remaining Costs.
As of each Advance Date (a) the Unallocated Contingency Balance equals or exceeds the Required Minimum Contingency and (b) after giving effect to the requested Advance, the Available Funds equal or exceed the Remaining Costs.

More Definitions of Unallocated Contingency Balance

Unallocated Contingency Balance means an amount equal to (x) the Required Minimum Contingency amount minus (y) contingency amounts allocated to Line Items for Project Costs in the Construction Component of the Budget in the discretion of the Borrowers, provided that the Unallocated Contingency Balance is not less than the Required Minimum Contingency after such allocations are taken into account; plus (z) the difference between the budgeted amount for a Line Item in the Construction Component of the Budget and the actual Project Cost for such Line Item, if the Borrowers elect to allocate such difference to the Unallocated Contingency Balance.

Unallocated Contingency Balance means, from time to time, the amount of the "unallocated contingency" Line Item set forth in the Project Budget then in effect (a) increased by the aggregate of all negative variances (other than for Bovis Line Items) listed in column 8 of the Summary Anticipated Cost Report then in effect, (b) decreased by the aggregate of all positive variances (other than for Bovis Line Items) listed in column 8 of the Summary Anticipated Cost Report then in effect, (c) increased by the negative amount, if any, of the Bovis Balance, and (d) decreased by the positive amount, if any, of the Bovis Balance.

Unallocated Contingency Balance. Required Minimum Contingency," "Available Funds" and "Remaining Costs" are defined in the Disbursement Agreement.

Unallocated Contingency Balance means, as of any date, the amount of the "unallocated contingency" Line Item set forth in the Project Budget as in effect on such date (a) increased by the aggregate of all negative variances (other than for Bovis Line Items) listed in column 8 of the Summary Anticipated Cost Report in effect on such date, (b) decreased by the aggregate of all positive variances (other than for Bovis Line Items) listed in column 8 of the Summary Anticipated Cost Report in effect on such date, (c) increased by the negative amount, if any, of the Bovis Balance, and (d) decreased by the positive amount, if any, of the Bovis Balance.