Uncovered Cost of the Work definition

Uncovered Cost of the Work the amount equal to the excess (if any) of (a) the remaining unpaid cost of Completion of the Work over (b) the committed and undisbursed portion of the Development Loan and the remaining balance of any Required Completion Assurance Deposits held by Lender.
Uncovered Cost of the Work means the amount equal to the excess (if any) of (a) the remaining unpaid costs of Completion of the Work over (b) the committed and undisbursed portion of the Loan and any Required Completion Assurance Deposits held by Lender.
Uncovered Cost of the Work or "Uncovered Cost": with respect to the Work being financed in whole or in part under a Development Loan and covered by a line-item within the related Construction Budget, the amount equal to the excess (if any) of (a) the remaining unpaid cost of Completion of the Work covered by such line-item over (b) the undisbursed portion of the Development Loan committed for such Work and the remaining balance of any Required Completion Assurance Deposits held by Lender for such Work.

Examples of Uncovered Cost of the Work in a sentence

  • If the Loan has a Construction Component or a Renovation Component, Lender shall have no obligation to make any Advance if, after giving effect to such Advance, the sum of (i) the aggregate amount of all Advances, (ii) the committed and undisbursed portion of the Loan, and (iii) the Uncovered Cost of the Work exceeds the Maximum Loan Amount.

  • The sum of the Uncovered Cost of the Work for all Applicable Underlying Loans.

  • Lender shall have no obligation to make any Advance if after giving effect to the Advance the sum of (i) the unpaid principal balances of the Development Loan and the Receivables Loan, (ii) the committed and undisbursed portion of the Development Loan, and (iii) the Uncovered Cost of the Work exceeds Forty Million Dollars ($40,000,000).

  • Lender shall have no obligation to make a Work-Related Advance (including, without limitation, the initial Work-Related Advance) if the undisbursed portion of the Construction Loan (or, in reference to the initial Work-Related Advance, the full Construction Loan amount) is less than the remaining costs of Completion until Borrower has deposited with the Lender an amount equal to the estimated Uncovered Cost of the Work (the "Required Completion Deposit Assurances").


More Definitions of Uncovered Cost of the Work

Uncovered Cost of the Work at any time, the sum of the Uncovered Cost of the Construction Work Phases and the Uncovered Cost of the Renovation Work Phases.

Related to Uncovered Cost of the Work

  • Cost of the Work means those costs described in Paragraph 11.2.

  • Approved costs means the eligible costs or expenditures2 as approved by the Provider, and as defined in the Agreement or Decision on Grant Funding to carry out the Grant Project.

  • Cost of the Project means and embraces the cost of construction; the cost of all

  • Recovered Costs means any amounts referred to in clauses (d) and/or (e) of the definition of “Defaulted Mortgage Loan Purchase Price” that, at the time of determination, had been previously paid or reimbursed to any Servicer from sources other than collections on or in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation, from collections on or in respect of loans other than the Mortgage Loan).

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Cost of materials means the cost of components, parts or materials which are intended for the production, manufacturing or assembling of the goods bid for and which are not produced, manufactured or assembled in the factory where the production, manufacture or assembly of such goods occurs, including freight, landing costs, port charges, import duties and other import costs of such components, parts or materials and all costs in connection with the handling and transport thereof prior to delivery at that factory;

  • Generator Forced Outage means an immediate reduction in output or capacity or removal from service, in whole or in part, of a generating unit by reason of an Emergency or threatened Emergency, unanticipated failure, or other cause beyond the control of the owner or operator of the facility, as specified in the relevant portions of the PJM Manuals. A reduction in output or removal from service of a generating unit in response to changes in market conditions shall not constitute a Generator Forced Outage.

  • Related Costs means lodging and, if necessary, physical protection for the Covered Person during or while waiting for Transport to the Nearest Place of Safety. Related Costs will include temporary lodging, if necessary, while a Covered Person is waiting to be transported back to the Host Country, Home Country or other country where the Policyholder that sponsored the Covered Person’s Trip is located. Benefits will not be payable for Related Costs unless We (or Our authorized assistance provider) authorize in writing, or by an authorized electronic or telephonic means, all expenses in advance, and services are rendered by Our assistance provider.

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Routine patient care costs means Covered Medical Expenses which are typically provided absent a clinical trial and not otherwise excluded under the Policy. Routine patient care costs do not include:

  • Manufacturing Cost means ***

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.

  • Basket Component means each of the SPDR S&P 500 ETF Trust, iShares Russell 2000 Index Fund, iShares MSCI EAFE Index Fund, and iShares MSCI Emerging Markets Index Fund.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Cost of work , in table above, shall mean the agreement amount of the work.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Unscheduled Outage means an interruption resulting in reduction of the Availability of the Element(s) / Project (as the case may be) that is not a result of a Scheduled Outage or a Force Majeure Event.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Critical Component means, in respect of a weapons system referred to in the definition of Prohibited Defense Contract, a component used specifically in the production of the weapon system or plays a direct role in the lethality of the weapon system.

  • Critical Service Failure shall have the meaning given in paragraph 5.4 of the Order Form;

  • Public improvement costs means the costs of:

  • Standard Cost means any cost computed with the use of preestablished measures.