Updated Project Budget Sample Clauses

Updated Project Budget. Designer shall use its Preliminary Project Budget and expertise and experience with the Project to establish an updated estimate of probable construction costs, containing detail consistent with the Design Development Documents as set forth herein and containing a breakdown based on types of materials and specifications identified herein (“Designer’s Updated Project Budget”).
View SourceView Similar (8)
Updated Project Budget. The Lenders shall have received an Updated Project Budget. The Updated Project Budget shall be deemed approved and become the Approved Project Budget so long as the aggregate amount of the anticipated aggregate Project Costs (including any existing or projected Cost Overruns and the contingency set forth in the Approved Project Budget provided to the Lenders on the Closing Date) for the Renewable Diesel Conversion is equal to or less than an amount equal to 115% of the Project Costs (including the contingency amount) set forth in the Approved Project Budget provided to the Lenders on the Closing Date. In the event that such Updated Project Budget shall not be deemed approved as provided in the immediately preceding sentence, such Updated Project Budget shall be subject to the reasonable approval of the Required Lenders, such approval not to be unreasonably withheld, conditioned or delayed. Failure by the Required Lenders to approve or disapprove any such Updated Project Budget within fourteen (14) days after receipt thereof shall be deemed to be an approval by the Required Lenders of such draft as the Approved Project Budget.
View Source
Updated Project Budget. Prepare, review and analyze design plans, construction drawings and cost estimates to confirm whether cost estimates are accurate at the completion of design development. The construction cost estimate will include line items, unit prices and lump sums in sufficient detail to assist CADA in determining areas of potential cost savings and the overall constructability of the Project. Include a construction contingency appropriate to the level of construction documentation. Contractor will meet with CADA staff at CADA's offices to review recommendations.
View Source
Updated Project Budget. Developer shall submit to City for approval the updated Project Budget. Prior to submitting Developer’s TCAC application for Carryover.
View Source
Updated Project Budget. Based on review of the items listed in this section, an update to the Project Budget, which shall be based upon executed Construction Contracts, Subcontracts or firm bids or estimates satisfactory to the Buyer and its Project Inspector.
View Source
Updated Project Budget. Developer shall submit to City for approval the updated Project Budget. At least thirty (30) days prior to the Closing.
View Source
Updated Project Budget. Lender shall have received an updated Project Budget, in form and substance reasonably approved by Lender, which indicates the Project Costs anticipated to complete the construction of the Project Improvements, after giving effect to Project Costs incurred during the period since the date of the Initial Project Advance, or the last preceding Project Advance Request, as applicable.
View Source
Updated Project Budget. Developer shall submit to City for approval the updated Project Budget.
View Source

Related to Updated Project Budget

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Approved Budget (a) On the last Thursday of each month after the Second Amendment Effective Time, on or before 12:00 pm (New York City time) on such Thursday, Administrative Borrower shall prepare and deliver to the Administrative Agent, for review and approval by the Required DDTL Approving Lenders, an updated week-by-week operating budget for the then subsequent month (each a “Budget” and, once approved as set forth below, the “Approved Budget”), which shall reflect Administrative Borrower’s good faith projection, for the Borrowers and their respective Restricted Subsidiaries, of (a) all weekly receipts (including from asset sales) and expenditures (including ordinary course operating expenses and any other fees and expenses related to the Loan Documents) in connection with the operation of their businesses, (b) weekly disbursements, and (c) net cash flow, in each case, for such month. The Budget delivered during the week of March 4, 2024 shall be the Approved Budget for March 2024. Together with delivery of the Budget, Administrative Borrower shall provide the Administrative Agent (for subsequent delivery to the Lenders) a variance report (“Variance Report”) in a form and substance reasonably acceptable to the Required DDTL Approving Lenders, comparing the actual receipts, disbursements, and net cash flow for such month through the immediately preceding week compared to the Approved Budget, both in dollar ($) and percentage (%) figures and an explanation of the variance. Each week promptly after the delivery of the Variance Report, the Borrower’s senior management and financial professionals shall review the Variance Report in detail during a telephonic conference with the Lenders. If the proposed Budget was timely delivered and contains the requisite information, the Lenders shall have until 2:00 p.m. (New York City Time) on the first Business Day of the following week to review any Budget after which time such Budget shall become an Approved Budget for all purposes hereunder; provided, no such Budget shall become an Approved Budget if reasonably objected to in writing (which may include e-mail) during the review period by the Administrative Agent (at the direction of the Required DDTL Approving Lenders) or Required DDTL Approving Lenders. (b) In the event that an event or circumstance occurs in between the monthly dates on which the Budgets are otherwise due pursuant to Section 6.24(a) which would make the then current Budget materially inaccurate, within two (2) Business Days of becoming aware of such event or circumstance, the Administrative Borrower shall provide notice of such event or circumstance to the Administrative Agent and the Lenders and promptly deliver a revised Budget reflecting the impact thereof. Without limiting the foregoing, the Budget shall be updated, modified or supplemented by the Administrative Borrower with the written consent of the Administrative Agent (at the direction of the Required DDTL Approving Lenders), and upon the request of the Administrative Agent (at the direction of the Required DDTL Approving Lenders) from time to time. (c) Each Budget delivered to the Administrative Agent and the Lenders shall be accompanied by such supporting documentation as reasonably requested by the Administrative Agent (at the direction of the Required DDTL Approving Lenders) and shall be prepared in good faith, with due care and based upon assumptions the Borrower believe to be reasonable. (d) Within one (1) Business Day of any Loan Party having knowledge of their occurrence or existence, Administrative Borrower shall provide the Administrative Agent and Lenders with written notice of any event or condition which is reasonably likely to entail expenditures of more than $100,000 which is not included in the Approved Budget (including, but not limited, on account of an accident, environmental event or other unanticipated occurrence) or which would otherwise be reasonably likely to have a negative impact on the value of the Loan Parties’ and their Subsidiaries’ assets or future business prospects or a similar event.