Allowable Development Costs. “Allowable Development Costs” means, collectively, the costs and expenses associated with the acquisition, development, construction, ownership, operation and maintenance of the Project through Completion to the extent provided in a line item included in the Project Budget, including, without limitation, interest, real estate taxes, marketing and other operating costs and expenses of the Project. Income from the Property received prior to the Completion Date shall be used only to pay Allowable Development Costs.
Appears in 4 contracts
Samples: Development Agreement, Development Agreement (Global Growth Trust, Inc.), Development Agreement (Global Growth Trust, Inc.)
