Allowed Costs. Estimates for lump sum quotations and accounting for time-and- material work shall be limited to direct expenditures necessitated specifically by the change and shall be segregated as follows:
Allowed Costs any costs incurred and actually paid by Owner or its agents after closing under the Agreement to third parties that are not affiliates of Buyer or the Owner relating to the design, development, construction, or permitting of the Screen, whether hard or soft costs, but excluding costs of ordinary maintenance of the Screen, fees paid to affiliates of Buyer or the Owner, and overhead expenses of Buyer or the Owner or their respective affiliates, and further excluding any costs that are incurred after the initial construction of the Screen is completed or Clean Site Conditions have been satisfied.
Allowed Costs. The term “Allowed Costs” means the total of the following: (i) the funds required to repay the loan secured by the Senior Lender’s Deed of Trust described in Section 15 below (except for any late charges, penalties or default interest owed due to Owner’s failure to make payments thereunder); (ii) the funds required to repay any other secured real property loans encumbering the Property that have been expressly approved by DDS (except for any late charges, penalties or default interest owed due to Owner’s failure to make payments thereunder); and (iii) Owner’s documented and reasonable out-of-pocket costs related to the Conveyance (including escrow fees, title fees, attorneys’ fees, brokerage fees, closing costs and other reasonable costs paid to third parties).
