Construction Costs and Fees Sample Clauses

Construction Costs and Fees. Borrower represents that the total construction costs, together with Related Costs (as hereinafter defined), shall not exceed Twenty-Six Million Eight Hundred Ninety-Three Thousand Eight Hundred Sixty-Seven ($26,893,867.00) Dollars, as more particularly set forth in the Cost Budget. Borrower acknowledges and agrees that the Loan Amount does not constitute adequate funds to complete construction of the Improvements. Borrower further acknowledges and agrees that Lender shall not be obligated to fund any amounts in excess of the Loan Amount. Before the first request for a Loan Advance, Borrower shall furnish sworn statements, waivers of lien and other assurances of payment as Lender may require and acceptable to the title company insuring the Loan, evidencing payment of all costs heretofore paid including the Borrower's equity described on Exhibit B. Related Costs of the Project shall include: (1) premiums for title, casualty and other insurance required by Lender; (2) the cost of recording and filing Loan Documents and any tax levied upon such filing; (3) real estate taxes and other assessments which Borrower is obligated to pay; (4) fees and disbursements of Lender's counsel and architect, if any; and (5) interest and other costs and charges payable by Borrower to Lender or the mortgagee under the permanent loan commitment, as they become due and payable. Lender may advance to or on behalf of Borrower amounts payable as Related Costs to the extent costs have accrued. Borrower shall deliver to Lender acceptable receipts showing payment of these items.
Sample 1
Construction Costs and Fees. Borrower represents that the total construction costs, together with Related Costs (as hereinafter defined), shall not exceed Fourteen Thousand Nine Hundred Thirty Two Hundred Seventy-Nine ($14,930,279.00) Dollars, as more particularly set forth in the Cost Budget and that prior to the first request for advance by it hereunder, it will have paid Borrower's equity set forth on Exhibit B in the amount of Nine Hundred Thirty Thousand Two Hundred Seventy-Nine ($930,279.00) Dollars. Borrower acknowledges and agrees that the Loan Amount does not constitute adequate funds to complete construction of the Improvements. Borrower further acknowledges and agrees that Lender shall not be obligated to fund any amounts in excess of the Loan Amount. Prior to such first request for advance, Borrower shall furnish such sworn statements, waivers of lien and other assurances of payment as Lender may require and acceptable to the title company insuring the Loan, evidencing payment of all such costs heretofore paid including the Borrower's equity described above and on Exhibit B. Related Costs of the Project shall include: (1) premiums for title, casualty and other insurance required by Lender; (2) the cost of recording and filing Loan Documents and any tax levied upon such filing; (3) real estate taxes and other assessments which Borrower is obligated to pay; (4) fees and disbursements of Lender's counsel and architect, if any; and (5) interest and other costs and charges payable by Borrower to Lender or the mortgagee under the permanent loan commitment, as they become due and payable. Lender may advance to or on behalf of Borrower amounts payable as Related Costs to the extent such costs have accrued. In every such event, Borrower shall deliver to Lender acceptable receipts showing payment of said items.
Sample 1

Related to Construction Costs and Fees

  • Construction Costs Under no circumstances shall the Consultant be liable for extra costs or other consequences due to unknown conditions or related to the failure of contractors to perform work in accordance with the plans and specifications. Consultant shall have no liability whatsoever for any costs arising out of the Client’s decision to obtain bids or proceed with construction before the Consultant has issued final, fully-approved plans and specifications. The Client acknowledges that all preliminary plans are subject to substantial revision until plans are fully approved and all permits obtained.

  • Construction Cost 3.1. Construction Cost does not include the fees of the ARCHITECT/ENGINEER and consultants, the cost of the land, rights- of-way, or other costs, which is the responsibility of the State as provided in Paragraphs 2.2 through 2.3. or any of the contingencies available for the project unless specifically stated otherwise. 3.2. Labor furnished by the State for the Project, however, with respect only to the construction of such components thereof as have been designed by the ARCHITECT/ENGINEER, shall be included in the Construction Cost at current market rates. Materials and equipment furnished by the State shall be included at current market prices, except that used materials and equipment shall be included as if purchased new for the Project.

  • Construction Cost Budget The total cost to District of all elements of the Project designed or specified by the Architect, as adjusted during and at the end of the design phase in accordance with this Agreement and the Agreement for Architectural Services. The Construction Cost Budget does not include the compensation of the Project Design Team, the Program Manager (if any), the Construction Manager and any subconsultants, the cost of the land, rights-of-way, or financing which are the responsibility of the District.

  • Costs and Fees To the extent allowed by applicable law, in the event we bring an action against you because of your violation of this Lease, we can recover all costs or fees involved, including reasonable attorneys’ fees, as part of any judgment. The provisions of this Section shall survive expiration or earlier termination of this Lease.

  • Litigation Costs If any legal action or other proceeding is brought for the enforcement of this Agreement or to remedy its breach, the prevailing party in such action or proceeding shall be entitled to recover its actual attorney's fees and other costs incurred in the action or proceeding, in addition to such other relief to which it may be entitled.

  • Costs, Expenses and Fees (a) Clause 11.11 (Transaction Costs) of the Amended Facility Agreement applies to this Agreement as if it were expressly incorporated in it with any necessary modifications. (b) The Borrower shall pay to the Agent (for the account of each Lender) such fees in the amount and at the times specified in the relevant November 2023 Fee Letters.

  • Modification Costs Developer shall not be assigned the costs of any additions, modifications, or replacements that Connecting Transmission Owner makes to the Connecting Transmission Owner’s Attachment Facilities or the New York State Transmission System to facilitate the interconnection of a third party to the Connecting Transmission Owner’s Attachment Facilities or the New York State Transmission System, or to provide Transmission Service to a third party under the NYISO OATT, except in accordance with the cost allocation procedures in Attachment S of the NYISO OATT. Developer shall be responsible for the costs of any additions, modifications, or replacements to the Developer Attachment Facilities that may be necessary to maintain or upgrade such Developer Attachment Facilities consistent with Applicable Laws and Regulations, Applicable Reliability Standards or Good Utility Practice.

  • Payment of Costs and Fees The Borrower shall pay to the Administrative Agent all reasonable costs, out-of-pocket expenses, and fees and charges of every kind in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents and instruments relating hereto (which costs include, without limitation, the reasonable fees and expenses of any attorneys retained by the Administrative Agent) to the extent provided in Section 10.5 of the Credit Agreement.

  • Collection Costs In the event collection efforts are required to obtain payment on this Account, to the extent permitted by law, You agree to pay all court costs, private process server fees, investigation fees or other costs incurred in collection and reasonable attorneys' fees incurred in the course of collecting any amounts owed under this Agreement or in the recovery of any Collateral.

  • Transaction Costs Borrower shall have paid or reimbursed Lender for all title insurance premiums, recording and filing fees or taxes, costs of environmental reports, Physical Conditions Reports, appraisals and other reports, the fees and costs of Lender's counsel and all other third party out-of-pocket expenses incurred in connection with the origination of the Loan.