Hard Costs. The total Budgeted Project Costs, excluding land cost, Soft Costs, any transfer taxes and customary fees payable to local jurisdictions associated with selling the land and any other fees payable to HSRE, Campus Crest or their Affiliates.
Hard Costs. The actual costs of goods, services, and materials incurred by the Advisor, including: (i) mobile phones and personal communication costs; (ii) travel and hotel expenses; (iii) meals and entertainment; (iv) conference fees and related charges; (v) employee recruiting fees; (vi) employee relocation costs; (vii) employee gifts and other; (viii) contract labor; (ix) education and training; (x) dues, subscriptions and licenses; (xi) office supplies; (xii) printing costs; (xiii) computer accessories and software and licensing costs; (xiv) postage, shipping and courier expenses.
Hard Costs. The actual costs of goods, services, and materials incurred for the benefit of the Company, including: (1) mobile phones and personal communication costs; (2) travel and hotel expenses; (3) meals and entertainment; (4) conference fees and related charges; (5) employee recruiting fees; (6) employee relocation costs; (7) employee gifts and other; (8) contract labor; (9) education and training; (10) dues, subscriptions and licenses; (11) office supplies; (12) printing costs; (13) computer accessories and software and licensing costs; (14) postage, shipping and courier expenses. Generally, hard costs are considered attributable to an entire department (such as the cost of office supplies) and are allocated using the same allocation metric used for the department’s Fully Burdened Costs (e.g. time logs). In certain circumstances, hard costs attributable to specific personnel such as mobile phones are allocated based upon the same allocation metric as the individual’s Fully Burdened Costs.
Hard Costs. The actual costs of goods, services, and materials incurred by the Advisor, including: (1) mobile phones and personal communication costs; (2) travel and hotel expenses; (3) meals and entertainment; (4) conference fees and related charges; (5) employee recruiting fees; (6) employee relocation costs; (7) employee gifts and other; (8) contract labor; (9) education and training; (10) dues, subscriptions and licenses; (11) office supplies; (12) printing costs; (13) computer accessories and software and licensing costs; (14) postage, shipping and courier expenses.
Hard Costs. A detailed estimate of the impact on Project cost of the recommendation, if accepted and implemented by the District.
Hard Costs. The actual direct costs of the development and construction of the Project together with such additional costs of the Project deemed to create value and which are typically capitalized in accordance with GAAP (as the same may be approved by Agent in its commercially reasonable discretion).
Hard Costs. Advances for Hard Costs shall be limited to the amount actually payable to the Contractor under the Construction Contract (including, without limitation, the provisions therein for the withholding and payment of retainage). Advances for the payment of retainage to the Contractor are subject to the provisions of Section 2.11.
Hard Costs. In the case of hard costs which are Building Loan Costs and to the extent same are included in the Budget (exclusive of items in the Budget designated as being funded from the Equity Contribution), Administrative Agent shall fund an amount which, when added by the portion thereof funded by Senior Lenders, shall be equal to (a) 90% (subject to Section 1.4 below) of the hard costs included in such Building Loan Costs, on a line item basis for the particular portion of the Improvements for which Loan proceeds are sought, multiplied by the percentage of completion then attained for each such line item category for said portion of the Improvements, as reasonably determined from time to time by Administrative Agent’s Engineer (in a manner consistent with the approval of Senior Administrative Agent), less amounts previously advanced for such hard costs. In making its determinations as provided above, it is understood and agreed that Administrative Agent’s Engineer will analyze the percentage of completion of the work in place (in a manner consistent with the review made by Senior Administrative Agent) on an individual line item basis by reference to the Budget and the trade cost breakdown last approved by Administrative Agent (exclusive of items in the Budget designated as being funded from the Equity Contribution), and/or (b) up to $500,000.00 required to be deposited under a Subcontract and no more than $1,500,000.00, in the aggregate, at any time. In addition, Administrative Agent or Administrative Agent’s Engineer may disapprove the amount or any portion thereof requested for any work if it shall reasonably deem such work not to be substantially in accordance with the Plans or inferior in quality in any material respect, or, if applicable, if such work is not acceptable to any Governmental Authority or Local Authority whose approval of such work is required. The percentage of completion of construction of the Improvements at any time shall be reasonably determined by Administrative Agent based on advice from Administrative Agent’s Engineer and, absent manifest error, Administrative Agent’s determination shall be final and binding on Borrower. Notwithstanding the foregoing, until such time as the Loan has been fully funded, any approved advance for hard costs hereunder shall be funded 50% by the Lender, and 50% by the Senior Lenders.
Hard Costs. With respect to the construction of any condominium development, Direct Costs less the cost of land at Fair Market Value and the amount of any contingency reserve in the construction budget for such condominium development. Hazardous Substances. See Section 6.21(b).
Hard Costs. All Construction Costs other than Soft Costs and land acquisition costs shown in the applicable Approved Budget.
