Permitted Costs Sample Clauses

Permitted Costs. Advances under the Borrowing Base shall be made available by the Lenders pursuant to a Borrowing Base Report issued quarterly by the Administrative Agent or more frequently in the Administrative Agent's discretion and certified by the Borrowers in accordance with the terms of this Agreement. That portion of the Borrowing Base composed of Costs Incurred to Date shall be related to expenditures for each Eligible Facility described in the applicable Total Development Budget. Each Total Development Budget may include the cost of (i) the acquisition by the Borrowers of the Land which is the site of such Facility, (ii) the construction on the Premises of a Facility containing residential units and common facilities (iii) marketing, staffing and similar pre-opening expenses and (iv) an Operating Reserve. Unless otherwise agreed to by the Administrative Agent and to the extent specifically permitted by the Administrative Agent, the process of verification of Requisitions shall confirm the payment by any of the Borrowers of the following costs and expenses related to the development of the Premises and the construction of the Improvements and no others may be included in a Total Development Budget: (i) the payment of interest when due without further authorization or consent of the Borrowers; (ii) the actual cost of the Land and all labor, services, materials, supervision, construction fees and the like reasonably incurred by any of the Borrowers in connection with the construction upon the Land of the Improvements in accordance with the Plans and Specifications; (iii) for the actual cost of pre-opening expenses, marketing expenses and operations of the Facility to the extent of operating deficits; (iv) for the actual cost of commitment fees, extension fees, appraisal fees, closing or settlement costs, fees of attorneys, engineers, architects and accountants, insurance and bond premiums, ad valorem real estate taxes and other costs directly related to the development of the Land and the construction, marketing, initial start-up operating of the Improvements and (v) for the Development Fee and other pre-opening fees.

Permitted Costs. 2.1 The following will be considered to be permitted costs under this Agreement: (a) Direct service management (salaries, pension, NI); (b) Direct support staff (salaries, pension, NI); (c) Training for direct support staff only; (d) Travel for direct support staff only; (e) Mobile phone costs for direct support staff only; (f) Other direct support costs as set out in each Provider Participants’ Part 5 Pricing Schedule and subject to the Commissioner’s agreement to the inclusion of said costs;

Permitted Costs. 8 --------------- Section 2.03. Requisitions Demonstrating Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 ----------------------------------- Section 2.04. Conditions Precedent to Facility Closing and Addition of Deeds of Trust . . . . . . . . . . . . . 9 ----------------------------------------------------------------------- Section 2.05. Conditions Precedent to Determining Availability Under Borrowing Base . . . . . . . . . . . . . . 14 ---------------------------------------------------------------------

Permitted Costs. 28 Section 2.8 Requisitions Demonstrating Expenses...........................................................28 Section 2.9 Co-Borrower Obligations.....................................................................29 Section 2.10 Agreement Among Borrowers....................................................................30 Section 2.11 Benefits to Borrowers........................................................................31 Section 2.12 Guaranty.....................................................................................31 ARTICLE III......................................................................................................34

Permitted Costs. 28 Section 2.8 Requisitions Demonstrating Expenses................................................................29 Section 2.9 Co-Borrower Obligations............................................................................30 Section 2.10 Agreement Among Borrowers..........................................................................31 Section 2.11 Benefits to Borrowers..............................................................................31 Section 2.12 Guaranty...........................................................................................32 ARTICLE III.............................................................................................................35 COLLATERAL..........................................................................................................35 Section 3.1 Collateral.........................................................................................35 Section 3.2 Eligible Projects..................................................................................35 Section 3.3 Assignment of Partnership Interests................................................................36 Section 3.4 Guaranties.........................................................................................36 Section 3.5 Collateral for Obligations.........................................................................36 Section 3.6 Costs..............................................................................................36 ARTICLE IV..............................................................................................................37