Common use of Preliminary Costs Clause in Contracts

Preliminary Costs. The City and the Developer hereby acknowledge that, pursuant to the Preliminary Funding Agreement, the Developer is responsible for funding certain costs incurred by the City in connection with the preparation of the Plan and the negotiation and preparation of this Agreement (including, without limitation, attorney and consultant fees). To the extent that payment is not already provided by the terms of the Preliminary Funding Agreement, the Developer shall pay, upon receipt of an invoice from the City and supporting documentation consistent with the requirements of the Section 2 of the Preliminary Funding Agreement, any costs incurred by the City related to the negotiation, preparation or review of any document related to the development, financing or refinancing of any portion of the Project (including, without limitation, Bond Documents, estoppels, consents and attornment agreements).