Project Costs Generally. The overall costs of the Project generally include (a) the Pre-Development Expenses, (b) the Project Direct Costs, and (c) the Project Indirect Costs. As more particularly provided below:
Project Costs Generally. In consideration for the Developer's agreement to construct the Project, the Unified Government agrees to reimburse the Developer for Reimbursable Project Costs, subject to the Reimbursable Project Costs Cap, and subject to all of the terms and conditions of this Agreement, including the pre-conditions for reimbursement as set forth herein. The Parties anticipate that the Developer will be reimbursed on a Pay As You Go basis as further set forth in this Agreement. Though neither party has given the other any assurances or guarantees regarding the Real Property Tax Revenues or reimbursements to be paid pursuant to the terms of this Agreement, the parties hereby agree that the Reimbursable Project Costs Cap and the incentives set forth herein were based upon the estimated reimbursable project costs set forth in Exhibit F, attached hereto.
