Pursuit Costs Defined Clause Samples

Pursuit Costs Defined. Various costs, including costs already incurred, in connection with pursuit of the acquisition of the Parcels in the Block and development of the Property, including, without limitation, legal fees, due diligence costs, inspection costs, travel costs, etc. (the “Pursuit Costs"), are included in the Development Budget attached as Exhibit B to the Project Administration Agreement ("Pursuit Cost"). The Members acknowledge and agree that each of them has paid prior to the date hereof certain Pursuit Costs.