Statement Regarding Costs Sample Clauses

Statement Regarding Costs. A statement reflecting (i) the aggregate costs of all labor, materials, equipment and fixtures incurred and to be incurred, trade by trade, which are necessary for completion of construction of the Improvements prepared by the Construction Agent and (ii) certain costs (other than as described in the immediately preceding clause) of completion of the Improvements, including apportioned amounts of architects', engineers', interest on and recording taxes and title charges in respect of project loan mortgages, real estate taxes, water and sewer rents, survey costs, loan commitment fees, insurance and bond premiums and other non-construction costs as are part of the "cost of improvement", prepared by the Construction Agent.