Total Development Cost. With regard to any Company Real Property acquired prior to or during the development or acquisition stages, all costs and expenses paid or incurred by the Company that are in any way related to the development of such Real Property, including, but not limited to, land and construction costs. Total Operating Expenses. All costs and expenses paid or incurred by the Company, as determined under generally accepted accounting principles, that are in any way related to the operation of the Company or to corporate business, including asset management fees and other fees paid to Advisors, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and Listing, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines; (vi) Acquisition Fees and Acquisition Expenses, (vii) real estate commissions on the Sale of Real Property, and (viii) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgage loans or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair, and improvement of property). The definition of “Total Operating Expenses” set forth above is intended to encompass only those expenses which are required to be treated as Total Operating Expenses under the NASAA REIT Guidelines. As a result, and notwithstanding the definition set forth above, any expense of the Company which is not part of Total Operating Expenses under the NASAA REIT Guidelines shall not be treated as part of Total Operating Expenses for purposes hereof.
Total Development Cost. With regard to any Property acquired by the Company prior to or during the development or acquisition stages, all costs and expenses paid or incurred by the Company that are in any way related to the development or redevelopment of such Property, including, but not limited to, land and construction costs.
Total Development Cost. With regard to any Property acquired by the Company prior to or during the development or acquisition stages, all costs and expenses paid or incurred by the Company that are in any way related to the development of such Property, including, but not limited to, land and construction costs. TRIPLE NET. Triple Net Properties, LLC, a Virginia limited liability company. 2%/25% GUIDELINES. The requirement pursuant to the NASAA Guidelines that, in any twelve (12)-month period, total Operating Expenses not exceed the greater of two percent (2%) of the Company's Average Invested Assets during such twelve (12)-month period or twenty-five percent (25%) of the Company's Net Income over the same twelve (12)-month period.
Total Development Cost. 10 1.73 Total ROA Base Costs.......................................10 1.74
Total Development Cost. 10 1.50 Working Capita1 Loans . . . . . . . . . . . . . . . . . . . . . 11
Total Development Cost. Total Development Cost" means the aggregate development cost of a Facility as reflected in the construction and development budget that is part of the Business Plan for such Facility, including the fees and expenses described in Sections 3.9.1 and 3.9.2 for such Facility and the value of the services described in Section 3.9.3 for such Facility.
Total Development Cost. Nothing shall have come to the attention of Developer and/or City to indicate that the Development cannot be completed at a cost consistent with the Development budget set forth in the approved Final Financing Plan as updated by the Closing Financing Plan, and, if there has been such an indication, Developer has provided evidence, reasonably satisfactory to City, of the availability of funding sources other than City to complete the Development. If Developer becomes aware of any such information, Developer shall promptly give notice thereof to City.
Total Development Cost. Nothing shall have come to the attention of Developer and/or City to indicate that the Development cannot be completed at a cost consistent with the Development budget set forth in the approved Final Financing Plan as updated by the Closing Financing Plan.
Total Development Cost. The parties estimate that the cost of the development of the Site by Developer will be approximately $4,973,818 to be provided as follows in Section 2 of this Method of Financing.
Total Development Cost. The Total Development Cost with respect to the Leased Property, for purposes of calculating Annual Fixed Rent, is an amount equal to five million six hundred thirteen thousand eight hundred ninety three and 00/100 Dollars ($5,613,893.00).
