Acquisition and Development Costs definition

Acquisition and Development Costs means the total cost of acquiring the Property and developing and constructing the Improvements thereon, as set forth in the Project Budget, including Eligible Predevelopment Costs, and subject to the limitations set forth in the Method of Financing (Attachment. No. 3). The phrase “Acquisition and Development Costs” expressly excludes (i) any damages or other monetary remedies awarded against Developer in any court judgment, arbitration award, or settlement related to any dispute involving financing or construction of the Project and (ii) any legal expenses, court costs, and similar expenses incurred by Developer in connection with any dispute involving financing or construction of the Project.

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Acquisition and Development Costs means the total cost of leasing the Property and developing and constructing the Improvements, as set forth in the Project Budget

Acquisition and Development Costs. Section 1.5(b)(i)

Examples of Acquisition and Development Costs in a sentence

To the extent that the sum of the Sources of Financing described in Section 2.1 above, is insufficient to pay all Acquisition and Development Costs, Developer shall demonstrate the availability prior to the Closing of increased Developer's Equity at least equal to the shortfall.
The amount of the City Loan shall be finalized after the Mayor approves all Sources of Financing and uses of Acquisition and Development Costs set forth in the Project Budget (Attachment No. 7), in accordance with the Schedule of Performance (Attachment No. 5).
Developer shall have delivered to the City final revisions to the Project Budget (Attachment No. 7 to the DDA), which have been approved by the Mayor, demonstrating to the satisfaction of the City the availability of sufficient funds to pay all Acquisition and Development Costs (“Final Project Budget”).
The parties anticipate that all Acquisition and Development Costs shall be as set forth in the Project Budget (Attachment No. 7 to the DDA), incorporated herein by this reference.
The proceeds of the City Loan shall be used exclusively to pay Acquisition and Development Costs for the Affordable Units as identified in the Project Budget (Attachment No. 7) and reasonably approved by the Mayor.
Notwithstanding Section 317, upon and after the Closing, Developer shall have the right to encumber the Property with one or more Senior Loan Deeds of Trust, but only for the purpose of securing loans of funds to be used for financing and refinancing the Acquisition and Development Costs and other expenditures necessary and appropriate to develop the Property under this Agreement, consistent with the amounts to be financed by Developer per the Method of Financing (“Permitted Financing Purposes”).
It is anticipated that before the Closing there may be minor changes in the estimated amounts of Acquisition and Development Costs, Sources of Financing, or other figures presently reflected in the Project Budget.
The sum of the Sources of Financing described in Section 2.1, above, shall be sufficient at all times to pay all Acquisition and Development Costs as set forth in the most recently approved Project Budget, and the sum of the permanent Sources of Financing described in Section 2.2, above, shall be at least equal at all times to the sum of the construction Sources of Financing plus all other Acquisition and Development Costs.
The sum of the Sources of Financing described in Section 2 above shall be sufficient at all times to pay all Acquisition and Development Costs as set forth in the most recently approved Project Budget.
Developer shall have delivered to the County final revisions to the Project Budget, which have been approved by the County, demonstrating to the satisfaction of the County the availability of sufficient funds to pay all Acquisition and Development Costs (“Final Project Budget”).

More Definitions of Acquisition and Development Costs

Acquisition and Development Costs means the sum of (a) purchase price, whether cash or credit, paid, or for which Owner is obligated to pay (if on credit), for the Property, together with all closing costs paid by Owner, including title insurance, recordation charges, registration and transfer taxes, if any, and similar expenses, and to the extent reflected on the closing statement executed by Owner in connection with the acquisition of the Property, all fees and expenses paid or incurred by or on behalf of Owner in connection with the acquisition of the Property, including legal, engineering and consulting fees, any real estate commissions or brokerage fees paid by Owner, or on behalf of Owner, to anyone in connection with such acquisition (the "Acquisition Costs") and (b) all costs and expenses incurred by Owner in connection with development and marketing of the Property, including, without limitation, engineering, legal, land planning and related expenses (the "Development Costs").

Acquisition and Development Costs means the total cost of acquiring the Property and developing and constructing the Improvements thereon, as set forth in the Project Budget, and subject to the limitations set forth in the Method of Financing (Attachment No. 4). The phrase “Acquisition and Development Costs” expressly excludes: (1) any damages or other monetary remedies awarded against Developer in any court judgment, arbitration award, or settlement related to any dispute involving financing or construction of the Project; and (2) any legal expenses, court costs, and similar expenses incurred by Developer in connection with any dispute involving financing or construction of the Project.

Acquisition and Development Costs expressly excludes: (1) any damages or other monetary remedies awarded against Developer in any court judgment, arbitration award, or settlement related to any dispute involving financing or construction of the Project; and (2) any legal expenses, court costs, and similar expenses incurred by Developer in connection with any dispute involving financing or construction of the Project.

Acquisition and Development Costs means costs of the development of the Property and the construction of the improvements thereon in accordance with the DDA.

Acquisition and Development Costs means the total cost of acquiring the Property, entitling, designing, engineering, developing and constructing the Improvements thereon, and stabilizing the Project to a break-even level of operations, as set forth in the Project Budget, and subject to the limitations set forth in the Method of Financing (Attachment No. 4). The term “Acquisition and Development Costs” expressly excludes: (1) any damages or other monetary remedies awarded against Developer in any court judgment, arbitration award, or settlement related to any dispute involving financing or construction of the Project; and (2) any legal expenses, court costs, and similar expenses incurred by Developer in connection with any dispute involving financing or construction of the Project.