Examples of Approved Closing Costs in a sentence
As used herein "Net Sales Profits" shall mean the "Gross Sales Refinancing Proceeds" (as hereinafter defined) from the sale or refinancing of the Property minus the sums of (a) "Approved Closing Costs" (as hereinafter defined) and (b) "Approved Deductions" (as hereinafter defined).
Upon the sale or refinance of the Property, one hundred percent (100%) of the Net Sale Proceeds (the term "Net Sales Proceeds" shall mean Gross Sale Proceeds less Approved Closing Costs) shall be applied as follows: First, to prepay the principal, interest, and other indebtedness outstanding under the Loan Documents, except for Additional Interest, in such manner and in such order as the Beneficiary, in its sole discretion, may determine.
Borrower shall have deposited the PIP Reserve Amount, the Acquisition Equity Amount and the Approved Closing Costs with the depository designated by the Trustee.
The total purchase price ("Purchase Price") of the Properties shall be the sum of (i) $759,613,641.00, representing the sales price for all the properties as set forth on Exhibit B attached hereto and (ii) the Approved Closing Costs.
The total purchase price ("Purchase Price") of the Properties shall be the sum of (i) $710,801,910, representing the net book value for each Property ("NBV") as set forth on Exhibit A attached hereto less any depreciation taken by Seller from the date of such NBV on Exhibit A and February 28, 2003, as such NBV may be adjusted from time to time pursuant to Section 2(b) (the "NBV Purchase Price") and (ii) the Approved Closing Costs.