Approved Development Costs definition

Approved Development Costs has the meaning given it in the Work Letter attached hereto as Exhibit E.

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Approved Development Costs means the total cost of the development of Tenant's Improvements as reasonably estimated by Tenant, including, without limitation, construction costs, permitting and development costs, architectural and engineering fees, legal fees, Rent and other payments due or expenses to be incurred pursuant to this Lease, the Approvals or the Historic Monument Program Requirements, or financing fees, and interest expenses, all as evidenced by a certificate of Tenant supported by appropriate documentation (including, without limitation, Tenant's final itemized budget for Tenant's Improvements and the guaranteed maximum price or stipulated sum Construction Contract entered into by Tenant and its Contractor for Tenant's Improvements), and as set forth in the Project Budget, as the same may be updated by Tenant and reasonably approved by the City from time to time.

Approved Development Costs means the following types of acquisition and development costs set forth below that are included in the Investment Proposal for such New Project that has been approved by the Advisory Committee.

Examples of Approved Development Costs in a sentence

All actual costs included in the Development Budget as approved by Wynn Resorts and incurred during the Conceptual and Development Periods, including the direct costs of Calitri personnel, outside consultant and conceptors' fees and agreed upon indirect expenses shall be collectively referred to as the "Approved Development Costs", and shall be paid by Wynn Resorts.
All of such Approved Development Costs together with the Creation Fee and the Initial Development Expenses Payment shall be considered as the "New Shows Projects Production Costs".
In consideration of the services to be rendered by South Bay hereunder, Owner shall pay to South Bay an amount (“Development Fee”) equal to four percent (4%) of the total Approved Development Costs (hereinafter defined) of each Phase.
Calitri shall prepare and develop, in consultation with Wynn Resorts, a development costs budget to cover Approved Development Costs, and such "Development Budget" shall be jointly agreed to by Wynn Resorts and Calitri.

More Definitions of Approved Development Costs

Approved Development Costs means [•]13, representing amounts actually spent on developing the Project prior to Financial Close by any Affiliate of the Borrower or any other [Sponsor][Shareholder] and for which the Borrower has provided evidence in form and substance satisfactory to the Intercreditor Agent relating to the amounts paid, the recipients of the payments and the purposes of the payments.

Approved Development Costs means the development costs set forth in each Development Budget, specifically excluding land acquisition costs, as last approved prior to the commencement of construction of each Phase, plus any costs incurred due to a change in the scope of the development and construction of the Project requested or initiated by Owner, or due to upgrades in the scope (including those due to legal Requirements) approved by Owner and which were not necessitated by South Bay’s fault. The Development Fee shall be payable as follows:

Approved Development Costs shall have the meaning set forth in the Development Services Agreement.

Approved Development Costs shall include only costs associated with the initial acquisition and Buildout of the Project as indicated on the Project Plan for that Project, and not subsequent costs.

Approved Development Costs means any of the acquisition and developments costs identified on Exhibit CC attached hereto.

Approved Development Costs has the meaning given to such term in Section 6.1(c).