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, Xxxxxx'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 Xxxxxx and reasonably approved by the City from time to time.
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Approved Development Costs has the meaning given to such term in Section 6.1(c).
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Examples of Approved Development Costs in a sentence

  • 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.


More Definitions of Approved Development Costs

Approved Development Costs means any of the acquisition and developments costs identified on Exhibit CC attached hereto.
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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. *** Exhibit CC-1 EXHIBIT DD FORM OF SUBSEQUENT OPERATING PLAN (Attached) Exhibit DD-1 SUBSEQUENT OPERATING PLAN *The Subsequent Operating Plans will also include operating budgets on a monthly basis with operating data EXHIBIT EE PGGM EXCLUSIONS POLICY (Attached) Exhibit EE-1 EXHIBIT FF PGGM RESPONSIBLE INVESTMENT POLICY FOR REAL ESTATE (Attached) Exhibit FF-1 Exhibit FF-2 Exhibit FF-3 Exhibit FF-4 Exhibit FF-5 EXHIBIT GG INTENTIONALLY DELETED Exhibit GG-1 EXHIBIT HH PGGM REPORTING GUIDELINES (Attached) Exhibit HH-1 Exhibit HH-2 Exhibit HH-3 Exhibit HH-6 Exhibit HH-7
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Approved Development Costs shall have the meaning set forth in the Development Services Agreement.
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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:
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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.
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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.
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Related to Approved Development Costs

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Proved Developed Reserves means oil and gas reserves that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and one of the following: (a) “Developed Producing Reserves” or (b) “Developed Non-Producing Reserves.”

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • Annual Work Plan and Budget means the work plan and budget prepared annually by the Recipient and approved by the Association in accordance with Section I.C of Schedule 2 to this Agreement; “Annual Work Plans and Budgets” means more than one such Annual Work Plan and Budget.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Approved Budget means an annual budget-

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Development Project means a project for the development of land within a project area.

  • Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.