Approved Leasing Costs definition

Approved Leasing Costs has the meaning set forth in Section 2.13(a)(iv) hereof.
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Approved Leasing Costs means actual out-of-pocket expenses incurred by Borrower pursuant to or in connection with a Qualified Lease at (a) any Major Property which is the subject of a Wachovia Termination Event or (b) any other Property or Properties (not to exceed Thirty Dollars ($30) per net rentable square foot for each such other Property), including brokerage fees, costs for demising walls, free rent and Tenant Improvement Allowances, which expenses are (i) if in excess of the Project Cost Threshold, included in a Project Budget or otherwise approved by Agent in connection with Agent’s consent to the applicable Lease pursuant to Section 8.10(a) hereof, or (ii) incurred in the ordinary course of Borrower’s business and on market terms and conditions in connection with the applicable Lease if such Lease did not require Agent’s consent pursuant to Section 8.10(b), (c) or (d) hereof or the amount of which was below the Project Cost Threshold. To the extent that any Major Property which is the subject of a Wachovia Termination Event is thereafter either (x) the subject of a Release in accordance with Section 2.17 hereof, in which event, amounts on deposit in Wachovia Termination Payment Reserve Subaccount attributable to such Major Property shall be released to Borrower and at the direction of Borrower, applied to the applicable Release Price, or (y) the space at such Major Property that was the subject of the Wachovia Termination Event thereafter has been leased pursuant to one or more Qualified Leases, then any portion of the Wachovia Termination Payment applicable to such Property may be applied to Approved Leasing Costs at any other Property.
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Approved Leasing Costs means actual out-of-pocket Tenant Improvement Costs and Leasing Commissions incurred by a Subsidiary Owner in leasing space at a Collateral Property pursuant to a Lease, in each case, to the extent such expenses are on market terms and conditions or on such other terms and conditions as are approved by the Administrative Agent.
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Examples of Approved Leasing Costs in a sentence

  • Disbursements shall be received, held and used by Borrower to pay for Approved Leasing Costs.

  • During the existence of an Event of Default, Agent shall have the right (but no obligation) to make any or all Disbursements directly to contractors or any other Person to whom payment is due with respect to such Approved Leasing Costs.

  • Notwithstanding anything to the contrary contained above, Lender shall have the right, but not the obligation, in its sole and absolute discretion from time to time, to disburse funds deposited into the Cash Collateral Subaccount to Borrower for application to Approved Leasing Costs or capital expenditures approved by Lender, subject to such terms and conditions as Lender may require.

  • With respect to Disbursements for Approved Leasing Costs allocated from the Wachovia Termination Payment Reserve Subaccount, a Request for Disbursement shall be submitted to Agent by Borrower at least ten (10) Business Days prior to the date proposed for such Disbursement in the Request for Disbursement.

  • Agent shall direct the Depositary holding Cash Flow Collection Account to make Disbursements from the Wachovia Termination Payment Reserve Subaccount to Borrower from time to time for Approved Leasing Costs in accordance with the procedures established in Sections 3.2 and 3.3 hereof or as set forth in the definition of “Approved Leasing Costs” set forth in Section 1.1 hereof .


More Definitions of Approved Leasing Costs

Approved Leasing Costs means those leasing costs for new Leases executed in accordance with Section 5.7, pursuant to the Approved Future Funding Budget.
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Approved Leasing Costs has the meaning set forth in Section 6.5.
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Approved Leasing Costs means the Approved Gateway Leasing Costs and the Approved CCW Leasing Costs, as applicable to the reserved funds in question.
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Approved Leasing Costs means reasonable and customary leasing and brokerage commissions incurred in connection with, and any direct payments and work allowances paid or granted to or for the benefit of the subtenant under a sublease heretofore or hereafter entered into by the Citadel Lease Tenant with respect to the One X. Xxxxxx Space (as defined in the Purchase Agreement) (as heretofore or hereafter effectuated by PGRLP (or its predecessor-in-interest, as applicable) pursuant to the Asset Management Agreement) (excluding any direct payments or work allowances made or granted by the landlord of the One X. Xxxxxx Space).
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Approved Leasing Costs means out-of-pocket expenses which are actually incurred by Borrower, including, without limitation, any costs and expenses for Tenant Improvements, Tenant Allowances, Leasing Commissions, Capital Expenditures and other similar costs incurred to prepare space for occupancy by the applicable Tenant, architectural design costs, lease takeover/buyout costs related to inducing a Tenant to take space at the Property and the reasonable costs and expenses of Borrower in negotiating, preparing and executing the applicable Lease, in each case, in connection with, or pursuant to, Leases executed or renewed (or the space under an existing Lease is expanded) after the Closing Date in accordance with the terms of this Agreement and as set forth in and required by such Leases and brokerage agreements.
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Related to Approved Leasing Costs

  • Leasing Costs means, with respect to a particular Lease, all capital costs, expenses incurred for capital improvements, equipment, painting, decorating, partitioning and other items to satisfy the initial construction obligations of the landlord under such Lease (including any expenses incurred for architectural or engineering services in respect of the foregoing), “tenant allowances” in lieu of or as reimbursements for the foregoing items, payments made for purposes of satisfying or terminating the obligations of the tenant under such Lease to the landlord under another lease (i.e., lease buyout costs), relocation costs, temporary leasing costs, leasing commissions, brokerage commissions, legal, design and other professional fees and costs, in each case, to the extent the landlord is responsible for the payment of such cost or expense under the relevant Lease or any other agreement relating to such Lease.

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Approved Operating Expenses means Operating Expenses incurred by Borrower which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property, (iii) if applicable, are for property management fees payable to Manager under the Management Agreement, such amounts not to exceed three percent (3.0)% of the monthly Gross Revenue, (iv) or (v) have otherwise been approved by Lender.

  • Housing costs means the compensation or fees paid or charged, usually periodically, for the use of any property. land, buildings, or equipment. For purposes of this chapter, housing costs include the basic rent charge and any periodic or monthly fees for other services paid to the landlord by the tenant, but do not include utility charges that are based on usage and that the tenant has agreed in the rental agreement to pay, unless the obligation to pay those charges is itself a change in the terms of the rental agreement.

  • Permitted Expenses shall include, without limitation, the expenses set forth in Sections 5.10 and 9.2 hereof.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Financeable Costs means the amount of expenditure for an Improvement which has been duly authorized by action of the governing body of the Issuer to be financed by general obligation bonds, less:

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Closing Costs means, collectively, all initial costs and fees that identified above and in Section 16 that Seller agrees to pay to Buyer as consideration for agreeing to enter into this Agreement.

  • 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;

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property, which are the responsibility of the Borrower or the applicable Guarantor that are not paid directly by the tenant, including without limitation, the Annual Capital Expenditure Reserve and the greater of (a) 3% of rents and (b) actual management fees paid in cash, but excluding depreciation, amortization and interest costs.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being agreed that Seller shall bear the loss resulting from any free rental period until the date of Closing and that Purchaser shall bear such loss from and after the date of Closing.

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Controllable Operating Expenses means all Operating Expenses except property taxes and assessments, capital expenditures that are reasonably required, costs for repairs and maintenance (excluding preventative maintenance), utility charges, insurance charges, costs of services provided under a union contract, payments under covenants, conditions and restrictions or to an owners’ association and costs associated with repairs due to casualty, vandalism or other cause outside of Landlord’s reasonable control.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.