Budgeted Development Costs definition

Budgeted Development Costs means all Development Costs which are authorized pursuant to the Development Plan and Budget, which shall include, without limitation, (a) a fee to Landlord equal to Twenty-Five Thousand Dollars ($25,000.00) to cover Landlord's overhead and expenses for plan review, engineering review, coordination, scheduling and supervision of the Development and (b) reimbursement for Landlord's third-party costs actually incurred in connection with the Development, including Landlord's engagement of a construction consultant to oversee the Development, provided that any such costs shall be reasonable and shall be reasonably consistent with market rates paid for similar services.
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Budgeted Development Costs means all Development Costs of the Company which are authorized pursuant to the Development Plan and Budget.
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Budgeted Development Costs means (i) all budgeted costs described as a line item in the Initial Development Budget or any subsequent Development Budget, including any Contingency Amount of budgeted costs, and (ii) HST.
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Examples of Budgeted Development Costs in a sentence

  • Unless expressly approved in writing by all Members, no change order shall be permitted or approved that would cause total Development Costs to exceed Total Budgeted Development Costs.

  • Tenant shall follow the procedures set forth in Section 6 of this Agreement with respect to processing any Application for payment requests in connection with securing the payment of: (i) any Budgeted Development Costs; and (ii) any Authorized Excess Development Costs.

  • Upon Landlord’s approval of such expenditures, which approval shall not be unreasonably withheld, such expenditures shall be deemed to constitute Budgeted Development Costs.

  • During the Development Stage, the Company shall use the proceeds from the Development Loan to pay or otherwise satisfy all Budgeted Development Costs of the Company.

  • Within thirty (30) calendar days following receipt by Legacy of such notice, Legacy shall contribute to the Company the amount of additional capital required pursuant to this Section 5.2.1. Notwithstanding the foregoing, in conjunction with, or in lieu of, the Development Loan, Legacy may elect, in its sole and absolute discretion, to advance or contribute to the Company additional capital in an amount equal to all or any portion of the Budgeted Development Costs for the Project.

  • In the event Legacy elects, in its sole and absolute discretion, to advance or contribute to the Company all or any portion of the Budgeted Development Costs for the Project, all such amounts advanced or contributed by Legacy to the Company shall be deemed to constitute an Additional Capital Contribution by Legacy to the Company pursuant to this Section 5.2.1.

  • It is the intention of the Members and the Company to secure a Development Loan which will cover all or substantially all of the anticipated Budgeted Development Costs ("Development Loan").

  • In the event the Total Project Costs for a Development Facility exceed the Budgeted Development Costs for such Development Facility (“Cost Overruns”), Developer shall be solely responsible for such Cost Overruns (unless such costs are incurred at the request of, or are caused by the gross negligence or willful misconduct of, Owner in which case Owner shall be responsible for such Cost Overruns).

  • It is the intention of the Members and the Company to secure one or more development loans (collectively, the "Development Loan") which will cover all or substantially all of the anticipated Budgeted Pre-Development Expenses and the Budgeted Development Costs.

  • The Members acknowledge and agree that the Budgeted Development Costs of the Company shall be paid from the Original Capital Contribution of Legacy and from the proceeds of the Credit Facilities.


More Definitions of Budgeted Development Costs

Budgeted Development Costs means all Development Costs which are authorized pursuant to the Development Plan and Budget, which shall include, without limitation, (a) a fee to Landlord equal to Thirty-Seven Thousand Five Hundred Dollars ($37,500.00) to cover Landlord's overhead and expenses for plan review, engineering review, coordination, scheduling and supervision of the Development and (b) reimbursement for Landlord's third-party costs actually incurred in connection with the Development, including Landlord's engagement of a construction consultant to oversee the Development, provided that any such costs shall be reasonable and shall be reasonably consistent with market rates paid for similar services.
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Budgeted Development Costs means those costs incurred between January 1, 2000 and the Closing Date in the development of the Development Projects that are set forth on Schedule 1E.
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Budgeted Development Costs means the amounts set forth in the Development Budget with respect to a Facility other than those costs described under the heading “Operating Reserve” in such Development Budget.
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Related to Budgeted Development Costs

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

  • 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.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Annual Work Plan and Budget means each annual work plan and budget (including related cash forecasts) for the implementation of the Project approved by the Association, referred to in Section I.D of Schedule 2 to this Agreement; and “Annual Work Plans and Budgets” means, collectively, all such plans and budgets.

  • 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.

  • 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.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

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