Cost definition
Examples of Cost in a sentence
The Direct Expenses allocable to each such Cost Pool shall be allocated to such Cost Pool and charged to the tenants within such Cost Pool in an equitable manner; provided, however, Landlord may include retail space leased by office tenants of the Project within the office Cost Pool.
Such Cost Pools may include, but shall not be limited to, the office space tenants of a building of the Project or of the Project, and the retail space tenants of a building of the Project or of the Project.
In the event the total projected cost of Landlord’s Work whether based on the received bids or Landlord’s good faith estimate, exceeds the Landlord’s Construction Cost Cap, Landlord shall notify Tenant and provide Tenant a reasonable opportunity, nor to exceed ten (10) days, to propose scope modifications or value engineering suggestions intended to reduce the cost of Landlord’s Work to within the Landlord’s Construction Cost Cap.
If at any time the Project Sub-Agreement Holder has reason to believe that the Total Estimated Cost which will accrue in the performance of this Project Sub-Agreement in the next succeeding ninety (90) days, when added to all other payments previously accrued, will exceed eighty-five percent (85%) of the then current total authorized funding, the Project Sub-Agreement Holder shall notify the DIBC CM0 to that effect, advising the estimate of additional funds required for the period specified.
Any architectural or engineering fees shall be deducted from Landlord’s Construction Cost Cap.