Cost of Improvement definition

Cost of Improvement means, with respect to any item or component for which a cost must be determined in order to allocate such cost, or an increase in such cost, to Tenant pursuant to this Tenant Work Letter, the sum of the following (unless otherwise agreed in writing by Landlord and Tenant with respect to any specific item or component or any category of items or components): (i) all sums paid to contractors or subcontractors for labor and materials furnished in connection with construction of such item or component; (ii) all costs, expenses, payments, fees and charges (other than penalties) paid to or at the direction of any city, county or other governmental or quasi-governmental authority or agency which are required to be paid in order to obtain all necessary governmental permits, licenses, inspections and approvals relating to construction of such item or component; (iii) engineering and architectural fees for services rendered in connection with the design and construction of such item or component (including, but not limited to, the Architect for such item or component and an electrical engineer, mechanical engineer, structural engineer and civil engineer, if applicable); (iv) sales and use taxes; (v) testing and inspection costs; (vi) the cost of power, water and other utility facilities and the cost of collection and removal of debris required in connection with construction of such item or component; (vii) costs for builder’s risk insurance; and (viii) all other “hard” and “soft” costs incurred in the construction of such item or component in accordance with the Approved TI Plans (if applicable) and this Tenant Work Letter; provided that the Cost of Improvements shall not include any internal or third-party costs incurred by Landlord except as provided in Section 2(e).

Cost of Improvement means, with respect to any item or component for which a cost must be determined in order to allocate such cost, or an increase in such cost, to Landlord and/or Tenant pursuant to this Workletter, the sum of the following (unless otherwise agreed in writing by Landlord and Tenant with respect to any specific item or component or any category of items or components): (i) all sums paid to contractors or subcontractors for labor and materials furnished in connection with construction of such item or component; (ii) all costs, expenses, payments, fees and charges (other than penalties) paid or incurred to or at the direction of any city, county or other governmental or quasi-governmental authority or agency which are required to be paid in order to obtain all necessary governmental permits, licenses, inspections and approvals relating to construction of such item or component; (iii) engineering and architectural fees for services rendered in connection with the design and construction of such item or component (including, but not limited to, the Architect for such item or component and an electrical engineer, mechanical engineer and civil engineer, if applicable); (iv) sales and use taxes; (v) testing and inspection costs; (vi) the cost of power, water and other utility facilities and the cost of collection and removal of debris required in connection with construction of such item or component; and (vii) all other “hard” and “soft” costs incurred in the construction of such item or component in accordance with the Approved Plans and this Workletter.

Cost of Improvement has the meaning assigned to such term in Section 1.1 of the Building Loan Agreement.

Examples of Cost of Improvement in a sentence

• Attention Applicant: Construction Cost of Improvement will be based on contract signed by both parties (owner & contractor) and/or as determined by the Building Official (Florida building Code 109.3).

• Off Site Improvement, Amenit Full Cost of Improvement / Percent Unrelated Third Party Name Description of Improvement(s)Applicant's comments regarding this section of scoring: DCA's Comments:DCA's Comments: 17.

• UNIT I : Income from Capital GainCapital Gain - Meaning - Short term and Long term Capital Gains - Certain Transactions not included as transfer - Cost of Acquisition - Cost of Improvement - Indexation - Capital Gain under different circumstances - Exempted Capital Gains - Computation of Capital Gains.

• The Orange County Public Works Department (Department) was not consistently updating, on a timely basis, the best available Total Cost of Improvement component of the PAYG formula.

• UNIT I: Income from Capital GainCapital Gain – Meaning – Short term and Long term Capital Gains – Certain Transactions not included as transfer – Cost of Acquisition – Cost of Improvement – Indexation – Capital Gain under different circumstances – Exempted Capital Gains – Computation of Capital Gains.

• Where contract is over 24 months or 731 calendar days, refer to Supplemental Company Rate Table below.) Company Rates Per Unit of Exposure * The Exposure Unit for these Contract Bonds is $1,000 of Contract Price.** The Exposure Unit for these Contract Bonds is $1,000 of Contract price or Bond Penalty, whichever is higher.*** The Exposure Unit for these Contract Bonds is $1,000 of Value of Guaranteed Work.**** The Exposure Unit for these Contract Bonds is $1,000 of Contract Price or Cost of Improvement.

• Remos collectors typically operate in peri- odic mode, since this offers better user response time.

• The New Section 48 of Finance Act 1992 has given a different set of rules to work out Capital gain after ascertaining market value as on 1st April 1981 which is referred as Indexed Cost of Acquisition similarly indexed Cost of Improvement in property is to be considered, thus capital gain shall be on a different principal and as such a valuers report as on 1st April 1981 has become absolutely essential for properties purchased or inherited prior to 1981.

• Ratio = Cost of Improvement (or Cost to Repair) ÷ Market Value X 100 %Substantial Improvement/Damage (FEMA 50% Rule)Frequently Asked Questions and InformationQ.

• Right-of-way reimbursement to be based on actual cost to City and construction reimbursement to be based on the Resolution setting Cost of Improvement that was in effect at the time of the improvement or actual cost, if available.

More Definitions of Cost of Improvement

Cost of Improvement means, with respect to any item or component for which a cost must be determined for purposes of this Section 5.1, the sum of the following (unless otherwise agreed in writing by Landlord and Tenant with respect to any specific item or component or any category of items or components): (i) all sums paid to contractors or subcontractors for labor and materials furnished in connection with construction of such item or component; (ii) all costs, expenses, payments, fees and charges (other than penalties) paid or incurred to or at the direction of any city, county or other governmental or quasi-governmental authority or agency which are required to be paid in order to obtain all necessary governmental permits, licenses, inspections and approvals relating to construction of such item or component; (iii) engineering and architectural fees for services rendered in connection with the design and construction of such item or component (including, but not limited to, the architect for such item or component and an electrical engineer, mechanical engineer and civil engineer, to the extent applicable); (iv) sales and use taxes; (v) testing and inspection costs; (vi) the cost of power, water and other utility facilities and the cost of collection and removal of debris required in connection with construction of such item or component; and (vii) all other “hard” costs incurred in the construction of such item or component in accordance with the provisions of this Section 5.1 and of Article 9 below.

Cost of Improvement shall have the meaning defined in Paragraph 5 of Section 2 of Article I of the Lien Law, as such term applies to the Improvements being financed with the proceeds of the Building Loans.

Cost of Improvement means, with respect to any Work or item or component thereof for which a cost must be determined for purposes of this Workletter, the sum of the following (unless otherwise agreed in writing by Landlord and Tenant with respect to any specific item or component or any category of items or components): (i) all sums paid to contractors or subcontractors for labor and materials furnished in connection with construction of such item or component; (ii) all costs, expenses, payments, fees and charges (other than penalties) paid or incurred to or at the direction of any city, county or other governmental or quasi-governmental authority or agency which are required to be paid in order to obtain all necessary governmental permits, licenses, inspections and approvals relating to construction of such item or component; (iii) engineering and architectural fees for services rendered in connection with the design and construction of such item or component (including, but not limited to, the applicable Architect for such item or component and an electrical engineer, mechanical engineer and civil engineer or other technical consultant); (iv) sales and use taxes; (v) testing and inspection costs; (vi) the cost of power, water and other utility facilities and the cost of collection and removal of debris required in connection with construction of such item or component; (vii) all other “hard” and “soft” costs incurred in the construction of such item or component in accordance with the applicable Approved Plans and this Workletter; and (viii) as to the Tenant Improvements, all costs and items specifically set forth or described on Schedule C-2 attached hereto.

Cost of Improvement means the Cost of Improvement for the Altona Project, the Cost of Improvement for the Chateaugay Project, the Cost of Improvement for the Chateaugay (Clinton) Project and the Cost of Improvement for the Wethersfield Project.

Cost of Improvement means the Cost of Improvement for the Bliss Project, the Cost of Improvement for the Clinton Project and the Cost of Improvement for the Ellenburg Project.

Cost of Improvement means, with respect -------------------- ------------------- to any item or component for which a cost must be determined in order to allocate such cost, or an increase in such cost, to Landlord and/or Tenant pursuant to this Workletter or pursuant to the Lease, the sum of the following (unless otherwise agreed in writing by Landlord and Tenant with respect to any specific item or component or any category of items or components): (i) all sums paid to contractors or subcontractors for labor and materials furnished in connection with construction of such item or component; (ii) all costs, expenses, payments, fees and charges (other than fines and penalties) paid or incurred to or at the direction of any city, county or other governmental or quasi-governmental authority or agency which are required to be paid in order to obtain all necessary governmental permits, licenses, inspections and approvals relating to construction of such item or component; (iii) engineering and architectural fees for services rendered in connection with the design and construction of such item or component (including, but not limited to, the applicable Architect for such item or component and an electrical engineer, mechanical engineer and civil engineer); (iv) sales and use taxes; (v) testing and inspection costs; (vi) the cost of power, water and other utility facilities and the cost of collection and removal of debris required in connection with construction of such item or component; and (vii) all other "hard" costs incurred in the construction of such item or component in accordance with the Approved Plans and this Workletter. Cost of Improvement shall not include any project management fee relating to the construction of such item or component.