Cost of the Facilities definition

Cost of the Facilities means "Cost of the Facilities" as defined in the Indenture.

Cost of the Facilities means all costs incurred by or on behalf of the Authority in connection with the acquisition, expansion, construction, development, improvement, equipping, planning and financing of the Facilities or any portion of the Facilities, including, without limitation, the payment or reimbursement of costs of issuance of the Bonds, including without limitation the reasonable costs of legal and financial consultants incurred by the Authority, the City, the Developer and the Trustee in connection with the creation of the Authority and the issuance of the Bonds, and the funding of such funds and accounts as are provided in this Indenture, the cost of all lands, properties, rights, easements, franchises and permits acquired, the cost of all machinery and equipment, financing charges, interest prior to and during construction and for up to approximately one year after completion of construction, cost of engineering and legal expenses, plans, specifications and other expenses necessary or incident to construction of the Facilities.

Cost of the Facilities means (a) obligations of the State, the University or the Authority incurred for labor and to contractors, builders and materialmen in connection with the acquisition, construction, improving, and improvement of the Facilities; (b) the cost of acquiring necessary land or rights in land and any costs incidental thereto, including costs of assuring title of the Facilities to the Authority, and recording fees; (c) tlie cost of contract bonds and of insurance of all kinds that may be required or necessary during the Construction Period which is not paid by the contractor or contractors or otherwise provided for;

Examples of Cost of the Facilities in a sentence

• In lieu of appointment of the Independent Expert as otherwise provided in said Article 21, the Independent Expert shall be appointed by the President of the Stockholm Chamber of Commerce, Sweden, to resolve the Cost Dispute and render a final and binding determination of the Expected Cost of the Facilities as at the Cost Evaluation Date, which determination shall be final and binding for all purposes.

• The Developer shall provide any documentation substantiating the Actual Cost of the Facilities reasonably requested by the City Engineer, including but not limited to a review of the Actual Costs by the Developer’s civil engineer and determination that they are consistent with the approved Plans.

• Notwithstanding the above, the Improvement Authority may fund all or a portion of the Cost of the Facilities with funds of the County if proceeds of the Bonds are not available.

• The Developer agrees to pay all inspection, permit and other similar fees of the City applicable to construction of the Facilities, and such fees are subject to reimbursement under this Agreement as part of the Actual Cost of the Facilities.

More Definitions of Cost of the Facilities

Cost of the Facilities means the calculation of the cost of the Facilities to be constructed including financing costs, e.g. capitalized interest, funding a reserve fund, cost of issuance and underwriter’s discount, as determined by the Administrator.