Costs of Improvement definition

Costs of Improvement. Costs of Improvement" means those items defined as such under Section 2(5) of the Lien Law.
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Costs of Improvement means those items described as “improvements” or “cost of improvements” under Section 2 of the New York Lien Law.
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Costs of Improvement means those expenditures defined as a “cost of improvement” under Section 2 of the Lien Law (the term “improvement” also defined therein).
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Examples of Costs of Improvement in a sentence

  • The Borrower Entities shall use the proceeds of each Advance in accordance with Section 2.04(d) (Disbursement of Proceeds) and Article II (Project Accounts; Distributions) of the Accounts Agreement, and the other terms and conditions of all applicable Financing Documents, and not in contravention of any Applicable Law, Transaction Document or Governmental Approval, and, with respect to Advances of the Building Note, solely to reimburse the Borrower for or pay Costs of Improvement.

  • Pursuant to the last sentence of paragraph 5 of Section 2 of the New York Lien Law, Schedule 6.36 (Pre-First Advance Costs of Improvement) itemizes all payments made by the Borrower Entities for Costs of Improvement prior to the date of the First Advance from the Building Note and for which the Borrower Entities will seek reimbursement from the proceeds of any Advance and all such reimbursed payments have been made subsequent to the commencement of the applicable improvement.

  • The Borrower shall not request an Advance be made under (a) the Building Note for anything other than Costs of Improvement and (b) the DSRA Note unless the aggregate amount of all Advances made under the Building Note is, or simultaneously with the requested Advance under the DSRA Note will be, equal to the Building Loan Maximum Principal Amount.


More Definitions of Costs of Improvement

Costs of Improvement means those items defined as such under Section 2(5) of Article 1 of the Lien Law, as such term applies to the portion of the Project being financed with that portion of the Loan being advanced hereunder.
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Costs of Improvement shall not include maintenance or repairs, but only new improvements made by Lessee.
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Costs of Improvement has the meaning given to such term in Section 2 of the New York State Lien Law.
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Related to Costs of Improvement

  • 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.

  • Tenant’s Work means all improvements, alterations, fixture, equipment, and signage installation, and furniture placement necessary or appropriate for the conduct of the Permitted Use, including all work described as Tenant’s Work on Exhibit D, attached (the “Work Letter”).

  • Tenant Work All work installed or furnished to the Premises by Tenant in connection with Tenant’s initial occupancy pursuant to Rider 2 and the Workletter.