Eligible Predevelopment Costs definition

Eligible Predevelopment Costs means and includes the predevelopment expenses identified in the Predevelopment Project Budget attached to this Agreement as Attachment No. 7A, and actually incurred by Developer for the development of the Affordable Units. “Eligible Predevelopment Costs” shall not include Developer’s administrative costs, fees, home office and/or field overhead, profit, or any costs related to the Retail Improvements.
Eligible Predevelopment Costs shall not include Developer’s administrative costs, fees, home office and/or field overhead, profit, or any costs related to the Retail Improvements.
Eligible Predevelopment Costs means the aggregate of all reasonable, out-of-pocket costs and expenditures incurred by Tenant (or its members) or the Master Developer (whether or not reimbursed to Tenant, its members or the Master Developer) during the Predevelopment Period or the first year of the Initial Term, but in no event to exceed an aggregate of Ten Million Dollars ($10,000,000.00), in connection with site-related studies of the Premises, and the planning, design and engineering of the Backbone Infrastructure and certain other site-related improvements listed below, including costs incurred in connection with:

Examples of Eligible Predevelopment Costs in a sentence

  • As soon as reasonably feasible during the calendar quarter immediately following each payment of Predevelopment Period Base Rent by Tenant, Tenant shall deliver to Landlord invoices and other reasonably satisfactory evidence of the amount of Eligible Predevelopment Costs actually incurred during the prior calendar year (or applicable portion of the last calendar year of the Predevelopment Period), and the provisions of Section 7.9 shall apply.

  • Tenant’s payment of Predevelopment Period Base Rent shall be based on the estimate of Eligible Predevelopment Costs set forth on such Support Agreement.

  • The City Predevelopment Loan proceeds shall be used solely to reimburse the Developer for up to seventy-five percent (75%) of Eligible Predevelopment Costs, not to exceed a total disbursement of FIVE HUNDRED THOUSAND DOLLARS ($500,000).

  • The Predevelopment Loan Proceeds shall be dispersed to Developer solely from such available funds as provided herein and shall be used by Developer solely to pay Eligible Predevelopment Costs.

  • The Predevelopment Loan Proceeds shall be used by Borrower only to pay for Eligible Predevelopment Costs and such other uses previously approved in writing by the City in accordance with the Agreement.

  • Developer shall have submitted to the City evidence of expenditure or incurrence of costs, invoices, receipts, cancelled checks or other written documentation satisfactory to the City Manager evidencing Developer's incurrence of Eligible Predevelopment Costs.

  • The Predevelopment Loan proceeds shall be used solely to reimburse the Developer for up to seventy-five percent (75%) of Eligible Predevelopment Costs, not to exceed a total disbursement of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00).

  • The City Predevelopment Loan proceeds shall be used solely to reimburse the Developer for up to seventy-five percent (75%) of Eligible Predevelopment Costs, not to exceed a total disbursement of ONE MILLION ONE HUNDRED AND TWENTY FIVE THOUSAND DOLLARS ($1,125,000).

  • The Disbursement Request shall set forth the amount of the requested disbursement of Predevelopment Loan Proceeds and shall certify that: (a) all conditions precedent to disbursement of the Predevelopment Loan Proceeds set forth in Section 3.3 have been and remain satisfied; (b) only the amount needed for Eligible Predevelopment Costs has been requested by the Developer; and (c) no Default has occurred and is continuing under the Predevelopment Loan Documents.

  • Notwithstanding anything contained in this Agreement to the contrary, Developer may not request disbursements of funds under this Agreement until the funds are needed for payment of Eligible Predevelopment Costs.


More Definitions of Eligible Predevelopment Costs

Eligible Predevelopment Costs means and includes the predevelopment expenses identified in the Predevelopment Project Budget attached to this Agreement as Attachment No. 7A, and actually incurred by Owner for the development of the Affordable Family Housing Units and associated parking costs, including, but not limited to actual costs related to the production of the plans and drawings related to the Affordable Family Housing Units, “Eligible Predevelopment Costs” shall not include Owner’s administrative costs, fees, home office and/or field overhead, profit, insurance, taxes and land related Ground Lease option payments or any costs related to the Affordable Senior Housing Units, Child Care Facility, Retail Improvements or the Infrastructure Improvements.
Eligible Predevelopment Costs means predevelopment costs in connection with the Development which are actually incurred by the Developer and are allowable costs for which HOME monies may be used according to the HOME Regulations, Section 92.301, paragraph (a) (project-specific technical assistance and site control loans), which provides, in pertinent part: "project costs necessary to determine project feasibility (including costs of an initial feasibility study), consulting fees, costs of preliminary financial applications, legal fees, architectural fees, engineering fees, engagement of a development team, option to acquire property, site control and title clearance. General operational expenses of the community housing development organization are not allowable costs."

Related to Eligible Predevelopment Costs

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • 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 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.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

  • Redevelopment project means any work or undertaking

  • Public improvement costs means the costs of:

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Approved Operating Expenses means Operating Expenses incurred by Borrower or by any Manager on Borrower’s behalf (excluding any Restricted Payments) which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Properties, (iii) are for Management Fees, or (iv) have been approved in writing by Lender as Approved Operating Expenses; provided, however, that Approved Operating Expenses shall also include, for any calendar month in which Operating Expenses exceed the Monthly Operating Expense Budgeted Amount, the amount of such excess Operating Expenses up to and not to exceed ten percent (10%) of the Monthly Operating Expense Budgeted Amount for such calendar month as to which Borrower provides to Lender a reasonably detailed explanation of the reasons for and expenditures resulting in Operating Expenses exceeding the Monthly Operating Expense Amount.

  • 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.

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Eligible Projects means projects as described in Schedule B.

  • medium term expenditure framework ’ means a budgeting framework applied by the National Treasury which—

  • 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.

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Qualifying project means (i) any education facility, including, but not limited to a school building, any functionally related and subordinate facility and land of a school building (including any stadium or other facility primarily used for school events), and any depreciable property provided for use in a school facility that is operated as part of the public school system or as an institution of higher education; (ii) any building or facility that meets a public purpose and is developed or operated by or for any public entity; (iii) any improvements, together with equipment, necessary to enhance public safety and security of buildings to be principally used by a public entity; (iv) utility and telecommunications and other communications infrastructure; (v) a recreational facility; (vi) technology infrastructure and services, including, but not limited to, telecommunications, automated data processing, word processing and management information systems, and related information, equipment, goods and services; (vii) any technology, equipment, or infrastructure designed to deploy wireless broadband services to schools, businesses, or residential areas; or (viii) any improvements necessary or desirable to any unimproved locally- or state-owned real estate.

  • Project Revenue means all net rents, proceeds, revenue and other income derived by the City by virtue of any lease, sale, conveyance or other disposition of any part of the Project, plus all sums received by the City as a result of damage to or destruction or condemnation of the Project, but shall not mean any part of the Tax Revenue.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Eligible project means 1 or more of the following projects of a local unit that have been approved by the director and the state treasurer, including costs associated with a project necessary for issuance of evidences of indebtedness to finance the project:

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Annual Operating Expenses for the Class means and will consist only of the following operating expenses of the Series for the Class that are, under generally accepted accounting principles, accruable and deductible from the Series’ assets with respect to the Class for the calendar year involved: (i) investment advisory fees, if any; (ii) Rule 12b-1 distribution fees, if any; and (iii) custodian fees, shareholder servicing fees, administrative and office facilities expenses, professional fees, trustees’ fees and any other operating expenses of the Series with respect to the Class that are recorded or includable in the Series’ statement of operations in accordance with generally accepted accounting principles. Notwithstanding the provisions of the immediately preceding sentence, the Series’ “Annual Operating Expenses” for the Class do not include interest and dividends on securities sold short, amortization of organization expenses, taxes, brokerage commissions, litigation and indemnification expenses or any costs or expenses of or for the Series with respect to the Class that are “extraordinary” as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). Very truly yours, ROYCE & ASSOCIATES, LLC By: /s/ Xxxx X. Xxxxxxxxx Xxxx X. Xxxxxxxxx Chief Operating Officer ACCEPTED: THE ROYCE FUND By: /s/ Xxxx X. Xxxxxxxxx Xxxx X. Xxxxxxxxx Vice President [ROYCE & ASSOCIATES, LLC LETTERHEAD] December 31, 2006 The Royce Fund 0000 Xxxxxx xx xxx Xxxxxxxx Xxx Xxxx, XX 00000 Re: Fee Waiver and Expense Reimbursement - Royce Micro-Cap Fund (Service Class) Gentlemen: Reference is made to the Investment Advisory Agreement dated October 1, 2001 (the “Agreement”) by and between The Royce Fund (the “Fund”) on behalf of Royce Micro-Cap Fund (the “Series”) and Royce & Associates (the “Adviser”). Notwithstanding the provisions of Section 4 (Compensation of the Adviser) of the Agreement, the Adviser hereby waives compensation for services provided by it under the Agreement for the calendar year ending December 31, 2007, and/or agrees to reimburse expenses relating to such calendar year to the Series with respect to the Class in an amount, if any, necessary so that the Series’ “Annual Operating Expenses” for its Service Class of shares (the “Class”) are not more than 1.66% of the Class’ average net assets for such calendar year. The Adviser hereby also waives compensation for services provided by it under the Agreement to the Series with respect to the Class, and/or agrees to reimburse expenses to the Series with respect to the Class for each subsequent calendar year through the year ending December 31, 2015 (but not for any calendar year thereafter) in an amount, if any, necessary so that the Series’ Annual Operating Expenses for the Class are not more than 1.99% of the Class’ average net assets for such calendar year. The Adviser’s obligations to reimburse the Series with respect to the Class hereunder will not apply for any period when the Adviser is not rendering services to such Series under the Agreement.

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