Holding Costs definition
Examples of Holding Costs in a sentence
Holding Costs shall be paid as a condition precedent to a transfer of Property from the CCLBA.
The Executive Director shall summarize for the Board of Directors on at least a quarterly basis the nature and number of LBAs, the aggregate Holding Costs, and all transfers to and from the CCLBA pursuant to LBAs. Any provision of any LBA not consistent with this Land Banking Agreement Policy shall require the express approval of the Board of Directors.
The CCLBA shall also have the right to request in writing that the Grantee reimburse on written demand the CCLBA for any and all Holding Costs.
The Grantee can request in writing at any time a statement of the Holding Costs, which statement will be provided by the CCLBA as soon as possible.
The CCLBA shall provide to the Grantee, or its designee, in accordance with Section 8 a statement of the Holding Costs attributable to the Property.