Land Acquisition Cost definition

Land Acquisition Cost means, with respect to any Property, the amount of the Advance funded to the Construction Agent for the purpose of acquiring the portion of such Property constituting Land and paying Transaction Expenses in connection therewith, as such amount is set forth in the Funding Request relating to the acquisition of such Property.

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Land Acquisition Cost means, as described in each respective Appraisal given with respect to each Parcel of Land, the purchase price paid and the related closing costs paid by the Lessor to acquire title such Parcel of Land.

Land Acquisition Cost means (a) with respect to any Uncompleted Property, the amount of the Advance made available to the Construction Agent for the purpose of acquiring the portion of such Property constituting Land and paying the Transaction Expenses relating to such funding and acquisition (including without limitation, all Transaction Expenses of the type described in clause (a), clause (b) (to the extent relating to the Acquisition Date for such Property), clause (c) and clause (e) of the definition of Transaction Expenses, in each case to the extent relating to such Property), as such amount is set forth in the Funding Request relating to the acquisition of such Property and (b) with respect to any Improved Property, the portion of the Property Cost therefor that is allocable to the Land portion of such Property and related Transaction Expenses (including without limitation, all Transaction Expenses of the type described in clause (a), clause (b) (to the extent relating to the Acquisition Date for such Property), clause (c) and clause (e) of the definition of Transaction Expenses, in each case to the extent relating to such Property), as set forth in the Appraisal of such Property.

Examples of Land Acquisition Cost in a sentence

With respect to any Funding Request related to the acquisition of the Property (or leasehold interest therein), in addition to the foregoing, the Construction Agent shall also specify: (i) the Property to be acquired or leased, (ii) the seller or ground lessor of the Property and the related Land Acquisition Cost, and (iii) the Estimated Improvement Costs.
Fixed, base rent shall include determination of the remainder of the Authority Land Acquisition Cost for the Properties in the Phase less the Purchase Price payable by Developer to Authority for the improvements to such Properties for the Phase (“Rent”).
The Construction Agent and the Lessor Trust acknowledge and agree that the Construction Agent's right to request funds and the obligation of the Lessor Trust to advance funds for the payment of the Land Acquisition Cost and Construction Costs is subject in all respects to the terms and conditions of the Participation Agreement and each of the other Operative Documents.
The Lessor shall have received an Appraisal of such Leased Asset, which Appraisal shall show, in the case of a Leased Asset consisting of Property, that as of Substantial Completion and the Expiration Date the Fair Market Sales Value of such Property shall not be less than 100% of the sum of the Land Acquisition Cost, Estimated Improvements Cost, Capitalized Interest and Transaction Expenses expected to be funded with respect to such Property.
At least ten (10) Business Days prior to the Acquisition Date, the Agent Certificate Holder and the Administrative Agent shall have received an Appraisal of the Property, in form and substance satisfactory to the Administrative Agent and the Agent Certificate Holder, which Appraisal shall show that the Fair Market Sales Value of the Land as of the Acquisition Date is not less than the Land Acquisition Cost for the Property, after deduction of typical transaction costs.
At least three (3) Business Days prior to such Acquisition Date, the Agent Lessor and the Administrative Agent shall have received an Appraisal of the applicable Property, in form and substance satisfactory to the Administrative Agent and the Agent Lessor, which Appraisal shall show that the Fair Market Sales Value of such Land is not less than the Land Acquisition Cost for such Property.
Before bidding or agreeing to pay an amount that would result in the Land Acquisition Cost exceeding the Cost Ceiling, New Land shall obtain the prior written consent of Prax, which may be granted, withheld or otherwise rejected in Prax’s sole discretion.
At least ten (10) Business Days prior to the Acquisition Date, the Agent Certificate Holder and the Administrative Agent shall have received an Appraisal of the Property, in form and substance satisfactory to the Administrative Agent and the Agent Certificate Holder, which Appraisal shall show that the Fair Market Sales Value of the Land as of the Acquisition Date is not less than the Land Acquisition Cost for the Property.
Regardless of the Actual Land Acquisition Cost, the maximum exposure of the Company in the Transaction shall be limited to the Agreed Land Acquisition Cost.
In the event the cost of Landlord’s acquisition of the Lot (the “Land Acquisition Cost”) exceeds $1,400,000 (the “Land Budget”), the amount by which the Land Acquisition Cost exceeds the Land Budget shall be paid by Tenant to Landlord as additional rent, without interest, in 120 equal consecutive monthly installments commencing on the first day of the first full month during the Term and continuing on the first day of each month thereafter.

More Definitions of Land Acquisition Cost

Land Acquisition Cost means, with respect to any Construction Property, the amount of any Funding made for the purpose of acquiring title to, or a leasehold interest in, the Land comprising a part of such Property and paying Transaction Expenses relating to such acquisition.

Land Acquisition Cost means all the actual and direct costs incurred or to be incurred by the Company and/ or Hub SPV in connection with acquisition of the Project Land by the Hub SPV, being an amount not exceeding INR 350,00,00,000 (excluding stamp duty charges and other approval charges), determined on the basis of the Development Costs Statement.

Land Acquisition Cost is defined in Section 2.8(c) of the Construction Agency Agreement.

Land Acquisition Cost means $218,591,127.49.

Land Acquisition Cost means the cost to the Lessor to purchase the Land or a portion thereof on a Land Closing Date.

Land Acquisition Cost means the total land acquisition costs and expenses payable by or on behalf of the Project Company for purposes of acquiring the land use rights for the Target Land, including but not limited to the land premium payable under the Land Grant Contract (as defined in Section 1.2 below) and all fees (including without limitation land relocation fees, if any), taxes and expenses relating to the acquisition of the land use rights for the Target Land and the obtaining of the land use rights certificate for the Target Land pursuant to the Land Grant Contract.