Land Acquisition Costs definition
Examples of Land Acquisition Costs in a sentence
Land Acquisition Costs shall mean the costs specifically detailed on Exhibit A.
The Lessor may in connection with a Casualty, Condemnation or purchase by the Lessee of a Property at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty (subject to Section 13.10 of the Participation Agreement), upon at least three (3) Business Days' written notice to the Agent, specifying the date and amount of prepayment and the Land Acquisition Costs and/or Property Improvement Costs to which such Loans are allocable.
The Building Construction ------------------------------------- Failure Payment shall include 89.9% of Project Costs (exclusive of Land Acquisition Costs) incurred by Lessor to complete or to further the Construction of the related Leased Property, whether incurred before or after the termination of the Construction Agent's rights and obligations under this Agreement with respect to such Leased Property.
Subject to the terms and conditions hereof and of the Participation Agreement, each Lender severally agrees to make loans (the "Loans") to the Lessor Trust from time to time during the Commitment Period for the purpose of enabling the Lessor Trust to acquire or obtain fee or leasehold interests in the Property and to pay Land Acquisition Costs and Property Improvement Costs, in an aggregate principal amount not to exceed the amount of such Lender's Commitment.
The amount of the Advance requested represents amounts advanced or to be advanced by the Construction Agent to third parties in connection with Land Acquisition Costs or Property Improvement Costs.