Landlord’s Acquisition Costs definition
Landlord’s Acquisition Costs means the sum of all costs incurred by Landlord with third parties, at arm’s length, in connection with the acquisition of the Leased Property pursuant to the Purchase Agreement and lease of same to Tenant, including, without limitation, all due diligence costs (including, without limitation, costs of any environmental reports or studies, property condition reports and surveys), attorneys’ fees, accountants’/auditors’ fees, consultants’ fees, closing costs, transfer, sales or similar taxes, transfer and related costs, recording fees, title premiums and any other title related charges or fees, and prorations paid to Seller and/or Tenant in connection with Landlord’s acquisition of the Leased Property and which were reasonably incurred with respect to the acquisition of same and the lease of same to Tenant; provided, however, that said sum shall not exceed the cap set forth in the Purchase Agreement with respect to same unless first approved in writing by Tenant.
Landlord’s Acquisition Costs means the sum of all costs incurred by Landlord with third parties, at arm’s length, in connection with the acquisition of the Leased Property pursuant to the Purchase Agreement and lease of same to Tenant, including, without limitation, all due diligence costs (including, without limitation, costs of any environmental reports or studies, property condition reports and surveys), attorneys’ fees, accountants’/auditors’ fees, consultants’ fees, closing costs, transfer, sales or similar taxes, transfer and related costs, recording fees, title premiums and any other title related charges or fees, and prorations paid to Seller and/or Tenant in connection with Landlord’s acquisition of the Leased Property and which were reasonably incurred with respect to the acquisition of same and the lease of same to Tenant.
Landlord’s Acquisition Costs means (a) all costs incurred by Landlord with third parties, at arm’s length, in connection with the acquisition of the Leased Property and the Attractions Personal Property pursuant to the Purchase Agreement and lease of same to Tenant, including, without limitation, all due diligence costs (including, without limitation, costs of any environmental reports or studies, property condition reports and surveys), attorneys’ fees, accountants’/auditors’ fees, consultants’ fees, closing costs, transfer, sales or similar taxes, liquor license notification, transfer and related costs, recording fees, title premiums and any other title related charges or fees, and prorations paid to the Seller and/or the Tenant in connection with Landlord’s acquisition of the Leased Property and the Attractions Personal Property and which were reasonably incurred with respect to the acquisition of same and the lease of same to Tenant, plus (b) the Seller/Tenant Transaction Costs, with the foregoing sum not to exceed TWO MILLION THREE HUNDRED FORTY THOUSAND and NO/100 DOLLARS (2,340,000.00) in the aggregate with respect to this Lease and the Affiliated Leases (the “Transaction Costs Cap”); provided, however, that if the sum of the foregoing shall exceed the amount of the Transaction Costs Cap, all costs incurred by Landlord pursuant to clause (a) of this definition in this Lease and incurred by the Affiliated Landlords pursuant to clause (a) of this definition in the Affiliated Leases shall be applied to the Transaction Costs Cap prior to the application of costs incurred by Tenant pursuant to clause (b) of this definition in this Lease and incurred by the Affiliated Landlords pursuant to clause (b) of this definition in the Affiliated Leases, and Tenant and Affiliated Tenants shall be solely responsible for the payment of any and all such excess amounts to the applicable third parties. The amount of such costs shall be adjusted and finally agreed upon between Landlord and Tenant within sixty (60) days of the Effective Date hereof whereupon an amendment to this Lease shall be executed evidencing the agreed-upon amount of such Landlord’s Acquisition Costs.
Examples of Landlord’s Acquisition Costs in a sentence
Except with respect to purchase price paid under the Purchase Agreement and the Landlord’s Acquisition Costs, the sum of which is part of the Adjusted Lease Basis, notwithstanding anything herein, no provision or term of this Lease shall obligate Tenant to perform or assume any obligation of Landlord under the Purchase Agreement and shall not alter, diminish or reduce Landlord’s obligations under the Purchase Agreement.