PIP Costs definition
PIP Costs means the costs described on Exhibit H.
PIP Costs means the total costs and expenses incurred of the PIP Work. For the avoidance of doubt, this definition is not determinative of whether any such costs are permitted to be incurred or funded by Borrower.
PIP Costs means all direct and indirect costs and expenses (including fees) of designing, inspecting, remediating, renovating, constructing, and developing the PIP Project to Final Completion, including, without limitation, Carry Costs.
Examples of PIP Costs in a sentence
Lender shall have no obligation to make any PIP Disbursements or make any disbursements from the PIP Reserve Account, in each case, for PIP Costs until no PIP Deficiency then exists.
Lender shall have no obligation to make any PIP/Preferred Stock Conversion Advances or make any disbursements from the PIP Reserve Account, in each case, for PIP Costs until no PIP Deficiency then exists and the Loan is back “in balance”.
More Definitions of PIP Costs
PIP Costs. All costs and expenses incurred with respect to completion by the Credit Parties of obligations with respect to any Property Improvement Plans.
PIP Costs means the costs of any changes in the scope of the PIPs under any Consent Franchise Agreements in effect as of the date hereof prior to the Initial Closing.
PIP Costs means the anticipated total amount required to complete any PIP, as determined by Lender in its reasonable discretion.
PIP Costs. “PIP Requirements”, “PIP Reserve” and “Property Improvement Plans” are hereby deleted in their entirety.
PIP Costs means the costs incurred by Sandalwood pursuant to a Property Improvement Plan during the first two years of Sandalwood's ownership of a Qualifying Hotel.
PIP Costs means the total amount required to complete any PIP.
PIP Costs has the meaning set forth in Section 5.1(f).