Predevelopment Expenses definition

Predevelopment Expenses means those documented, out of pocket, reasonable costs incurred by a Member to a third party that is not an Affiliate of such Member on behalf of the Company prior to the Closing Date and directly in connection with the Project that were either approved in writing by the other Member or otherwise included in the Project Budget (subject also to the Soft Cost Budget, as applicable). A Member cannot use the services of an Affiliate of such Member unless such services (in type and cost) and any contract for such services are approved by the other Member in writing.
Sample 1Sample 2Sample 3
Predevelopment Expenses. Any Party who incurs any predevelopment expenses on behalf of any Project prior to the formation of the Partnership to take title to that Project, including but not limited to due diligence expenses, shall be reimbursed for these expenses, provided that the Parties have previously approved said expenses.
Sample 1
Predevelopment Expenses means the expenses tasks and activities set forth in the Development Plan which are anticipated to be incurred to be accomplished prior to closing on construction or permanent financing construction of the housing units.
Sample 1

Examples of Predevelopment Expenses in a sentence

  • Prior to the Closing, the Members may have incurred certain Predevelopment Expenses, which shall, as and when and to the extent permitted by the Project Loan, be reimbursed to the Members using proceeds from the Project Loan.

  • Any Unreimbursable Predevelopment Expenses shall be treated as Capital Contributions as provided in Section 4.1(a).

  • This is a companion to the Predevelopment Expenses Reimbursement Agreement that was approved by City Council on September 24, 2013.

  • In connection with this Agreement, the Parties have entered into a Sacramento ESC Predevelopment Expenses Agreement dated September 24, 2013 (“Predevelopment Expenses Agreement”), which agreement provides a mechanism for reimbursing the City for its costs and expenses incurred with its predevelopment activities.

  • Additional Sites included in or being evaluated for inclusion in a Rental Phase may also be eligible for expenditure of Phase Predevelopment Expenses.

Related to Predevelopment Expenses

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Marketing Expenses mean the sum of Marketing Management Expenses, Advertising and Market Research Expenses and Medical Education Expenses.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Program Costs means all necessary and incidental costs of providing program services.

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk's office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replacements and office automation and information technology equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • foreign expenditures means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower;

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Direct Costs means the sum of the following:

  • Development Fees means fees imposed to offset capital costs of providing public infrastructure, public safety or other public services to a development and authorized pursuant to A.R.S. Section 9-463.05, A.R.S. Section 11-1102 or A.R.S. Title 48 regardless of the jurisdiction to which the fees are paid.

  • Independent expenditure means an expenditure by a person: