Preliminary Expenditures definition

Preliminary Expenditures means any Capital Expenditures that are “preliminary expenditures” within the meaning of Regulations §1.150-2(f)(2), i.e., architectural, engineering, surveying, soil testing, reimbursement bond issuance, and similar costs that are incurred prior to commencement of acquisition, construction, or rehabilitation of a project other than land acquisition, site preparation, and similar costs incident to commencement of construction. The aggregate amount of Preliminary Expenditures may not exceed 20% of the aggregate Issue Price of the issue or issues that financed or are reasonably expected to finance the project for which such Preliminary Expenditures are or were incurred.
Sample 1Sample 2Sample 3
Preliminary Expenditures means: (a) costs incurred for architectural, engineering, surveying, soil testing, costs of issuance, and similar costs prior to commencement of acquisition, construction, or rehabilitation of the Financed Improvements, other than land acquisition, site preparation, and similar costs incident to commencement of construction of the Financed Improvements up to an amount not in excess of 20 percent of the issue price of the Notes; and (b) costs incurred in an amount not in excess of the lesser of
Sample 1Sample 2Sample 3
Preliminary Expenditures means costs such as architectural, engineering, surveying, soil testing, and similar costs for the Project that, in the aggregate, are not in excess of 20% of the Grant Amount. Costs of land acquisition, site preparation and similar costs incident to commencement of construction are NOT preliminary expenditures.
Sample 1Sample 2

Examples of Preliminary Expenditures in a sentence

  • Preliminary Expenditures are charged to Profit & Loss Account as per the provisions of AS-26.

  • Preliminary Expenditures including engineering, survey, soil testing and similar costs are not subject to the Resolution requirement.

  • Except as described in (i) below, and except in the case of Preliminary Expenditures, this Reimbursement Allocation is being made within 18 months after the later of (i) the date on which the Reimbursed Expenditure was paid, or (ii) the date on which the property relating to the Reimbursed Expenditure was placed in service or abandoned, but in no event more than three years after the Reimbursed Expenditure was paid.

  • The Parties agree that the Preliminary Expenditures are a cost of the Project and are subject to the cost sharing percentages set forth in Section IX.1 through IX.3.

  • Preliminary Expenditures are charged to Statement of Profit & Loss as per the provisions of AS-26.

  • Shareholders who wish to vote on the resolution at the EGM must appoint the Chairman of the EGM as his/ her/its proxy to attend, speak and vote on his/her/its behalf at the EGM.

  • The efficiency of revocation checking depends on string search algorithm.

  • Costs of land acquisition, site preparation and similar costs incidental to commencement of construction are not Preliminary Expenditures.

  • No portion of the Net Proceeds of the Bonds will be used to reimburse an expenditure paid by the Issuer more than 60 days prior to the date the respective resolution was adopted, except for Preliminary Expenditures No reimbursement allocation will be made for an expenditure made more than 3 years before the date of the reimbursement allocation.

  • Adopt Resolution 2017-04; “Resolution of the Board of Directors of San Elijo Joint Powers Authority Declaring the Official Intent of San Elijo Joint Powers Authority to Reimburse Itself from the Proceeds of Debt for Capital Expenditures, Certain Preliminary Expenditures, and Costs of Issuance Temporarily Funded from Revenues or Other Sources”; and 2.


More Definitions of Preliminary Expenditures

Preliminary Expenditures means architectural, engineering, surveying, soil testing, reimbursement bond issuance, and similar costs that are incurred prior to commencement of acquisition, construction, or rehabilitation of a project, other than land acquisition, site preparation, and similar costs incident to commencement of construction.
Sample 1Sample 2
Preliminary Expenditures means, in relation to Section 7 (Reimbursement of Pre-Issuance Expenditures), costs such as architectural, engineering, surveying, soil testing, and similar costs for the project that, in the aggregate, are not in excess of 20% of the project issuance amount. Costs of land acquisition, site preparation and similar costs incident to commencement of construction are not Preliminary Expenditures.
Sample 1
Preliminary Expenditures means architectural, engineering, surveying, soil testing, Costs of Issuance and similar costs that were incurred prior to commencement of the acquisition, construction and installation of the Project, but do not include any costs related to land acquisition, site preparation and similar costs incident to commencement of construction.
Sample 1
Preliminary Expenditures means architectural, engineering, surveying, soil testing, costs of issuing the Bonds, and similar costs paid with respect to the Project in an aggregate amount not exceeding 20% of the issue price of the Bonds. However, Preliminary Expenditures do not include land acquisition, site preparation or similar costs incident to the commencement of construction.
Sample 1
Preliminary Expenditures means architectural, engineering, surveying, soil testing, reimbursement bond issuance, and similar costs that are incurred prior to commencement of acquisition, construction, or rehabilitation of a project, other than land acquisition, site preparation, and similar costs incident to commencement of construction; provided, however, that such expenditures in the aggregate are not in excess of 20% of the aggregate issue price of the Bonds, all within the meaning of Treasury Regulation, § 1.150-2(f)(2).
Sample 1
Preliminary Expenditures means those expenditures by the City or Developer with respect to the Project Plan, this Agreement and the Project Site.
Sample 1

Related to Preliminary Expenditures

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Exploration Expenditures means the sum of all costs of acquisition and maintenance of the Property, all exploration and development expenditures and all other costs and expenses of whatsoever kind or nature including those of a capital nature, incurred or chargeable by KRC with respect to the exploration and development of the Property and the placing of the Property into Commercial Production.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.F of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Independent expenditure means an expenditure by a person:

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • 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;