Property Acquisition Cost definition

Property Acquisition Cost means the cost to the Lessor to purchase a Property on a Property Closing Date.
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Property Acquisition Cost means, with respect to any portion of the Property, the amount funded by the Lessor under the Participation Agreement to pay the Existing Owner for the purchase price of such portion of the Property as set forth in the Acquisition Request therefor.
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Property Acquisition Cost means the amount paid by Operating Partnership to identify, analyze and purchase one or more Subject Interests, and shall include, in addition to the price actually paid for such Subject Interests, bonuses and all expenses relating to the acquisition of Subject Interests. The expenses relating to the acquisition of Subject Interests shall include, but not be limited to: (i) title insurance and title examination costs, brokers' commissions, finders' fees, escrow fees, filing fees, recording costs, and transfer taxes, if any; (ii) taxes paid in connection with acquisition of the Subject Interests, including, but not limited to, ad valorem, real estate, personal property and excise taxes paid; (iii) geological, geophysical, seismic, land, engineering, drafting, accounting, auditing, legal and other costs incurred in connection with the property transaction; (iv) Development Costs and Secondary or Tertiary recovery costs undertaken on the property by the Operating Partnership prior to creation of Nonoperating Interests burdening such property; and (v) such portion of the reasonable, necessary and actual expenses incurred by the Managing General Partner, its Affiliates or Operating Partnership not more than thirty-six months prior to the property transaction for geological, geophysical, seismic, land, nominee, engineering, drafting, accounting, auditing, legal or like services, Development Costs, and Secondary or Tertiary recovery costs obtained or provided by the Managing General Partner, its Affiliates or Operating Partnership which are allocated to the Subject Interests in accordance with accepted industry practice normally employed by the Managing General Partner and its Affiliates, including the costs of funds used for any of these purposes, inclusive of interest, loan commitment fees and other financing fees and charges for such funds. The Property Acquisition Cost for a particular Subject Interest shall also include all reasonable, necessary and actual expenses incurred by the Managing General Partner, its Affiliates or Operating Partnership for the services listed above in connection with the evaluation of properties which, for whatever reasons, are not subsequently purchased by Operating Partnership, and which expenses are allocated to that Subject Interest. If it is determined on or before the date of acquisition of a Producing Property that Development Costs or Secondary or Tertiary Recovery Operations should be undertaken on that property, and both ...
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Examples of Property Acquisition Cost in a sentence

  • Property Acquisition Cost is below the Maximum Permissible Acquisition Cost Limits set forth by the Program.

  • Property Acquisition Cost, Defense, and Indemnity Agreement (No. 2013-0826).The planned ESC is designed to be built, in part, on land not owned by either SBH or the City.

  • RGPC is directed to file a copy of the agreement as soon as it is available.

  • COST OF THE AGREEMENT TO THE AGENCY The costs incurred by the Agency to implement the Agreement are estimated as follows: Property Acquisition Cost 9$18,141,000Clearance CostsNARelocation CostsNACosts of Improvements to be Provided by AgencyNABond Interest Payments 1999 Bond6,136,0002006 Bond834,000Agency Loan to Parcel B 1023,823,000Total Agency Cost$48,934,000 The Agency will receive Base Rent for Parcels A and C, Additional Rent, and debt service payments on the Agency Loan to Parcel B.

  • CDBG Disaster funds can be used towards the local match required by the Flood Property Acquisition Cost Share Program administered by the North Dakota State Water Commission.

  • Property Acquisition Cost excludes acquisition fees and closing costs.

  • In the event that the Escrow Funds with respect to any Legal Entity are insufficient to pay the Replacement Property Acquisition Cost incurred by such Legal Entity, such Legal Entity may transfer Additional Subsidies directly to such Legal Entity’s Exchange Account or a Joint Disbursement Account in an amount sufficient for the QI to acquire the applicable Replacement Property.

  • The MD Property Acquisition Cost is expected to be financed by a combination of drawdown from First REIT’s committed debt facility and proceeds from a private placement exercise which is proposed to be carried out by the Manager.

  • These expenses, as listed in the table below, are reimbursable by Sacramento Basketball Holdings, LLC (SBH) and its affiliates, including Sacramento Downtown Arena LLC (ArenaCo), under the provisions of the Arena Design and Construction Agreement (Resolution 2014-0132) and the Property Acquisition Cost, Defense and Indemnity Agreement (Motion No.2013-0215; and as amended per Resolution 2014-0132).

  • Attach additional sheets, if necessary.Description of Property Acquisition Cost New Acquisition Year True Cash Value Assessor's Calculations Total Acquisition Cost New G1 G2 SECTION H - Standard ToolingYou must report your standard tooling in this Section.


More Definitions of Property Acquisition Cost

Property Acquisition Cost means the cost to the Agent Lessor to purchase the Land and other costs incurred in connection therewith, including, without limitation, all professional fees and permitting, survey, title and other similar costs.
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Property Acquisition Cost means the cost to the Lessor to purchase a Property or, in the case of a Property subject to a Ground Lease, the initial cost to enter into such Ground Lease, on a Property Closing Date with respect to such Property, including all professional fees, and permitting, survey, title, freight and installation costs and other similar costs.
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Property Acquisition Cost means the cost to the Lessor to acquire the Land and the Improvements and other costs incurred in connection therewith, including all professional fees and permitting, survey, title and other similar costs.
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Property Acquisition Cost means, with respect to the Property, the amount funded by the Lessor under the Participation Agreement to pay the Existing Owner for the purchase price of the Existing Facility as set forth in the Acquisition Request therefor.
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Property Acquisition Cost means the cost to the Lessor Parties for the Lessor to purchase the Property on the Property Closing Date (including Transaction Expenses). “Property Closing Date” shall mean the Initial Closing Date. “Property Cost” shall mean (a) the aggregate amount of the Lessor Advances (in each case, as such amounts shall be increased pro rata according to the Lessor Advances advanced or extended from time to time including to pay for the Transaction Expenses and Uninsured Force Majeure Losses) and (b) respecting the various amounts described in the foregoing subsection (a), all the occurrences and items giving rise to all such amounts. “PTEs” shall have the meaning given to such term in Section 12.24(a) of the Participation Agreement. “Punchlist Advance” shall have the meaning given to such term in Section 5.11 of the Participation Agreement. “Punchlist Deadline” shall have the meaning given to such term in Section 5.11 of the Participation Agreement. “Purchase Agreement” shall mean the Agreement of Purchase and Sale and Joint Escrow Instructions dated as of October 4, 2017 by and between Xxxxxx Land Company and the Lessee, without regard to any amendment, modification, extension, supplement, restatement and/or replacement thereof subsequent to such date. “Purchase Money Security Interest” shall mean Liens upon real or tangible personal property securing loans to any Credit Party or Subsidiary of a Credit Party or deferred payments by such Credit Party or Subsidiary for the purchase of such real or tangible personal property. “Purchase Option” shall have the meaning given to such term in Section 20.1 of the Lease.
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Related to Property Acquisition Cost

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.

  • Acquisition Costs means all fees, costs, expenses, stamp, registration or transfer Taxes incurred by the Group in connection with the Acquisition.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • After-Acquired Property means any property (other than Collateral or Excluded Property) that is acquired or otherwise owned by the Company or any Subsidiary after the Issue Date of a type that secures the Secured Obligations.

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Property Value means the aggregate fair value of the properties (land and buildings) held by the Group according to the latest consolidated Financial Report, adjusted for any investments in and depreciations of the properties, respectively, during the period starting on the day falling immediately after the last day of the period covered by the latest consolidated Financial Report and ending on the relevant Record Date.

  • Formation Cost means preliminary expenses relating to regulatory and registration fees of the Scheme, flotation expenses of the Scheme, expenses relating to authorization of the Scheme, execution and registration of the Constitutive Documents, legal costs, printing, circulation and publication of this Offering Document, announcements describing the Scheme and all other expenses incurred until the end of the Initial Period.

  • Transaction Costs means the costs incurred or estimated by the Management Company to cover the costs (such as, but not restricted to, brokerage, Trustee charges, taxes or levies on transactions, etc.) related to the investing or disinvesting activity of the Trust’s portfolio, inter alia, necessitated by creation or cancellation of Units, which costs may be added to the NAV for determining the Offer Price of Units or to be deducted from the NAV in determining the Redemption Price.

  • 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.

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Retained Asset Sale Proceeds means that portion of Net Proceeds of a Prepayment Event pursuant to clause (a) of such definition not required to be applied to prepay the Loans pursuant to Section 2.11(c) due to the Disposition/Debt Percentage being less than 100%.

  • Company Transaction Costs means all fees, costs and expenses of the Group Companies, in each case, incurred prior to and through the Closing Date in connection with the negotiation, preparation and execution of this Agreement, the other Transaction Agreements and the consummation of the Transactions, including: (a) all change of control bonus payments, retention or similar payments payable solely as a result of the consummation of the Transactions pursuant to arrangements (whether written or oral) entered into prior to the Closing Date whether payable before (to the extent unpaid), on or following the Closing Date (excluding any “double-trigger” payments), and the employer portion of payroll Taxes payable as a result of the foregoing amounts; (b) all severance payments, retirement payments or similar payments or success fees payable pursuant to arrangements (whether written or oral) entered into prior to the Closing Date and which are payable in connection with the consummation of the Transactions, whether payable before (to the extent unpaid), on or following the Closing Date (excluding any “double-trigger payments”), and the employer portion of payroll Taxes payable as a result of the foregoing amounts; (c) all transaction, deal, brokerage, financial advisory or any similar fees payable in connection with the consummation of the Transactions; and (d) all costs, fees and expenses related to the D&O Tail; but excluding (i) any and all costs, fees and expenses incurred in connection with the preparation and filing of the Proxy Statement (and any registration statement filed with the SEC in connection therewith) and the review and/or approval thereof by the SEC, (ii) any and all costs, fees and expenses incurred in connection with the listing on Nasdaq of the shares of Parent Class A Stock issued in connection with the Transactions, (iii) any transfer, documentary, sales, use, stamp, registration, excise, recording, registration value added and other similar Taxes and fees (including any penalties or interest) payable in connection with the Transactions, and (iv) any other amounts payable by Parent hereunder.

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Permitted Acquisition Consideration means, in connection with any Permitted Acquisition, the aggregate amount (as valued at the Fair Market Value of such Permitted Acquisition at the time such Permitted Acquisition is made) of, without duplication: (a) the purchase consideration for such Permitted Acquisition, whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and including any and all payments representing the purchase price and any assumptions of Debt and/or Guaranties, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or business and (b) the aggregate amount of Debt assumed in connection with such Permitted Acquisition; provided in each case, that any such future payment that is subject to a contingency shall be considered Permitted Acquisition Consideration only to the extent of the reserve, if any, required under GAAP (as determined at the time of the consummation of such Permitted Acquisition) to be established in respect thereof by Holdings or its Restricted Subsidiaries.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 2 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Land acquisition means the taking of or alienation of land, buildings or other assets thereon for purposes of the Project.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.