Property Improvement Costs definition

Property Improvement Costs means, with respect to any Construction Property, the aggregate amount of (i) Fundings made to the Construction Agent for such Property for the purpose of constructing Improvements on such Property and paying the Transaction Expenses (including estimated future Transaction Expenses) relating to such funding and construction and (ii) Fundings made or deemed made for such Property during the Construction Period applicable thereto for Capitalized Interest, Capitalized Commitment Fees and other capitalizable amounts as provided in the Construction Agency Agreement.
Sample 1
Property Improvement Costs means out-of-pocket costs of the Construction Agent incurred and properly payable under the Construction Documents in accordance with the Operative Documents.
Sample 1Sample 2
Property Improvement Costs means, with respect to any Property, the Property Cost of such Property minus the Land Acquisition Cost of such Property.
Sample 1Sample 2

Examples of Property Improvement Costs in a sentence

  • The proceeds of each Advance will be used only for the purpose of financing the acquisition of Land or leasehold interests therein (and Improvements existing thereon, if any) and, the payment of Property Improvement Costs incurred in connection therewith.

  • The Lessor may in connection with a Casualty, Condemnation or purchase by the Lessee of a Property at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty (subject to Section 13.10 of the Participation Agreement), upon at least three (3) Business Days' written notice to the Agent, specifying the date and amount of prepayment and the Land Acquisition Costs and/or Property Improvement Costs to which such Loans are allocable.

  • The amount of the Advance requested represents amounts advanced or to be advanced by the Construction Agent to third parties in connection with Land Acquisition Costs or Property Improvement Costs.

  • Subject to the terms and conditions hereof and of the Participation Agreement, each Lender severally agrees to make loans (the "Loans") to the Lessor Trust from time to time during the Commitment Period for the purpose of enabling the Lessor Trust to acquire or obtain fee or leasehold interests in the Property and to pay Land Acquisition Costs and Property Improvement Costs, in an aggregate principal amount not to exceed the amount of such Lender's Commitment.

  • The amount of the Advance requested represents amounts owed by the Lessee requesting such Advance in respect of Land Acquisition Costs, Existing Improvement Costs or Property Improvement Costs, as the case may be, incurred on or prior to the date of such Advance and for which such Lessee has not previously been reimbursed by an Advance or represent amounts with respect to Equity Yield Advances or Interest Payment Loans.

  • On each date an Equity Advance is made, the Equity Amounts and the Property Improvement Costs of the applicable Construction Period Property shall each be increased by an amount equal to such Equity Advance.

  • The amount of the Advance requested represents amounts advanced or to be advanced by the Construction Agent to third parties (except for the 37 Construction Agent Fee) in connection with Land Acquisition Costs or Property Improvement Costs.

  • The amount of the Advance requested represents amounts owed by the Lessee or Construction Agent in respect of Land Acquisition Costs, Property Improvement Costs or Transaction Expenses, as the case may be, incurred prior to the date of such Advance and for which the Lessee has not previously been reimbursed by an Advance or represent amounts with respect to Commitment Fees.

  • The Lessee shall pay to the Lessor an Arrangement Fee (the "Arrangement Fee") in the amount of $85,500.00, which amount shall be payable on the Improvements Closing Date for City Center V and will be capitalized and included in the Property Improvement Costs of City Center V.

  • Section 2.1 of the Loan Agreement is hereby amended by inserting the words "and Property Improvement Costs" immediately after the words "and to pay Property Acquisition Costs" appearing in the fifth line thereof.


More Definitions of Property Improvement Costs

Property Improvement Costs means the sum of the aggregate amount of the Site Improvement Costs for all Sites, including all Transaction Expenses and the Nonuse Fees.
Sample 1Sample 2
Property Improvement Costs means, with respect to any Property, the aggregate amount of Advances funded to the Construction Agent for the purpose of constructing Improvements on such Property and paying the Transaction Expenses relating to such funding and construction, as such amount is set forth in the Acquisition Request and Funding Requests relating to such Property. The Property Improvement Costs for any Property shall include all Interest Payment Loans and Equity Yield Payment Advances that were made during the Construction Period for such Property.
Sample 1
Property Improvement Costs means, with respect to any Property, the cost of constructing all Improvements on the Land in accordance with the Plans and Specifications therefor.
Sample 1

Related to Property Improvement Costs

  • 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;

  • Public improvement costs means the costs of:

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected. Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • 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.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being agreed that Seller shall bear the loss resulting from any free rental period until the date of Closing and that Purchaser shall bear such loss from and after the date of Closing.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by any Group Company, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the Lease for such Leased Real Property.

  • Licensee Improvements means any enhancement to or modification or improvement of the Licensed Patents and/or the Proprietary Information created by or on behalf of Licensee and/or any of its subsidiaries.

  • Project Improvements means site improvements and facilities that are:

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Home improvement means the remodeling, altering,

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • 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:

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Maximum medical improvement means a point in time when any medically

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Joint Improvements means (a) any and all Improvements to the Acceleron Technology created, conceived or reduced to practice, and, in the case of patentable Improvements, Invented, solely by Celgene, its Affiliates, agents or by Third Parties acting on their behalf, while performing activities under this Agreement; and (b) any and all Improvements to the Acceleron Technology or Joint Technology created, conceived or reduced to practice, and, in the case of patentable Improvements, Invented, jointly by Acceleron and Celgene, their respective Affiliates, agents or Sublicensees or by Third Parties acting on their behalf, while performing activities under this Agreement; provided, however, that Joint Improvements shall not include any Improvement that is a Celgene Improvement or Acceleron Improvement.