Real Estate Package definition
Examples of Real Estate Package in a sentence
The Development Fee is capped to the budget for such Development Fee as presented in the Real Estate Package.
If, as a result of a change to the anticipated development of a Property, additional value has been created, the corresponding cost overrun to create such additional value shall not be included in the computation of cost overruns, assuming that the annual stabilized yield after the change is greater than or equal to the annual stabilized yield represented in the Real Estate Package.
All updates of the documents listed in the Disclosure Schedule and Real Estate Package shall take the form of a document describing, per Property, the alterations and/or additional information to the Disclosure Schedule and Real Estate Package remitted at signing of this Agreement.
Each Loan may only be used for financing or refinancing, directly or indirectly, payment of the costs and expenses referred to in the Budgeted Costs in relation to the Development of a Property as specified in the Real Estate Package for that Property.
Certain direct costs, including certain marketing costs and information system costs, that also benefit other properties managed by Shurgard, may be paid by Shurgard or its relevant Affiliate and recuperated from the Subsidiaries (on a fair and reasonable basis) through a Pool Account Reimbursement as outlined in the relevant Real Estate Package (“ Pool Account Reimbursement”).
In addition, any contract or other agreement entered into between the date hereof and the Closing Date that would have been required to be listed on Schedule 4.14 ------------- hereto if entered into prior to the date hereof shall be delivered to Buyer by IQX promptly after being entered into and shall be deemed to be a Material Agreement for all purposes of this Agreement.
Shurgard shall use all due care and diligence and employ all reasonable efforts to ensure that the actual costs of developing the Properties in accordance with the terms of this Agreement shall not exceed the budget as presented in the Real Estate Package therefor; provided, however, the Company and Shurgard hereby acknowledge and agree that the Real Estate Package shall be prepared for planning purposes and Shurgard is not warranting that development costs of the Properties be as budgeted.
Shurgard shall be responsible for ensuring that the Property complies with all Environmental Laws and shall procure that all necessary clean up will take place in the course of the development of the Property or before acquisition by the Company as represented by the Real Estate Package.
Shurgard shall use its best efforts to obtain as soon as practical all building permits and authorisations and all necessary permissions, consents, approvals, licences, certificates and permits in legally effectual form necessary to commence, carry out and complete and to maintain and use the development in accordance with the Real Estate Package.
A Real Estate Package for the Additional Property and, with regard to the projected Budgeted Costs set out in that Real Estate Package, an overview by a Construction Cost Consultant.