Stated Cost definition

Stated Cost means with respect to an item of Collateral, the original cost to Borrower of the item of Collateral net of any and all freight, installation, tax and other soft costs.

Stated Cost means (i) with respect to New Equipment, the original cost to Borrower of the item of New Equipment net of any and all freight, installation, tax and other soft costs or (ii) with respect to Used Equipment, the original cost to Borrower paid in an arm's length transaction, subject in any case to limitations on Other Costs.

Stated Cost means (i) with respect to Eligible Equipment, the original cost to Borrower of the item of Eligible Equipment excluding any and all freight, installation, taxes and other soft costs, and (ii) with respect to Other Equipment, the original cost to Borrower of the item of Other Equipment including any and all freight, installation expenses and other soft costs; provided, however, if an item of Eligible Equipment (other than Eligible Equipment financed with the proceeds of the first Loan advanced under this Agreement) or Other Equipment was purchased by Borrower more than 90 days prior to the Funding Date and Lenders agree to fund such item, the Stated Cost of such item shall be equal to Lenders’ appraised value.

Examples of Stated Cost in a sentence

• If the Stated Cost Limitation is (i) changed by the Owner, and (ii) the need for that change was not caused by the Design Professional, and (iii) the Design Professional has commenced design, as previously authorized by the Owner, and (iv) the SCL change causes a re-design or additional design, then the Design Professional may request an adjustment in compensation for the cost of redesign or additional design.

• In the event the Statement of Probable Construction Cost exceeds the Stated Cost Limitation, the Design Professional agrees that modifications made for the purpose of balancing the Statement of Probable Construction Cost with the Stated Cost Limitation shall not create a claim for Additional Services under Section 3 (Additional Services) of this Contract, except in the event of the discovery of unforeseen conditions, in which case the Design Professional shall be compensated in accordance with Section 3.

• To the extent the Statement of Probable Construction Cost significantly deviates from the Stated Cost Limitation, the Design Professional shall discuss the deviations with the Owner and prepare and submit a plan to address the differences.

• With its recommendation, Design Professional shall (i) provide to Owner and Using Agency any analysis of the Component Change Order price as it relates to Estimates of Probable Construction Cost submitted by the Design Professional and to the Stated Cost Limitation, and (ii) shall recommend to Owner the amount to be established by Owner as an Owner's contingency reserve with respect to the work governed by the Component Change Order if the Component Change Order is approved by the Owner.

• In the event that the Statement of Probable Construction Cost of the work exceeds the Stated Cost Limitation stated in the Contract, the Owner, at its discretion, may modify the Owner’s requirements sufficiently to permit balancing the Statement of Probable Construction Cost with the Stated Cost Limitation.

More Definitions of Stated Cost

Stated Cost means, with respect to each item of Equipment, the dollar amount assigned thereto, as set forth on Annex A to the applicable Loan Terms Schedule, by Borrower and Lender at the time of the making of the Loan for which such item of Equipment serves as collateral.

Stated Cost is (i) with respect to new equipment, the original cost to Borrower of the item of new equipment net of any and all freight, installation, tax and other soft costs or (ii) with respect to used equipment, the net book value assigned to such item of used equipment by Bank, after consultation with Borrower, at the time of the making of the equipment Advance such item of used equipment.

Stated Cost means, with respect to each item of Equipment (i) one hundred percent (100%) of the purchase price (net of taxes, freight and other similar costs) of New Equipment, and (ii) Lender's appraised value as set forth in Annex A to the applicable Loan Terms Schedule with respect to Used Equipment.

Stated Cost means (i) with respect to an item of Eligible Equipment, the original cost to Borrower of the item of Eligible Equipment excluding any and all freight, installation, taxes and other soft costs, and (ii) with respect to an item of Other Equipment, the original cost to Borrower of the item of Other Equipment including any and all freight, installation expenses and other soft costs. 5

Stated Cost means, with respect to each item of Equipment one hundred percent (100%) of the purchase price of Eligible Equipment or Soft Cost; provided, however for the first Loan only (so long as the Funding Date of the first Loan is on or before September 15, 2001) Equipment placed in service on or after January 1, 2001 and after 90 days before the Funding Date of the first Loan shall have a Stated Cost of eighty-five percent (85%) of the purchase price of such Equipment.

Stated Cost means, with respect to each item of Equipment (i) one hundred percent (100%) of the purchase price (net of taxes, freight, installation and other similar costs) of Eligible Equipment, and (b) one hundred percent of the purchase price of Soft Costs.

Stated Cost means (i) with respect to each item of Eligible Equipment, the original cost to Borrower of the item of Eligible Equipment, and (ii) with respect to each item of Other Equipment, the original cost to Borrower of the item of Other Equipment; provided, however, if an item of Eligible Equipment or Other Equipment was delivered to Borrower by the manufacturer or vendor more than 90 days (or, for purposes of the first Loan only, more than 120 days) prior to the Funding Date of the Loan relating to such Equipment, as evidenced by the invoice date of such Equipment, and Lender agrees to fund such item, the Stated Cost of such item shall be equal to Lender's appraised value.