Total Acquisition Costs definition
Examples of Total Acquisition Costs in a sentence
Borrower acknowledges, agrees and confirms that the obligation of all Lenders, including TFC, to make Acquisition/Construction Loan Advances under this Agreement to the Borrower is limited to the lesser of: (i) 75% of the aggregate of Total Acquisition Costs and Total Construction Costs as set forth in the Approved Budget; or (ii) $11,800,000.00.
The term "Total Acquisition Costs" shall mean all costs, fees and expenses incurred in connection with the acquisition of the Marathon Key Resort as approved by TFC in writing and as set forth in the Approved Budget.
Total Acquisition Costs are $[ ], which is equal to the Loan Proceeds of the Agreement available to pay Acquisition Costs and costs of issuance of the Agreement.
Total Acquisition Costs are $[ ], which is equal to the Lease Proceeds of the Agreement available to pay Acquisition Costs and costs of issuance of the Agreement.