Town Costs definition

Town Costs means all costs associated with the Disposition of Land, including but not limited to, legal fees, survey, reference plan, Appraisal, Letter of Opinion, due diligence research, etc.;
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Town Costs means the Town’s reasonable and necessary third-party out of pocket fees, costs and expenses incurred in drafting, reviewing or negotiating this Agreement, the Service Plan, the Financing Plan, the Add-On PIF Covenant, the Credit PIF Covenant, the Sales Tax Credit Ordinance, the PIF Collection Agreement, and all other related documents, certificates or agreements, including without limitation legal fees and consultant fees. Town Costs may be paid or reimbursed from proceeds of the District Bonds or from District Pledged Revenues on deposit with the Escrow Agent, as set forth in Section 4.7
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Town Costs means (i) all reasonable outside professional and consultant fees, out of pocket costs or expenses incurred by the Town arising out of or in connection with the preparation, performance, administration, or enforcement of this Redevelopment Agreement or arising out of or in connection with the Project; (ii) subject to the Redevelopers' termination rights pursuant to Section 5.7, litigation costs arising out of or in connection with a dispute with a third party with respect to this Redevelopment Agreement or the Project; and (iii) any other out of pocket fee, cost or expense reasonably incurred by the Town, incurred either before or after the date of this Redevelopment Agreement, to satisfy its obligations under this Redevelopment Agreement or in furtherance of the Project, but shall not include any and all costs incurred in connection with the Redevelopers' site plan application to the Planning Board and governed by the escrow deposited by the Redevelopers in connection with such application in accordance with the MLUL.
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Examples of Town Costs in a sentence

  • The Company acknowledges that the impacts of its operation may be impracticable to ascertain and assess as impacts may result in budgetary increases though not separately identified, and consequently, the Company acknowledges that the payments due under this Agreement are reasonably related to Town Costs and waives any claims to the contrary.

  • Upon the earlier of approval of such documentation or expiration of the ten (10) business day period, the Escrow Agent will pay or reimburse the Town for Town Costs from District Pledged Revenues on deposit with the Escrow Agent.

  • Notwithstanding the foregoing, the Parties acknowledge the difficulty in computing actual Town Costs and have agreed to Impact Fee schedule above in lieu of attempting to determine actual Town Costs incurred.

  • OPERATOR acknowledges that the impacts of its operation may be impracticable to ascertain and assess as impacts may result in budgetary increases though not separately identified, and consequently, OPERATOR acknowledges that the payments due under this Agreement are reasonably related to Town Costs.

  • In addition, to the extent that no District Bonds have been issued, District Pledged Revenue on deposit with Escrow Agent in accordance with Section 3.8 may be applied to the payment or reimbursement of Town Costs in the maximum amount set forth in Section 4.3(b) (iii) and Pre-Financing Costs in the maximum amount set forth in Section 4.3(b) (iv) upon receipt of a requisition substantially in accordance with the requirements set forth in Exhibit C.

  • The Company acknowledges that the impacts of the Facility may be impracticable to ascertain and assess as impacts may result in budgetary increases though not separately identified, and consequently, the Company acknowledges that the payments due under this Agreement are reasonably related to Town Costs.

  • To the extent that no District Bonds have been issued, Town Costs in the maximum amount set forth in Section 4.3(b)(iii) may be paid from District Pledge Revenues on deposit with the Escrow Agent in accordance with Section 4.7. In the case of Town Costs, the Town Representative may submit a request for the payment of Town Costs to the District Representative and the Escrow Agent, for review within ten (10) business days.

  • Notwithstanding the foregoing, the Parties acknowledge the difficulty of computing actual Town Costs and have agreed to the Community Impact Fees in lieu of attempting to determine actual Town Costs incurred.

  • Upon any such payment or reimbursement of such Town Costs or Pre-Financing Costs, the maximum amount of Town Costs or Pre-Financing Costs set forth in Section 4.3(b)(iii) or 4.3(b)(iv), as the case may be, shall be correspondingly reduced by such amount so paid or reimbursed from District Pledged Revenues on deposit with the Escrow Agent.

  • In the event that District Bonds are not issued and District Pledged Revenues are applied to the payment or reimbursement of Eligible Costs in accordance with Section 4.7, the Sales Tax Credit shall terminate upon payment or reimbursement of Eligible Costs in an aggregate principal amount of $28,800,000 plus the payment or reimbursement of all Town Costs and Pre-Financing Costs in amounts not exceeding the amounts set forth in Sections 4.3(b) (iii) and 4.3(b) (iv).


More Definitions of Town Costs

Town Costs means (i) all outside professional and consultant fees, out of pocket costs or expenses incurred by the Town arising out of or in connection with the preparation, performance, administration, or enforcement of this Redevelopment Agreement or arising out of or in connection with the Project, after the date of this Agreement; (ii) subject to Redeveloper’s termination rights pursuant to Section 5.7 herein, litigation costs arising out of or in connection with a dispute with a third party with respect to this Redevelopment Agreement or the Project; and (iii) any other out of pocket fee, cost or expense incurred by the Town, after the date of this Agreement, to satisfy its obligations under this Agreement or in furtherance of the Project, but shall not include any and all costs incurred in connection with Redeveloper’s site plan application to the Planning Board and governed by the escrow deposited by Redeveloper in connection with such application in accordance with the MLUL.
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Town Costs means the Town’s reasonable and necessary third-party out of pocket fees, costs and expenses incurred in drafting, reviewing or negotiating this Agreement, the Operating Plan, the Plan of Finance, the Add-On PIF Covenant, the Credit PIF Covenant, the Sales Tax Credit Ordinance, the PIF Collection Agreement, the District Bond Documents, and all other related documents, certificates or agreements, including without limitation legal fees and consultant fees. Town Costs shall be paid or reimbursed from proceeds of the District Bonds in accordance with the District Bond Documents or from Pledged Revenue on deposit with the Escrow Agent in accordance with Section 4.8
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Related to Town Costs

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Relocation Costs means costs incurred in the relocation of the furniture, fixtures, equipment, machinery and supplies, including, but not limited to, the cost of dismantling and reassembling equipment and the cost of floor preparation necessary for the reassembly of the equipment. Relocation costs include only such costs that are incurred during the ninety-day period imme- diately following the commencement of the relocation to an eligible premises. Relocation costs do not include costs for structural or capital improvements or items purchased in con- nection with the relocation.

  • 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.