Common use of Construction-In-Process Clause in Contracts

Construction-In-Process. The aggregate amount of costs incurred for any build-outs, redevelopment, construction or tenant improvements of Real Estate on or prior to the last day of the fiscal quarter then most recently ended. This value shall not be duplicative of any value given to Development Property.

Appears in 2 contracts

Sources: Credit Agreement (CyrusOne Inc.), Credit Agreement (CyrusOne Inc.)