Permitted Costs Sample Clauses

Permitted Costs. [Insert any Permitted Costs, which are excluded from Net Sales.]
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Permitted Costs. Advances under the Borrowing Base shall be made available by the Lenders pursuant to a Borrowing Base Report issued quarterly by the Administrative Agent or more frequently in the Administrative Agent's discretion and certified by the Borrowers in accordance with the terms of this Agreement. That portion of the Borrowing Base composed of Costs Incurred to Date shall be related to expenditures for each Eligible Facility described in the applicable Total Development Budget. Each Total Development Budget may include the cost of (i) the acquisition by the Borrowers of the Land which is the site of such Facility, (ii) the construction on the Premises of a Facility containing residential units and common facilities (iii) marketing, staffing and similar pre-opening expenses and (iv) an Operating Reserve. Unless otherwise agreed to by the Administrative Agent and to the extent specifically permitted by the Administrative Agent, the process of verification of Requisitions shall confirm the payment by any of the Borrowers of the following costs and expenses related to the development of the Premises and the construction of the Improvements and no others may be included in a Total Development Budget: (i) the payment of interest when due without further authorization or consent of the Borrowers; (ii) the actual cost of the Land and all labor, services, materials, supervision, construction fees and the like reasonably incurred by any of the Borrowers in connection with the construction upon the Land of the Improvements in accordance with the Plans and Specifications; (iii) for the actual cost of pre-opening expenses, marketing expenses and operations of the Facility to the extent of operating deficits; (iv) for the actual cost of commitment fees, extension fees, appraisal fees, closing or settlement costs, fees of attorneys, engineers, architects and accountants, insurance and bond premiums, ad valorem real estate taxes and other costs directly related to the development of the Land and the construction, marketing, initial start-up operating of the Improvements and (v) for the Development Fee and other pre-opening fees.
Sample 1Sample 2See All (6)
Permitted Costs. 8 --------------- Section 2.03. Requisitions Demonstrating Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 ----------------------------------- Section 2.04. Conditions Precedent to Facility Closing and Addition of Deeds of Trust . . . . . . . . . . . . . 9 ----------------------------------------------------------------------- Section 2.05. Conditions Precedent to Determining Availability Under Borrowing Base . . . . . . . . . . . . . . 14 --------------------------------------------------------------------- Section 2.06. Conditions Under Which an Eligible Project is a Completed Facility . . . . . . . . . . . . . . . 16 ------------------------------------------------------------------ Section 2.07. Advances to Others for the Account of the Borrower . . . . . . . . . . . . . . . . . . . . . . . 16 -------------------------------------------------- Section 2.08. Requisitions for the Operating Reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 -------------------------------------- Section 2.09. Assignments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ----------- Section 2.10. Liability of the Lenders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ------------------------ Section 2.11.
Sample 1
Permitted Costs. 2.1 The following will be considered to be permitted costs under this Agreement:
Sample 1
Permitted Costs. 28 Section 2.8 Requisitions Demonstrating Expenses...........................................................28 Section 2.9 Co-Borrower Obligations.....................................................................29 Section 2.10 Agreement Among Borrowers....................................................................30 Section 2.11 Benefits to Borrowers........................................................................31 Section 2.12 Guaranty.....................................................................................31 ARTICLE III......................................................................................................34
Sample 1
Permitted Costs. 28 Section 2.8 Requisitions Demonstrating Expenses................................................................29 Section 2.9 Co-Borrower Obligations............................................................................30 Section 2.10 Agreement Among Borrowers..........................................................................31 Section 2.11 Benefits to Borrowers..............................................................................31 Section 2.12 Guaranty...........................................................................................32 ARTICLE III.............................................................................................................35 COLLATERAL..........................................................................................................35 Section 3.1 Collateral.........................................................................................35 Section 3.2 Eligible Projects..................................................................................35 Section 3.3 Assignment of Partnership Interests................................................................36 Section 3.4 Guaranties.........................................................................................36 Section 3.5 Collateral for Obligations.........................................................................36 Section 3.6 Costs..............................................................................................36 ARTICLE IV..............................................................................................................37
Sample 1
Permitted Costs 
Sample 1
AutoNDA by SimpleDocs

Related to Permitted Costs

  • Permitted Charges 15.2.1 Neither Party shall create or permit to subsist any encumbrance over all or any of its rights and benefits under this Agreement.

  • BILLED COSTS Charges for the services cited in Section II will be billed or cost applied in accordance with the procedures established by the county, and recorded on the books of the cost center providing the service. Such charges will be based on the actual allowable costs, as defined by Uniform Guidance, incurred by the cost center responsible for providing the service. Any differences between the billed allowable costs and the actual allowable costs for a particular accounting period will be considered in a subsequent agreement.

  • Permitted Contests Lessee shall have the right to contest the amount or validity of any Imposition to be paid by Lessee or any Legal Requirement or Insurance Requirement or any lien, attachment, levy, encumbrance, charge or claim (“Claims”) not otherwise permitted by Section 12.1, by appropriate legal proceedings in good faith and with due diligence (but this shall not be deemed or construed in any way to relieve, modify or extend Lessee’s covenants to pay or its covenants to cause to be paid any such charges at the time and in the manner as in this Section provided), on condition, however, that such legal proceedings shall not operate to relieve Lessee from its obligations hereunder and shall not cause the sale or risk the loss of any portion of the Leased Property, or any part thereof, or cause Lessor or Lessee to be in default under any mortgage, deed of trust, security deed or other agreement encumbering the Leased Property or any interest therein. Upon the request of Lessor, Lessee shall either (a) provide a bond or other assurance reasonably satisfactory to Lessor that all Claims which may be assessed against the Leased Property together with interest and penalties, if any, thereon will be paid, or (b) deposit within the time otherwise required for payment with a bank or trust company as trustee upon terms reasonably satisfactory to Lessor, as security for the payment of such Claims, money in an amount sufficient to pay the same, together with interest and penalties in connection therewith, as to all Claims which may be assessed against or become a Claim on the Leased Property, or any part thereof, in said legal proceedings. Lessee shall furnish Lessor and any lender of Lessor with reasonable evidence of such deposit within five (5) days of the same. Lessor agrees to join in any such proceedings if the same be required legally to prosecute such contest of the validity of such Claims; provided, however, that Lessor shall not thereby be subjected to any liability or loss for the payment of any costs or expenses in connection with any proceedings brought by Lessee; and Lessee covenants to indemnify and save harmless Lessor from any such liabilities, losses, costs or expenses. Lessee shall be entitled to any refund of any Claims and such charges and penalties or interest thereon which have been paid by Lessee or paid by Lessor and for which Lessor has been fully reimbursed. In the event that Lessee fails to pay any Claims when due or to provide the security therefor as provided in this Section and diligently to prosecute any contest of the same, Lessor may, upon ten (10) days’ advance Notice to Lessee, and Lessee’s failure to correct the same within such ten (10) day period, pay such charges together with any interest and penalties and the same shall be repayable by Lessee to Lessor as Additional Charges at the next Payment Date provided for in this Lease; provided, however, that should Lessor reasonably determine that the giving of such Notice would risk loss to the Leased Property or cause damage to Lessor, then Lessor shall give such Notice as is practical under the circumstances. Lessor reserves the right to contest any of the Claims at its expense not pursued by Lessee. Lessor and Lessee agree to cooperate in coordinating the contest of any Claims.

  • Costs and Charges 7.19.1 To protect the Landlord from loss arising from any claim as a consequence of any breach by the Tenant of any covenant contained in this Agreement.

  • Increased cost claims (a) A Finance Party intending to make a claim pursuant to Clause 13.1 (Increased costs) shall notify the Agent of the event giving rise to the claim, following which the Agent shall promptly notify the Borrower.

  • Increased Costs (a) If any Change in Law shall:

  • Shared Costs (i) If the Parties elect to establish two-way Local Interconnection Trunks for reciprocal exchange of traffic, the cost of the two-way Local Interconnection Entrance Facility and DTT shall be shared among the Parties. CenturyLink will xxxx XXXX for the entire DTT and Local Interconnection Entrance Facility provided by CenturyLink at the rates in Table 1. CLEC will bill CenturyLink for CenturyLink’s portion of the same DTT and Local Interconnection Entrance Facility at the same recurring rates in Table 1 charged by CenturyLink based on the portion defined in (ii) below.

  • Third Party Costs Except to the extent expressly provided herein to the contrary, all third party costs incurred in connection with actions to be taken by the Company shall solely be the responsibility of the Company, including, but not limited to, all legal, auditing, accounting, underwriting, brokerage, investor communications, and listing, reporting and registration fees or other costs of the SEC, any state or local governments, any national securities exchange and the Financial Industry Regulatory Authority, Inc.

  • Third-Party Charges Customer may incur charges from third party service providers that are separate and apart from the amounts charged by Comcast. These may include, without limitation, charges resulting from accessing on-line services, calls to parties who charge for their telephone based services, purchasing or subscribing to other offerings via the Internet or interactive options on Public View Video, Video, or otherwise. Customer agrees that all such charges, including all applicable taxes, are Customer’s sole responsibility. In addition, Customer is solely responsible for protecting the security of credit card information provided to others in connection with such transactions.

  • Excluded Costs The following items are considered general overhead items and shall not be billed to the District:

Time is Money Join Law Insider Premium to draft better contracts faster.