Common use of Total Development Cost Clause in Contracts

Total Development Cost. With regard to any Property acquired by the Company prior to or during the development or acquisition stages, all costs and expenses paid or incurred by the Company that are in any way related to the development of such Property, including, but not limited to, land and construction costs. TRIPLE NET. Triple Net Properties, LLC, a Virginia limited liability company. 2%/25% GUIDELINES. The requirement pursuant to the NASAA Guidelines that, in any twelve (12)-month period, total Operating Expenses not exceed the greater of two percent (2%) of the Company's Average Invested Assets during such twelve (12)-month period or twenty-five percent (25%) of the Company's Net Income over the same twelve (12)-month period.