Acquisition and Development Costs definition

Acquisition and Development Costs means the total cost of acquiring the Property and developing and constructing the Improvements thereon, as set forth in the Project Budget, including Eligible Predevelopment Costs, and subject to the limitations set forth in the Method of Financing (Att. No. 3). The phrase “Acquisition and Development Costs” expressly excludes (i) any damages or other monetary remedies awarded against Developer in any court judgment, arbitration award, or settlement related to any dispute involving financing or construction of the Project and (ii) any legal expenses, court costs, and similar expenses incurred by Developer in connection with any dispute involving financing or construction of the Project.
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Acquisition and Development Costs. Section 1.5(b)(i)
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Acquisition and Development Costs means the total cost of acquiring the Property and rehabilitating and developing the Improvements thereon, as set forth in the Project Budget.
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Examples of Acquisition and Development Costs in a sentence

  • To the extent that the sum of the Sources of Financing described in Section 2.1 above, is insufficient to pay all Acquisition and Development Costs, Developer shall demonstrate the availability prior to the Closing of increased Developer's Equity at least equal to the shortfall.

  • Notwithstanding Section 317, upon and after the Closing, Developer shall have the right to encumber the Property with one or more Senior Loan Deeds of Trust, but only for the purpose of securing loans of funds to be used for financing and refinancing the Acquisition and Development Costs and other expenditures necessary and appropriate to develop the Property under this Agreement, consistent with the amounts to be financed by Developer per the Method of Financing (“Permitted Financing Purposes”).

  • Developer shall have delivered to the City final revisions to the Project Budget (Attachment No. 7 to the DDA), which have been approved by the Mayor, demonstrating to the satisfaction of the City the availability of sufficient funds to pay all Acquisition and Development Costs (“Final Project Budget”).

  • The proceeds of the City Loan shall be used exclusively to pay Acquisition and Development Costs for the Affordable Units as identified in the Project Budget (Attachment No. 7) and reasonably approved by the Mayor.

  • The parties anticipate that all Acquisition and Development Costs shall be as set forth in the Project Budget (Attachment No. 7 to the DDA), incorporated herein by this reference.

  • The amount of the City Loan shall be finalized after the Mayor approves all Sources of Financing and uses of Acquisition and Development Costs set forth in the Project Budget (Attachment No. 7), in accordance with the Schedule of Performance (Attachment No. 5).

  • The sum of the Sources of Financing described in Section 2.1, above, shall be sufficient at all times to pay all Acquisition and Development Costs as set forth in the most recently approved Project Budget, and the sum of the permanent Sources of Financing described in Section 2.2, above, shall be at least equal at all times to the sum of the construction Sources of Financing plus all other Acquisition and Development Costs.

  • The sum of the Sources of Financing described in Section 2 above shall be sufficient at all times to pay all Acquisition and Development Costs as set forth in the most recently approved Project Budget.

  • Property Acquisition and Development Costs may include:• Site acquisition costs • Accrued consultant costs• Council costs• Site capital work costs The Responsible Entity believes that this approach to valuation as well as traditional valuation methods will provide its Investors with the most appropriate approach to long term investment holdings.

  • In order to obtain the Lenders’ consent, the Trustee-Manager is taking steps to secure onshore PRC debt financing to finance part of the Acquisition and Development Costs, to be secured over Foshan Yicui Shijia Shopping Mall and Chengdu Qingyang Guanghua Shopping Mall.


More Definitions of Acquisition and Development Costs

Acquisition and Development Costs means the sum of (a) purchase price, whether cash or credit, paid, or for which Owner is obligated to pay (if on credit), for the Property, together with all closing costs paid by Owner, including title insurance, recordation charges, registration and transfer taxes, if any, and similar expenses, and to the extent reflected on the closing statement executed by Owner in connection with the acquisition of the Property, all fees and expenses paid or incurred by or on behalf of Owner in connection with the acquisition of the Property, including legal, engineering and consulting fees, any real estate commissions or brokerage fees paid by Owner, or on behalf of Owner, to anyone in connection with such acquisition (the "Acquisition Costs") and
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Acquisition and Development Costs means costs of the development of the Property and the construction of the improvements thereon in accordance with the DDA.
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Acquisition and Development Costs means the total cost of acquiring the Property, entitling, designing, engineering, developing and constructing the Improvements thereon, and stabilizing the Project to a break-even level of operations, as set forth in the Project Budget, and subject to the limitations set forth in the Method of Financing (Attachment No. 4). The term “Acquisition and Development Costs” expressly excludes: (1) any damages or other monetary remedies awarded against Developer in any court judgment, arbitration award, or settlement related to any dispute involving financing or construction of the Project; and (2) any legal expenses, court costs, and similar expenses incurred by Developer in connection with any dispute involving financing or construction of the Project.
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Acquisition and Development Costs expressly excludes: (1) any damages or other monetary remedies awarded against Developer in any court judgment, arbitration award, or settlement related to any dispute involving financing or construction of the Project; and (2) any legal expenses, court costs, and similar expenses incurred by Developer in connection with any dispute involving financing or construction of the Project.
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Acquisition and Development Costs means the total cost of acquiring the Property and developing and constructing the Improvements thereon, as set forth in the Project Budget, and subject to the limitations set forth in the Method of Financing (Attachment No. 4). The phrase “Acquisition and Development Costs” expressly excludes: (1) any damages or other monetary remedies awarded against Developer in any court judgment, arbitration award, or settlement related to any dispute involving financing or construction of the Project; and (2) any legal expenses, court costs, and similar expenses incurred by Developer in connection with any dispute involving financing or construction of the Project.
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Related to Acquisition and Development Costs

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • land development area means an erf or the land which is delineated in an application submitted in terms of this By-law or any other legislation governing the change in land use and “land area” has a similar meaning;

  • Land development means the erection of buildings or structures on land, or the change of use of land, including township establishment, the subdivision or consolidation of land or any deviation from the land use or uses permitted in terms of an applicable land use scheme;

  • land development application means the application for a land development permit on a form provided by [local jurisdiction] along with the supporting documentation required in Section [Y]-10(a).

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • spatial development framework means the Kouga Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • fruitless and wasteful expenditure means expenditure that was made in vain and would have been avoided had reasonable care been exercised;

  • medium term expenditure framework ’ means a budgeting framework applied by the National Treasury which—

  • Cluster development means a contiguous cluster or

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Housing development as used in this section, means a development project for five or more residential units, including mixed-use developments. For the purposes of this section, “housing development” also includes a subdivision or common interest development, as defined in Section 4100 of the Civil Code, approved by a city, county, or city and county and consists of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. For the purpose of calculating a density bonus, the residential units shall be on contiguous sites that are the subject of one development application, but do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located.

  • Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Transformative Acquisition means any acquisition or Investment by the Borrower or any Restricted Subsidiary that is either (a) not permitted by the terms of this Agreement immediately prior to the consummation of such acquisition or Investment or (b) if permitted by the terms of this Agreement immediately prior to the consummation of such acquisition or Investment, would not provide the Borrower and its Restricted Subsidiaries with adequate flexibility under this Agreement for the continuation and/or expansion of their combined operations following such consummation, as determined by the Borrower acting in good faith.