Addition Cost definition

Addition Cost as used herein shall mean one hundred ten percent (110%) of the aggregate of all soft and hard costs and expenses of any nature whatsoever including, but not limited to the cost of debt (whether or not financed and if not financed the Percentage Factor shall be used as the deemed rate of interest incurred by Landlord) and permit fees required directly or indirectly to design and construct the Addition in accordance with the Plans. The phrase "Percentage Factor" as used herein shall mean 375 basis points in excess of the yield on a United States 30 year Treasury Bond as of the Addition Date, as such yield is reported in The Wall Street Journal, or if such publication is discontinued, then any other nationally recognized financial publication.
View Source
Addition Cost means the "addition" square footage multiplied by the cost per foot average as determined by the Building Official.
View Source
Addition Cost means the cost to construct and complete the Addition.
View Source

Examples of Addition Cost in a sentence

  • In no event shall the portion of the projected Capital Addition Cost comprised of land, if any, materials, labor charges and fixtures be less than ninety percent (90%) of the total amount of such cost.

  • Notwithstanding any other provision of this Article X to the contrary, no Capital Additions shall be made without the consent of Lessor, which consent shall not be unreasonably withheld or delayed, if the Capital Addition Cost of such proposed Capital Addition, when aggregated with the costs of all Capital Additions made by Lessee, would exceed twenty-five percent (25%) of the then Fair Market Value of the Leased Property or would diminish the value of the Leased Property.

  • In no event shall the portion of the projected Capital Addition Cost comprised of land, if any, materials, labor charges and fixtures be less than ninety percent (90%) of the total amount of the projected cost of such Capital Addition.

  • In no event (i) shall the portion of the projected Capital Addition Cost comprised of land (if any), materials, labor charges, fixtures and out-of-pocket expenses (including a reasonable construction management fee) be less than 100% of the total amount of such cost, or (ii) shall Lessee or any of its Affiliates be entitled to any commission or development fee, directly or indirectly, as a portion of the Capital Addition Cost.

  • In the case of any proposed financing to be provided by Lessor, in no event (i) shall the portion of the projected Capital Addition Cost comprised of land (if any), materials, labor charges and fixtures be less than 90% of the total amount of such cost, or (ii) shall Lessee or any of its Affiliates be entitled to any commission or development fee, directly or indirectly, as a portion of the Capital Addition Cost.

  • In no event (i) shall the portion of the projected Capital Addition Cost comprised of land (if any), materials, labor charges and fixtures be less than 100% of the total amount of such cost, or (ii) shall Lessee or any of its Affiliates be entitled to any commission or development fee, directly or indirectly, as a portion of the Capital Addition Cost.

  • In no event (i) shall the portion of the projected Capital Addition Cost comprised of land (if any), materials, labor charges, a five percent (5%) development fee and fixtures be less than 100% of the total amount of such cost, or (ii) shall Lessee or any of its Affiliates be entitled to any commission or development fee (other than described in (i)), directly or indirectly, as a portion of the Capital Addition Cost.

  • Except as provided above, Lessee shall, without the consent of Lessor, have the right to make a Capital Addition if the Capital Addition Cost for such Capital Addition project does not exceed $100,000.

  • In no event (i) shall the portion of the projected Capital Addition Cost comprised of land, if any, materials, labor charges and fixtures be less than 90% of the total amount of such cost, or (ii) shall Lessee or any of its Affiliates be entitled to any commission or development fee, directly or indirectly, as a portion of the Capital Addition Cost.

  • Notwithstanding anything to the contrary herein, all Boise Capital Renovation Project Costs advanced, funded or accrued by Lessor under the Boise Work Letter shall be treated for all purposes as a Capital Addition Cost financed and paid for by Lessor under this Lease.

Related to Addition Cost

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Formation Cost means preliminary expenses relating to regulatory and registration fees of the Scheme, flotation expenses of the Scheme, expenses relating to authorization of the Scheme, execution and registration of the Constitutive Documents, legal costs, printing, circulation and publication of this Offering Document, announcements describing the Scheme and all other expenses incurred until the end of the Initial Period.

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • 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.