Additional Project Costs definition

Additional Project Costs means all out-of-pocket, unreimbursed hard and soft costs incurred or committed by Landlord including, without limitation, all design fees and expenses, construction costs, general conditions, insurance, financing costs (actual and imputed), inspection fees, commissions, consultants’ and attorneys’ fees, General Contractor’s fees, architect’s fees, due diligence costs, and other development costs in connection with the Project to the extent that any of the aforementioned costs are the result of any of the following: (a) pursuing or obtaining any entitlements or incentives in connection with the Project, to the extent such are requested by Tenant, or to the extent such will directly benefit Tenant and Tenant has consented to Landlord’s pursuit of such; (b) changes to the Project Scope or Working Drawings pursuant to Section 2.1, 2.2 or Section 4 below, except no Additional Project Cost shall be incurred to the extent such are either (i) necessary to conform to the Preliminary Plans, or (ii) made or requested by Landlord and are not a Required Change Order; (c) changes in any Applicable Laws (as hereinafter defined); (d) any Required Change Order or Change Order requested or necessitated by Tenant; (e) Tenant’s Extra Work; (f) any Excused Delays (as hereinafter defined); or (g) changes required by governmental authorities due to code interpretations, except to the extent such are errors or omissions are the responsibility of General Contractor or Architect. For purposes hereof, Change Orders shall be deemed to include an overhead, profit and building supervision charge of ten percent (10%) of the total cost relating to the applicable Change Order.

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Additional Project Costs mean all costs being additional to the Price, which are incurred by CAPITAL-e with respect to the provision of the Services.

Additional Project Costs means all hard and soft costs when and as first incurred or committed by Landlord and/or the General Contractor (as hereinafter defined) including, without limitation, all design fees and expenses, construction costs, general conditions, insurance, financing costs (actual and imputed), inspection fees, commissions, consultants’ and attorneys’ fees, General Contractor’s fees, architect’s fees, due diligence costs, and other development costs in connection with the Project that are the result of any of the following: (a) changes to the Preliminary Plans or Working Drawings (other than to correct errors); (b) changes in any Applicable Laws (as hereinafter defined); (c) any Change Order; (d) Tenant’s Extra Work; (e) any Excused Delays (as hereinafter defined); (f) Allowance (as hereinafter defined) work that exceeds the applicable Allowance amount attributed to such work; or (g) changes required by governmental authorities due to code interpretations unless Landlord’s code interpretation is not reasonable and consistent with interpretations generally made in the region of the Project. For purposes hereof, Change Orders shall be deemed to include an overhead, profit and building supervision charge of ten percent (10%) of the total cost relating to the applicable Change Order.

Examples of Additional Project Costs in a sentence

The cost of such Off-Site Items shall be included in Additional Project Costs and any delays on account of such Off-Site Items shall be included as Excused Delays.
Section 4.1. Completion of the Project 17 Section 4.2. Payment of Additional Project Costs by Borrower 18 Section 4.3. Completion Certificate 18 Section 4.4. No Warranty Regarding Condition, Suitability or Cost of Project 18 Section 4.5. Taxes 18 Section 4.6. Insurance 18 Section 4.7. Compliance with Law 19 Section 4.8. Maintenance and Repair 19 Section 4.9. Disposition of Project Realty by Borrower 19 Section 4.10.
Schedule 5.2(c) to Construction and Term Loan Agreement ------------------------------------ Additional Project Costs ------------------------ The following items are recognized construction costs that are not included in the scope of work of the EPC Contract, as modified by change orders 1-7.
At such time as Landlord may incur, be committed to, or be obligated to pay any Additional Project Costs in excess of the aggregate amount of Allowances, Landlord shall notify Tenant of the nature and amount of such excess.
All amounts for Additional Project Costs to be paid by Tenant shall be paid in cash or immediately available funds unless payment is accomplished by charging against the TI Allowance pursuant to Section 1.6 and 2.4 above.
In no event shall Landlord be required to execute any Change Order with Tenant or work order or change order with Contractor approving any work that is the subject of or relating to the applicable Additional Project Costs until Landlord receives payment of the amount due from Tenant or a request that such be paid by charging such amount against the TI Allowance as provided in Section 1.6 and 2.4 above.
Landlord shall notify Tenant of the amount of the Additional Project Costs which exceed the aggregate amount of Allowances.
In the event that the total amount of all Additional Project Costs incurred by Landlord with respect to work relating to any Allowances is more than the aggregate amount of all Allowances, then Tenant shall be responsible for payment of such excess in accordance with Section 5.2 of this Exhibit B.
The Operator, on behalf of the Company, will use its good faith best efforts to obtain third party financing to cover any Additional Project Costs.
The costs incurred in the performance of Tenant’s Extra Work is due and payable as Additional Project Costs pursuant to Section 5.2 of this Exhibit B; provided, however, Landlord may instead elect to require that Tenant pay the costs of Tenant’s Extra Work to Landlord within a reasonable period of time prior to such time as Landlord is obligated to pay the General Contractor for such work pursuant to the Construction Contract (whether on a percentage of completion basis or otherwise).

More Definitions of Additional Project Costs

Additional Project Costs means cost of the Project in excess of the Estimated Project Costs which costs have been reviewed and approved by the Corporation. Such Additional Project Costs may include costs of refunding outstanding bonds or notes issued by the Recipient to finance Project Costs, which Project Costs meet the requirements of the preceding sentence; provided, however, that in no event shall the principal amount of any Financing exceed the total Project Costs financed by the Financing or by the outstanding bonds or notes refunded by such Financing, as applicable.