Building Loan Costs definition

Building Loan Costs means all Project-Related Costs (including Hard Costs and Soft Costs) that are Costs of the Improvements.

Building Loan Costs means all costs and expenses of constructing the Improvements (including Hard Costs and Soft Costs) which are Costs of the Improvements.

Building Loan Costs means those Building Costs that are Hard Costs and that are to be funded from proceeds of the Building Loan, subject to availability and satisfaction of all applicable conditions to Advances under the Building Loan Agreement.

Examples of Building Loan Costs in a sentence

• To establish a VCSD Zone, an application shall be submitted for a text and zoning map amendment as provided in MKZ 19.02.130.

• In no event shall any Advance exceed the full amount of Building Loan Costs theretofore paid or to be paid with the proceeds of such Advance plus any Building Loan Costs incurred by Borrower through the date of the Draw Request for such Advance minus (i) the applicable Retainage for each Contract and Subcontract, and (ii) the aggregate amount of any Advances previously made by Lender.

• Borrower hereby agrees that Borrower shall use the proceeds of the Building Loan to pay or reimburse itself for Building Loan Costs actually incurred in connection with demolition and the construction of the Project Improvements if and to the extent that such Building Loan Costs are reflected in the Building Loan Budget, subject to reallocation pursuant to Sections 2.1.6, 2.1.7 and 5.1.33 (or other reallocations approved by Lender in its sole discretion).

• Lender shall not be required to Advance funds hereunder for any category or line item of Building Loan Costs in excess of the amount specified for such line item or category in the Building Loan Budget, subject to Sections 2.1.6, 2.1.7 and 5.1.33 (or other reallocations approved by Lender in its sole discretion).

• Borrower shall have furnished Agent with evidence in form and content satisfactory to Agent of the Initial Required Equity Funds contributed as of the date immediately preceding the date hereof, which Initial Required Equity Funds are set forth on Schedule 1 hereto, and that the Loan Amount plus all Initial Required Equity Funds will be sufficient to cover all Building Loan Costs and Project Loan Costs reasonably anticipated to be incurred, as set forth in the Budgets.

More Definitions of Building Loan Costs

Building Loan Costs means Costs of the Improvements with respect to the Property. “Capital Expenditures” shall mean, for any period, amounts expended for replacements and alterations to the Property, excluding any Tenant Improvements and Other Tenant Improvements, which are required to be capitalized according to Accounting Principles. “Capital Expenditures Work” shall mean any labor performed or materials installed in connection with any Capital Expenditure. “Closing Date” shall mean the date hereof. “Commitment” shall mean, as to each Lender, such Xxxxxx’s obligation to make disbursements pursuant to this Agreement, in an amount up to, but not exceeding the amount set forth for such Lender on Schedule I attached hereto as such Xxxxxx’s “Commitment Amount” or as otherwise agreed by the applicable Lenders. "Contested Item" shall mean any imposition, mechanic's or materialman's lien asserted against all or any part of the Property if, and so long as (A) Borrower has notified Administrative Agent of same within ten (10) days of obtaining knowledge thereof; (B) Borrower, at its sole cost and expense, shall diligently and in good faith contest the same by appropriate legal, administrative or other proceedings which shall operate to prevent the enforcement of collection of the same and the sale of the Property or any part thereof to satisfy the same; (C) Borrower shall have furnished to Administrative Agent a cash deposit, or an indemnity bond satisfactory to Administrative Agent with a surety satisfactory to Administrative Agent, in the amount of one hundred fifty percent (150%) of such imposition or lien claim to ensure payment of the matters under contest and to prevent any sale or forfeiture of the Property or any part thereof; (D) Borrower shall promptly upon final determination thereof pay the amount of any such imposition or lien claim so determined, together with all costs, interest and penalties which may be payable in connection therewith; (E) the failure to pay such imposition or lien claim does not constitute a default under any other lien instrument, mortgage or security interest or any other document covering or affecting any part of the Property; and (F) notwithstanding the foregoing, Borrower shall immediately upon request of Administrative Agent pay any such imposition or lien claim notwithstanding such contest, if in the reasonable opinion of Administrative Agent the Property shall be in jeopardy or in danger of being forfeited or foreclosed.

Building Loan Costs means, without duplication, (i) all costs and expenses of (a) achieving Final Completion of the Project and Stabilized Occupancy, (b) satisfying the obligations of the Borrower Entities to Agent and Lenders under the Loan Documents, (c) the payment of interest on the Equity Contribution, to the extent the Extension Loan is made, and the payment of interest on the Extension Loan, and (d) Assignments of the Loans (to the extent Borrower is liable therefor pursuant to Section 7.06 hereof) and (ii) all other actual or anticipated non-construction costs payable through the maturity of the Building Loan and necessary to achieve Final Completion of the Project and Stabilized Occupancy (including, without limitation, from and after the date, if any, that either option described in Section 3.19(a) hereof is exercised, that portion of the Extension Fee relating to such option attributable to the Building Loan), but only to the extent, in each of the foregoing clauses (i) and (ii), such costs and expenses are Costs of the Improvement.

Building Loan Costs means, without duplication, (i) all costs and expenses of (a) achieving Final Completion of the Project and Stabilized Occupancy, (b) satisfying the obligations of the Borrower Entities to Agent and Lenders under the Loan Documents, (c) the payment of interest on the Equity Contribution, to the extent the Extension Loan is made, and the payment of interest on the Extension Loan, and (d) Assignments of the Loans (to the extent Borrower is liable therefor pursuant to Section 7.06 of the Building Loan Agreement) and (ii) all other actual or anticipated non-construction costs payable through the maturity of the Building Loan and necessary to achieve Final Completion of the Project and Stabilized Occupancy (including, without limitation, from and after the date, if any, that either option described in Section 3.19(a) of the Building Loan Agreement is exercised, that portion of the Extension Fee relating to such option attributable to the Building Loan), but only to the extent, in each of the foregoing clauses (i) and (ii), such costs and expenses are Costs of the Improvement.

Building Loan Costs. Those costs which are items constituting cost of the Improvements as contemplated by Section 22 of the New York Lien law, as set forth on Schedule E.

Building Loan Costs. Those costs described in Schedule B or the last of any such schedule of building loan costs hereafter approved by Senior Lender, which Senior Borrower represents to Lender are items constituting costs of the Improvements as contemplated by Section 22 of the New York Lien Law.

Building Loan Costs means the hard and soft costs described in the Building Budget, which hard and soft costs constitute Costs of the Improvements.

Building Loan Costs means the costs described in the Building Budget (including Debt Financing Costs), which costs constitute Costs of Improvement. For the avoidance of doubt, Building Loan Costs hereunder shall not include or be duplicative of Project Costs (as defined in the Project Disbursement Agreement), and shall be as reflected in the Line Items hereunder and in the Building Budget.