Construction and Development Costs definition

Construction and Development Costs means any and all costs and expenses incurred in connection with: (i) the design, development, construction and start-up of the Facility, including, without limitation: (a) all fees and expenses payable pursuant to the terms and provisions of the Design Agreements, (b) all fees and expenses incurred for architectural, engineering, environmental, interior design work, site work, construction costs, material and labor expenses, and planning and professional fees not otherwise included in the Design Agreement, (c) infrastructure improvements, utility installations and hook-up fees, (d) construction permits, certificates and bonds and (e) any payments or expenditures required under the terms of the Commonwealth or any other governmental entity, related to impact mitigation or costs of providing services, (ii) the acquisition, installation and initial testing of the Furnishing and Equipment within the Facility, (iii) Start-Up Expenses, (iv) STWC Fee, payable and (v) all costs, fees and expenses, however designated, incurred in connection with or pursuant to any construction or development-related borrowings by COPR relating to the Project or the Enterprise.
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Construction and Development Costs means the costs incurred by the Company and the Related Entities prior to the Closing Date (to the extent such costs are paid or are included in the Closing Adjustment) in excess of the $26,137,997 of costs incurred and paid with respect to short-term pipeline projects that are already included in the parties’ calculation of the Base Purchase Price (and reflected in the “Projects in Construction Budgets” included in the Company Budget) that are related to the construction and design of any Development Property, Planned Development Property, or Potential Development Property, whether in the conceptual, feasibility, planning, design, entitlement or construction phase, and including without limitation all reasonable and customary demolition and excavation costs, earth moving and construction costs, costs of materials, costs of equipment and fixtures to be installed and incorporated into a Development Property, Planned Development Property or Potential Development Property, costs of mechanical systems, landscaping costs, administrative costs, labor costs, sales tax, costs and fees of third-party space planners, feasibility consultants, architects, engineers, lawyers and other professionals, pre-leasing/marketing costs, financing/tax credit application and closing costs, costs of insurance, travel expense, interest costs, interim ground rent, real property taxes, development fees, construction overhead, land acquisition costs, application fees, costs of any Permits or Entitlements, and any other similar costs that are reasonable and customary in the Company’s industry, but in each case only to the extent that such costs are expressly provided in the Company Budget or otherwise consented to in writing by Parent (which consent shall not be unreasonably withheld or delayed).
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Examples of Construction and Development Costs in a sentence

  • STWC, with the assistance and input of the architect, shall submit to COPR proposed budgets (collectively, the "Development Budget") for all Construction and Development Costs, and related costs which may be identified, prior to the commencement of design by any design consultants.

  • STWC, with the assistance and input of the architect, shall submit to 2600 proposed budgets (collectively, the "Development Budget") for all Construction and Development Costs, and related costs which may be identified, prior to the commencement of design by any design consultants.

  • STWC, with the assistance and input of the architect, shall submit to TBD proposed budgets (collectively, the "Development Budget") for all Construction and Development Costs, and related costs which may be identified, prior to the commencement of design by any design consultants.