Entitlement Costs definition
Examples of Entitlement Costs in a sentence
If Ground Lessee terminates the Ground Lease, it shall pay to the College incurred Additional Entitlement Costs (as defined below) within 30 days of the termination.
Without limiting Tenant’s obligation to pay any future Entitlement Costs, Landlord acknowledges and agrees that all previously invoiced Entitlement Costs payable pursuant to Section 9.f have been reimbursed by Tenant.
In addition, Project Expenses will in no event include any amounts which Tenant has previously paid to Landlord, including, without limitation, any items included in the Project Renovation Costs, the cost of any tenant improvements constructed in the Front Building and Entitlement Costs.
The Entitlement Costs to be incurred and shared by Landlord and Tenant may not exceed $500,000 without the mutual written consent of Landlord and Tenant.
While DMB is required to make Additional Capital Contributions sufficient to pay all necessary Interim Entitlement Costs prior to the Voluntary Termination Date, for the purpose of determining a Termination Cost Reimbursement, the Interim Entitlement Costs shall be capped at $2,000,000, but such cap shall not be applicable to Termination Cost Reimbursement of Interim Realty Taxes, Interim Water Payments, Interim CD Costs or Other Interim Costs.
Manager shall have no obligation to incur or pay any Entitlement Costs, including, for the avoidance of doubt, any costs to develop, including planning, design, budgeting for, permitting, bidding or contracting relating to the Entitlements.
The Parties agree to cooperate in good faith to timely process and Approve the payment of all Entitlement Costs.
Notwithstanding anything to the contrary contained in the Agreement, Seller and Purchaser agree that the Estimated Entitlement Costs, up to the Entitlement Costs Cap, not indemnified by Seller pursuant to and in accordance with Section 9 of this Amendment on or before expiration of the Survival Period, if any (“Entitlement Holdback Amount”), shall remain in the Holdback Account for the six (6) month period commencing on the expiration of the Survival Period (“Entitlement Holdback Period”).
All Entitlement Costs shall be the responsibility of and shall be paid directly by Lennar Concord.
Under no circumstances shall Lessor have any obligation or liability to pay any of the Entitlement Costs unless the parties otherwise agree in writing in advance.