Estimated Improvement Costs definition

Estimated Improvement Costs means, as of the Acquisition Date therefor, an amount equal to the aggregate amount which the Construction Agent in good faith expects to be expended in order to achieve Completion with respect to Improvements for the Property, including Construction Costs and Transaction Expenses in each case allocated with respect to such Property during its Construction Period, as such estimated amount may be amended from time to time in accordance with Section 3.2(b) of the Construction Agency Agreement.
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Estimated Improvement Costs for each Site means, as of the Site Acquisition Date for such Site, an amount equal to the aggregate amount which the Construction Agent in good faith expects to be expended for Construction in order to achieve Completion with respect to Improvements for such Site taking into account the Accrued Interest and Yield to be expected based on the funding schedule and the initial estimate of allocated Transaction Expenses.
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Estimated Improvement Costs is defined in Section 2.8(c) of the Construction Agency Agreement.
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Examples of Estimated Improvement Costs in a sentence

  • With respect to any Funding Request related to the acquisition of the Property (or leasehold interest therein), in addition to the foregoing, the Construction Agent shall also specify: (i) the Property to be acquired or leased, (ii) the seller or ground lessor of the Property and the related Land Acquisition Cost, and (iii) the Estimated Improvement Costs.

  • With respect to the first Construction Advance for each Property, the sum of (i) the Acquisition Date Advance made with respect to such Property and (ii) the Estimated Improvement Costs for such Property, shall not be less than $5,000,000, unless mutually agreed to by the Lessor and the Guarantor..

  • With respect to any Funding Request related to the acquisition of a Leased Asset, in addition to the foregoing, the Lessee shall also specify: (i) the Leased Asset to be acquired, (ii) the transferor thereof and (iii), in the case of a Construction Property, whether the Land component thereof is to be acquired through a fee interest or Ground Lease and the Estimated Improvement Costs for such Property.

  • He described the vast difficulties of the surrounding states, all of which seem to be in worse fiscal shape than Connecticut.

  • Estimated Improvement Costs include the following soft costs: 15% contingency, 1% performance and payment bond, 1% insurance, 5% permits and fees, 50% of the 3.85% use tax, 4% construction management, and 1% project management fee.

  • With respect to each Funding Request for a Site Acquisition Date, in addition to the foregoing, the Lessee hereby directs the Lessor to ground lease the Site and the Lessee shall also specify the Estimated Improvement Costs for the Site.

  • With respect to any Funding Request related to the acquisition of a Property, in addition to the foregoing, the Lessee shall also specify: (i) the Property to be acquired, (ii) whether the Land component thereof is to be acquired through a fee interest or Ground Lease, (iii) the seller and/or ground lessor of the Property, and (iv) the Estimated Improvement Costs for such Property.

  • Officers should ensure that Members need the personal information to carry out their official duties and when releasing the information should specify the purpose(s) for which the information may be used or disclosed.

  • Based upon the Estimated Improvement Costs, the City developed a “fair share contribution” fee to be borne by subsequent developers of Tract 5478 for the construction of the Improvements (“Improvement Fee”).

  • In any case, if the actual costs of the Leasehold Improvements exceed the Estimated Improvement Costs, Landlord shall be responsible for such excess costs, except to the extent such excess costs are attributable to changes in the plans and specifications requested by Tenant in writing.


More Definitions of Estimated Improvement Costs

Estimated Improvement Costs means, with respect to any Property as of the related Acquisition Date, an amount equal to the aggregate amount which the Construction Agent in good faith expects to be expended in order to achieve Completion with respect to Improvements for such Property (including amounts expected to be expended to pay interest accruing on Loans and Equity Yield accruing on Equity Amounts allocated with respect to such Property during its Construction Period).
Sample 1
Estimated Improvement Costs means, with respect to any Property as of the date of the first Construction Advance therefor, an amount equal to the aggregate amount which the Construction Agent for such Property in good faith expects to be expended in order to achieve Completion with respect to Improvements for such Property; provided, however, that in no event shall the sum of the Land Acquisition Costs, Existing Improvement Costs and Estimated Improvement Costs for any Property exceed 117.6% of the Fair Market Sales Value of such Property indicated on the As-Built Appraisal of such Property delivered pursuant to Section 6.2(c) of the Participation Agreement or, if the Lessee has delivered or caused to be delivered a subsequent Appraisal of such Property to the Administrative Agent and the Lessor, the sum of the Land Acquisition Costs, Existing Improvement Costs and Estimated Improvement Costs for such Subject Property will not exceed 117.6% of the Fair Market Sales Value of such Property set forth in such subsequent Appraisal. 6 (b) The definition of "As-Built Appraisal" in Appendix A to the Participation Agreement is hereby deleted in its entirety and replaced with the following:
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Estimated Improvement Costs means, with respect to any Property as of the date of the first Construction Advance therefor, an amount equal to the aggregate amount which the Construction Agent for such Property in good faith expects to be expended in order to achieve Completion with respect to Improvements for such Property; PROVIDED, HOWEVER, that in no event shall the Estimated Improvement Costs for any Property exceed 117.6% of (a) the Fair Market Sales Value of such Property indicated on the As-Built Appraisal of such Property delivered pursuant to SECTION 6.2(c) of the Participation Agreement MINUS (b) the Land Acquisition Cost and Existing Improvement Cost of such Property MINUS (c) the Transaction Expenses funded by the Lessor with respect to such Property.
Sample 1

Related to Estimated Improvement Costs

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Public improvement costs means the costs of:

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.  Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Project Cost means the costs incurred in connection with the

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Equipment Cost means, for each Unit, the purchase price therefor -------------- paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Total Project Cost means all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • 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.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by Company or any Company Subsidiary, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the lease for such Leased Real Property.

  • 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.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Home improvement means the remodeling, altering,

  • Estimated Costs means costs estimated by the Authority as likely to be: