Hard and Soft Costs definition

Hard and Soft Costs shall also include the costs and expenses incurred by any agent of the Landlord or any other Person for any of the above-mentioned items.

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Hard and Soft Costs means and shall be deemed to include, together with any other proper item of cost which is not specifically mentioned herein, whether incurred prior to or after the date of this Lease, (a) the cost of the acquisition or the ground leasing of the Leased Property, fees and expenses related thereto; (b) the costs and expenses of the Landlord which are incurred for labor and materials and payments to Contractors, builders and materialmen in connection with the acquisition or leasing, construction, renovation and installation of any Individual Property; (c) the cost of contract bonds and of insurance of any kind that may be required or that may be necessary during the course of acquisition, construction, renovation and installation of any Individual Property which is not paid by the Contractor or Contractors; (d) the costs and expenses of the Landlord for test borings, surveys, estimates, plans and specifications and preliminary investigations therefor, and for supervising construction, as well as for the performance of all other duties which are required by or which are consequent to the proper construction, acquisition, renovation and installation of any Individual Property; (e) [Intentionally Omitted]; (f) all other costs which the Landlord shall be required to pay under the terms of any Acquisition Agreement or Construction Agreement for the acquisition, construction, renovation or installation of any Individual Property; (g) any sums which are required to reimburse the Landlord or the Tenant for any advances which are made by either of them for any of the above

Hard and Soft Costs shall also include the costs and expenses incurred by any agent of the Issuer or any other Person for any of the above-mentioned items.

Examples of Hard and Soft Costs in a sentence

Hard and Soft Costs attributable to the District-Initiated Elements shall be the percentage or lump sum shown in Exhibit B, incorporated by reference into this Agreement, incurred from December 13, 2023 until the completion of the Project.
Hard and Soft Costs attributable to the District-Initiated Elements shall be the percentage or lump sum shown in Exhibit B, incorporated by reference into this Agreement, incurred from July 15, 2024 until the completion of the Project.
Not to exceed the lesser of (i) sixty-nine percent (69%) of the appraised discounted value of the Unit, (ii) sixty percent (60%) of the gross retail value of the Unit, (ii) one hundred percent (100%) of the actual “Hard” and “Soft” Costs of construction for the Unit, and (iii) the aggregate approved Hard and Soft Costs per the applicable Unit Loan Budget.
There is hereby established with the Trustee an account within the Project Fund designated "Project Costs Account" for the payment of all Hard and Soft Costs.
An adequate contingency shall be provided for both Hard and Soft Costs.
Borrower hereby agrees that Administrative Agent shall have a lien on and security interest in, for the benefit of Lenders, any sums deposited pursuant to clause (i) above and that Borrower shall have no right to withdraw any such sums except for the payment of the aforesaid Hard and Soft Costs as approved by Administrative Agent (such approval not to be unreasonably withheld, conditioned or delayed).
Borrower shall use the proceeds of the Loan only for the payment of approved Hard and Soft Costs in accordance with the Construction Cost Statement and this Agreement.
Verification of the monthly progress and Hard Costs which have been incurred by Borrower from time to time, and the estimated total Hard Costs, shall be reasonably determined by the Construction Consultant, except that both Hard and Soft Costs are also subject to the reasonable approval and verification by Administrative Agent from time to time.
As part of the first advance of Loan proceeds following the admission of the Replacement Lender, the Replacement Lender shall advance to Borrower, subject to the satisfaction of all conditions of this Agreement, an amount equal to the Hard and Soft Costs paid by Borrower pursuant to clause (ii) of Section 2.09.

More Definitions of Hard and Soft Costs

Hard and Soft Costs means and shall be deemed to include, together with any other proper item of cost which is not specifically mentioned in the Lease, whether incurred prior to or after the date of the Lease, (a) the cost of the acquisition or the ground leasing of the Leased Property, fees and expenses related thereto; (b) the costs and expenses of the Issuer which are incurred for labor and materials and payments to Contractors, builders and materialmen in connection with the acquisition or leasing, construction, renovation and installation of any Individual Property; (c) the cost of contract bonds and of insurance of any kind that may be required or that may be necessary during the course of acquisition, construction, renovation and installation of any Individual Property which is not paid by the Contractor or Contractors; (d) the costs and expenses of the Issuer for test borings, surveys, estimates, plans and specifications and preliminary investigations therefor, and for supervising construction, as well as for the performance of all other duties which are required by or which are consequent to the proper construction, acquisition, renovation and installation of any Individual Property; (e) [Intentionally Omitted]; (f) all other costs which the Issuer shall be required to pay under the terms of any Applicable Acquisition Agreement or Applicable Construction Agreement for the acquisition, construction, renovation or installation of any Individual Property; (g) any sums which are required to reimburse the Issuer for any advances which are made by it for any of the above items, or for any other costs which are incurred and for work which has been done by it, provided that same is properly chargeable to any Individual Property; and (h) such other expenses which are not specified in the Lease or the Agency and Development Agreement and which may be necessary or incidental to the construction, acquisition, renovation and installation of any Individual Property, the financing thereof and the placing of the same in use and operation. "Hard and Soft Costs" shall also include the costs and expenses incurred by any agent of the Issuer or any other Person for any of the above-mentioned items.