Interim Costs definition

Interim Costs means costs accrued during Project construction including, but not limited to, construction and bridge loan interest costs, servicing fees during construction, real estate tax and insurance during construction, and credit enhancement during construction. Interim Costs is calculated in the “Uses” tab of the Common Application.
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Interim Costs has the meaning set forth in Section 6.3.7a).
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Interim Costs referred to in the Development Agreement shall in no event exceed the sum of $116,503;
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Examples of Interim Costs in a sentence

  • The within designation is further contingent upon (i) Capodagli agreeing to reimburse the Township for any and all Interim Costs in accordance with the Interim Costs Agreement and (ii) negotiating a formal Redevelopment Agreement between the Township and Capodagli.

  • The City is authorized to execute a Short Form Redevelopment Agreement in substantially the form appended hereto as Attachment A, and an Interim Costs Agreement in substantially the form appended hereto as Attachment B.

  • The Entity acknowledges that the execution and delivery of this Interim Costs Agreement shall not be construed as a binding agreement by the Borough Council to designate the Entity as the redeveloper of the Redevelopment Area and that such designation shall only be by formal Resolution adopted by the Borough Council at a duly noticed public meeting.

  • The within designation is hereby made for a limited period of one-hundred and twenty (120) days, and is contingent upon (I) Peron Development, LLC agreeing to reimburse the City for any and all Interim Costs in accordance with the Interim Costs Agreement, and (ii) negotiating and executing a formal Redevelopment Agreement between the City and Peron Development, LLC.

  • The within designation is further contingent upon (i) Capodagli agreeing to reimburse the Township for any and all Interim Costs in accordance with the Amended Interim Costs Agreement and (ii) negotiating a formal Redevelopment Agreement between the Township and Capodagli.

  • This Interim Costs Agreement may be amended or supplemented only by an instrument in writing executed by both the Entity and the Borough.

  • This Interim Costs Agreement represents the entire understanding of the Borough and the Entity with respect to the subject matter of this Interim Costs Agreement and any prior understandings shall be deemed merged herein.

  • Refer to QAP Part C., E – Access to Utilities.✓ Any amount of Workforce Housing sales tax rebates, Enterprise Zone sales tax rebates and Utility company rebates shall be included in the calculation of Total Project Costs.✓ Temporary Relocation Expenses are not included in Eligible Basis.✓ Soft costs contingency may not exceed the lesser of $20,000 or 6% of the subtotals of the Interim Costs, Financing Fees and Expenses and Soft Costs minus the soft cost contingency.

  • The within designation is further contingent upon (i) Burlington Dream Park, LLC agreeing to reimburse the City for any and all Interim Costs in accordance with the Interim Costs Agreement, and (ii) negotiating and executing a formal Redevelopment Agreement between the City and Burlington Dream Park, LLC.

  • Any litigation arising out of this Interim Costs Agreement shall be brought in the Superior Court of New Jersey, Union County vicinage.


More Definitions of Interim Costs

Interim Costs has the meaning set forth in Section 2.3(b)(i).
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Interim Costs means all costs and expenses of every kind and nature relating to the Assets during the period of time from the Effective Time to the Closing Date, determined in accordance with GAAP, including maintenance, capital and operating costs, cost of sales, and property taxes but specifically excluding bonuses in excess of those amounts determined and accrued under the bonus plan outlined in Schedule 10.3 to this Agreement, commissions or compensation in excess of rates in effect as at January 1, 2001, interest charges (after April 30, 2001), depreciation, amortization and non-cash charges and any taxes imposed by or under the Income Tax Act (Canada) or any provincial income tax legislation;
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Interim Costs shall include all reasonable fees and costs of any professional consultant, contractor, legal counsel or vendor retained by the City during the Interim Period.
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Interim Costs means the costs and expenses set out in Schedule 2 of the Seller’s Disclosure Letter, which for the avoidance of doubt shall not exceed a maximum aggregate amount of $200,000 (or such other amount as the Purchaser and the Seller may otherwise agree in writing), which are to be incurred in respect of the Business during the Interim Period (for the avoidance of doubt no such cost or expense shall be deemed to be considered an Interim Cost unless it is set out in Schedule 2 to the Seller’s Disclosure Letter or otherwise agreed in writing by the Purchaser and Seller and is incurred during the Interim Period);
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Related to Interim Costs

  • Related Expenses means any and all costs, liabilities, and expenses (including, without limitation, losses, damages, penalties, claims, actions, reasonable attorney's fees, legal expenses, judgments, suits and disbursements) reasonably incurred by, or imposed upon, or asserted against, Lender in any attempt by Lender:

  • O&M Costs as defined in the Depositary Agreement.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk's office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replacements and office automation and information technology equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property or Property which secures Other Recourse Debt that are the responsibility of the Borrower or the applicable Material Subsidiary that are not paid directly by any Tenant, but excluding depreciation, amortization, interest costs and maintenance capital expenditures.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Program Costs means all necessary and incidental costs of providing program services.

  • FTE Costs means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Direct Costs means the sum of the following:

  • Company Expenses has the meaning provided in Section 8.3.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Exploration Costs means costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects that may contain oil and gas reserves, including costs of drilling exploratory wells and exploratory type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property and after acquiring the property. Exploration costs, which include applicable operating costs of support equipment and facilities and other costs of exploration activities, are:

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • 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.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • 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.

  • Permitted Expenses shall include, without limitation, the expenses set forth in Sections 5.10 and 9.2 hereof.

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Third Party Expenses has the meaning ascribed to it in Section 5.5.

  • Reimbursable Expenses means, for any Shared-Loss Quarter, the amount of actual, reasonable and necessary out-of-pocket expenses (other than Capitalized Expenditures), paid to third parties (other than Affiliates of the Assuming Institution) by or on behalf of the Assuming Institution, as limited by Sections 3.2(c) and (d) of Article III of this Commercial Shared-Loss Agreement, to: