INTRACT DEVELOPMENT COSTS definition
INTRACT DEVELOPMENT COSTS means, with respect to each Project, all costs and expenses incurred to acquire the Lots in such Project, and all costs and expenses required to bring the Lots within the Project to a Finished Lot Status, all as shown on the applicable Intract Development Budget. In no event shall Intract Development Costs include expenses that are customarily paid at or near the commencement of construction of Units with respect to such construction, including, without limitation, building permit fees and other related fees and expenses.