Land Cost definition

Land Cost shall have the meaning specified in Section 5.4 of the Agency Agreement.

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Land Cost means the gross purchase price paid by Landlord to acquire the Property.

Land Cost means one hundred percent (100%) of the cost of the Land for all, but not less than all, the Properties.

Examples of Land Cost in a sentence

• Should Chevron elect not to participate in the drilling of an Initial Test Well on an Exhibit "B" Prospect, the earning provisions for Ridgewood as described in Article 3 and this Section 4.2, including but not limited to the Land Cost reimbursement, shall not apply and the earning provisions under the farmout shall control.

• The resulting initial base rent during the first year of the lease term shall equal: (Total Development Costs + Land Cost + Developer’s Fee) X Rent Factor.

• If the Parties are unable to agree upon the form and substance of an Excluded Land Easement, an Excluded Land Co-Existence Agreement or an Excluded Land Cost Sharing Agreement, either Party may submit such disagreement to binding arbitration in accordance with the provisions of Section 27.1 hereof.

• Land Cost contribution will also be adjusted to reflect this change in cost sharing percentage and Ridgewood will continue to have the obligation to contribute its adjusted proportionate share of the Land Costs incurred by Chevron in acquiring and maintaining the Leases in the Prospect to be drilled as described above.

• The Maximum Residual Guarantee Amount shall mean an amount equal to the product of the aggregate Property Cost of the Leased Property (exclusive of any Land Cost) multiplied by eighty-three and one-half percent (83.5%).

More Definitions of Land Cost

Land Cost means the cost and expenses for obtaining the Land Use Rights, subject to Article 7.3 hereof. “Land Use Rights” means the legal and beneficial right to use the Land for the purposes envisioned in this Contract, including granted land use rights or leased land use rights under Chinese laws and regulations. “Legislative Requirements” means: (a) any law applicable to the Facility, including statutes, regulations, by-laws, orders, proclamations or other subordinate legislation of any national, regional local or other competent authority having any jurisdiction in connection with the construction of the Facility; and (b) Approvals (including any condition or requirement under them). “Material Breach” or “Materially Breach” means, except as otherwise specified in this Contract, any breach of the terms or conditions of this Contract, including its Suzhou Fangzhen Construction/Metaldyne Pre-Lease Agreement 7

Land Cost means $10,560,000.00.

Land Cost means the total bonus, finder fees, accumulated annual rentals and obligations to maintain any leases paid by Chevron before and after

Land Cost means the Obligors’ actual cost incurred to purchase the Raw Land.

Land Cost being an amount equal to the sum of (A) Seventeen Dollars ($17.00) multiplied by the Rentable Area of the Premises (the "Base Land Cost") plus (B) an amount equal to the Base Land Cost multiplied by five percent (5%) multiplied by the number of full years and the fraction of a year between the April 7, 1998 and the Commencement Date.

Land Cost. = Square Feet x Per Square Foot Cost.

Land Cost means and includes: