Lot Cost definition

Lot Cost means, with respect to each Lot in question, the Lot Improvement Construction Costs incurred as of the date of determination allocable to such Lot, less (a) the amount of any write downs or impairments, and (b) the amount of any Governmental Authority reimbursements received by Borrower.
Sample 1Sample 2
Lot Cost means the Dollars actually expended by Borrower for the hard costs necessary to acquire a Finished Lot. The Dollars expended by Borrower for sales commissions shall not be included in the determination of the Lot Cost for any Lot.
Sample 1

Examples of Lot Cost in a sentence

  • The total Acquisition Cost must not exceed the Acquisition Cost limit in effect on the Closing Date.2. Exclusion of Lot Cost: If the site has been owned by the Eligible Borrower for at least two years before the date on which construction of the Single-Family Residence begins, the site cost may be excluded from the Acquisition Cost.

  • PARENT/GUARDIAN SIGNATURE: Date Email completed form to westbendlax@yahoo.com by September 8TH, 2017Any questions please contact Steve Stanek 414-897-4524Kids 4K-5th grades, wear your costumes, bring a bag and come to Erin School PTC’sTrunk-or-Treat! When: Friday, October 13, 2017 Time: 5:00-7:00pmWhere: Erin School Parking Lot Cost: FreeWeather pending, we will have an outdoor Halloween movie and other activities as well.

  • PRECO will supply and install all primary, secondary, duct, and cable, excluding feeder line and switch gear.Per Lot Cost Current year cost 2.

  • If the request can be handled within the network or does not meet the criteria, the Delegate can modify or deny as appropriate.

  • If the Lot Cost Basis Interim Balance is greater than zero in any calendar year, notwithstanding a reduction to zero in a prior year, Total Proceeds received in such year will first be applied to reduce the Lot Cost Basis Interim Balance to zero before the Developer Equity Balance is further reduced.

  • Incorporation of project reports relating to existing soils and environmental conditions Development Fee Studies Cost-to-Complete Estimates Finished Lot Cost Estimates Paper Lot Cost Estimates Conceptual Estimates Due Diligence & Value Engineering Constructability Analysis Because of our experience, we are able to quickly assess the overall project and make cost saving and value engineering recommendations that can ultimately enhance your bottom line.

  • Discussion of Inter-Driver Contracting, the Assumption of Dis- crete Time, and the Parking Lot Cost FunctionThe rent-seeking behavior of drivers can be avoided by either increasing the capacity level or by restricting the entry to the facility.

  • Similarly, if the Developer Equity Balance is greater than zero in any calendar year, notwithstanding a reduction to zero in a prior year, Total Proceeds received in such year will be applied, after reduction of any positive Lot Cost Interim Balance in such year, to reduce the Developer Equity Balance to zero before any additional Excess Profit accrues.

  • Each Optionor shall deliver to Optionee a written notice (the “Finished Lot Cost Differential Notice”) with respect to the Eligible Properties in which it owns an interest, setting forth each Project Finished Lot Cost Differential, broken down by line item, not less than five (5) Business Days before the Closing [(as may be extended in connection with the parties’ determination of each Project Finished Lot Cost Differential, as set forth in the definition of such term)].

  • Optionor shall deliver to Optionee a written notice (the “Finished Lot Cost Differential Notice”) setting forth each Project Finished Lot Cost Differential, broken down by line item, not less than five (5) Business Days before the Closing [(as may be extended in connection with the parties’ determination of each Project Finished Lot Cost Differential, as set forth in the definition of such term)].

Related to Lot Cost

  • Equipment Cost means, for any Item of Equipment, the gross amount paid by the Company to the manufacturer thereof, including all applicable sales taxes, and delivery charges as invoiced by such manufacturer to the Company.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • 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.

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Operating Cost means the costs associated with operating a DCA funded property after it is placed in service.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Target Cost as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • 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;

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Base Cost means base cost as defined in paragraph 1 of the Eighth Schedule;

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

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement and, if any, premium costs on other school authority financial statements for the year not ending later than August 31, 2015. The statements are to be provided to the Ministry of Education.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • 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.

  • 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.