Net Development Costs definition

Net Development Costs means the actual Development Costs plus Actual Pre-Opening Costs less Actual Residential Sales less Scope Change Cost,
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Net Development Costs has the meaning set forth in Section 3.2(b)(v) hereof.
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Net Development Costs provided in Exhibit A is deleted and replaced in its entirety, as follows: "Net Development Costs" means (A) costs under task orders issued under the Development Agreement (or under the EPC Contract) and any agreement between CFPP LLC and NuScale regarding the Project, including in each case COLA development costs, including cost for procurement of Long Lead Materials (LLM) as specifically defined as LLM in authorizing Purchase Orders from CFPP LLC to NuScale, plus (B) CFPP LLC's costs to acquire water rights for the Project, plus (C) CFPP LLC's costs for interconnection of the Project with the transmission system at the Antelope Substation, in each case as incurred after the Effective Date, plus (D) costs and fees paid by CFPP LLC to secure financing or a DOE loan guaranty, other than interest payments, plus (E) other Owner's Costs as identified in the Revised Project Plan or any update thereto, plus (F) Interest paid by CFPP LLC with respect to any indebtedness used to fund the items (A), (B), (C), (D) and (F), (G) net of any DOE, or other third-party, payments to CFPP LLC for such costs, and (H) net of reimbursement for LLM under any agreement, but excluding costs for UAMPS' employees' salaries.
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Examples of Net Development Costs in a sentence

  • Such amount is an estimate of 100% of CFPP’s Net Development Costs as of October 31, 2023 (“Initial Settlement Payment”).

  • Within 30 days of agreement regarding the Final Accounting, NuScale shall pay CFPP any additional Net Development Costs incurred by CFPP or CFPP shall refund any excess Net Development Costs to NuScale.

  • Claims relating to the disposition of Project Assets and the true up of the Net Development Costs are not released by this provision.

  • If either Party fails to make the Final Settlement Payment as described herein, such failure shall constitute a failure to pay Net Development Costs under the Contract when due.

  • Within 45 days of the earlier of the close out of the DOE Award or the transfer of CFPP LLC to NuScale, CFPP will provide NuScale with an accounting of the additional Net Development Costs incurred by CFPP (“Final Accounting”).


More Definitions of Net Development Costs

Net Development Costs means (A) costs under task orders issued under the Development Agreement (or under the EPC Contract) and any agreement between CFPP LLC and NuScale regarding the Project, including in each case COLA development costs, including cost for procurement of Long Lead Materials (LLM) as specifically defined as LLM in authorizing Purchase Orders from CFPP LLC to NuScale, plus (B) CFPP LLC's costs to acquire water rights for the Project, plus (C) CFPP LLC's costs for interconnection of the Project with the transmission system at the Antelope Substation, in each case as incurred after the Effective Date, plus (D) costs and fees paid by CFPP LLC to secure financing or a DOE loan guaranty, other than interest payments, plus (E) other Owner's Costs as identified in the Revised Project Plan or any update thereto, plus (F) Interest paid by CFPP LLC with respect to any indebtedness used to fund the items (A), (B), (C), (D) and (F), (G) net of any DOE, or other third-party, payments to CFPP LLC for such costs, and (H) net of reimbursement for LLM under any agreement, but excluding costs for UAMPS' employees' salaries.
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