Phase II Project Costs definition

Phase II Project Costs means costs related to the design, development, construction, engineering, procurement and pre-opening of the Phase II Project (other than such costs related or allocable to the Phase II Mall) incurred prior to the Final Completion Date, in no event including operating costs of the Phase II Project after the Substantial Completion Date.

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Phase II Project Costs means all costs and expenses to be incurred by Parent, the Issuer or any Restricted Subsidiary in connection with the Development of the Phase II Project, and incurred after August 23, 2017, including, without limitation, the purchase of equipment and related services, the training of personnel relating to the Phase II Project, the financing of the Phase II Project, including interest expense incurred during Development, and activities reasonably related thereto.

Phase II Project Costs means hard and soft costs actually incurred by Landlord in the site development of the Phase II Land and construction of the Building (for purposes hereof being only the “Base Building Work” as set forth in the Work Letter, and exclusive of the “Landlord’s Work” as defined in the Work Letter), Parking Deck, water detention areas, and connector to the Phase I Building, and in particular shall include, but shall not be limited to, the following: (1) Construction costs pursuant to approved contracts, including labor and materials, and including fees to third party, non-affiliated construction manager/contractors; (2) Site improvement work to the Phase II Land, and the Phase I Land to the extent necessary for the development; (3) All modifications and/or additions to surface parking on the Phase I Land and the Phase II Land; (4) All soft costs including, but not limited to, construction period interest and other financing costs, construction period taxes, legal or accounting fees, leasing commissions, and any development fee to Landlord or any affiliate of Landlord; (5) Third party, non-affiliated architects’ fees, space planners’s fees and engineers’ fees; (6) On-site utility installation costs, and off-site utility installation costs to the extent necessary to the construction and operation of the Building; and (7) Fees and costs for building permits and governmental approvals. The Development of the Phase II Land and construction of the Building and Parking Deck shall be undertaken and performed by Landlord on an “open book” basis, and Tenant, its architects, attorneys, accountants and other consultants shall have full and unimpeded rights (with cooperation and assistance by Landlord) to review and audit Landlord’s Phase II Project Costs and back-up documentation therefor at all times.

Examples of Phase II Project Costs in a sentence

Landlord hereby agrees to maintain financial responsibility for the completion of Phase II Project Costs, and such responsibility shall not be terminated by the transfer of title to the Building as provided in this Lease, notwithstanding anything to the contrary contained within this Lease.
Landlord hereby represents and warrants to Tenant that Landlord has adequate funds from its own resources and from binding, irrevocable commitments from financial institutions, to fully fund the development and construction of the Building and all other construction and related costs included within the definition of the Phase II Project Costs.
Such amounts to pay Phase II Project Costs shall be deposited in the project fund held by one of the Phase II Trustees as the Authority may determine in consultation with the City and the County, and the Phase II Bond Documents shall allow.
Deleted: one or both of the Deleted: funds On or about the first Phase II Closing Date, the Authority will (a) apply any balance in the Ground Lease Rents Fund in excess of the Ground Lease Rents Fund Requirement, and (b) contribute at least $10 million from moneys expected to be in the CFA Bond Fund after reimbursement for the Phase II CFA Advances from proceeds of the Phase II Bonds, towards the Phase II Project Costs.
The proceeds of the Term B Delayed Draw Loans shall be applied by the Borrowers to pay Phase II Project Costs.
In no event shall the City or the County be responsible for paying any Phase II Project Costs.
The proceeds of the Term B Funded Loans shall be applied by the Borrowers to repay in full all Existing Term B Funded Loans, pay Transaction Costs, pay Phase II Project Costs, and finance a portion of the Tender and Call.
The Authority shall acquire such title to or interest in the Phase II Project or any portion thereof, as the Authority deems necessary The Authority shall not be required to incur or pay any cost or expense of performing its obligations under this Section in excess of the amounts available from (i) the proceeds of Phase II Bonds issued for such purpose, and (ii) appropriations by the Governing Body of the Authority to pay Phase II Project Costs from such sources as it shall determine.
The Phase II Bond Documents shall contain such other provisions as are necessary and appropriate to secure the related Phase II Bonds and to provide for payment of Phase II Project Costs.
The Authority shall continue to make Phase II CFA Advances in its discretion from amounts presently in the CFA Bond Fund to pay additional preliminary Phase II Project Costs, with the aggregate of all Phase II CFA Advances presently estimated to be $16 million.

More Definitions of Phase II Project Costs

Phase II Project Costs means the project costs set forth for the Phase II Project identified in the Project and Financing Plan.

Phase II Project Costs means any costs as defined in Section 351.01 of the Act, relating to the Phase II Project.

Phase II Project Costs means all costs and expenses to be incurred by Holdings, the Borrower or any Restricted Subsidiary in connection with the Development of the Phase II Project, and incurred after the Closing Date, including, without limitation, the purchase 85 US-DOCS\124480978.17139630401.7