Project Expense definition

Project Expense means cost associated with completing the Project. For purposes of the application budget page, expenses will be supported by vendor estimates and bids. In-kind contributions will be supported by documentation that gives the basis for valuation.
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Project Expense means an expense incurred by the Participant in the coordination, administration, development, purchase or implementation of the Project.
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Project Expense means any cost or expense incurred in respect of the Project, by or on behalf of the Principal Proponent, which is, was or will be paid out of the Project Funds.
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Examples of Project Expense in a sentence

  • If subsurface conditions, material, lead, or asbestos is found that was not disclosed by the Judicial Council to Licensee before the Effective Date, the Parties agree that Licensee shall be responsible for such remediation and the work shall be considered an Additional Project Expense as listed in the Lease.

  • If subsurface conditions, material, lead, or asbestos is found that was not disclosed by the Judicial Council to Licensee before the Effective Date, the Parties agree that Licensee shall be responsible for such remediation and work shall be considered an Additional Project Expense as listed in the SPPA.

  • Tenant’s reasonable costs of any such Emergency Repairs will be deemed an approved Project Expense, and will be funded by Project Income or, if there is insufficient Project Income, will be funded by the Operating Funding Agreement.

  • Therefore, commencing on January 1, 1999, to and until the Effective Date, Additional Rent shall be based upon the Rentable Area of Premises, or 12,857 square feet and utilizing the Building Expense Percentage of 4.5223% and Project Expense Percentage of 1.8780%.

  • From the Suite 450 Effective Date until the Suite 550 Effective Date, Additional Rent shall be based upon the Rentable Area of the Premises and Suite 450, or 14,069 square feet and utilizing the Building Expense Percentage of 4.9486% and the Project Expense Percentage of 2.0551%.

  • From the Suite 550 Effective Date until expiration of the term, Additional Rent shall be based upon the Rentable Area of the Premises and the Additional Premises or 18,362 square feet and utilizing the Building Expense Percentage of 6.4587% and the Project Expense Percentage of 2.6821%.

  • From the Effective Date until the expiration of the term, Additional Rent shall be based upon the Rentable Area of the Premises and Additional Premises, or 12,857 square feet and utilizing the Building Expense Percentage of 4.7746% and the Project Expense Percentage of 1.9700%.

  • Tenant's proportionate share thereof (hereinafter, respectively, "Building Expense Percentage" and "Project Expense Percentage") shall be the percentage obtained by dividing the average Rentable Area of the Premises for such year or portion thereof by ninety-five percent (95%) of the total Rentable Area of the Building or the Project, as the case may be, for the same period, and, subject to Exhibit "A-4," shall initially be as set forth in Items 3.A. and 3.

  • To and until the Effective Date, Additional Rent shall be based upon the Rentable Area of Premises, or 10,219 square feet and utilizing the Building Expense Percentage of 3.7949% and Project Expense Percentage of 1.5658%.

  • If a tenant is assessed an allocated Project Expense, such Tenant's obligation to pay its share of standard Project Expenses shall be equitably adjusted (in no event shall Landlord recover more than one hundred percent (100.00%) of Project Expenses incurred).


More Definitions of Project Expense

Project Expense means, with respect to any Approved Project, any cost incurred by the Company (or the Company’s share of any such costs and expenses incurred by a Subsidiary of the Company) in connection with the acquisition, development, construction, operation and maintenance of such Approved Project.
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Project Expense as used throughout this entire Agreement shall mean all costs, expenses or charges, whether capitalized or expensed for tax or accounting purposes, with respect to the acquisition, development, construction, improvement, ownership, operation, maintenance, upkeep and financing of the Project, including but not limited to, costs and expenses associated with the Improvements, infrastructure, ad valorum taxes, advertising expenses, professional fees, insurance premiums, cost of maintenance, wages and debt service (including principal and interest) in respect of any indebtedness related to the Project.
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Related to Project Expense

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance, and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.