Property Cost definition
Property Cost means with respect to a Property the aggregate amount (and/or the various items and occurrences giving rise to such amounts) of the Loan Property Cost plus the Holder Property Cost for such Property (as such amounts shall be increased equally among all Properties respecting the Holder Advances and the Loans extended from time to time to pay for the Transaction Expenses, fees, expenses and other disbursements referenced in Sections 7.1(a) and 7.1(b) of the Participation Agreement).
Property Cost means, with respect to any Property, the sum of the Land Acquisition Cost and the Property Improvement Costs for such Property.
Property Cost means the amount of the Advance funded to the Lessee for the purpose of acquiring the Property and paying Transaction Expenses relating to such funding and acquisition, as such amount is set forth in the Funding Request relating to the acquisition of the Property.
Examples of Property Cost in a sentence
Each City paying for the performance of governmental functions or services pursuant to this Agreement must make those payments from current revenues available to the paying City or from funds otherwise lawfully available to the City for use in the payment of the City’s obligations pursuant to this Agreement including, but not limited to, each City’s respective Property Cost Share.
Each City hereby warrants and represents that, as of the Effective Date, it has either (i) identified and appropriated funds to pay its Property Cost Share and/or (ii) has taken such steps reasonably necessary to sell certificates of obligation or other debt instruments in accordance with applicable state law before October 15, 2024, to provide funds in an amount sufficient to pay such City’s Property Cost Share.
More Definitions of Property Cost
Property Cost means the amount of the Advance made under the Participation Agreement with respect to the acquisition of the Property.
Property Cost means “Purchase Price” (as defined in the Purchase and Sale Agreement).
Property Cost means (a) the aggregate amount of the Lessor Advances (in each case, as such amounts shall be increased pro rata according to the Lessor Advances advanced or extended from time to time including to pay for the Transaction Expenses and Uninsured Force Majeure Losses) and (b) respecting the various amounts described in the foregoing subsection (a), all the occurrences and items giving rise to all such amounts.
Property Cost means with respect to a Property the aggregate amount (and for the various items and occurrences giving rise to such amounts including without limitation the Hard Costs and the Soft Costs) of the Loan Property Cost plus the Holder Property Cost for such Property (as such amounts shall be increased equally among all Properties respecting the Holder Advances and the Loans extended from time to time to pay for the Transaction Expenses, fees, expenses and other disbursements referenced in Sections 7.1(a), 7.1(b) and 7.2 of the Participation Agreement and indemnity payments pursuant to Section 11.8 of the Participation Agreement).
Property Cost means, with respect to the Property at any date of determination, an amount equal to the aggregate sum of the Lessor Property Cost plus the Mortgage Loan Property Cost plus the Note Purchaser Property Cost.
Property Cost means, at any date of determination, the aggregate amount of the Advances made by the Participants on or prior to such date with respect to the acquisition of the Properties.
Property Cost means, with respect to the Property at any date of determination, an amount equal to (a) the aggregate principal amount of all Advances made on or prior to such date and advanced to or for the benefit of the Construction Agent pursuant to and for the purposes set forth in Section 5.1 of the Participation Agreement with respect to the Property minus (b) the aggregate amount of prepayments or repayments as the case may be of the Credit Loans, the Mortgage Loans or the Lessor Advances allocated to reduce the Property Cost pursuant to Section 2.6(c) of the applicable Credit Agreement or Section 5A.4(c) of the Participation Agreement, respectively.