Property Related Expenses definition

Property Related Expenses means all normal and customary operating expenses of the Harrisburg Property which are expensed for GAAP accounting purposes, but specifically excluding: (a) any non-cash items such as depreciation and amortization; (b) any Management Fees related to the Harrisburg Property (whether or not such fees are payable to Parent or any of its subsidiaries); and (c) debt service payments and reserves, if any.
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Property Related Expenses means costs and expenses related to the acquisition and improvement or development of any property, including without limitation, closing costs, survey costs, property taxes, insurance, legal fees, marketing expenses, salesperson commissions, renovations, improvements, equipment leasing fees, permitting costs, notary fees and courier fees. Upon request by Lender, Borrower shall provide any invoices and receipts necessary or desirable to substantiate Property Related Expenses and Lender shall have the discretion to determine such Property Related Expenses in good faith acting reasonably.1
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Examples of Property Related Expenses in a sentence

  • Goals The goal of MAP is to help re-employed and underemployed homeowners avoid foreclosure and keep their homes by reinstating their primary mortgages and by curing their delinquent Property Related Expenses.

  • Such escrowed amounts shall be released to the Borrowers upon incurrence of Property Related Expenses and the completion of improvements, in each case reasonably satisfactory to the Lender.

Related to Property Related Expenses

  • Related Expenses means any and all costs, liabilities, and expenses (including, without limitation, losses, damages, penalties, claims, actions, reasonable attorney's fees, legal expenses, judgments, suits and disbursements) reasonably incurred by, or imposed upon, or asserted against, Lender in any attempt by Lender:

  • Permitted Expenses means the reasonable and documented costs and expenses incurred by the Agents and the Lenders (and their respective agents or professional advisors) in connection with the preparation, administration, amendment and due diligence of this Agreement and the other Credit Documents and, which costs and expenses the Borrower shall reimburse to the Administrative Agent or shall pay or cause to be paid in accordance with the Credit Documents. “Permitted Expenses” shall include, without limitation, the expenses set forth in Sections 5.10 and 9.2 hereof.

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property, which are the responsibility of the Borrower or the applicable Guarantor that are not paid directly by the tenant, including without limitation, the Annual Capital Expenditure Reserve and the greater of (a) 3% of rents and (b) actual management fees paid in cash, but excluding depreciation, amortization and interest costs.

  • Property Protection Expenses Any costs and expenses incurred by the Master Servicer, the Special Servicer or the Trustee pursuant to Section 3.04, 3.07, 3.10(f), 3.10(g) or 3.17(b) or indicated herein as being a cost or expense of the Lower-Tier REMIC to be advanced by the Master Servicer or the Trustee, as applicable.

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.