Shell Cost definition

Shell Cost shall have the meaning specified in Section 3.2.3(b).
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Examples of Shell Cost in a sentence

  • Each Periodic Cost Report and the Final Cost Report (as defined below), shall include notification of any Excess Shell Costs and shall include reasonably detailed documentation supporting the determination of such Excess Shell Cost.

  • If the Offering cannot be consummated to provide for minimum gross proceeds to the Company of at least $5 million, and the Company exercises its right to terminate the Offering, then, to equitably allocate the risk of the inability to consummate the Offering, the Company will pay to AFH Advisory (i) fifty percent (50%) of the Shell Cost and (ii) fifty percent (50%) of the Transaction Expenses actually incurred to the date the Company exercises its right to terminate the Offering.

  • During the course of construction of the Building Shell Improvements, no more often than monthly, Landlord shall provide Tenant an itemized statement (“Tenant’s Building Shell Cost Statement”) setting forth the Modification Costs incurred during the prior month for constructing the Building Modifications, including any Changes related thereto, which are costs for which Tenant is responsible under this Lease.

  • Instead of receiving cash as payment for the Shell Cost and Transaction Expenses, AFH Advisory may, in its sole discretion, convert such amount (or any portion thereof) at the Closing of the Offering into additional shares of the common stock of the Company at a valuation equal to 75% of the Offering Post Money Value (the “Conversion Price”).

  • In the event the Option Building is in excess of 75,000 square feet, Landlord shall also construct, as a Building Shell Cost, a parking structure to accommodate the additional required parking.

  • Tenant's Building Shell Cost Statement (i) shall be accompanied by such invoices and other documentation as Tenant may reasonably request, (ii) shall be subject to written approval by Tenant's Architect or other contract administration personnel and (ii) shall be subject to review and audit by Tenant and its representatives, which may include an audit of the Records.

  • AFH Advisory agrees to be paid the Shell Cost and Transaction Expenses at the time of the closing of the Offering or, at AFH Advisory’s option, upon consummation of any other financing undertaken by the Company following consummation of the Merger.

  • The amount of interest payable in respect of any Note for each Interest Period shall be calculated by multiplying the product of the Interest Rate and the Principal Amount outstanding of such Note during that Interest Period by the Day Count Fraction, unless an Interest Amount is specified in respect of such period in the Applicable Supplement, in which case the amount of interest payable in respect of such Note for such Interest Period will equal such Interest Amount.

  • Tenant shall provide in Tenant's contract with Tenant's Architect or other contract administration personnel that the Architect or other contract administration personnel review Tenant's Building Shell Cost Statement and communicate their approval or disapproval thereof (and the reasons for any disapproval) to Landlord and Tenant within ten (10) days of receipt of Tenant's Building Shell Cost Statement and all requested invoices and other documentation.

  • Within twenty (20) days following receipt of written approval by Tenant's Architect or other contract administration personnel of Tenant's Building Shell Cost Statement, Tenant shall pay the approved portion of the Modification Costs to Landlord.

Related to Shell Cost

  • Full cost means the cost of providing service plus a reasonable charge for administrative overhead;

  • Original Cost means the total amount paid to purchase a security, including any transaction charges related to the purchase;

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.