Site Control Costs definition

Site Control Costs. With respect to any Project, costs to secure control of the site of a Project or Proposed Project, including the cost of raw land, down payments, option payments, and similar costs, and with respect to any Vacant Site acquired by a Project Company and any Broken Project, all costs incurred by the Project Company that owns such Project, including Diligence Costs for which the Project Company reimbursed the Parties.
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Examples of Site Control Costs in a sentence

  • For example, the incurrence of specified Site Control Costs might be conditioned on specified results of environmental testing being obtained.

  • A suspension of the Investment Period will be lifted, and the Exclusivity Obligation and H▇▇▇▇’▇ obligation to present Projects during the Investment Period will be reinstated, if NYSCRF obtains REAC approval to increase the Site Control Cost Cap or Diligence Cap that resulted in the suspension, or the aggregate Diligence Costs or Site Control Costs are otherwise reduced below the Diligence Cost Cap or Site Control Cost Cap, as applicable, as provided in Section 2.5.5(c) or 2.5.5(d).

  • If H▇▇▇▇ believes that Site Control Costs will probably not be reduced below the Site Control Cost Cap for an extended period, then H▇▇▇▇ may request that NYSCRF agree to suspend the Investment Period or increase the Site Control Cost Cap; NYSCRF will not unreasonably withhold its consent to such a request; provided that NYSCRF may withhold such consent for up to 15 Business Days if it uses such time to diligently seek to obtain REAC approval to increase the Site Control Cost Cap.