Soft Costs definition

Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

Soft Costs means those Project Costs associated with the development, construction, marketing, leasing, operation and maintenance of the Improvements which are not Hard Costs or Appraised Land Value, including, without limitation, the sales and leasing commissions, architectural and engineering fees, consultant fees, professional fees, marketing fees and expenses, real estate taxes, insurance and bonding costs, financing fees, interest payable on the principal amount of the Loans and any other items identified as "Soft Costs" on the Project Budget.

Soft Costs means all costs which are ordinarily and reasonably incurred in relation to the acquisition, development, installation, construction, improvement and testing of the Properties other than Hard Costs, including without limitation structuring fees, administrative fees, legal fees, upfront fees, fees and expenses related to appraisals, title examinations, title insurance, document recordation, surveys, environmental site assessments, geotechnical soil investigations and similar costs and professional fees customarily associated with a real estate closing, the Lender Unused Fee, the Holder Unused Fee, fees and expenses of the Owner Trustee payable or reimbursable under the Operative Agreements and costs and expenses incurred pursuant to Sections 7.3(a) and 7.3(b) of the Participation Agreement.

Examples of Soft Costs in a sentence

• To the extent Developer is not reimbursed from the proceeds of a Public Financing, such costs will be Soft Costs.

• Approved Costs shall mean Hard Costs and Soft Costs related to development and construction of the Project.

• The City shall reimburse the Constructing Owner, solely from the Infrastructure Fee Component of the Fee, all Eligible Hard Costs and Soft Costs incurred by the Constructing Owner in connection with the construction of the Facilities, as approved by the Administrator in consultation with the City Engineer.

• Proposed Project Budget Site Improvements 26,500 Construction 797,215 Construction Contingency 79,785 Other Hard Costs 32,226 Architect, Engineer, Attorney 45,000 Developer’s Fee 108,000 Operating Reserve 10,680 Other Soft Costs 26,400 Total Cost $ 1,125,806 Upon completion of the bid package process and selection of a general contractor to perform the work, a schedule of values must be submitted and approved by the architect and the City of Durham.

• An estimate of the cost for the entire Project, including Construction Cost, Soft Costs, and Contingency Allowance Account, etc., prepared by Broward Health and used as a basis for Broward Health’s financial planning.

More Definitions of Soft Costs

Soft Costs means those costs associated with the development, construction, marketing, leasing, operation and maintenance of the Improvements which are not Land Acquisition Costs or Building Costs, including, without limitation, the Facility Lessee Loan, repayment of the Facility Lessee Reverse Loan in respect of proceeds thereof used to pay Soft Costs and Land Acquisition Costs, the Developer Fee, architectural and engineering fees, consultant fees, professional fees, marketing fees and expenses, real estate taxes, insurance and bonding costs, interest and financing fees and any other items identified as “Soft Costs” in the Project Budget.

Soft Costs or “Allowance” means an amount of money for eligible planning, design, value engineering, construction management, environmental, and administration costs of the Project.

Soft Costs means all items under the category heading “Soft Cost” in the Total Project Budget. Soft Costs include, without limitation, interest on the Construction Loan until receipt of a temporary certificate of occupancy for all buildings (after which point, any such overrun for interest expense shall be a Permitted Overrun), architectural and engineering fees, legal fees incurred by the Company or Borrower, entitlement and permitting fees and charges. Notwithstanding the foregoing, in no event shall costs relating to Permitted Overruns or Debt Service after Project Completion constitute Soft Costs.

Soft Costs means all costs and expenses (other than Hard Costs) set forth in the Construction Disbursement Budget, including without limitation pre-opening costs.

Soft Costs means, with respect to amounts to be financed hereunder with proceeds of an Equipment Loan, Borrower’s costs of acquiring or licensing of equipment other than Eligible Equipment, tenant improvements at Borrower’s primary business premises, software licenses and other items of personal property used in Borrower’s ordinary course of business and approved by Lender.

Soft Costs means those Building Loan Costs which are not Hard Costs, including but not limited to, architect’s, engineer’s and general contractor’s fees, interest on the Building Loan, recording taxes and title charges in respect of the Building Loan Mortgage and such other non-construction costs as are part of the Cost of the Improvements.

Soft Costs shall have the meaning set forth in Section 6.5(A).