SPU Costs definition
SPU Costs mean the portion of the Total Costs of the Project allocable to the SPU, including without limitation, the cost of consultants retained and research conducted in connection with the intended use thereof, but excluding costs for telecommunications equipment (e.g. computers and telephones) telecommunication wiring/cabling, furniture and trade fixtures and other equipment and personal property which is not permanently affixed to the Improvements.
Examples of SPU Costs in a sentence
The foregoing provision shall not be construed to relieve the Developer of its obligations under Section 5.1 of the Development Agreement to pay SPU Costs in excess of the line item for the SPU Costs set forth in the Final Approved Budget, subject to the terms of said Section 5.1.