Total Development Costs definition

Total Development Costs means the aggregate public and

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Total Development Costs means the total costs incurred in acquiring and developing the Development as set forth in the proposed budget for the Development included in the Application. Total Development Costs will be certified by an independent certified public accountant's Certification of sources and uses of funds at times prescribed by OHFA.

Total Development Costs means the total of all costs associated with acquisition, construction (including construction contingency), and general development (such as architectural, engineering, legal, and financing fees, insurance, real estate taxes and loan interest) for the Development. Total Development Costs include (i) developer overhead and developer fees, and (ii) any capitalized reserves intended for operation of the Development and approved by the Subsidizing Agency as being specifically excluded from the calculation of fees and profits payable from capital sources for the initial development of the Development.

Examples of Total Development Costs in a sentence

• Lessee will contract for, in its own name, and will pay or cause to be paid all charges for electricity, power, gas, oil, sewer, water and other utilities used in connection with the Leased Property during the Term, including, without limitation, all impact and tap fees necessary for the operation of the Facilities, except to the extent that such impact and tap fees were or are to be paid by Lessor as part of the Total Development Costs or the cost of a Capital Addition.

• The Construction Period Rent will be deferred and added to Total Development Costs but will not be paid until the Completion Date at which time the Construction Period Rent amount will be amortized and paid over the Fixed Term beginning with the Completion Date, in equal monthly installments as part of the payments of Base Rent.

• Subject to the conditions set forth in this Article V, MPT agrees to disburse in the manner set forth herein the Total Development Costs relating to the acquisition of the Property and the construction of the Improvements as set forth in the Development Budget, not to exceed the Total Funding Amount (less the sum of and No/100 Dollars ($ .00), which is the total cost that has been funded contemporaneously herewith (the “Initial Funding”)).

• Lessee will contract for, in its own name, and will pay or cause to be paid all charges for electricity, power, gas, oil, sewer, water and other utilities used in connection with the Leased Property during the Term, including, without limitation, unless paid as part of the Total Development Costs, all connection, impact and tap fees necessary for the development and operation of the Facility.

• As the amortized Construction Period Rent is paid, the Total Development Costs and Base Rent will be adjusted and reduced accordingly.

More Definitions of Total Development Costs

Total Development Costs means the total costs incurred in acquiring and developing the Development as set forth in the proposed budget for the Development included in the Application and in an independent certified public accountant’s certification of sources and uses of funds submitted to OHFA.

Total Development Costs means the total of the Construction Costs and the Professional Fees to complete the Development as certified by the Authorized Person;

Total Development Costs with respect to the Project shall mean Total Development Costs as set forth in the Operating Agreement, and with respect to any Future Phase shall have an equivalent meaning. Total Development Costs does not include an allocation of Infrastructure Costs.

Total Development Costs means the sum total of all costs

Total Development Costs means the sum of all costs and expenses associated with the applicable project and/or billed by the contractor, including interior design costs, kitchen design costs, costs of construction and land improvements, utilities, furniture, fixtures and equipment, signage, project contingency funds actually expended for costs that would otherwise constitute “Total Development Costs”, costs of renovation, landscaping, and permitting, impact and licensing fees, if any. Notwithstanding the above, Total Development Costs shall not include financing fees and costs, capitalized interest, pre/post-opening operating deficits, architectural and engineering costs, land acquisition costs, and reimbursements for travel.

Total Development Costs means all direct or indirect costs incurred in connection with the acquisition and development of the Property and construction of the Building with respect to a Qualified Project, including, without limitation, construction costs; architectural design, engineering design; legal and accounting fees; project management expenses; assessments; permits; utility and impact fees; soils investigations; environmental studies; appraisal fees; financing fees, interest and costs; travel; bond premiums and insurance; brokerage fees and all other costs that are typically incurred in construction or development.

Total Development Costs means the sum of acquisition costs, hard costs, and soft costs shown on the AHP Development Budget less any “Developer Fee.”