Items of Cost Clause Samples

Items of Cost. For the purposes of this Agreement, the cost of the Project shall embrace all the costs, but only the costs, permitted by the Act of acquiring, constructing and installing the Project and, without intending thereby to limit or restrict any proper definition of such cost under the Act, shall include: (a) Payment to the Company of such amounts, if any, as shall be necessary to reimburse the Company in full for all advances and payments made by it or for its account at any time prior to or after the delivery of the Bonds for expenditures in connection with the acquisition of any property required for the Project, including payment of any short-term, temporary or other borrowings, bonds, notes or other evidences of indebtedness (including any unpaid fees, charges or costs in connection therewith), the proceeds of which have been applied to the payment of items of the cost of the Project, the preparation of plans and specifications for the Project (including any preliminary study or planning of the Project or any aspect thereof and any reports or analyses concerning the Project), the acquisition, construction and installation of the Project including reimbursement to the Company for allowance for interest paid on indebtedness incurred for the Project during construction prior to the date of the Bonds, interest on the Bonds during construction which shall mean a period beginning with the date of delivery of the Bonds and ending on the date the acquisition, construction and installation for the Project shall have been completed, except if the Project shall consist of facilities which will be placed in service at different times, the date of which interest may be paid from Bond proceeds will be the date upon which the facilities financed from Bond proceeds will be placed in service and all real or personal property deemed necessary in connection with the Project, or any one or more of said expenditures (including architectural, engineering and supervisory services). (b) Payment for labor, services, materials and supplies used or furnished in site improvement and in the acquisition, construction and installation of the Project, all as provided in the plans and specifications therefor, payment for the cost of the acquisition, construction and installation of utility services or other facilities, and all real and personal property deemed necessary in connection with the Project and payment for the miscellaneous expenses incidental to any of the foregoing items. (c) T...
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Items of Cost. For the purposes of this Agreement, the Cost of the Project shall embrace all costs permitted by the Act in connection with the Project, including without limitation: -----(a) Payment of the Administrative Fee; -----(b) Payment of the Costs of Issuance subject to the limitation set forth in Section 4.04 of the Loan Agreement; -----(c) Payment, as they become due, of the fees, commissions and expenses of the Trustee and the Letter of Credit Issuer properly incurred under this Agreement or the Reimbursement Agreement; and -----(d) Payment for labor, services, materials and supplies used or furnished in site improvement and in the acquisition and construction of the Project or any improvements, payment for the cost of the acquisition, construction and installation of utility services or other facilities, and all real and personal property deemed necessary in connection with the Project or any improvements and payment for the miscellaneous expenses incidental to, and deposits required in connection with, any of the foreign items; and -----(e) Payment of the amounts that the Letter of Credit Issuer may require to be deposited Into the operating deficit reserve account or any other reserve account or fund (including any working capital reserves) that the Borrower must fund in accordance with the terms of the Initial Reimbursement Agreement; and -----(f) Payment of interest on the Bonds during construction (which shall mean as to the Bonds of any series a period beginning with the date of delivery of such Bonds and ending on the date construction of the Project shall have been completed) and for a reasonable period thereafter; and -----(g) Payment of any other costs and expenses relating to the development and construction of the Project.
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Items of Cost. For the purposes of this Agreement the cost of any New Turnpike Project, other Turnpike Project or Improvement shall embrace the cost of constructing the same, the cost of all necessary access roads, interchanges or lead roads connecting any such Project or Improvement with existing highways, and the cost of grade separations and any road relocations deemed necessary by the Authority in connection therewith, and, without intending thereby to limit or restrict any proper definition of such cost under the provisions of the Enabling Act, shall include the following:
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Items of Cost. For the purposes of this Agreement, the Cost of the Project shall embrace all costs permitted by the Act in connection with the construction, development and equipping of the Project, including without limitation: (a) Payment to the Borrower, the Guarantor and the Authority, as the case may be, of such amounts, if any, as shall be necessary to reimburse the Borrower, the Guarantor and the Authority in full for all advances and payments made by them or either of them or for their accounts, with respect to the Project at any time after February eleven (11), nineteen hundred ninety-eight (1998) for expenditures in connection with the acquisition of any property required for the Project, the preparation of any preliminary study or
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Items of Cost. For the purposes of this Agreement, the Cost of the Project shall embrace all costs permitted by the Act in connection with the construction, development and equipping of the Project, including without limitation: (a) Payment to the Borrower, the Guarantor and the Authority, as the case may be, of such amounts, if any, as shall be necessary to reimburse the Borrower, the Guarantor and the Authority in full for all advances and payments made by them or either of them or for their accounts, with respect to the Project at any time after [__________________] for expenditures in connection with the acquisition of any property required for the Project, the preparation of any preliminary study or planning of the Project, or any aspect of either thereof and any reports or analyses concerning the Project, the construction, development and equipping of the Project and the acquisition of all real or personal property deemed necessary in connection with the Project, or any one or more of said expenditures (including architectural, engineering and supervisory services); (b) Payment in full of the outstanding indebtedness secured by a mortgage on the Project and owed to Scotiabank in the amount of _____________ ________________________________ DOLLARS ($_________) and interest thereon, plus the costs related to the cancellation of such mortgage; (c) Payment of the Administrative Fee; (d) Payment of the Costs of Issuance, provided 51 58 that the amount of Costs of Issuance that may be paid from the proceeds of the Bonds shall be limited to two percent (2%) of the aggregate principal amount of the Bonds, excluding for purposes of this limitation the amount of the Administrative Fee, the cost of cancelling any existing mortgage lien on the Property and of executing and recording the Mortgage, and the cost of the mortgagee title insurance policy insuring the Mortgage, all of which may be paid from the proceeds of the Bonds without reference to this limitation; (e) Payment for labor, services, materials and supplies used or furnished in site improvement and in the acquisition, construction and equipping of the Project, payment for the cost of the acquisition, construction and installation of utility services or other facilities, and all real and personal property deemed necessary in connection with the Project and payment for the miscellaneous expenses incidental to, and deposits required in connection with, any of the foregoing items; and (f) Payment of any other costs and ...
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Related to Items of Cost

  • Opinions of Cost Because the Consultant does not control the cost of labor, materials, equipment or services furnished by others, methods of determining prices, or competitive bidding or market conditions, any opinions rendered as to costs, including but not limited to the costs of construction and materials, are made solely based on its judgment as a professional familiar with the industry. The Consultant cannot and does not guarantee that proposals, bids or actual costs will not vary from its opinions of cost. If the Client wishes greater assurance as to the amount of any cost, it shall employ an independent cost estimator. Consultant's services required to bring costs within any limitation established by the Client will be paid for as Additional Services.

  • Payment of Costs Each party to a hearing before an arbitrator shall bear his/her own expenses in connection therewith. All fees and expenses of the arbitrator and of a reporter shall be borne one-half by the County and one-half by the grievant.

  • Reimbursement of Costs City may reimburse Consultant’s out-of-pocket costs incurred by Consultant in the performance of the Required Services if negotiated in advance and included in Exhibit A. Unless specifically provided in Exhibit A, Consultant shall be responsible for any and all out-of-pocket costs incurred by Consultant in the performance of the Required Services.

  • Payment of Costs and Fees The Borrower shall pay to the Administrative Agent all reasonable costs, out-of-pocket expenses, and fees and charges of every kind in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents and instruments relating hereto (which costs include, without limitation, the reasonable fees and expenses of any attorneys retained by the Administrative Agent) to the extent provided in Section 10.5 of the Credit Agreement.

  • Recovery of Costs If any legal action or other proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys’ fees and other costs incurred in that action or proceeding (and any additional proceeding for the enforcement of a judgment) in addition to any other relief to which it or they may be entitled.