Common use of Items of Cost Clause in Contracts

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.

Appears in 2 contracts

Sources: Trust Agreement (Maxxam Inc), Trust Agreement (Maxxam Inc)