Predevelopment Costs Clause Samples

The Predevelopment Costs clause defines which expenses incurred before the main development phase are recognized and how they are handled between the parties. Typically, this clause outlines the types of costs considered as predevelopment, such as feasibility studies, site surveys, or initial design work, and specifies whether these costs are reimbursable, shared, or solely borne by one party. Its core function is to allocate responsibility for early-stage expenditures, ensuring clarity and preventing disputes over who pays for necessary groundwork before a project formally begins.
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Predevelopment Costs. The Company shall pay all predevelopment Venue Project Costs of professional services of planning, designing, engineering, establishing and developing the Entertainment Center rendered prior to the issuance of the building permit for the Entertainment Center. Once the first building permit is issued for the Entertainment Center, such costs, to the extent they are Venue Project Costs, may be reimbursed from Excess ▇▇▇▇▇▇ HOT Revenues.
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Predevelopment Costs. Developer shall bear some of the predevelopment costs relating to actions of Developer under this Agreement, including but not limited to costs for planning, environmental, architectural, engineering and legal services and other costs associated with preparation of Developer's proposal and/or the DDA.
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Predevelopment Costs. The Authority will provide the Developer with up to Six Hundred Thousand Dollars ($600,000) of the Authority Grant for predevelopment expenses necessary for due diligence outlined in Section 2.4 and to entitle the Project (“Predevelopment Advance”). The Predevelopment Advance will be used by the Developer to pay for, among other predevelopment expenses, environmental review, remediating any environmental conditions, structural soils analysis, architectural and engineering plans, and all fees and expenses required by the City in connection with obtaining the land use and other entitlements required to develop and operate the Project. The Parties acknowledge and agree that the Authority shall deposit the Predevelopment Advance funds with First American Title Company (“Escrow Holder”), who shall be responsible for disbursing said funds to the Developer. The Parties further agree that the Authority, the Developer, and the Escrow Holder shall enter into an agreement governing the disbursement of the Predevelopment Advance. Said agreement shall be consistent with this Agreement, reasonably satisfactory to the Executive Director and the Developer, include a schedule of performance, and contain reasonable and customary conditions for each disbursement, but not, however, a condition requiring further discretionary consent by the Authority or the City. If a DDA is executed by the Parties, the Parties acknowledge and agree that the Predevelopment Advance shall be included in the Authority Grant provided to the Developer thereunder. If the Parties do not execute a DDA, the Developer shall deliver all work product (including the Project Materials, as defined below) generated with the Predevelopment Advance funds to the Authority, along with an assignment of such work product to the Authority in the form attached as Exhibit C. Such delivery of work product shall render the Predevelopment Advance satisfied and repaid in full. The work product (including the Project Materials) will be delivered without warranty as to accuracy or completeness.
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Predevelopment Costs. Predevelopment Costs shall mean those "soft costs" paid by DEVELOPER to third-party providers, including without limitation, architectural design costs, payment of fees to obtain governmental approvals, cost of donated professional services, and other costs approved by CITY, necessary to be incurred in order to finance and construct the Completed Assisted Units.
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Predevelopment Costs. APAC shall bear responsibility for all predevelopment costs relating to actions of APAC under this Agreement.
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Predevelopment Costs. There shall be no upfront investment obligation on the part of the City or the Authority. Developers shall fund all predevelopment expenses necessary for due diligence outlined in Section 2.4. The Developers shall bear the financial responsibility for, among other predevelopment expenses, environmental review, remediating any environmental conditions, structural soils analysis, architectural and engineering plans, and all fees and expenses required by the City in connection with obtaining the land use and other entitlements required to develop and operate the Project. Notwithstanding the foregoing, the Developers may be reimbursed for some or all of their predevelopment expenses from one or more constructions loans on the Project. If the Parties do not execute a DDA, the Developers shall deliver all work product (including the Project Materials, as defined below) generated during the predevelopment stage to the Authority, along with an assignment of such work product to the Authority in the form attached as Exhibit C. The work product (including the Project Materials) will be delivered without warranty as to accuracy or completeness subject to all rights of the consultants and professionals preparing the same.
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Predevelopment Costs. Except pursuant to Lessor’s written agreement exercised in ▇▇▇▇▇▇’s sole discretion, all predevelopment costs, including without limitation, all environmental and other due diligence costs, and legal fees and costs relating to the Development will be payable by ▇▇▇▇▇▇. In addition, at Closing, Lessor and City shall be reimbursed the total amount incurred by ▇▇▇▇▇▇ and City for legal and consulting fees and other eligible predevelopment expenses agreed to by the Parties. Closing costs, including the cost of ▇▇▇▇▇▇’s owner’s policy of title insurance, and, if applicable, ▇▇▇▇▇▇’s lenders’ policy of title insurance, transfer taxes, escrow charges and recording fees shall be paid by ▇▇▇▇▇▇ at Closing.
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Predevelopment Costs. In order to meet the Goals and Objectives in Section 1 and 5 Development Program) (collectively, the “Predevelopment Costs”). It is anticipated that the
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Predevelopment Costs 
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Related to Predevelopment Costs

  • Development Costs Licensee shall be responsible for all of its costs and expenses in connection with the Development of, and obtaining and maintaining Regulatory Approvals for, the Licensed Products in the Field in the Territory.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Development of the Project 4.1 TSP's obligations in development of the Project: a. for procuring and maintaining in full force and effect all Consents, Clearances and Permits, required in accordance with Law for development of the Project; b. for financing, constructing, owning and commissioning each of the Element of the Project for the scope of work set out in Schedule 1 of this Agreement in accordance with: i. the Electricity Act and the Rules made thereof; ii. the Grid Code; iii. the CEA Regulations applicable, and as amended from time to time, for Transmission Lines and sub-stations: • the Central Electricity Authority (Technical Standards for Connectivity to the Grid) Regulations, 2007; • Central Electricity Authority (Technical Standards for construction of Electrical Plants and Electric Lines) Regulation, 2010; • Central Electricity Authority (Grid Standard) Regulations, 2010; • Central Electricity Authority (Safety requirements for construction, operation and maintenance of Electrical Plants and Electrical Lines) Regulation, 2011; • Central Electricity Authority (Measures relating to Safety and Electricity Supply) Regulation, 2010; • Central Electricity Authority (Technical Standards for Communication System in Power System Operation) Regulations, 2020. iv. Safety/ security Guidelines laid down by the Government; v. Prudent Utility Practices, relevant Indian Standards and the Law; not later than the Scheduled COD as per Schedule 2 of this Agreement; c. for entering into a Connection Agreement with the concerned parties in accordance with the Grid Code. d. for owning the Project throughout the term of this Agreement free and clear of any encumbrances except those expressly permitted under Article 15 of this Agreement; e. to co-ordinate and liaise with concerned agencies and provide on a timely basis relevant information with regard to the specifications of the Project that may be required for interconnecting the Project with the Interconnection Facilities; f. for providing all assistance to the Arbitrators as they may require for the performance of their duties and responsibilities; g. to provide to the Nodal Agency and CEA, on a monthly basis, progress reports with regard to the Project and its execution (in accordance with prescribed form) to enable the CEA to monitor and co-ordinate the development of the Project matching with the Interconnection Facilities; h. to comply with Ministry of Power order no. 25-11/6/2018 – PG dated 02.07.2020 as well as other Guidelines issued by Govt. of India pertaining to this; i. to procure the products associated with the Transmission System as per provisions of Public Procurement (Preference to Make in India) orders issued by Ministry of Power vide orders No. 11/5/2018 - Coord. dated 28.07.2020 for transmission sector, as amended from time to time read with Department for Promotion of Industry and Internal Trade (DPIIT) orders in this regard (Procuring Entity as defined in above orders shall deemed to have included Selected Bidder and/ or TSP). Also, to comply with Department of Expenditure, Ministry of Finance vide Order (Public Procurement No 1) bearing File No. 6/18/2019- PPD dated 23.07.2020, Order (Public Procurement No 2) bearing File No. 6/18/2019-PPD dated 23.07.2020 and Order (Public Procurement No. 3) bearing File No. 6/18/2019-PPD, dated 24.07.2020, as amended from time to time, regarding public procurement from a bidder of a country, which shares land border with India; j. to submit to Nodal Agency information in the prescribed format [To be devised by Nodal Agency] for ensuring compliance to Article 4.1 i) above. k. to comply with all its obligations undertaken in this Agreement. 4.2 Roles of the Nodal Agency in implementation of the Project: 4.2.1 Subject to the terms and conditions of this Agreement, the Nodal Agency shall be the holder and administrator of this Agreement and shall inter alia: a. appoint an Independent Engineer within 90 days of the Effective Date b. provide letters of recommendation to the concerned Indian Governmental Instrumentality, as may be requested by the TSP from time to time, for obtaining the Consents, Clearances and Permits required for the Project; c. coordinate among TSP and upstream/downstream entities in respect of Interconnection Facilities; and d. monitor the implementation of the Agreement and take appropriate action for breach thereof including revocation of guarantees, cancellation of Agreement, blacklisting etc e. provide all assistance to the Arbitrators as required for the performance of their duties and responsibilities; and f. perform any other responsibility (ies) as specified in this Agreement.

  • Project Cost An updated cost spreadsheet reflecting the current forecasted cost vs. the latest approved budget vs. the baseline budget should be included in this section. One way to track project cost is to show: (1) Baseline Budget, (2) Latest Approved Budget, (3) Current Forecasted Cost Estimate, (4) Expenditures or Commitments to Date, and (5) Variance between Current Forecasted Cost and Latest Approved Budget. Line items should include all significant cost centers, such as prior costs, right-of-way, preliminary engineering, environmental mitigation, general engineering consultant, section design contracts, construction administration, utilities, construction packages, force accounts/task orders, wrap-up insurance, construction contingencies, management contingencies, and other contingencies. The line items can be broken-up in enough detail such that specific areas of cost change can be sufficiently tracked and future improvements made to the overall cost estimating methodology. A Program Total line should be included at the bottom of the spreadsheet. Narratives, tables, and/or graphs should accompany the updated cost spreadsheet, basically detailing the current cost status, reasons for cost deviations, impacts of cost overruns, and efforts to mitigate cost overruns. The following information should be provided:

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.