Option Expenses

Option Expenses. Shall mean, with respect to the Option Parcels, all funds paid, or all debts incurred (whether accrued or paid), by the Kahn Entities or Acquisition Corp. to third-parties (including Optionors or owners of Option Parcels) for goods provided, or services rendered, by said third-parties in connection with the maintenance of the Option(s), such as, by way of illustration, and not limitation, interest and principal on financing relating to an Option Parcel (including costs associated with obtaining... and carrying Initial Invested Funding, Development Designated Funding, Secondary Invested Funding, and Mortgage Funding), fees paid to attorneys, engineers, surveyors, contractors, and vendors, fees for various Governmental Approvals and permits, the cost of insurance, the Monthly Draws, and the Miscellaneous Stipend, and, if applicable, "Option Expense" shall also include Acquisition Corp.'s cost to purchase and acquire Title to an Option Parcel or an additional piece of Real Estate. View More