Project Expenses

Project Expenses. Shall mean, with respect to one or more Projects, all funds to be paid, or all debts incurred (whether accrued or paid), or to be incurred, by the Kahn Entities or Acquisition Corp. to third-parties (but not to Optionors or owners of Option Parcels) for goods provided, or services rendered, by said third-parties in connection with Development of the Project, such as, by way of illustration, and not limitation, interest and principal on financing relating to a Project (including costs associated... with obtaining and carrying Initial Invested Funding, Development Designated Funding, Secondary Invested Funding, and Mortgage Funding), fees paid to attorneys, 4 engineers, surveyors, contractors, and vendors, fees for various Governmental Approvals and permits, the cost of insurance, the Monthly Draws, and the Miscellaneous Stipend. View More

Project Expenses. Shall mean those expenses related to the Project as defined in Paragraph 18(d) of the Lease.