Total Costs

Total Costs. Means the total costs to complete construction of the Phase II Development (as certified by Seller), plus operating deficits until the first calendar month in which Total Revenues equal or exceed Total Expenses plus Debt Service. Total Costs shall generally equate to the outstanding balance under the construction loan for the Phase II Development, plus the contributed value of the land included in the Phase II Land, plus any necessary equity funded by the owner of the Phase II Property or its... members or partners. Total Costs shall not include any return of capital or return on capital to the owner of the Phase II Property or its members or partners. View More

Total Costs. All direct and indirect expenses of the Host Company and the Home Company relating to a Secondment regardless of whether they constitute income of the Secondee or not.

Total Costs. All direct and indirect expenses of the Host Company and the Home Company relating to a Secondment regardless of whether they constitute income of the Secondee or not. In case of a call back of the Secondee by the Home Company the Host Company shall be obliged to enable the termination of any Host employment contract in due course. The Host Company shall be obliged to make the necessary arrangements in any Host employment contract with respect to such a premature termination of the Host... Employment Contract in accordance with the applicable labor law. View More