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5<br />
“Plan of Subdivision” means the unregistered Plan of Subdivision in respect of<br />
the Land proposed to be registered by the Developer in a form substantially<br />
in accordance with the Concept Plans;<br />
“Price” means the sum specified as the price in the Schedule;<br />
"Project" means the development of the Property by the Developer for<br />
commercial gain largely in accordance with the Concept Plan;<br />
"Project Agreements" means this Agreement and all other agreements or<br />
instruments entered into by the Developer in connection with the Project, all<br />
as amended from time to time;<br />
"Project Expenses" means the Expenditure and all capital and operating<br />
costs, charges, expenses, fees, taxes (other than income or capital gains<br />
taxes) and other payments and expenditures of and incidental to the<br />
conduct of the Project, including, without limitation, the following:<br />
(a)<br />
(b)<br />
(c)<br />
(d)<br />
(e)<br />
the legal costs and out of pocket expenses of the Developer in<br />
respect of the completion and carrying into effect of the acquisition<br />
of the Property and this Agreement and any other documents<br />
necessarily incidental to this Agreement;<br />
the total of the acquisition costs properly incurred by the Developer<br />
in respect of its purchase of the Land including but without limiting<br />
the generality thereof the purchase price, stamp duty, legal fees<br />
and expenses,<br />
all costs, fees and interest charges incurred in respect of any finance<br />
facilities, loans, mortgages or other forms of financial<br />
accommodation issued in respect of the Property;<br />
all costs of and incidental to the preparation and execution of this<br />
Agreement and the annexures to this Agreement including stamp<br />
duty (if any);<br />
all costs and fees payable to surveyors, engineers, consultants and<br />
any other costs and fees properly payable to the local council, or<br />
any other appropriate authority in relation to the Project and also all<br />
costs and expenses of and incidental to the obtaining of all<br />
necessary consents to the Project;<br />
(f) all construction costs and costs of any other services or<br />
improvements in respect of the Property incurred after the date<br />
hereof;<br />
(g) the construction costs (or any contribution to such costs) of<br />
roadworks and parking areas as required by the relevant<br />
municipality or council as a condition of its development approval;<br />
(h)<br />
(i)<br />
the cost of cleaning, maintaining and landscaping (where<br />
appropriate) gardens and outdoor areas contemplated by the<br />
Project;<br />
all rates taxes (including land tax at the rate actually payable) and