Cumulative Costs definition

Cumulative Costs means (1) with respect to the initial Plan Year, the product of (a) the difference between the premiums paid under the Bank-Owned Life Insurance during the initial Plan Year minus the death benefits received from the Bank-Owned Life Insurance during the initial Plan Year, multiplied by (b) the sum of one plus the Annual After-Tax Cost-of-Funds Rate for such Plan Year; (2) with respect to each subsequent Plan Year, the sum of (z) the product of Cumulative Cost of the prior Plan Year multiplied by the sum of one plus the Annual After-Tax Cost-of-Funds Rate for such Plan Year plus (y) the difference between the premiums paid under the Bank-Owned Life Insurance during such Plan Year minus the death benefits received from the Bank-Owned Life Insurance during such Plan Year. An example of the computation of Cumulative Costs is attached to this Agreement on Exhibit A.

Cumulative Costs means all Petroleum Costs in the Production Area, actually incurred by the CONTRACTOR until the end of the relevant Semester, determined in accordance with Article 26.7. Notwithstanding the foregoing provisions of this Article 26.4, for the period from First Production until the end of the Calendar Year in which First Production occurs, the “R” Factor shall be deemed to be less than one (1).

Cumulative Costs means the total actual cost (excluding "soft costs") of a project, which represents the aggregate cost of all contracts, vendors and service providers hired in connection with such project. Application for payments shall be submitted monthly by Manager and the applicable Property Owner shall make payments owing hereunder within thirty (30) days after such Property Owner's receipt of the application with satisfactory supporting documentation.

Examples of Cumulative Costs in a sentence

• Cumulative Costs and Impact on Capital: o After-tax restructuring cost, option payment to First Union, and increased dividend on SunTrust shares equates to over 10+ years of cumulative projected after-tax cost savings for SunTrust hostile offer.

• Net book value Balance at beginning of period Additions Depreciation expenses Balance at end of period Cumulative depreciation Balance at beginning of period Depreciation Balance at end of period Cumulative Costs Balance at beginning of period Additions Balance at end of period During the six months ended June 30, 2023, the Group acquired assets with a cost of €54,113 (2022: €49,739).

• Net book value Balance at beginning of period Additions Depreciation expenses Balance at end of period Cumulative depreciation Balance at beginning of period Depreciation Balance at end of period Cumulative Costs Balance at beginning of period Additions Balance at end of period During the nine months ended September 30, 2023, the Group acquired assets with a cost of €61,603 (2022: €100,657).

• Remedies Cumulative; Costs of Enforcement.........................................57 Section 16.04.

• Qty/Mth Millions # of Shifts Qty/Mth Millions # of Shifts Qty/Mth Millions # of Shifts Qty/Mth Millions # of Shifts * * * * * * * * LEAD TIME * LEAD TIME * LEAD TIME * LEAD TIME * # of Emps Cost $ # of Emps Cost $ # of Emps Cost $ # of Emps Cost $ Cumulative Costs PER YEAR Purch.

More Definitions of Cumulative Costs

Cumulative Costs means the total, from the Effective Date until the end of the previous Quarter, of the Petroleum Exploration Costs and the Petroleum Development Costs incurred by the Participants, as defined and determined according to the provisions of the Accounting and Financial Procedure in the Appendix B.

Cumulative Costs has the meaning given in Article 14.6.

Cumulative Costs means all Exploration Costs, Development Costs, Production Costs, Operating Costs and Abandonment Costs, including Service, General and Administrative Costs, in respect of the Contract Area, actually incurred and paid by the Contractor from the Effective Date until the end of the Quarter preceding the relevant Quarter.

Cumulative Costs means the total, collective expenditure by the Municipality and the DOT to complete the Design Project (defined in section 1.7).

Cumulative Costs means with respect to the initial Plan Year, the difference between (i) the premiums paid under the Bank-Owned Life Insurance during the initial Plan Year minus (ii) the death benefits received by the Bank from the Bank-Owned Life Insurance during the initial Plan Year.

Cumulative Costs means, with respect to each subsequent Plan Year, the sum of (x), (y), and (z) where:

Cumulative Costs means the identified and documented direct costs incurred by each party directly related to the research and development of each PRODUCT and direct costs associated with PROGRAM INTELLECTUAL PROPERTY filing, prosecution, and maintenance covering each PRODUCT. CUMULATIVE COSTS exclude costs not directly related to the development of a PRODUCT and the PROGRAM INTELLECTUAL PROPERTY claiming such PRODUCT, and shall stop incurring for a PRODUCT and the PROGRAM INTELLECTUAL PROPERTY claiming such PRODUCT upon the earlier of (i) its licensing to a third party; (ii) upon its first regulatory approval as obtained by 4-AB; (iii) the transfer or assignment of rights to a PRODUCT or PROGRAM INTELLECTUAL PROPERTY claiming such PRODUCT obtained under or as a result of this Agreement to a third party. CUMULATIVE COSTS for each such PRODUCT may be deducted from anything of value received for rights in a PRODUCT and the PROGRAM INTELLECTUAL PROPERTY claiming such PRODUCT, whether cash or anything received in lieu of cash for such rights. CUMULATIVE COSTS shall be disclosed annually to the JOINT MANAGEMENT COMMITTEE for approval and any unapproved costs shall not be considered CUMULA TIVE COSTS. For clarity, the CUMULA TIVE COSTS of each PRODUCT and the PROGRAM INTELLECTUAL PROPERTY, or part thereof, claiming such PRODUCT can only be deducted from the monetary realization of each such specific instance. By way of non-limiting example only, CUMULATIVE COSTS associated with PRODUCT 1 shall exclude expenses related to a clinical trial for development of PRODUCT 2, shall not include PROGRAM INTELLECTUAL PROPERTY claiming PRODUCT 2, and cannot be deducted from licensing revenue of PRODUCT 2.