Adjustment of Actual Costs Sample Clauses

Adjustment of Actual Costs. The City may adjust the actual costs in two ways: (1) to exclude any non-allowable costs, set out below, and (2) to exclude and/or reduce any costs which were not reasonably and necessarily incurred in the performance of the services, in accordance with this Agreement (for example, labor and equipment costs associated with the addition of routes beyond those described assumed in the Chart of Accounts which are not caused by increases in the number of Waste Generators or the volume of waste collected) unless agreed to in advance in writing by the City. 1. Payments to directors and/or owners of the Contractor unless paid as reasonable compensation for services actually rendered. Compensation paid consistent with that shown on Exhibit D-1 will be deemed reasonable. 2. Promotional, entertainment and travel expenses, unless authorized in advance by City. 3. Payments to repair damage to property of third parties or the City for which Contractor is legally liable. 4. Fines or penalties of any nature. 5. Liquidated damages assessed under Section 6.07 of this Agreement. 6. Federal or state income taxes. 7. Charitable or political donations. 8. Rental or lease charges for collection vehicles unless specifically required by this Agreement and authorized in advance by City. 9. Attorneys fees and other expenses incurred by Contractor in any court proceeding in which City and Contractor are adverse parties, unless Contractor is the prevailing party in such proceeding. 10. Costs relating to the acquisition of Contractor and the subsequent liquidation, dissolution or merger of Contractor and/or Bay or any affiliate, as defined below, and the assignment of this Agreement, including, without limitation, additional depreciation that results from the revaluation of Contractor's assets for financial or tax accounting purposes, goodwill associated with the acquisition, and acquisition costs. 11. Payments that relate to the termination of employment of any employee or agent, including, without limitation, expenditures for expenses, claims, judgments, settlements, contract buyout payments and severance payments in excess of four weeks' normal compensation. The costs resulting from these two adjustments are: Adjusted Allowed Labor-Related Costs (AAL4); Adjusted Allowed Vehicle-Related Costs (AAV4); Adjusted Allowed Other Costs (AA04); Adjusted Allowed Net Interest and Depreciation (AANID4)
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Related to Adjustment of Actual Costs

  • Actual Costs The Consultant can invoice the City for no more than the actual cost of each subconsultant plus a specified markup not to exceed 5 percent.

  • Statement of Actual Direct Expenses and Payment by Tenant Landlord shall give to Tenant within five (5) months following the end of each Expense Year, a statement (the “Statement”) which shall state the Direct Expenses incurred or accrued for such preceding Expense Year, and which shall indicate the amount of Tenant’s Share of Direct Expenses. Upon receipt of the Statement for each Expense Year commencing or ending during the Lease Term, Tenant shall pay, with its next installment of Base Rent due that is at least thirty (30) days thereafter, the full amount of Tenant’s Share of Direct Expenses for such Expense Year, less the amounts, if any, paid during such Expense Year as “Estimated Direct Expenses,” as that term is defined in Section 4.4.2, below, and if Tenant paid more as Estimated Direct Expenses than the actual Tenant’s Share of Direct Expenses, Tenant shall receive a credit in the amount of Tenant’s overpayment against Rent next due under this Lease. The failure of Landlord to timely furnish the Statement for any Expense Year shall not prejudice Landlord or Tenant from enforcing its rights under this Article 4. Even though the Lease Term has expired and Tenant has vacated the Premises, when the final determination is made of Tenant’s Share of Direct Expenses for the Expense Year in which this Lease terminates, Tenant shall immediately pay to Landlord such amount, and if Tenant paid more as Estimated Direct Expenses than the actual Tenant’s Share of Direct Expenses, Landlord shall, within thirty (30) days, deliver a check payable to Tenant in the amount of the overpayment. The provisions of this Section 4.4.1 shall survive the expiration or earlier termination of the Lease Term.

  • CLOSING COSTS AND ADJUSTMENTS All adjustments are made as of settlement date.

  • Adjustment of Impositions Impositions imposed in respect of the tax-fiscal period during which the Term terminates shall be adjusted and prorated between Lessor and Lessee, whether or not such Imposition is imposed before or after such termination, and Lessee’s obligation to pay its prorated share thereof after termination shall survive such termination.

  • Increased Costs Taxes Capital Adequacy Statement of Lenders; Obligation of Lenders and Issuing Lenders to Mitigate

  • Estimated Costs The proposed GMP Change Order shall include separately identified dollar amounts, stated as fixed sums, for Actual Costs as estimated by the Design-Builder for the complete construction of the Project, which amount shall include the all Trade Contract and Subcontract Sums, costs of materials, and any Component Change Order Sums;

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Adjustment of Grievance The School Board and the employee will attempt to adjust all grievances which may arise during the course of employment of any employee within the School District in the following manner:

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

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