APC'S Actual Cost; Billing and Verification Sample Clauses

APC'S Actual Cost; Billing and Verification. (a) For purposes of this Agreement, "APC's Actual Cost" of performing any activity shall consist of the sum of (1) all amounts paid by APC to third party contractors or suppliers, including affiliated companies, in connection with such activity (including any financing charges directly associated with or attributable to such amounts) plus APC's then-prevailing reasonable overhead charges for such activities, (2) all hourly wages paid by APC to employees of APC for the performance of such activity or any part thereof, plus APC's then- prevailing reasonable overhead charges for the same, (3) a ratable portion of the salary of each salaried employee of APC who is personally involved in such activity or any part thereof, determined by multiplying the weekly, monthly or annual salary of each such employee by a fraction, the numerator of which is the number of hours devoted to such activity by such employee during any pay period and the denominator of which is the sum of the total number of hours worked and the number of vacation hours and sick leave hours taken by such employee in such pay period, plus APC's then-prevailing reasonable charges for the same, ("overhead charges") and (4) APC's standard charges for the use of vehicles used in the performance of such activity.
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Related to APC'S Actual Cost; Billing and Verification

  • Frequency of Bills; Billing Practices In accordance with the Servicer Policies and Practices, the Servicer shall generate and issue a Bill to each Customer. In the event that the Servicer makes any material modification to the Servicer Policies and Practices, it shall notify the Issuer, the Indenture Trustee and the Rating Agencies as soon as practicable, and in no event later than 30 Servicer Business Days after such modification goes into effect, but the Servicer may not make any modification that will materially adversely affect the Holders.

  • Account Verification Whether or not a Default or Event of Default exists, Agent shall have the right at any time, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone or otherwise. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

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