Assessment of Operating Costs Sample Clauses

Assessment of Operating Costs. For each fiscal year, the assessment of operating costs for each member town will be the sum of the following: (a) the member’s required local contribution to the District as determined by the Commissioner; (b) the member’s share of that portion of the District’s net school spending, as defined by MGL Chapter 70, Section 2, that exceeds the total of the required local contributions for all members; and
Sample 1
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Assessment of Operating Costs. Pursuant to M.G.L. c. 70, § 6 and 603 CMR 41.01, for each fiscal year, the assessment of operating costs for each member town will be the sum of the following: (a) the member’s required local contribution to the District as determined by the Commissioner of Elementary and Secondary Education; (b) the member’s share of that portion of the District’s net school spending, as defined by M.G.L. c. 70, § 2, that exceeds the total required local contributions for all members; and (c) the member’s share of costs for transportation and all other expenditures (exclusive of capital costs as defined under Section VII.C below) that are not included in the District’s net school spending.
Sample 1
Assessment of Operating Costs. All expenditures incurred in the operation of the RURAL CHAMPAIGN COUNTY SPECIAL EDUCATION COOPERATIVE program shall be prorated among the member districts on a per capita cost basis based on student enrollment as reported by each member district to the Regional Office of Education and the Illinois State Board of Education for the prior school year.
Sample 1
Assessment of Operating Costs. For each fiscal year, the assessment of operating costs for each member town will be the sum of the following: (a) the member’s required local contribution to the District as determined by the Commissioner and (b) the member’s share of that portion of the District’s spending that exceeds the total of the required local contributions for all members. A member’s share of (b) will be calculated on the basis of “foundation enrollment” as defined in G.L. Chapter 70 section 2.
Sample 1
Assessment of Operating Costs. For each fiscal year, the assessment of operating costs for each member town will be the sum of the following: (a) the member’s required local contribution to the District as determined by the Commissioner; (b) the member’s share of that portion of the District’s net school spending, as defined by G.L. chapter 70, section 2, that exceeds the total of the required local contributions for all members; and (c) the member’s share of costs for transportation and all other expenditures (exclusive of capital costs as defined under Section V,C below) that are not included in the District’s net school spending. A member’s share of (b) and (c) above will be calculated on the basis of “foundation enrollment” as defined in G.L. chapter 70, section 2 based upon a five year rolling average. That is, for any fiscal year a member will pay the same percentage of (b) and (c) above as that member’s foundation enrollment for the preceding five years relates to the foundation enrollment for the entire District during those five years when the foundation enrollment figures for those five years are averaged.
Sample 1
Assessment of Operating Costs 
Sample 1

Related to Assessment of Operating Costs

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Definition of Operating Expenses Operating Expenses" shall mean and include all expenses incurred and payable in connection with the ownership, operation, maintenance, repair and management of the Premises and the improvements thereon and, without restricting the generality of the foregoing, shall include:

  • Statement of Operations Statement of Changes in Net Assets.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including: 1. Pursuant to the Corporate Accountability for Tax Expenditures Act, 20 ILCS 715, et seq., a discontinuance of operations at the Project during the five-year period after the beginning of the first Taxable Year for which the Department issues a Certificate of Verification shall result in all Credits taken by the Company during such five-year period being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof. 2. Pursuant to Section 5-65 of the Act, discontinuance by the Company of operations at the Project during the term of this Agreement with the intent to terminate operations in the State of Illinois shall result in all Credits taken by the Company being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof.

  • Duties of Operator Operator shall perform all required testing of Manufacturer’s Bus in accordance with the FTA Regulations and the established testing procedures used at the bus testing facility and provided to Manufacturer which procedures are attached hereto marked Exhibit “A” and incorporated herein by this reference.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • Rent Rolls; Operating Histories The Seller has obtained a rent roll (the “Certified Rent Roll(s)”) other than with respect to hospitality properties certified by the related Mortgagor or the related guarantor(s) as accurate and complete in all material respects as of a date within 180 days of the date of origination of the related Mortgage Loan. The Seller has obtained operating histories (the “Certified Operating Histories”) with respect to each Mortgaged Property certified by the related Mortgagor or the related guarantor(s) as accurate and complete in all material respects as of a date within 180 days of the date of origination of the related Mortgage Loan. The Certified Operating Histories collectively report on operations for a period equal to (a) at least a continuous three-year period or (b) in the event the Mortgaged Property was owned, operated or constructed by the Mortgagor or an affiliate for less than three years then for such shorter period of time, it being understood that for mortgaged properties acquired with the proceeds of a Mortgage Loan, Certified Operating Histories may not have been available.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

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