Cost of Design and Construction Sample Clauses

Cost of Design and Construction. All costs associated with a substation identified in a Standard Service Agreement, including the cost of design and construction, but not including O&M costs, shall be calculated and charged pursuant to the 1991 Vermont Transmission Agreement, as amended, which has been filed with and accepted by the Federal Energy Regulatory Commission and has been designated as Vermont Transco LLC Rate Schedule No. 1.
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Cost of Design and Construction. (a) Landlord shall provide a construction allowance the (the “Allowance”) to be applied to the cost of designing and constructing the Approved Tenant Improvements in an amount not to exceed the lesser of (a) the actual Cost of the work, or (b) One Hundred Twenty-Nine Thousand Four Hundred Sixty-Two Dollars and No Cents ($129,465.00). “
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Cost of Design and Construction. Subject to satisfaction or waiver of the Condition Precedent to Service, the Improvements shall be designed and constructed at the sole cost of the Charter Customer. The Commission shall loan the Charter Customer all or a portion of the funds needed for the design and construction of the Improvements in accordance with Section 3 of this Agreement.
Sample 1
Cost of Design and Construction. VELCO shall determine from its records that portion of the original costs of each substation, including the costs of money, engineering and other direct overhead items, and also the cost of any subsequent capital additions, which are allocable to the facilities required by PARTICIPANT for the operation and control of its own system and not required by VELCO, (hereinafter "Exclusive Costs"). PARTICIPANT shall own all items attributed to Exclusive Costs. Exclusive Costs of each substation allocable to PARTICIPANT shall be set forth in an Exhibit D of this Agreement. PARTICIPANT'S allocable share shall be billed when construction costs are finalized and shall be due and payable within 10 days of billing. The amount so billed shall bear interest at an annual rate, compounded monthly, equivalent to one hundred twenty percent (120%) of the current prime rate then in effect at The First National Bank of Boston, from the date the substation is placed in service to the date payment is received by VELCO from PARTICIPANT. PARTICIPANT shall have the option of requesting and paying an estimated billing to avoid the above interest charge. All charges shall be adjusted retroactive to the date the substation was placed in service, as soon as the final costs become known. As specified below, each year VELCO shall determine from its records that portion of the cost of each substation allocable to facilities, ownership of which is to be retained by VELCO but use of which is to be shared by VELCO and PARTICIPANT (hereinafter "CommonShared Use Costs"). These costs for each substation shall be set forth in an Exhibit E of this Agreement to be revised as necessary based on VELCO's records. The Shared Use Costs for a particular substation in a particular year shall equal its original cost plus the original cost of any capital additions, as booked to XXXXX’s Account No. 353, multiplied by the Carrying Charge. PARTICIPANT'S share of Common Use Costs shall be determined by dividing all Common Use Costs by the number of parties using the substation. PARTICIPANT shall pay to VELCO a carrying charge calculated as a percentage of the Common Use Costs allocable to PARTICIPANT. This amount shall be billed monthly commencing upon the date the substation is placed in service and shall be due and payable within 10 days of billing. Using VELCO's actual costs for the preceding year, Tthe percentage figureCarrying Charge shall be determined by reference to VELCO's actual costs for the preceding...
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Cost of Design and Construction 
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Related to Cost of Design and Construction

  • Definitions and Construction 1 1.1 Definitions.....................................................................................1 1.2

  • Interpretation and Construction When a reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement, unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes” and “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “hereof, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The word “will” shall be construed to have the same meaning as the word “shall.” The words “dates hereof” will refer to the date of this Agreement. The word “or” is not exclusive. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms. Any agreement, instrument, law, rule or statute defined or referred to herein means, unless otherwise indicated, such agreement, instrument, law, rule or statute as from time to time amended, modified or supplemented. Each of the parties hereto acknowledges that it has been represented by counsel of its choice throughout all negotiations that have preceded the execution of this Agreement, and that it has executed the same with the advice of said independent counsel. Each party cooperated and participated in the drafting and preparation of this Agreement and the documents referred to herein, and any and all drafts relating thereto exchanged among the parties shall be deemed the work product of all of the parties and may not be construed against any party by reason of its drafting or preparation. Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against any party that drafted or prepared it is of no application and is hereby expressly waived by each of the parties hereto, and any controversy over interpretations of this Agreement shall be decided without regards to events of drafting or preparation.

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