Common use of Costs Incurred Prior to Date of Contract Clause in Contracts

Costs Incurred Prior to Date of Contract. The Agency’s allocated capital costs for the year preceding the year of initial payment of the capital component of the Transportation Charge, pursuant to subdivision (c) of this article, shall consist of the sum of the Agency’s allocated capital costs for each year through such year preceding the year of initial payment, and interest thereon, computed at the project interest rate and compounded annually.

Costs Incurred Prior to Date of Contract. ‌ The Agency’s allocated capital costs for the year preceding the year of initial payment of the capital component of the Transportation Charge, pursuant to subdivision (c) of this article, shall consist of the sum of the Agency’s allocated capital costs for each year through such year preceding the year of initial payment, and interest thereon, computed at the project interest rate and compounded annually.

Costs Incurred Prior to Date of Contract. The Agency’s allocated capital costs for the year preceding the year of initial payment of the capital component of the Transportation Charge, pursuant to subdivision (c24(a)(3) of this article, shall consist of the sum of the Agency’s allocated capital costs for each year through such year preceding the year of initial payment, and interest thereon, computed at the project interest rate and compounded annually.