Cycle Costs Clause Samples
The Cycle Costs clause defines the expenses associated with each operational or production cycle under an agreement. It typically outlines which party is responsible for covering recurring costs such as materials, labor, maintenance, or utilities for each cycle, and may specify how these costs are calculated or reimbursed. By clearly allocating financial responsibility for ongoing cycle-related expenses, this clause helps prevent disputes and ensures both parties understand their obligations throughout the contract's duration.
Cycle Costs. Base design decisions on life‐cycle cost considerations to determine an economical design for facilities. Take into account not only the initial construction costs but also the operating and maintenance costs of buildings, the associated impacts on productivity and the missions performed within the facility over their anticipated life. Designers must design within current cost criteria and requirements of each project’s programming documents.
Cycle Costs. A form of economic analysis that considers the total cost of owning, operating, and maintaining a building over its useful life. Life-cycle costs are the sum of the present value of the following: investment costs, less salvage value, at the end of the study period; non-fuel operation and maintenance costs; replacement costs, less salvage costs, of the replaced building systems; and energy costs.
Cycle Costs expenses relating to any capital repair or replacement associated with the on-going life-cycle management of the Buildings shall be the responsibility of the Landlord. The Tenant will pay its reasonable, proportionate share of such expenses in the form of Additional Rent as further described in the Lease. The Tenant shall not be responsible for any repair or replacement expenses deemed related to life-cycle costs for the initial thirty-five (35) years of Term. MUNICIPAL CAPITAL FACILITY AGREEMENT (MCFA) RESPONSIBILITIES OF TENANT AND LANDLORD