DEVELOPMENT EXPENDITURE Sample Clauses

DEVELOPMENT EXPENDITURE. Development Expenditure shall consist of all expenditure incurred in Development Operations, including but not limited to expenditure on: a) drilling xxxxx which are completed as producing xxxxx and drilling xxxxx for purposes of producing a Petroleum reservoir already discovered, whether these xxxxx are dry or producing; b) tangible drilling costs for completing xxxxx such as installation of casing or equipment or otherwise equipping a well after it has been drilled for the purpose of bringing such well into use as a producing well; c) intangible drilling costs such as labour, consumable material and services having no salvage value which are incurred in drilling and deepening of xxxxx for producing purposes; d) field facilities such as pipelines, flow lines, production and treatment units, wellhead equipment, subsurface equipment, enhanced recovery systems, offshore platforms and production facilities, Petroleum storage facilities (whether offshore or onshore) and access roads for Production Operations; e) engineering and design studies for field facilities; f) all service costs allotted to Development Operations on an equitable basis; g) all General and Administrative Expenses (incurred within or outside Ghana) allocated to Development Operations based on the percentage share of projected budget expenditure which will be adjusted to actual expenditure as the end of the year.
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DEVELOPMENT EXPENDITURE. 31.6.1 Development Expenditure shall consist of expenditure incurred in Development Operations, including but not limited to expenditure on:
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DEVELOPMENT EXPENDITURE. 24.1 The COMPANY will secure funds on loan account from the Developer for the purposes of financing the building of the APARTMENTS, and the COMPANY'S total LOAN OBLIGATION shall not exceed the amount so advanced to it. Such loans will not exceed the cost of the building of the APARTMENTS and common facilities, the single lease premium pad by the developer and the furnishing of the APARTMENTS and shall be repayable on such terms as are not more onerous than applied by the Banks in respect of loans secured by First Mortgage Bonds on urban immovable property. 24.2 Any dispute concerning any matter arising out of the provisions of 25.1 shall be decided by an architect appointed by two umpires, one of whom shall be appointed by each of the COMPANY and the member The architect shall act as an expert and not an arbitrator and his decision shall be final and binding on all parties to this agreement.
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DEVELOPMENT EXPENDITURE. Development costs are charged to the profit and loss account in the year of expenditure, unless individual projects satisfy all of the following criteria: • the project is clearly defined and related expenditure is separately identifiable; • the project is technically feasible and commercially viable; • current and future costs are expected to be exceeded by future sales; and • adequate resources exist for the project to be completed. In such circumstances the costs are carried forward and amortised over a period not exceeding five years commencing in the year the company starts to benefit from the expenditure.
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DEVELOPMENT EXPENDITURE. Gender and Mentoring Centre shall invest part of the expenditure for human resource development and acquisition of mentoring and sensitization facilities
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Related to DEVELOPMENT EXPENDITURE

  • Development Costs Licensee shall be responsible for all of its costs and expenses in connection with the Development of, and obtaining and maintaining Regulatory Approvals for, the Licensed Products in the Field in the Territory.

  • XXXXXX’S EXPENDITURES If any action or proceeding is commenced that would materially affect Xxxxxx’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Xxxxxxxx. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity.

  • Capital Expenditure Make or incur any Capital Expenditure if, after giving effect thereto, the aggregate amount of all Capital Expenditures by Borrower in any fiscal year would exceed the amount set forth on the Schedule;

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.

  • Development Activities The Development activities referred to in item “b” of paragraph 3.1 include: studies and projects of implementation of the Production facilities; drilling and completion of the Producing and injection xxxxx; and installation of equipment and vessels for extraction, collection, Treatment, storage, and transfer of Oil and Gas. The installation referred to in item “c” includes, but is not limited to, offshore platforms, pipelines, Oil and Gas Treatment plants, equipment and facilities for measurement of the inspected Production, wellhead equipment, production pipes, flow lines, tanks, and other facilities exclusively intended for extraction, as well as oil and gas pipelines for Production Outflow and their respective compressor and pumping stations.

  • Expenditure No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Ship.

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