Exclusive Costs Sample Clauses

Exclusive Costs. Any equipment in a substation that is required by a PARTICIPANT for the operation and control of its own system and not required by VT Transco is an Exclusive Facility. PARTICIPANT shall own all its Exclusive Facilities and pay VT Transco for all costs incurred to design and construct those Exclusive Facilities (“Exclusive Costs”). Other than Exclusive Facilities owned by one or more PARTICIPANTS, VT Transco shall own all facilities in the substation. Within a reasonable time after construction of Exclusive Facilities is complete, VT Transco shall issue a xxxx to the appropriate PARTICIPANT identifying the amount of Exclusive Costs due, including interest. Interest shall be calculated at an annual rate in accordance with regulations of the Federal Energy Regulatory Commission, codified in the Code of Federal Regulations, Volume 18, Section 35.19a, as such regulations may be amended from time to time (“FERC Interest Rate”). The total amount of interest due is calculated from the date the substation is placed in service to the date payment is received by VT Transco. PARTICIPANT shall have the option of requesting and paying an estimated billing to avoid all or part of the 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. The xxxx shall be due and payable within 10 days of issuance.
Sample 1
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Exclusive Costs. VELCO shall determine from its records that portion of the costs of each substation, including the costs of money, engineering and other direct overhead items, which are allocable to the facilities required byAny equipment in a substation that is required by a PARTICIPANT for the operation and control of its own system and not required by VELCO, (hereinafter "Exclusive Costs"). VT Transco is an Exclusive Facility. 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,its Exclusive Facilities and pay VT Transco for all costs incurred to design and construct those Exclusive Facilities (“Exclusive Costs”). Other than Exclusive Facilities owned by one or more PARTICIPANTS, VT Transco shall own all facilities in the substation. Within a reasonable time after construction of Exclusive Facilities is complete, VT Transco shall issue a xxxx to the appropriate PARTICIPANT identifying the amount of Exclusive Costs due, including interest. Interest shall be calculated at an annual rate in accordance with regulations of the Federal Energy Regulatory Commission, codified in the Code of Federal Regulations, Volume 18, Section 35.19a, as such regulations may be amended from time to time (“FERC Interest Rate”). The total amount of interest due is calculated from the date the substation is placed in service to the date payment is received by VELCO from PARTICIPANTVT Transco. 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.all or part of the 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. The xxxx shall be due and payable within 10 days of issuance.
Sample 1
Exclusive Costs. Any equipment in a substation that is required by a PARTICIPANT for the operation and control of its own system and not required by VT Transco is an Exclusive Facility. PARTICIPANT shall own all its Exclusive Facilities and pay VT Transco for all costs incurred to design and construct those Exclusive Facilities (“Exclusive Costs”). Other than Exclusive Facilities owned by one or more PARTICIPANTS, VT Transco shall own all facilities in the substation. VT Transco shall issue a bill to each PARTICIPANT identifying the amount of Exclusive Costs due within a reasonable time after construction of the associated Exclusive Facilities is complete. The bill shall be due and payable within 10 days of issuance. Any amount due and remaining unpaid 10 days following the date of issuance of the invoice shall bear interest at an annual rate to be calculated in accordance with regulations of the Federal Energy Regulatory Commission, codified in the Code of Federal Regulations, Volume 18, Section 35.19a, as such regulations may be amended from time to time (“FERC Interest Rate”). The total amount of interest due is calculated from the date the substation is placed in service to the date payment is received by VT Transco. PARTICIPANT shall have the option of requesting and paying an estimated billing to avoid all or part of the 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.
Sample 1

Related to Exclusive Costs

  • Start-Up Costs 4.1.1 The Government of Ontario will provide:

  • General Expenses You authorize the Manager to charge your account with your Underwriting Percentage of all expenses of a general nature incurred by the Manager and Co-Managers under the applicable AAU in connection with the Offering, including the negotiation and preparation thereof, or in connection with the purchase, carrying, marketing and sale of any securities under the applicable AAU and any Intersyndicate Agreement, including, without limitation, legal fees and expenses, transfer taxes, costs associated with approval of the Offering by the NASD and the costs of currency transactions (including forward and hedging currency transactions) entered into to facilitate settlement of the purchase of Securities permitted under Section 3.1 hereof.

  • Service Costs Service Costs are direct and indirect expenditures incurred in support of Petroleum Operations in the Contract Area, including expenditures on warehouses, piers, marine vessels, vehicles, motorized rolling equipment, aircraft, fire and security stations, workshops, water and sewerage plants, power plants, housing, community and recreational facilities and furniture and tools and equipment used in these activities. Service Costs in any Year shall include the costs incurred in such Year to purchase and/or construct the said facilities as well as the annual costs of maintaining and operating the same, each to be identified separately. All Service Costs shall be regularly allocated as specified in Sections 2.2.5, 2.3.5 and 2.4 to Exploration Costs, Development Costs and Production Costs and shall be separately shown under each of these categories. Where Service Costs are made in respect of shared facilities, the basis of allocation of costs to Petroleum Operations hereunder shall be specified.

  • Indirect Costs If indirect costs are charged, the Subrecipient will develop an indirect cost allocation plan for determining the appropriate Grantee share of administrative costs and shall submit such plan to the Grantee for approval.

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • License Fees If so provided in the Prospectus, the Depositor may enter into a Licensing Agreement (the "Agreement") with a licensor (the "Licensor") described in the Prospectus in which the Trust(s), as consideration for the licenses granted by the Licensor for the right to use its trademarks and trade names, intellectual property rights or for the use of databases and research owned by the Licensor, will pay a fee set forth in the Agreement to the applicable Licensor or the Depositor to reimburse the Depositor for payment of the expenses. If the Agreement provides for an annual license fee computed in whole or part by reference to the average daily net asset value of the Trust assets, for purpose of calculating the accrual of estimated expenses such annual fee shall accrue at a daily rate and the Trustee is authorized to compute an estimated license fee payment (i) until the Depositor has informed the Trustee that there will be no further deposits of additional Securities, by reference to an estimate of the average daily net asset value of the Trust assets which the Depositor shall provide the Trustee, (ii) thereafter and during the calendar quarter in which the last business day of the period described in clause (i) occurs, by reference to the net asset value of the Trust assets as of such last business day, and (iii) during each subsequent calendar quarter, by reference to the net asset value of the Trust assets as of the last business day of the preceding calendar quarter. The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof.

  • Administrative Costs Administrative costs will not be included in the budget neutrality agreement, but the state must separately track and report additional administrative costs that are directly attributable to the demonstration. All administrative costs must be identified on the Forms CMS-64.10 Waiver and/or 64.10P Waiver.

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