Initial Cost Estimate Sample Clauses

Initial Cost Estimate. On or before the 60th day before an election for which the Participating Entity has requested election services, the Election Officer will mail and/or email to the Participating Entity a cost estimate for conducting the election. The cost estimate will include an administrative fee that is equal to 10% of the total estimated cost of conducting the Participating Entity’s election, excluding the costs of voting equipment. In the event of a joint election, the cost estimate will reflect that election costs will be divided on a pro rata basis among all entities involved in the election in the manner set forth in this Section 5. The proportional cost for the Election Officer to conduct each participating entity’s election will be calculated by dividing the number of registered voters in the territorial jurisdiction of each participating entity by the total number of registered voters for all of the participating entities involved in the joint election and multiplying that quotient by the total cost of the election. The product of these numbers is the pro rata cost share for each participating entity. The Participating Entity acknowledges and understands that if any other participating entity listed in the cost estimate cancels its election, each remaining participating entity’s pro rata cost (including the Participating Entity’s pro rata cost share) will result in a proportionate cost increase.
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Initial Cost Estimate. At such time as Preliminary Plans that have been approved in writing by both the UG and Manager have been prepared, the UG will prepare an estimate of the Total Cost based on the approved Preliminary Plans ("Initial Cost Estimate"). If the Initial Cost Estimate is less than or equal to the original Project Costs Budget, then Manager and the UG will be deemed to have approved the Initial Cost Estimate. If the Initial Cost Estimate is greater than Project Costs Budget, then the UG, at the UG's option, may (i) approve the Initial Cost Estimate in writing; or (ii) elect to value engineer portions of the Project, or eliminate or revise one or more items shown on the Preliminary Plans so as to reduce the Initial Cost Estimate to be within the Project Costs Budget; or (iii) elect to terminate the Agreement. Upon any termination hereof pursuant to this Section, the Agreement shall terminate, and, except as specifically set forth herein, the parties hereto shall have no further duty or obligation hereunder and without limiting the generality of the foregoing: (a) Manager shall be liable and responsible for all costs and expenses incurred by it with respect to the Agreement and the transactions contemplated hereby, and the UG shall have no duty or responsibility of any type or nature to reimburse or otherwise pay any such costs or expenses; and (b) the UG shall be liable and responsible for all costs and expenses incurred by it with respect to the Agreement and the transactions contemplated hereby, and Manager shall have no duty or responsibility of any type or nature to reimburse or otherwise pay any such costs or expenses.
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Initial Cost Estimate. For an agreed upon specific task or Deliverable, as set forth in the applicable SOW, HNS will provide an initial good faith estimate of the Allowable Costs anticipated for performance of the task or provision of the Deliverable (“Initial Cost Estimate”). The Initial Cost Estimate for each such task or Deliverable is as set forth in Appendix C.
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Initial Cost Estimate. Attached hereto as Appendix D is a good-faith estimate of the initial Interconnection Costs (the "Initial Cost Estimate").
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Initial Cost Estimate. Once the Third-Party Engineer has been selected by the County, the Third-Party Engineer will prepare: (A) the cost estimate for the demolition and removal of the Supporting Facilities located on, in or under property owned or managed by the County and all Towers (the “Cost Estimate”), and (B) the amount that the Cost Estimate exceeds the estimated salvage value of all Supporting Facilities and Towers (that exceeding amount, the “Net Removal Cost”). The Cost Estimate and Net Removal Cost will be made available to the public. The amount relied on by the Developer for the Cost Estimate and Net Removal Cost will be determined by the Third-Party Engineer. The Cost Estimate will be equal to one hundred percent (100%) of the estimated amount of the cost to County (which might reasonably include types of costs or amounts of costs more than what it would cost Developer) of removing the Supporting Facilities located on, in or under property owned or managed by the County or within any Road Right of Ways, and all Towers, and performing all Decommissioning Services; including without limitation: reasonable professional fees related thereto, and any funds so that the County does not encounter any delay to complete Decommissioning Services due to liens, lienholders, third party claims, or timing of County’s receipt of salvage proceeds. Developer shall pay all fees in obtaining the estimates of the Cost Estimate and the Net Removal Cost, and shall keep the Restoration Security in force throughout the remaining Term of this Agreement. The Third-Party Engineer shall re-evaluate (at the cost of the Developer) the amount of the Net Removal Cost upon each subsequent five-year anniversary of the first date that the Wind Project has entered commercial operation (“COD”) until the decommissioning is certified complete by the Third-Party Engineer, and Developer shall adjust the Restoration Security accordingly.
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Initial Cost Estimate. The total estimated cost for the Relocation Work for which the District is responsible is $ (the “Initial Cost Estimate”). The Initial Cost Estimate does not include an Income Tax Component of Contribution (“ITCC”) based on OWNER’s understanding that this project is exempt from ITCC charges. In the event that the Internal Revenue Service, state, city, and/or local governmental taxing authority determines that this project is taxable, the District will reimburse OWNER for the full amount of the tax liability, plus interest, penalties, fees, and related costs. Such amounts will be paid to OWNER within 60 days after notification of such event by OWNER to the District. By execution of this document, the District hereby acknowledges that this project is funded by the District.
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Related to Initial Cost Estimate

  • Cost Estimate The cost estimate shall set out the estimated costs for the proposed Change Order in such a way that a fair evaluation can be made. It shall include a breakdown for labor, materials, equipment and markups for overhead and profit, unless TxDOT agrees otherwise. If the work is to be performed by Subcontractors and if the work is sufficiently defined to obtain Subcontractor quotes, DB Contractor shall obtain quotes (with breakdowns showing cost of labor, materials, equipment and markups for overhead and profit) on the Subcontractor’s stationery and shall include such quotes as back-up for DB Contractor’s estimate. No markup shall be allowed in excess of the amounts allowed under Section 10.6. DB Contractor shall identify all conditions with respect to prices or other aspects of the cost estimate, such as pricing contingent on firm orders being made by a certain date or the occurrence or non-occurrence of an event.

  • Initial Cost Subject to reimbursement as hereinafter provided, the cost of organizing the Trust and the sale of the Units shall be borne by the Depositor, provided, however, that the liability on the part of the Depositor under this Section 3.01 shall not include any fees or other expenses incurred in connection with the administration of the Trust subsequent to the deposit referred to in Section 2.01. At the earlier of six (6) months after the Initial Date of Deposit or the conclusion of the initial offering period (as certified by the Depositor to the Trustee), the Trustee shall withdraw from the account(s) specified in the Prospectus or, if no account is therein specified, from the Capital Account, and pay to the Depositor the Depositor’s reimbursable expenses of organizing the Trust in an amount certified to the Trustee by the Depositor. In no event shall the amount paid by the Trustee to the Depositor for the Depositor’s reimbursable expenses of organizing the Trust exceed the estimated per Unit amount of organization costs set forth in the Prospectus for the Trust multiplied by the number of Units of the Trust outstanding at the earlier of six (6) months after the Initial Date of Deposit or the conclusion of the initial offering period; nor shall the Depositor be entitled to or request reimbursement for expenses of organizing the Trust incurred after the earlier of six (6) months after the Initial Date of Deposit or the conclusion of the initial offering period. If the cash balance of the Capital Account is insufficient to make such withdrawal, the Trustee shall, as directed by the Depositor, sell Securities identified by the Supervisor, or distribute to the Depositor Securities having a value, as determined under Section 5.01 as of the date of distribution, sufficient for such reimbursement provided that such distribution is permissible under applicable laws and regulations. Securities sold or distributed to the Depositor to reimburse the Depositor pursuant to this Section shall be sold or distributed by the Trustee, to the extent practicable, in the Percentage Ratio then existing (unless the Trust is a RIC, in which case sales or distributions by the Trustee shall be made in accordance with the instructions of the Supervisor or its designees). The reimbursement provided for in this Section shall be for the account of Unitholders of record at the earlier of six (6) months after the Initial Date of Deposit or the conclusion of the initial offering period. Any assets deposited with the Trustee in respect of the expenses reimbursable under this Section 3.01 shall be held and administered as assets of the Trust for all purposes hereunder. Any cash which the Depositor has identified as to be used for reimbursement of expenses pursuant to this Section 3.01 shall be held by the Trustee, without interest, and reserved for such purposes and, accordingly, prior to the earlier of six (6) months after the Initial Date of Deposit or the conclusion of the initial offering period, shall not be subject to distribution or, unless the Depositor otherwise directs, used for payment of redemptions in excess of the per Unit amount payable pursuant to the next sentence. If a Unitholder redeems Units prior to the earlier of six months after the Initial Date of Deposit or the conclusion of the initial offering period, the Trustee shall pay the Unitholder, in addition to the Unit Value of the tendered Units (in the computation of which the expenses reimbursable pursuant to this Section shall have been deducted), unless otherwise directed by the Depositor, an amount equal to the estimated per Unit cost of organizing the Trust set forth in the Prospectus, or such lower revision thereof most recently communicated to the Trustee by the Depositor, multiplied by the number of Units tendered for redemption; to the extent the cash on hand in the Trust is insufficient for such payments, the Trustee shall have the power to sell Securities in accordance with Section 6.02. As used herein, the Depositor’s reimbursable expenses of organizing the Trust shall include, but are not limited to, the cost of the initial preparation and typesetting of the registration statement, prospectuses (including preliminary prospectuses), the Indenture, and other documents relating to a Trust Securities and Exchange Commission and state blue sky registration fees, the costs of the initial valuation of the portfolio and audit of a Trust, the costs of a portfolio consultant, if any, one-time licensing fees, if any, the initial fees and expenses of the Trustee, and legal and other out-of-pocket expenses related thereto, but not including the expenses incurred in the printing of prospectuses (including preliminary prospectuses), expenses incurred in the preparation and printing of brochures and other advertising materials and any other selling expenses.”

  • Operating Costs Tenant shall pay to Landlord, as Additional Rent, Tenant's Percentage of Operating Costs (as hereinafter defined) paid or incurred by Landlord with respect to the Property in any twelve-month period established by Landlord (an "Operating Year") during the term of this Lease. Except as otherwise provided in the immediately following paragraph Tenant shall pay Tenant's Percentage of Operating Costs ("Tenant's Operating Cost Obligation") to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement thereof, prepared, allocated and computed in accordance with then prevailing customs and practices of the real estate industry, consistently applied. Any year-end statement by Landlord relating to Operating Costs (other than an invoice for a monthly estimate) shall be final and binding upon Tenant unless it shall within thirty (30) days after receipt thereof, contest any item therein by giving notice to Landlord specifying each item contested and the reasons therefor. Tenant shall pay to Landlord, as Additional Rent on the first day of each calendar month during the term but otherwise in the manner provided for the payment of Annual Fixed Rent, estimated payments on account of Tenant's Operating Cost Obligation, such monthly amounts to be sufficient to provide to Landlord, by the end of each Operating Year, a sum equal to the Tenant's Operating Cost Obligation for such Operating Year, as reasonably estimated by Landlord from time to time during such Operating Year. If, at the expiration of each Operating Year in respect of which monthly installments of Operating Cost Obligation shall have been made as aforesaid, the total of such monthly remittances is greater than the Tenant's Operating Cost Obligation for such Operating Year, Landlord shall credit such overpayment against Tenant's subsequent obligations on account of Operating Costs (or promptly refund such overpayment if the term of this Lease has ended and Tenant has no further obligation to Landlord); if the total of such remittances is less than the Operating Cost Obligation for such Operating Year, Tenant shall pay the difference to Landlord within ten (10) days after being so notified by Landlord. In the event that the Commencement Date shall occur or the term of this Lease shall expire or be terminated during any Operating Year or Tenant's Percentage shall be modified during any Operating Year due to a change in the rentable area of the Building and/or the Premises or otherwise, as the case may be, then the amount of Tenant's Operating Cost Obligation which may be payable by Tenant as provided in this subsection 4.2.2 shall be pro-rated on a daily basis based on a 365 day Operating Year.

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