Operational Costs Sample Clauses
The Operational Costs clause defines which expenses related to the day-to-day functioning of a business or project are covered under the agreement. It typically outlines specific categories of costs, such as utilities, maintenance, staffing, and supplies, and may specify whether these costs are borne by one party or shared between parties. By clearly delineating responsibility for operational expenses, this clause helps prevent disputes and ensures both parties understand their financial obligations during the term of the agreement.
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Operational Costs. All costs related to the operation of the ISG, except those described in Article 4, shall be supported by the ISG Members in accordance with Articles 3.1., 3.2 and 3.3.
Operational Costs. For each portfolio, the operational information for each added proposal will be entered into the production cost simulation (CEM® and PaR®). I in addition, the Company will include any changes to the system topology to reflect transmission upgrades required by the added proposals. The operational information used in the production cost simulations includes:
Operational Costs. The allowable direct expenses incurred by a Network Service Provider in performing its contracted functions and delivering its contracted services.
Operational Costs. 6.1. All costs and workload for staffing and maintaining the facilities and retained materials will be borne by the library that undertakes the agreement.
Operational Costs. The allowable expenses incurred by a Managing Entity in performing its contracted functions and delivering its contracted services. A federal grant to support homeless individuals with mental illnesses, who may also have co-occurring substance abuse and mental health treatment needs.
Operational Costs. The allowable expenses incurred by a Managing Entity in performing its contracted functions and delivering its contracted services.
Operational Costs. Cost of operation is hereby defined to mean the total cost of operating the Skills Center program. It includes reserve funds, as determined and reviewed annually by the Administrative Council for equipment replacement, program flexibility and financial stability. The cost of the operation shall be offset by all federal, state, local or private grants and contributions received by the Host District expressly for the operation of the Skills Center. Revenue for the operation of the Skills Center shall consist of the following:
1. State apportionment funds for secondary career and technical education students enrolled in the Skills Center.
2. Any federal, state, local or private grants or allocations received by the Host District expressly for the operation of the Skills Center. The excess costs approved by the Administrative Council, if any, of the Skills Center operation shall be pro-rated among all Consortium Districts, according to their percentage of student enrollment. Excess operational costs shall be defined as annual costs exceeding the annual revenue listed in 1 and 2 above. Any anticipated excess costs must be made known to Consortium Districts and approved by the Administrative Council no later than May 1 of the year prior to the beginning of the fiscal year in which the additional costs will be incurred.
Operational Costs. These costs comprise all other costs of the Approved Projects including programme costs, recruitment costs, salaries and allowances of the professional staff engaged in the Approved Projects.
Operational Costs. Buyer and Seller acknowledge that Premier Energy Partners (I) LLC ("Premier") has invoiced Seller for Seller's share of costs for work performed on the subject Lands (the "Invoices"). If Buyer acquires the leases owned by Premier relating to the Lands and this Agreement closes, Buyer will cancel such amounts owed by Seller under the Invoices.
Operational Costs. All costs related to the operation of the SDG, except those described in Article 6, shall be supported by the SDG Members and Participants in accordance with Articles 5.1, 5.2 and 5.3 of the present Agreement.