Other Operating Expenses Clause Samples
The 'Other Operating Expenses' clause defines which additional costs, beyond primary expenses like salaries or materials, are considered part of a business's operational expenditures. This clause typically covers items such as utilities, office supplies, travel, and maintenance costs that are necessary for day-to-day operations but are not directly tied to production. By clearly outlining these expenses, the clause ensures transparency in financial reporting and helps prevent disputes over what costs are reimbursable or included in budget calculations.
Other Operating Expenses. The Lessor shall bear the cost of all normal maintenance and administrative expenses of the leased premesis.
Other Operating Expenses. Lessee agrees to pay all other operational expenses of the Premises not heretofore mentioned.
Other Operating Expenses. Where possible, we will seek to obtain a reduced rate (or in the case of exit charges, a waiver) in relation to investments made for you into investment funds.
Other Operating Expenses. All other operating expenses of the Property, including payments due or owing under any Contracts in effect at Closing and any fees as to which periodic payments are made for applicable licenses and permits, if any, shall be prorated as of the Closing Proration Time, except that no premiums for insurance policies paid as of the Closing Date shall be prorated, and Existing Members shall be entitled to any refunds of any such premiums for such policies. Existing Members shall receive a credit for all Contract deposits or other security, if any, at Closing.
Other Operating Expenses. Other operating expenses primarily represents selling and promotion expenses, provision for doubtful accounts, operating lease charges, maintenance charges, debt collection fees, spectrum charges and other miscellaneous expenses.
Other Operating Expenses. To the extent not otherwise addressed by the foregoing, any other operating expenses for the Property (“Operating Expenses”) shall be prorated as of the Closing Proration Time. Seller shall pay all such other Operating Expenses attributable to the Property up to and including the Closing Proration Time and Purchaser shall pay all such other Operating Expenses attributable to the Property after the Closing Proration Time.
Other Operating Expenses. All other operating expenses, including such items as gas, diesel, and oil. Repair and Maintenance Items shall be listed separately and are Allowable Expenses.
Other Operating Expenses. Other operating expenses for fiscal 2001 consists of a write-off of acquired in-process research and development of $30.2 million and a restructuring charge of $5.9 million. Extreme recorded in-process research and development charges of $13.4 million related to the purchase of Optranet on January 31, 2001 and $16.8 million related to the purchase of Webstacks on March 7, 2001. The value assigned to purchased in-process research and development was determined through valuation techniques generally used by appraisers in the high-technology industry and was immediately expensed in the period of acquisition because technological feasibility had not been established and no alternative use had been identified. The charges are discussed in more detail in Note 3. In March 2001, we implemented a restructuring plan in order to lower our overall cost structure. In connection with the restructuring, we reduced our headcount and consolidated facilities. The restructuring expense included $2.3 million for the write-off and write-down in carrying value of Summit based equipment, $1.8 million for severance and benefits for approximately 100 terminated employees and $1.8 million in facility closure expenses. The number of temporary employees and contractors used by us was also reduced. The following analysis sets forth the significant components of the restructuring reserve at June 30, 2001 (in thousands): Severance Facility Equipment and Benefits Closure Total ------------ -------- ------- Restructuring charge............ $ 2,321 $ 1,848 $1,772 $ 5,941 Cash charge..................... -- (1,848) (29) (1,877) Non-cash charge................. (2,321) (2,321) ------- ------ ------- 10) Subsequent Event Beginning on July 6, 2001, multiple purported securities fraud class action complaints were filed in the United States District Court for the Southern District of New York. We are aware of at least two such complaints, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co., Inc., et al, No. 01 CV 6148 (S.D.N.Y. July 6, 2001) (which does not name us or our officers or directors as defendants) and ▇▇▇ ▇. Extreme Networks, Inc., et al., No. 01 CV 6700 (S.D.N.Y. July 23, 2001). The complaints are brought purportedly on behalf of all persons who purchased our common stock from November 17, 1999 through December 6, 2000. The Hui complaint names as defendants Extreme Networks and certain of our present and former officers; and several investment banking firms that served as underwriters of our initial pub...
Other Operating Expenses. Clinical Supervision (2 hrs/week * $50/hr) Staff Development (4 per year/$200 each) Job Postings/Recruitment Notes: -3% Staff Increase CONTRACTOR shall file with COUNTY concurrently herewith a Certificate of Insurance, in companies acceptable to COUNTY, with a Best’s Rating of no less than A-:VII evidencing all coverages, limits, and endorsements listed below:
Other Operating Expenses. This category includes all other costs that are not included in the previous three cost categories.