Restructuring cost Sample Clauses

Restructuring cost. Before the Operator may make any charge to the Joint Account for restructuring cost, including cost for retirement before the Pensionable Age (“early retirement”) and severance pay, such charge shall be approved by the management committee pursuant to the provisions of the Joint Operations Agreement. For the discussion in the management committee, the Operator shall show the probable cost effect of the measures for the Joint Operation. To the extent the Operator makes probable that the cost will entail savings for the Parties, the Parties shall be obligated to approve the charge to the Joint Account. For those cases where the Operator makes probable that the activity shall cease or be substantially reduced, and the Operator proposes a necessary restructuring as the consequence of this, the Parties shall be obligated to approve the charge to the Joint Account in the management committee. Restructuring cost shall be charged to the Joint Account as a discounted non-recurring amount. Charging may take place when a binding agreement (s) has/have been entered into or when the employment of the relevant employee(s) with the Operator ceases. The cost shall be charged to the Joint Operation concerned. If the restructuring concerns several of the Operator’s Joint Operations, the cost shall be apportioned pro rata between the relevant Joint Operations’ Joint Accounts based on their relative share of the last three years hourly charges.
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Restructuring cost. Before the Operator may make any charge to the Joint Account for restructuring cost, including cost for retirement before the Pensionable Age (“early retirement”) and severance pay, such charge shall be approved by the management committee pursuant to Article 3 of the special provisions of the Joint Operating Agreement. For the discussion in the management committee, the Operator shall show the probable cost effect of the measures for the Joint Operation. To the extent the Operator substantiates that the cost will entail savings for the Parties, the Parties shall be obligated to approve the charge to the Joint Account. For those cases where the Operator substantiates that the activity shall cease or be substantially reduced, and the Operator proposes a necessary restructuring as a consequence of this, the Parties shall be obligated to approve the charge to the Joint Account in the management committee. Restructuring costs shall be charged to the Joint Account as a discounted non-recurring amount. Charging may take place when binding agreement(s) have been entered into or when the employment of the relevant employee(s) with the Operator ceases. The costs shall be charged to the Joint Operation concerned. If the restructuring concerns several of the Operator’s Joint Operations, the cost shall be apportioned pro rata between the relevant Joint Operations’ Joint Accounts based on their relative share of the last three years' hourly charges.
Sample 1

Related to Restructuring cost

  • 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.

  • Closing Costs The costs attributed to the Closing of the Property shall be the responsibility of ☐ Buyer ☐ Seller ☐ Both Parties. The fees and costs related to the Closing shall include but not be limited to a title search (including the abstract and any owner’s title policy), preparation of the deed, transfer taxes, recording fees, and any other costs by the title company that is in standard procedure with conducting the sale of a property.

  • CLOSING COSTS AND ADJUSTMENTS All adjustments are made as of settlement date.

  • Closing Costs and Prorations Taxes and assessments for the current year, if any, shall be prorated between the prior owner of the Personal Property and Buyer as of the date of closing. Seller shall pay one-half (½) of Closing Agent’s closing and escrow fees. Buyer shall pay one-half (½) of Closing Agent’s closing and escrow fees. In addition, Buyer shall pay all other closing costs, including but not limited to: (1) recording fees for the cost of recording the State Deed; (2) the cost for any title insurance purchased at Buyer’s option; (3) lender fees, if any, together with all associated recording fees, if any; and (4) any other cost, fee, or expense which may be reasonably required in order for the transaction to close.

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Operating Expenses Unless modified in accordance with Exhibit D, Landlord maintenance addendum, attached hereto, it is the intention of the parties and they hereby agree that this shall be a triple net Lease, and the Landlord shall have no obligation to provide any services, perform any acts or pay any expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises, and Tenant hereby agrees to pay one hundred percent (100%) of any and all Operating Expenses as hereafter defined for the entire term of the Lease and any extensions thereof in accordance with specific provisions hereinafter set forth. The term Operating expenses shall include all costs to Landlord of operating and maintaining the Building and related parking areas, and shall include, without limitation, real estate and personal property taxes and assessments, management fee, heating, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Building and related parking areas, unless expressly excluded from operating expenses. Notwithstanding the foregoing, operating costs (and Tenant's obligations in relation thereto) shall not include (i) any expense chargeable to a capital account or capital improvement, ground leases; principal or interest payments on any mortgage or deed of trust on the premises; (ii) any amount for which Landlord is reimbursed through insurance, by third persons, or directly by other tenants of the premises, (iii) repair costs occasioned by fire, windstorm or other casualty, (iv) any construction, repair or maintenance expenses or obligations that are the sole responsibility of Landlord (not to be reimbursed by Tenant), (v) leasing commissions and other expenses incurred in connection with leasing any other area located on the premises to any other party, (vi) any expense representing an amount paid to an affiliate or subsidiary of Landlord which is in excess of the amount which would be paid in the absence of such relationship, and (vii) costs of items and services for which Tenant reimburses Landlord or pays third persons directly.

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  • 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;

  • Construction Cost Adjustment Contracting Officer, as provided in B5.21, B5.212, B5.251, B5.252, and B5.253, shall adjust Specified Road construction cost estimates in the Schedule of Items and show the adjustments as credits or debits to Timber Sale Account in the month when the road segment is accepted.

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