Actual Expenditure definition

Actual Expenditure means the actual monetary amount expended on the project and cannot include in-kind contributions.

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Actual Expenditure means such sum as a Purchaser spends with STV in respect of Airtime during the Term after deduction of VAT and any other sales tax or duty payable in respect of the purchase of Airtime;

Actual Expenditure in relation to a Financial Year, means the Eligible Expenditure which the Participant and Members have spent on the Actual Activity in that Financial Year.

Examples of Actual Expenditure in a sentence

The reimbursement amounts are calculated based on the following formula: Actual Expenditure minus (-) Total Revenue (Matching and Non-Matching Contributions and Project Income) equals (=) Total Reimbursement amount.
However, in Budget Periods 2 through 5, the portion of at-risk expenditure authority follows the table below: DSRIP Expenditure Authority $637.5M $412.5M $362.5M $275M $112.5M % of Expenditure Authority At- Risk 0% 5% 10% 15% 20% Actual Expenditure Authority At- Risk $0M $20.625M $36.25M $41.25M $22.5M State DSRIP Accountability Score: The State will calculate the State’s DSRIP Accountability Score.
The reimbursement amounts are calculated based on the follow formula: Actual Expenditure minus (-) Matching and Non-Matching Contribution equals (=) Total Reimbursement amount.
If in any Contract Year the Research Funding is less than said Minimum Research Funding Amount, XXII has the right to pay the balance to KeyGene within thirty (30) days after receipt by XXII of the Actual Expenditure report from KeyGene for such Contract Year and, if such balance payment is made prior to the expiration of such thirty (30) day period, then the Exclusivity Period shall continue.
If the Actual Expenditure is greater than the corresponding Estimate, Brammer will issue a further invoice for a sum equivalent to the difference between the amount set forth in the Estimate and actually paid by Customer and the Actual Expenditure, subject always to any cap on Actual Expenditure which is included in the relevant Work Statement.

More Definitions of Actual Expenditure

Actual Expenditure has the meaning assigned to it in Article 3.9.

Actual Expenditure means the aggregate amount of costs you actually incur on Eligible Activities during the Grant Period.

Actual Expenditure has the meaning set forth in Section 8.4.

Actual Expenditure means the number of whole dollars in the amount of the

Actual Expenditure. All the expenditure (excluding VAT) in relation to the Facilities including the Management Fee but excluding any capital expenditure;

Actual Expenditure means expenditure incurred by the Lessee during a particular Phase of the Basic Exploration Stage, being:

Actual Expenditure means expenditure incurred by the Lessee during a particular Phase of the Basic Exploration Stage, being: expenditure solely and directly attributable to the activities of the Minimum Work Programme for that particular Phase, as described in Article 3.2 and General and Administrative Costs as defined in 2.5(a) and/or 2.5(b) of Annex C allocated to such activities; and under the condition that the Minimum Work Programme of that Phase has been performed, all expenditure incurred (either before or after such performance) for Exploration Operations in the approved Annual Work Programmes and Budgets for that Phase and the General and Administrative Costs as defined in 2.5(a) and/or 2.5(b) of Annex C allocated to such Exploration Operations. The Lessee shall maintain accurate records and accounts of all Actual Expenditure and, with regard to the General and Administrative Costs (as defined in Section 2.5(a) and/or 2.5(b) of Annex C) shall maintain all documents, including invoices, records and time sheets. In order to verify that Actual Expenditure is comprised only of amounts that are required to perform the respective Exploration Operations of a particular Phase, the Lessor shall be entitled, subject to Article , to conduct an audit in accordance with Section 1.6 of Annex C. In respect of that area relinquished or surrendered under Article 6, the Lessee shall, in accordance with practices customary in the international petroleum industry, within six (6) Months from the date of termination of any Phase of the Exploration Stage, remove the installations used, plug and abandon all ▇▇▇▇▇ and restore the environment to its original condition. TECHNICAL ADVISORY COMMITTEE