Annual Project Costs definition

Annual Project Costs means the Project Costs applicable to a
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Annual Project Costs means the Project Costs applicable to a Gas Supply Year.
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Annual Project Costs for each Project Segment means costs and expenses of every type, except as provided in subsection (3) of this Section 10(d), resulting from the ownership, operation and maintenance of that Segment, that are incurred or paid by the Participants, acting through the IPG, during each Project Year in connection with that segment, including but not limited to the following: (A) Operation and maintenance costs relating to the Project ("O&M"); (B) Other costs, reimbursements or compensation as may be allowed under any O&M Agreement; (C) Insurance, as determined by the IPG in accordance with Section 6 of this Agreement; (D) Amounts required to be set aside by the Participants for the payment of debt service, or for any reserve or contingency fluid, by any Bond Resolution; (E) Professional services, including accountants and auditors, insurance consultants, attorneys, engineers, arbitration or alternative dispute resolution professionals; (F) Costs of the IPG, but only to the extent approved by the IPG prior to being incurred; and (G) Other necessary and appropriate costs, but only to the extent approved by the IPG.
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Examples of Annual Project Costs in a sentence

  • Awarded grant funding must be subtracted from the Total Annual Project Costs.

  • Each Purchaser and HEA shall be responsible for Annual Project Costs associated with the SSQ Line in accordance with that Purchaser’s Percentage Share (stated in megawatts) in the Project.

  • The Total Annual Project Costs must be determined as part of preparing a project plan to meet the federal or state regulations or DNR Administrative order regarding wastewater treatment.

  • Total Annual Project Costs = [(Estimated costs to design and build proposed project ‐ Awarded grant funding) amortized over 30 years] + Future annual O&M Derive the total annual project costs, complete all of the following information, and attach supporting documentation to this form.

  • Pursuant to Sections 11 and 13 of the Power Sales Agreement, the Committee hereby expressly approves and determines that the payment obligations to be imposed on the Authority arising out of the sale, purchase, issuance and delivery of the 2020 Bonds under and pursuant to the terms of the Loan Agreement, are and shall, pursuant to Section 8(a) of the Power Sales Agreement, be specifically included in Annual Project Costs under the Power Sales Agreement.

  • For the avoidance of doubt, the Operator acknowledges its responsibility, as a Participant, to pay its Percentage share of Annual Project Costs, including its Percentage Share of all amounts included in the Annual Soldotna XXXX Facilities Budget.

  • Table B-2 Authorized ImprovementsProjected Annual Project Costs, Annual Indebtedness, and Projected Annual Installments2016 – 2024 stallments do not include available capitalized interest funds and interest earnings on any account balances, or any other funds available to the District, if any.

  • The agreement states that after the conclusion of each fiscal year, the actual Annual Project Costs for that fiscal year should equal the total of all payments received from each Purchaser, and any additional or excess payments will be billed or refunded to the purchasers.

  • In the event the Annual Project Costs to the Participants for the Project may be reduced by the refunding of any of the Bonds then outstanding or in the event it shall otherwise be advantageous, in the opinion of the Authority, to refund any Bonds, the Authority may issue and sell Additional Bonds to refund outstanding Bonds to be secured by assignment of the payments to be made by the Participants under their respective intergovernmental agreements relating to such Bonds.

  • Total Annual Project Costs will include all current and proposed facility operation and maintenance (O&M) costs and any existing and proposed debt of the system as expressed in current and proposed sewer rates.


More Definitions of Annual Project Costs

Annual Project Costs shall exclude: (A) Design and Construction costs financed under Section 8 of this Agreement (but not the costs of debt service and related expenses associated with such financing); (B) Renewals and replacements funded by insurance proceeds or by Assessment or any specially-dedicated funds or accounts.
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Annual Project Costs means, with respect to a Fiscal Year, to the extent not paid as a part of the Costs of Acquisition and Construction, all costs and expenses paid by the Authority for the Project including, but not limited to, those items of cost and expense referred to in Section 205 hereof as Annual Fixed Charges for Debt Service, Other Annual Project Variable Costs and Other Annual Project Fixed Costs.
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Annual Project Costs means all costs incurred by City in one year relating to this Agreement.
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Related to Annual Project Costs

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Total Project Costs means (a) the costs paid or incurred or to be paid or incurred by a Borrower Related Party in connection with or incidental to the acquisition, design, construction and equipping of the Project, including legal, administrative, engineering, planning, design, insurance, and costs of issuance; (b) amounts, if any, required by the Indenture Documents or the TIFIA Loan Documents to be paid into any fund or account upon the incurrence of the TIFIA Loan or any Secured Obligations; (c) payments when due (whether at the maturity of principal, the due date of interest, or upon optional or mandatory prepayment) during the Construction Period in respect of any indebtedness of the Borrower or any Credit Enhancement maintained by a Borrower Related Party, in each case in connection with the Project (other than the TIFIA Loan); and (d) costs of equipment and supplies and initial working capital and reserves required by the Borrower Related Parties for the commencement of operation of the Project, including general administrative expenses and overhead of the Borrower.

  • Qualified Project Costs means costs paid with respect to the Project that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be a so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general federal income tax principles and in accordance with Section 1.103-8(a)(1) of the Regulations, provided, however, that only such portion of the interest accrued during rehabilitation or construction of the Project (in the case of rehabilitation, with respect to vacated units only) shall be eligible to be a Qualified Project Cost as bears the same ratio to all such interest as the Qualified Project Costs bear to all costs of the acquisition and construction or rehabilitation of the Project; and provided further that interest accruing after the Completion Date (as defined in the Regulatory Agreement) shall not be a Qualified Project Cost; and provided still further that if any portion of the Project is being constructed or rehabilitated by an Affiliate (whether as general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out of pocket costs incurred by such affiliate in constructing or rehabilitating the Project (or any portion thereof) and (B) any overhead expenses incurred by such affiliate which are directly attributable to the work performed on the Project, and shall not include, for example, intercompany profits resulting from members of an “affiliated group” (within the meaning of Section 1504 of the Code) participating in the rehabilitation or construction of the Project or payments received by such affiliate due to early completion of the Project (or any portion thereof); (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to May 20, 2021, being the date on which the Governmental Lender first declared its “official intent” to reimburse costs paid with respect to the Project (within the meaning of Section 1.150-2 of the Regulations) or the date of issue of the Funding Loan, and (iv) if the costs of the acquisition and construction or rehabilitation of the Project were previously paid and are to be reimbursed with proceeds of the Funding Loan such costs were (A) “preliminary expenditures” (within the meaning of Section 1.150-2(f)(2) of the Regulations) with respect to the Project (such as architectural, engineering and soil testing services) incurred before commencement of acquisition and construction or rehabilitation of the Project that do not exceed 20% of the issue price of the Funding Loan (as defined in Section 1.148-1 of the Regulations), or (B) were capital expenditures with respect to the Project that are reimbursed no later than 18 months after the later of the date the expenditure was paid or the date the Project is placed in service (but no later than three years after the expenditures is paid); provided, however, that (w) Costs of Funding shall not be deemed to be Qualified Project Costs;(x) fees, charges or profits (including, without limitation, any Developer Fee) payable to the Borrower or a “related person” (within the meaning of Section 144(a)(3) of the Code) shall not be deemed to be Qualified Project Costs; (y) letter of credit fees and municipal bond insurance premiums which represent a transfer of credit risk shall be allocated between Qualified Project Costs and other costs and expenses to be paid from the proceeds of the Funding Loan; and (z) letter of credit fees and municipal bond insurance premiums which do not represent a transfer of credit risk (including, without limitation, letter of credit fees payable to a “related person” to the Borrower) shall not constitute Qualified Project Costs.

  • Direct Costs means the sum of the following:

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Total Project Cost means all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Annual Projections is defined in Section 6.2(a).

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Project area budget means a multiyear projection of annual or cumulative

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Development Budget has the meaning set forth in Section 3.1.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.