Annual Running Costs definition
Annual Running Costs means the running costs of the relevant Company and include the
Annual Running Costs means the annual running costs and expenses incurred by the Company in its business including irrecoverable VAT but excluding (a) exceptional and extraordinary costs; (b) any management fees or performance fees in relation to any class of Shares; (c) any costs relating solely to the making, holding or realisation of investments in the Ordinary Share Pool or the “B” Share Pool.
Annual Running Costs means the annual running costs for the provision of WITS incurred by the Host Authority as set out in Appendix 3.
Examples of Annual Running Costs in a sentence
The Annual Running Costs may include all and any costs and expenses incurred by the Host Authority in providing WITS .
For the avoidance of doubt where the Host Authority is of the reasonable opinion that a change is required to the Annual Running Costs, such change whether an increase or decrease shall be presented to the Advisory Board for approval, in accordance with the provisions clause 12.4 The Host Authority will pay the interpreters and translators via the Agency Provider and in accordance with the Contract.
These Annual Running Costs and the Schedule of Charges shall be reviewed annually and presented to the Advisory Board for approval.
More Definitions of Annual Running Costs
Annual Running Costs. Running costs include administration, data storage, maintenance, operation, change and update of hardware and other related aspects. It will also cover license fees and upgrades to key software components when technology is outdated. Current estimated total annual running costs are $28.000 USD.