Books and Records Costs definition

Books and Records Costs means reasonable and necessary fees and expenses incurred by the Company in response to a Books and Records Demand, but shall not include salaries, wages, overhead or benefit expenses associated with directors, officers or employees of the Company.
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Books and Records Costs means reasonable and necessary fees and expenses incurred by the Company in response to a Book and Records Demand, but shall not include salaries, wages, overhead or benefit expenses associated with directors, officers or employees of the Company.
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Books and Records Costs means reasonable and necessary fees and expenses incurred by the Insured Organization in response to a Book and Records Demand, but shall not include salaries, regular or overtime wages, fees or benefit expenses associated with Insured Persons or the Insured Organization’s overhead expenses.
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Examples of Books and Records Costs in a sentence

  • Underwriters shall not be liable for any settlement, Defense Costs, Inquiry Costs or Books and Records Costs, assumed obligation, admission or stipulated judgment to which they have not consented or for which the Insureds are not legally obligated as a result of a Claim for a Wrongful Act or an Investigation, Inquiry, Books and Records Demand or Internal Appeal.

  • If the Company elect to seek coverage for Books and Records Costs in connection with a Books and Records Demand, the Company shall give to Coverage Provider notice in writing of such Books and Records Demand, but in no event later than sixty (60) days after the end of the Coverage Guidelines Period, the Predetermined Run-Off Period or the Optional Extension Period (if purchased).

  • No settlement shall be made and no Costs, Charges and Expenses, Facilitation Costs, Inquiry Costs, Security Holder Demand Investigatory Costs or Books and Records Costs shall be incurred without Coverage Provider’s consent, such consent not to be unreasonably withheld.

  • Books and Records Costs resulting from any Books and Records Demand first made against the Insured Organization during the Policy Period or Optional Extension Period, if applicable, and reported in writing to the Underwriters in accordance with Clause VIII.B. of the General Terms and Conditions.

  • Underwriters shall not be liable for any settlement, Defense Costs, Inquiry Costs or Books and Records Costs, assumed obligation, admission or stipulated judgment, in excess of <threshold>, to which they have not consented or for which the Insureds are not legally obligated as a result of a Claim for a Wrongful Act or an Investigation, Inquiry, Books and Records Demand or Internal Appeal.


More Definitions of Books and Records Costs

Books and Records Costs means any reasonable fees and expenses incurred by the Entity in response to a Books and Records Request, other than wages, salaries, fees, benefits or overhead expenses associated with any Insured.
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Books and Records Costs means reasonable fees, costs and expenses incurred by an Entity in response to a Books and Records Request from the date that such Books and Records Request is received by the Insured; provided, however, that the Insurer will only pay such Books and Records Costs once a Derivative Demand based upon, arising from or in any way related to such Books and Records Request is first made against such Insured. Books and Records Costs will not include compensation (including overtime compensation), wages, remuneration, overhead, operating expenses, benefits or benefit expenses associated with any Insureds.
Sample 1
Books and Records Costs means the reasonable costs, charges, fees and expenses incurred by the Company with the prior written consent of the Insurer in response to a written demand by or on behalf of any holder of Securities to inspect the books and records of such Company pursuant to Section 220 of the Delaware General Corporation Law.
Sample 1

Related to Books and Records Costs

  • Books and Records means all books, records, board minutes, contracts, licenses, insurance policies, environmental audits, business plans, files, computer files, computer discs and other data and software storage and media devices, accounting books and records, financial statements (actual and pro forma), filings with Governmental Authorities and any and all records and instruments relating to the Collateral or otherwise necessary or helpful in the collection thereof or the realization thereupon.

  • Excluded Books and Records has the meaning set forth in Section 2.2(a).

  • Transferred Books and Records means, in respect of a Seller, all books, ledgers, files, reports, plans, records, manuals and other materials (in any form or medium) to the extent of, or maintained predominantly for, that Seller’s Contributed Business by that Seller’s Group (excluding its Target Group Companies) (other than emails), but excluding:

  • Records means any written or recorded information, regardless of physical form or characteristics, which is produced or acquired by the Party in the performance of this agreement. Records produced or acquired in a machine readable electronic format shall be maintained in that format. The records described shall be made available at reasonable times during the period of the Agreement and for three years thereafter or for any period required by law for inspection by any authorized representatives of the State or Federal Government. If any litigation, claim, or audit is started before the expiration of the three-year period, the records shall be retained until all litigation, claims or audit findings involving the records have been resolved.

  • Files and Records means all files and records of Seller relating to the Business, whether in hard copy or magnetic or other format including customer and supplier lists and records; equipment maintenance records; equipment warranty information; plant plans, specifications and drawings; sales and advertising material; computer software; technical and research analyses; engineering, sales, marketing and other studies, data and plans; bid information; quality assurance records; and records relating to those employees of Seller who may become employed by Purchaser following the Closing.

  • Accounting Records means the general ledger and subsidiary ledgers and supporting schedules which support the general ledger balances.

  • O&M Costs as defined in the Depositary Agreement.

  • Program Costs means all necessary and incidental costs of providing program services.

  • Audited Party means the Party being audited by the Auditing Party.

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk's office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replacements and office automation and information technology equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • Reasonable Additional Expenses means expenses for meals, taxi fares, essential telephone calls, local transportation, and lodging which are necessarily incurred as the result of Trip Delay and which are not provided by the Common Carrier or any other party free of charge.

  • Inspection means activities such as measuring, examining, testing, gauging one or more characteristics of the product or service and comparing the same with the specified requirement to determine conformity.

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • 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:

  • Operating Costs means the reasonable incremental expenses incurred by the Recipient on account of Project implementation, including costs related to audits, office equipment and supplies, vehicle operation and maintenance, shipping costs, office rentals, communication and insurance costs, office administration costs, bank charges, utilities, transport costs, travel, per diem and supervision costs, and salaries of contracted employees, but excluding salaries of officials of the Recipient’s civil service.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Related Expenses means any and all costs, liabilities, and expenses (including, without limitation, losses, damages, penalties, claims, actions, reasonable attorney's fees, legal expenses, judgments, suits and disbursements) reasonably incurred by, or imposed upon, or asserted against, Lender in any attempt by Lender:

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.

  • Business Records means all files, documents, instruments, papers, books, reports, records, tapes, microfilms, photographs, letters, ledgers, journals, financial statements, technical documentation (design specifications, functional requirements, operating instructions, logic manuals, flow charts, etc.), user documentation (installation guides, user manuals, training materials, release notes, working papers, etc.), Tax Returns, other Tax work papers and files and other documents in whatever form, physical, electronic or otherwise.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Books means books and records (including each Grantor’s Records indicating, summarizing, or evidencing such Grantor’s assets (including the Collateral) or liabilities, each Grantor’s Records relating to such Grantor’s business operations or financial condition, and each Grantor’s goods or General Intangibles related to such information).

  • 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.

  • Direct Costs means the sum of the following: