Change in Costs in respect of any Relevant Event, the effect of that Relevant Event (whether of a one-off or recurring nature, and whether positive or negative) upon the actual or anticipated costs, losses or liabilities of the Contractor and/or any sub-contractor (without double counting), including, as relevant, the following: (a) the reasonable costs of complying with the requirements of clause 45 (Changes in Law), 46 (Financial Adjustments), and/or 47.4 (Step-In without Contractor Breach), including the reasonable costs of preparation of design and estimates; (b) the costs of continued employment of, or making redundant, staff who are no longer required; (c) the costs of employing additional staff; (d) reasonable professional fees; (e) operating costs, or life cycle, maintenance or replacement costs; (f) Capital Expenditure; (g) any deductible or increase in the level of deductible, or any increase in premium under or in respect of any insurance policy; and (h) Direct Losses, including reasonable legal expenses on an indemnity basis;

Examples of Change in Costs in a sentence

An increase in taxes of general application which does not discriminate against the Seller or against the Seller and other parties undertaking projects similar to the Power Project under the REFIT Programme shall not be deemed a Change in Costs.
The Change in Costs as contemplated in Clause 16.1.2 must have the effect of (a) impacting one or more of the inputs in the Base Case Financial Model and / or (b) results in one or more changes to the Grid Code.
A Change in Costs shall not include any Law that was enacted or made but not yet in force as at the Signature Date, or any xxxx that was promulgated for comment at any time before the Signature Date if and to the extent that such xxxx is materially unchanged when enacted and brought in effect.
As a condition to receiving payment of any Change in Costs for performing Emergency Repair Work as a result of the occurrence of any Compensation Event as described in paragraphs c., (with respect to relevant Public Safety Orders), d., e.
A Change in Costs shall not include any Law that was enacted or made but not yet in force as at the Signature Date, or any bill that was promulgated for comment at any time before the Signature Date if and to the extent that such bill is materially unchanged when enacted and brought in effect.

More Definitions of Change in Costs

Change in Costs has the meaning set forth in Clause 16.1.2;

Change in Costs means in respect of any Relevant Event, the effect of that Relevant Event (whether of a one-off or recurring nature, and whether positive or negative) on the actual or anticipated costs, losses, revenues or liabilities of the Concessionaire and/or any Sub-Contractors (without double counting), including, as relevant, the following: The costs of continued employment of, or making redundant, staff who are no longer required; The costs of employing additional staff; Reasonable professional fees;The financing costs to the Concessionaire with respect to any Relevant Event including carry costs, to commitment fees and capital costs, interest and hedging costs, lost interest on any of the Concessionaire’s own capital employed and any finance required pending receipt of a lump sum payment or payment to cover loss of Toll Revenues; The effects on implementation of any insurance reinstatement in accordance with the Concession Agreement, including any adverse effect on the insurance proceeds payable to the Concessionaire and any extension of the period required for implementation;Operating costs, life cycle, maintenance or replacement costs; Capital Expenditure;The costs required to ensure continued compliance with the Funding Agreements; Any deductible or increase in the level of deductible, or any increase in premium under or in respect of any insurance policy; Losses, including reasonable legal expenses; and Change in Revenue;provided that,

Change in Costs means, in respect of any Province Change or Supervening Event, the net amount (calculated in accordance with Sections 2.3 [Preparation of Change Report] and 2.4 [Valuation of Change in Costs] of Schedule 11), which may be positive or negative, of:

Change in Costs means any net increase or decrease in the DBFO Co's costs of performing the Operations in respect of a Contract Year as a consequence of an Eligible Change the subject of a notice given (or deemed given) pursuant to paragraph 2.1 of Part 1 of Schedule 12 [General Change Procedure]. For the avoidance of doubt, this includes any Change in Capital Costs but does not include any Change in Usage Payments or any Change in Availability Payments. The Change in Costs (other than any Change in Capital Costs) shall be calculated on the assumption that all costs in respect of a Contract Year are incurred on the day which is the mid point of such Contract Year. For the avoidance of doubt, any increase in costs shall be a positive figure and any decrease in costs shall be a negative figure.

Change in Costs means any net increase or decrease in the DBFO Co's costs of performing the Operations in respect of a Contract Year as a consequence of an Eligible Change or Eligible Changes the subject of a notice under paragraph 2.1 of Part 1 of Schedule 12. For the avoidance of doubt, this includes Lane Closure Charges but does not include any loss of revenue. The Change in Costs shall be calculated on the assumption that all costs in respect of a Contract Year are incurred on the day which is the mid point of such Contract Year. For the avoidance of doubt, any increase in costs shall be a positive figure and any decrease in costs shall be a negative figure.

Change in Costs means in respect of any Relevant Event, the effect of that Relevant Event (whether of a one-off or recurring nature, and whether positive or negative) upon the actual or anticipated costs, losses or liabilities of Sub-hubco and/or the Contractor and/or any Service Provider (without double counting), including, as relevant, the following: the reasonable costs of complying with the requirements of Clauses 24.9, 29 (Delay Events), 32 (Changes in Law) and/or Sections 2 (Low Value Changes) to 4 (High Value Changes) of this Schedule Part 16 (Change Protocol), including the reasonable costs of preparation of design and estimates; the costs of continued employment of, or making redundant, staff who are no longer required; the costs of employing additional staff; reasonable professional fees; the costs to Sub-hubco of financing any Relevant Event (and the consequences thereof) including commitment fees and capital costs interest and hedging costs, lost interest on any of Sub-hubco's own capital employed and any finance required pending receipt of a lump sum payment or adjustments to the Annual Service Payment; the effects of costs on implementation of any insurance reinstatement in accordance with this Agreement, including any adverse effect on the insurance proceeds payable to Sub-hubco (whether arising from physical damage insurance or business interruption insurance (or their equivalent)) in respect of that insurance reinstatement and any extension of the period of implementation of the insurance reinstatement; operating costs, or lifecycle maintenance or replacement costs; Capital Expenditure (or, in the case of a Relevant Event which is a Relevant Change in Law, Capital Expenditure for which the Authority is responsible); the costs required to ensure continued compliance with the Funding Agreements; any deductible or increase in the level of deductible, or any increase in premium under or in respect of any insurance policy; and Direct Losses or Indirect Losses, including reasonable legal expenses on an indemnity basis;

Change in Costs has the meaning given to it in the Project Agreement "CIWM" means the Chartered Institute of Waste Management "Commencement Date" means the date hereof

Change in Costs definition

Filter & Search

Related Definitions