Closure Cost definition

Closure Cost is incurred if the investment return assumption for the Pension Plan is decreased for the following reason: the Pension Board's investment consultant recommends less risky investment allocations due to Pension Plan closure and not due to any other reason. Less risky investment allocations due to general fluctuations in the investment marketplace would not be considered to be due to Pension Plan closure because such fluctuations would have occurred regardless of whether or not the Pension Plan had been closed to new participants. If the Pension Board's investment consultant recommends less risky investment allocations due to both Pension Plan closure and other reason(s), the Pension Board's investment consultant will separately specify, to the best of its judgement, the component of the total recommendation that is solely due to Pension Plan closure and the component that is not due solely to closure.
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Closure Cost means any cost mainly required for termination of employment in relation to certain facility that will be closed or resulting from closure thereof in accordance with this Agreement. For the avoidance of doubt, the Closure Cost shall not include any loss of production, loss of profit, loss of revenue, loss of contract, loss of goodwill, loss of claim or any consequential losses.
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Closure Cost means the total cost incurred by Freeport as the result of the abandonment (by sale or otherwise) or permanent closure of a facility utilized in the performance of this Agreement in order to comply with all applicable environmental laws and regulations (including, for example, and without limitation, dismantlement and/or removal of structures and equipment, site restoration, reclamation, clean up and/or protection) and in order to discharge all obligations to, and claims of, third parties (including for example and without limitation, that portion of the direct costs of employee terminations attributable to the period that this Agreement was in effect prior to such terminations), and any other reasonable cost incurred by Freeport for purposes of effecting such closure or abandonment. In the event Freeport sells any Facility to a third party, Closure Cost shall also include all obligations to, and claims of, such purchaser, including for example, and without limitation, environmental-related claims of, such purchaser; provided, however, in the event of the sale of an Initial Facility, Freeport shall first apply the full proceeds received from the sale to satisfy such obligation to or claim of a purchaser and only the excess above such proceeds shall be included in Closure Cost. Closure Cost is intended to include only those costs which a reasonable businessman in similar circumstances would incur using his own funds and not taking into account any reimbursement or indemnification such as those which may be owed by Felmont to Freeport under this Agreement or by third parties to Freeport under other agreements providing for similar reimbursement or indemnification.
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Examples of Closure Cost in a sentence

  • The table below shows the Closure Cost percentage for each year (Step #III).

  • A "Closure Cost" is incurred if the investment return assumption for the Pension Plan is decreased for the following reason: the Pension Board's investment consultant recommends less risky investment allocations due to Pension Plan closure and not due to any other reason.

  • The table below shows the LIO Amortization Closure Cost Rate for each year of the 20"year LIO Amortization Period (Step #Ill).

  • SCHEDULE A Facility Name: [insert name of Facility] Facility Address: [insert address of Facility] DEQ Solid Waste Permit Number/s: [insert solid waste permit number/s for the Facility or Facilities] Current Closure Cost Estimate/s: [insert] Current Post-Closure Care Cost Estimate/s: [insert] Current Corrective Action Cost Estimate/s: [insert] SCHEDULE B Type of Financial Instrument: Choose an item.

  • The LIO Normal Closure Cost Rate remains the same fixed percentage in future years.

  • For each year, the result ofsubtracting (a) from (b) is the "Change in Cost.11 Step #III: Each year, the portion of the Authority's Preliminary Contribution Rate that is due to the type of Closure Cost described in paragraph 3 of Exhibit 11BII is a percentage determined by dividing (x) the Change in Cost, by (y) CP for that year.

  • Unlike the LIO Amortization Closure Cost Rate, which applies only during the LIO Amortization Period, the LIO Normal Closure Cost Rate will apply in all foture years.

  • Suppose the Pension Board's actuary calculates the LIO Normal Closure Cost Rate to be 1.25% (Step#IV).

  • An LIO Amortization Closure Cost Rate applies only during the LIO Amortization Period.

  • Step #III: For each year of the LIO Amortization Period, the Pension Board's actuary computes a percentage based on dividing the LIO Amortization Payment by that year's CP ("LIO Amortization Closure Cost Rate").


More Definitions of Closure Cost

Closure Cost means any cost mainly required for termination of employment in relation to certain facility that will be closed or resulting from closure thereof in accordance with this Agreement. For the avoidance of doubt, the Closure Cost shall not include any loss of production, loss of profit, loss of revenue, loss of contract, loss of goodwill, loss of claim or any consequential losses. “Companies Act” means the Companies Act of Japan (kaisha-ho) (Act No. 86 of 2005). EXECUTION VERSION
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Closure Cost means costs incurred in connection with the closure or delicensing of a hospital.
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Closure Cost means the total cost of abandonment and reclamation of the Property and the Joint Assets, including costs required by government or other legal authority.
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Related to Closure Cost

  • Current closure cost estimate means the most recent of the estimates pre- pared in accordance with § 265.142 (a), (b), and (c).

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Post-closure plan means a plan indicating the actions to be taken for the care, maintenance, and monitoring of the Development after closure, that will prevent, mitigate, or minimize the threat to public health and the environment;

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Pre-Closing Environmental Liabilities means (i) any violation of Environmental Law arising in connection with the ownership or operation of the Properties prior to the Effective Time, (ii) any Release of Hazardous Substances onto or from the Properties prior to the Effective Time or relating to or arising from any activities conducted on such properties or from operation of such assets prior to the Effective Time and (iii) any claim, action, cause of action, inquiry, investigation, remediation, removal or restoration with respect to the matters set forth in subsection (i) or (ii) above

  • Books Closure Date means the date and time to be determined by the Manager on which the register of Unitholders will be closed for the purpose of determining the entitlements of Unitholders to a Distribution;

  • 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.

  • Target Cost as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • Closure plan means the plan for closure prepared in accordance with the requirements of § 265.112.

  • Commissioning Date means that date when construction of the contemplated Project is complete, and the Maintenance Term commences;

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • 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.

  • Commissioning Period means, with respect to each Subproject, the period commencing upon the first delivery of Feed Gas to the Subproject in accordance with Sections 4.8 and 11.1 of the Agreement continuing through achievement of RFSU, commissioning, Start Up, Performance Testing and achievement of Substantial Completion for such Subproject.

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Pre-commissioning means the testing, checking, and any other required activity that may be specified in the Technical Requirements that are to be carried out by the Supplier in preparation for Commissioning of the System as provided in GCC Clause 26 (Installation).

  • Total Project Cost means the lowest of the following:

  • Baseline area means any intra- state area (and every part thereof) des- ignated as attainment or unclassifiable under section 107(d)(1)(A)(ii) or (iii) of the Act in which the major source or major modification establishing the minor source baseline date would con- struct or would have an air quality im- pact for the pollutant for which the baseline date is established, as follows: equal to or greater than 1 μg/m3 (an- nual average) for SO2, NO2, or PM10; or equal or greater than 0.3 μg/m3 (annual average) for PM2.5.(ii) Area redesignations under section 107(d)(1)(A)(ii) or (iii) of the Act cannot intersect or be smaller than the area of impact of any major stationary source or major modification which:

  • Urban growth areas means those areas designated

  • Target Net Working Capital Amount means $0.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • 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;