Contract Costs definition
Examples of Contract Costs in a sentence
SCPPA shall apply, as a credit against Contract Costs, a proportionate share of any receipts, revenues and other moneys received by SCPPA in carrying forth the Project and any other moneys received by it from the sale, if any, of any rights, equipment, materials or supplies, all if and to the extent held in or paid into the budgeted accounts employed to carry forth the Pebble Springs Wind Project.
SCPPA may include in the Annual Budget reasonable amounts in excess of the estimated Contract Costs to be collected as an operating reserve to ensure that SCPPA may timely pay all Contract Costs.
If, on the basis of the statement submitted pursuant to this Section 6.9, the Participant’s Contract Share of actual Contract Costs (and amounts, if any, with respect to an operating reserve) for such Fiscal Year is less than the amounts of the applicable Billing Statements billed to Participant hereunder, then SCPPA shall credit Participant the difference on Participant’s next Billing Statement.
By the fifth (5th) calendar day of each Month during the Term, SCPPA shall prepare and deliver a Billing Statement to Participant for its Contract Share of projected Contract Costs, based on the Annual Budget.
SCPPA will keep, or cause to be kept, accurate records and accounts associated with this Agreement, including but not limited to Energy, Test Energy, Contract Costs, ▇▇▇▇▇▇▇▇ and collections under this Agreement.