Cost Baseline definition

Cost Baseline shall have the meaning set forth in ‎‎Section 7.03(d)(i).

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Cost Baseline means, as of a particular date, the average Product Cost over the twenty-four (24)-month period immediately preceding such date using GE Aviation’s standard cost allocation applicable to the LM Products, Spare Parts and Services as of the Trigger Date; provided, that if GE Aviation implements a change to its accounting for product cost (e.g., move from average actual to standard costing), GE Aviation will update future Cost Baselines using its new methodology but will not substantially or materially change any of its cost elements as agreed to in this Agreement and such cost elements shall continue to be consistent with the historical cost elements used between GE Aviation and BHGE, as set forth in Schedule 14. Further, no costs associated with RSP Materials, liquidated damages or warranty shall be included in any such costs.

Cost Baseline means the cost budget (expressed in nominal prices) for the delivery of the Accepted Programme generated by the Accepted Programme Financial Model as agreed or determined in accordance with Schedule 18.1 (Shadow Operations) and as updated from time to time in accordance with Schedule 18.4 (Shadow Operator Annual Review) and/or Schedule 9.1B (Financial and Other Consequences of Change) and Placed in Escrow;

Examples of Cost Baseline in a sentence

Subject to the last sentence of Section 3.1(b), the “Facility Conversion Cost Baseline Fiscal Year” shall be, as of the Effective Date, 2019 budget volumes and costs as summarized in the applicable Facility Addenda; provided that in each instance in which the Price is adjusted in accordance with the immediately preceding sentence of this Section 3.2(b)(i), the Facility Conversion Cost Baseline Fiscal Year shall be the applicable Facility Conversion Cost Adjustment Fiscal Year.
During each Extension Period, the Price of such Product may be adjusted as set forth in Section 3.2; provided that the initial Fiscal Year of the first Extension Period shall operate as the Facility Conversion Cost Baseline Fiscal Year (as defined below).
To the extent that a proposed Change can be accommodated within the existing level of resources then being used by Provider in performing the Services hereunder and those resources are appropriate for the proposed New Service or changed Service without degradation to Provider’s compliance with all applicable performance requirements under this Agreement, the Services Costs payable by Company under this Agreement and the Cost Baseline shall not be increased as a result of such Change.
Such documentation should be provided by GE Aviation in a timely manner to allow the audit completion by planned effectiveness of the new Cost Baseline.
Upon Cost Baseline reset, standard overhead shall include all relevant and applicable depreciation associated with the existing LM Product Line.
The cost associated with the depreciation of such investment shall be borne by GE Aviation during the first five (5) years of the Cost Baseline.
No costs associated with RSP Materials shall be included in any GE Aviation revenues, Cost Baseline, or Applicable Price hereunder.
The Annual Budget and Cost Baseline for determining Provider’s Shared Savings shall be equitably modified to take into account any period of suspension hereunder.
Subject to the provisions in Exhibit D Attachment D.2, section 5, CCR’s approved during a year will impact both the Cost Baseline and the Cost Guaranty equally, with no associated savings.
However, once the weighted Cost Baseline Score and evaluation for “Core Services” is completed and Awardees are determined, the proposed Awardees’ “Add-on Services” line items will be evaluated to ensure that they are reasonable.

More Definitions of Cost Baseline

Cost Baseline means the average Product Cost over the twelve (12)-month period, measured from October 1 through September 30, of the preceding year(s), using GE Aerospace’s standard cost allocation applicable to the LM Products and Spare Parts as of the Amendment Date and as described in Section 7.03(c); provided, that, with respect to any LM Product for which there were no deliveries thereof in such twelve (12)-month period, the average Product Cost for purposes of the Cost Baseline determination with respect to such LM Product will be calculated based on the average Product Cost of such LM Products delivered in the twenty-four (24)-month period immediately preceding such date (the “24-Month LM Products”). If GE Aerospace implements

Cost Baseline shall have the meaning set forth in Section 7.03(d)(i). “Costs” shall have the meaning set forth in Section 8.03(a)(v)(C). “Covered Items” shall have the meaning set forth in Section 6.05(n)(ii). “CRD” shall have the meaning set forth in Section 7.03(b). “Customer Resale Opportunity” shall have the meaning set forth in Section 7.01(f)(iii). “Derivative” shall mean a modified or enhanced aero-derivative engine that is substantially based on an existing LM Product Line aero-derivative engine. For example, and for the sake of clarity, the LM2500+G5 is a “Derivative” of the LM2500. “Designated Agreements” shall mean the set of contracts listed on Schedule 15. “Development Program” shall have the meaning set forth in Section 2.02. “Disclosing Party” shall have the meaning set forth in Section 9.08(a). “Discontinued Job Function Employee” shall have the meaning set forth in Section 3.03(c)(iii) of Schedule 15. “Dispute” shall have the meaning set forth in Section 9.07(a). “Effective Date” shall mean November 1, 2019, which was the date of the Closing (as defined in the Transaction Agreement). “Employee Transferees” shall have the meaning set forth in Section 3.03(c)(i)(B) of Schedule 15. “End of Production Date” shall have the meaning set forth in Section 4.03(a). “End User Confidentiality Acknowledgment” shall have the meaning set forth in Section 6.04(e). “Engine Unit Proportion for BH Field of Use” shall mean the number of production engines from the LM Product Lines purchased by BH for the BH Field of Use, divided by the aggregate number of production engines from the LM Product Lines purchased by BH for the BH Field of Use plus any new non-aero-derivative engines (including a derivative of an existing BH or GE Vernova engine as of the Signing Date, which requires substantial development with at least fifty million U.S. Dollars ($50,000,000) of new product introduction funding or a competing product against the LM Product Line procured from a third party) sold by BH for the BH Field of

Cost Baseline means the cost budget (expressed in nominal prices)