Cost Cap definition

Cost Cap shall have the meaning set forth in Section 10.1(g).

Cost Cap. A Developer’s commitment to contain the capital costs of its proposed Public Policy Transmission Project in accordance with the requirements in Section 31.4.5.1.8. The Cost Cap must be in the form of a hard Cost Cap or a soft Cost Cap as described in Section 31.4.5.1.8.3.

Cost Cap has the meaning set forth in Section 4.3(d)(ii).

Examples of Cost Cap in a sentence

• A soft Cost Cap for Included Capital Costs is a dollar amount for those costs above which the Included Capital Costs are shared between the Developer and ratepayers based on a defined percentage.

• A hard Cost Cap for Included Capital Costs is a dollar amount for those costs above which the Developer commits in its proposed Public Policy Transmission Project not to recover from ratepayers.

• If the Developer elected not to submit a Cost Cap, the ISO will rely on its independent consultant to estimate the total capital cost of the Developer’s Public Policy Transmission Project.

• If the Developer’s soft Cost Cap for the Included Capital Costs is below the amount estimated by the ISO’s independent consultant, the ISO will calculate an adjusted value for the Included Capital Costs.

• If the Developer’s soft Cost Cap for the Included Capital Costs is above the amount estimated by the ISO’s independent consultant, the ISO will rely on the Developer’s amount for the Included Capital Costs to calculate the total capital cost of the Developer’s Public Policy Transmission Project.

More Definitions of Cost Cap

Cost Cap. MEANS A MAXIMUM COST IMPACT ESTABLISHED PURSUANT TO SUBSECTION (6)(a)(I) OF THIS SECTION FOR COMPLIANCE WITH A CLEAN HEAT TARGET.

Cost Cap means an upper limit on what the Arkansas

Cost Cap has the meaning set forth in Section 6.13.

Cost Cap initially means the amount described and computed on Schedule VI hereto, which consists of the capital expenditures required by the Company to open the three T-Xxx/Asia Restaurants described on Schedule VI, plus $1,000,000 per T-Xxx/Asia Restaurant for pre-opening expenses, plus a cost overrun of twenty percent (20%). The Cost Cap shall be recomputed in the event the parties agree to substitute a new location for one described on Schedule VI, and at such time, the parties shall agree to the new approximate capital expenditures required to open such T-Xxx/Asia Restaurant and shall replace Schedule VI with a new schedule reflecting such changes.

Cost Cap. If there are no disputed metrics, the parties will proceed accordingly with Schedule 2-A. If there are disputed metrics, the parties will prepare Schedule 2-B. If Schedule 2-B is not necessary, and

Cost Cap means, with respect to calendar year 1996, 105% of the actual Controllable Expenses for calendar year 1995. For each subsequent calendar year, the Cost Cap shall be 105% of the Cost Cap for the immediately preceding calendar year.

Cost Cap shall have the meaning set forth in Section 13.2.