Cost Centers definition

Cost Centers means collectively the following cost centers, as illustrated on Exhibit D and as the same may hereafter be amended from time to time. Such Airport Cost Centers shall be used for purposes of accounting for Airport Revenues and Airport Expenses and for calculating and adjusting certain rentals, fees and charges as specified in this Agreement:

Cost Centers means the direct and indirect cost areas to be used in the accounting and assignment of Revenues, Operation and Maintenance Expenses, Annual Debt Service, Amortization Charges, and other deposits or reserves required by the Indenture as further defined in “Exhibit B”.

Cost Centers means those areas or functional activities of the Airport System used for the purposes of accounting for O&M Expenditures and Investment Service.

Examples of Cost Centers in a sentence

• The net Bond Redemption and Improvement Requirement shall be allocated on the basis of Debt Service Requirements to the Airport Cost Centers.

• City has identified on Exhibit E of this Agreement the Capital Expenditures in the Approved Capital Improvement Program planned for inclusion in Airline Cost Centers, as of the date of this Agreement.

• Airline agrees to the inclusion of Airport Expenses associated with the Capital Improvement Projects set forth on Exhibit E, in the identified Airline Cost Centers and in the determination of Airline’s rentals, charges and fees upon the Substantial Completion Date of each Capital Improvement Project.

• Airline acknowledges that the rights granted in this Article 8 are expressly limited to preventing the inclusion of Airport Expenses of Capital Improvement Project(s) except those exempted in Section 8.03.B below in the applicable rate base for the Airline Cost Centers.

More Definitions of Cost Centers

Cost Centers means the areas (and functional activities associated with such areas) used in accounting for the amortization, the depreciation, the debt service and the Operation and Maintenance Expenses of the Airport for the purposes of calculating rents, fees, and charges, as shown on Exhibit C as may hereafter be modified or expanded, and as more particularly described below:

Cost Centers means the areas (and functional activities associated with such areas) used in accounting for the purposes of calculating Rents, Fees, and Charges, as such areas now exist as shown on Exhibit A, or may hereafter be modified or expanded, and as more particularly described below:

Cost Centers means the South Terminal Cost Center and the North Terminal Cost Center, which shall be certain areas of the Airport grouped together for the purpose of accounting for revenues, O&M Expenses and Bond Debt Service. Each such area is a Cost Center.

Cost Centers means the Airfield Cost Center, Loading Bridge Cost Center, Terminal Cost Center and KCAB Cost Centers (which shall include Commercial Property, Parking and Ground Transportation and Rental Cars Sub- Cost Centers), as the same may hereafter be amended from time to time. Such Cost Centers shall be used for purposes of accounting for expenses and for calculating and adjusting certain rentals, fees and charges as specified in this Agreement.

Cost Centers means the areas (and functional activities associated with such areas) used in accounting for the Amortization, the Capital Outlays, and the Operating and Maintenance Expenses of the Airport for the purposes of calculating Rents, Fees, and Charges, as such areas now exist as shown on Exhibit A, or may hereafter be modified or expanded, and as more particularly described below:

Cost Centers means the cost areas to be used in the Cost Accounting System as set forth in the Use and Lease Agreements, or, if none of the Use and Lease Agreements is in effect, then as determined by the City from time to time. Such Cost Centers shall initially consist of the Airport Area Cost Center, the Terminal Area Cost Center, the Ramp Area Cost Center, the Other Buildings and Areas Cost Center, the Northeast Philadelphia Airport Cost Center, the Outside Terminal Area Cost Center and the Airport Services Cost Center, all as defined in the Use and Lease Agreements.

Cost Centers means the cost centers used by the AUTHORITY in allocating and accounting for revenues, expenses, and other elements of the Authority Requirement as described in Exhibit A.