Cost Event definition

Cost Event means a directive to perform work resulting from a proposed change. There may or may not be costs associated with the work. It is initiated as a proposal from the Contractor and sent to the Designer for review. If approved by the Designer, the Designer forwards it to the Owner as a recommendation from the Designer in the form of an Authorization Request.
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Cost Event means any Owner-approved proposal from the Contractor that results in a deduction or credit to the Owner’s contingency.
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Examples of Cost Event in a sentence

  • All invoices will indicate if and to what extent costs being invoiced are asserted as having been incurred as a result of an Uncontrollable Cost Event (as such term is defined in Appendix B).

  • The defined Cost Pass-through Events with this materiality threshold are: Insurance Cap Event; insurer credit risk event; natural disaster event; regulatory change event; service standard event; tax change event; and terrorism event.No materiality threshold applies to the Carbon Cost Event.

  • T15.11 Cost Event – The committee is considering a major revamp of the cost event such that it addresses product / component engineering issues including design for cost, design for manufacturing, design for sustainability and the life cycle of the product.

  • ActewAGL may not make an application under this clause 6.12 in respect of a Specified Uncontrollable Cost Event or a Change in Tax Event where the lowest Administrative Cost Impact threshold applies.

  • PART IC - IC2.1 “Fuel” – Some competitions require a fuel type order – Check the relevant website S3 “Business Logic Plan” – Use required form located at www.fsaeonline.com S4 “Cost Report” - Report must comply with the Cost Event Rules.

  • Upon the expiry of any such notice as is referred to in this Condition 7.2 (Redemption following the occurrence of a Tax Event and/or Increased Cost Event and/or Change in Law), the Issuer shall be bound to redeem the Notes in accordance with this Condition 7.2 (Redemption following the occurrence of a Tax Event and/or Increased Cost Event and/or Change in Law).

  • This policy should outline the importance of mitigation (and the health center’s commitment to furthering it), and include a list of mitigation measures, the party responsible for overseeing its completion, and a timeframe for completion.

  • In the case of early redemption in accordance with Conditions 7.2 (Redemption following the occurrence of a Tax Event and/or Increased Cost Event and/or Change in Law) or 7.7 (Early Redemption Amounts), the Early Redemption Amount will be determined pursuant to this Condition 7 (Redemption and Purchase).

  • The occurrence of either a Hedging Disruption Event or an Excess Borrow Cost Event shall constitute an Event of Default with respect to the portion of the Transaction affected by the Hedging Disruption Event or the Excess Borrow Cost Event, and the amount(s) payable, if any, by one or the other party will be determined by the Calculation Agent as if Counterparty is the Defaulting Party.

  • Any obligation on the part of the Issuer to redeem a Credit Linked Note pursuant to the provisions of Condition 7.2 (Redemption following the occurrence of a Tax Event and/orIncreased Cost Event and/or Change in Law), Condition 7.3 (Early Redemption at the option of the Issuer (Call Option)) or Condition 7.4 (Early Redemption at the option of Noteholders (Put Option)), shall terminate upon the occurrence before the performance of such obligation of a Credit Event.

Related to Cost Event

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Adjustment Event means each of the following events:

  • Put Event means the occurrence of any of the following:

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • Potential Adjustment Event means any of the following:

  • Adjustment Events (A) the Partnership makes a distribution on all outstanding OP Units in Partnership Units, (B) the Partnership subdivides the outstanding OP Units into a greater number of units or combines the outstanding OP Units into a smaller number of units, or (C) the Partnership issues any Partnership Units in exchange for its outstanding OP Units by way of a reclassification or recapitalization of its OP Units. If more than one Adjustment Event occurs, the adjustment to the Class B Units need be made only once using a single formula that takes into account each and every Adjustment Event as if all Adjustment Events occurred simultaneously. For the avoidance of doubt, the following events shall not be Adjustment Events: (x) the issuance of Partnership Units in a financing, reorganization, acquisition or other similar business transaction, (y) the issuance of Partnership Units pursuant to any employee benefit or compensation plan or distribution reinvestment plan, or (z) the issuance of any Partnership Units in respect of a capital contribution to the Partnership, including a contribution by the General Partner of proceeds from the sale of securities by the General Partner. If the Partnership takes an action affecting the OP Units other than actions specifically described above as Adjustment Events and, in the opinion of the General Partner such action would require an adjustment to the Class B Units to maintain the one-to-one correspondence described above, the General Partner shall have the right to make such adjustment to the Class B Units, to the extent permitted by law, in such manner and at such time as the General Partner, in its sole discretion, may determine to be appropriate under the circumstances. If an adjustment is made to the Class B Units as herein provided, the Partnership shall promptly file in the books and records of the Partnership an officer’s certificate setting forth such adjustment and a brief statement of the facts requiring such adjustment, which certificate shall be conclusive evidence of the correctness of such adjustment absent manifest error. Promptly after the filing of such certificate, the Partnership shall mail a notice to each holder of Class B Units setting forth the adjustment to his, her or its Class B Units and the effective date of such adjustment.

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Amendment Event means that Counterparty amends, modifies, supplements, waives or obtains a waiver in respect of any term of the Indenture or the Convertible Securities governing the principal amount, coupon, maturity, repurchase obligation of Counterparty, redemption right of Counterparty, any term relating to conversion of the Convertible Securities (including changes to the conversion price, conversion settlement dates or conversion conditions), or any term that would require consent of the holders of not less than 100% of the principal amount of the Convertible Securities to amend, in each case without the consent of Dealer.

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

  • Payment Event means any of the following:

  • Significant Event means any Amortization Event or Event of Default.

  • Knock-out Event means the event as defined in §4(4).

  • Announcement Event means the occurrence of an Announcement Date in respect of a Merger Event or Tender Offer, notwithstanding the fact that such Merger Date or Tender Offer Date may not, or may not be anticipated to, occur on or prior to the Valuation Date for the related Component. The definition of “Announcement Date” in Section 12.1(l) of the Equity Definitions shall be amended by (a) replacing the word “leads” in the third line thereof and in the fifth line thereof with the words “could lead (as determined by the Calculation Agent)” (b) deleting the word “firm” in the second and fourth lines thereof and (c) inserting the words “, and any publicly announced change or amendment to such an announcement (including the announcement of an abandonment of such intention)” at the end of clauses (i) and (ii) thereof. Consequences of Merger Events: Merger Event:

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Pay-Out Event means any Pay-Out Event specified in Section 6.01.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Relevant Event means any Termination Event, Mandatory Prepayment Event or Further Novation Event, or any event which only with the passage of time, the giving of any notice or the fulfilment of any other condition (or a combination thereof) would constitute a Termination Event, Mandatory Prepayment Event or Further Novation Event;

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Reduction Event means any of the following:

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Interest Rate Adjustment Event means the occurrence of any of the following: