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).

  • 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.

  • If an Increased Tax Cost Event or a change in Regulatory Requirements occurs during the Term of this Feed-in Contract, and as a result we determine that there has been an increase in the direct or indirect costs to us to perform our obligations under this Feed-in Contract, you must pay any additional amounts we notify to you as being necessary to compensate us for that increase.

  • 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.

  • 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.

  • 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).

  • 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.

  • If the cost exceeds this outer boundary, it will be disqualified from the Cost Event and receive zero (0) points for the event.

  • To the extent that any portion of the Recoverable Costs Amount set forth in the Final Closing Statement is disallowed pursuant to a Xxxxxxx Cost Event (any such costs, the “Disallowed Costs”), within 60 days of such Xxxxxxx Cost Event, Purchaser shall prepare in good faith and deliver to Seller a statement setting forth Purchaser’s calculation of the Disallowed Costs.

  • Free Cost: Event! 6:00 6:30 Free Dinner (in cafeteria) 6:45 8:00 True Rock Stars Don’t Hate presentation 6:45 8:00 Youth activities (led by Ben Wilson) https://goo.gl/forms/xYmAbyvPZdRRzYiG3 Future speaker series events - save the dates: Our 8th event is tentatively scheduled for April 23, 2018.

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:

  • Optimal Adjustment Event With respect to any Class of Class B Certificates and any Distribution Date, an Optimal Adjustment Event will occur with respect to such Class if: (i) the Principal Balance of such Class on the Determination Date succeeding such Distribution Date would have been reduced to zero (regardless of whether such Principal Balance was reduced to zero as a result of principal distribution or the allocation of Realized Losses) and (ii) (a) the Principal Balance of any Class of Class A Certificates would be subject to further reduction as a result of the third or fifth sentences of the definition of Principal Balance or (b) the Principal Balance of a Class of Class B Certificates with a lower numerical designation would be reduced with respect to such Distribution Date as a result of the application of clause (ii) of the definition of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance or Class B-6 Principal Balance.

  • Put Event means the occurrence of:

  • 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:

  • Procurement Event means the request for proposals, the evaluation of proposals and bids for wholesale energy products, and the execution of the applicable supplier contracts with Ameren Illinois Company as a counterparty pursuant to the Procurement Plan for the period starting in June 2021, as proposed by the Illinois Power Agency and approved by the Illinois Commerce Commission in Docket No. 20-0717.

  • Adjustment Events 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.

  • Index Replacement Event means each of the following events:

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

  • 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 the event or events giving rise to the right to payment of a Performance Award.

  • 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:

  • XXXX Event means if there are any Mortgaged Properties at any time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (including any incremental credit facility hereunder, but excluding (i) any continuation or conversion of Borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit).

  • 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 or any Mandatory Prepayment Event or any event which after the giving of notice or lapse of time or the satisfaction of any other condition (or any combination thereof) would constitute a Termination Event or a Mandatory Prepayment Event;