Cost incurred definition

Cost incurred means expenses for implementation of a project accrued because the borrower has agreed to purchase equipment or is obligated to pay for services or materials already provided as a result of implementing an approved eligible project.
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Cost incurred means, at any time with respect to Lots and Units, the then-current book value thereof, determined in accordance with GAAP.
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Cost incurred means costs are considered incurred on the date that goods or services are received and accepted.
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Examples of Cost incurred in a sentence

  • Cost incurred by Contractor must be substantiated and incurred during the contract period.

  • Cost incurred by contractor must be substantiated and incurred during the contract period.

  • Cost incurred in the implementation of Project Site safety and security plans.

  • Cost incurred by Lessor in providing said signs shall be included within "operating costs".

  • Cost incurred due to an emergency affecting the safety of persons and property.

  • The Contractor shall not be entitled to claim any extension of time and/or Cost incurred in connection with the submission or re-submission of the design to the Port Authority and/or any Statutory Authority or any condition imposed by such authority as a condition of grant.

  • The Customer must pay to the Bank, within 7 days of notice, the amount certified by the Bank as an Increased Cost incurred by the Bank or its parent and attributable to this Agreement.

  • For any justified Direct Cost incurred for Change Order work not covered by the categories of costs contained in Sections 4.5.10.1 through 4.5.10.4, DB Contractor shall accept as full payment therefor an amount equal to the actual cost to DB Contractor for such Direct Cost item without additional markup.

  • Cost incurred by the presence of a court reporter, as well as preparation costs of any transcript of the proceedings, shall be equally shared by the Sheriff’s Department and the Union.

  • Cost incurred due to an emergency affecting the safety of persons and/or property.


More Definitions of Cost incurred

Cost incurred means a cost, whether it is paid or unpaid, and includes a cost incurred by an individual on behalf of a registered party or a candidate with the knowledge and consent of the party or candidate. In addition, a candidate incurs a cost if a constituency association incurs the cost on the candidate's behalf.
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Cost incurred means the expense incurred by the supplying Party in supplying Emergency Assistance, as such cost is determined in accordance with the applicable Operating Procedures as established by the Operating Committee. Such costs shall include, but not be limited to, the following:
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Cost incurred means cost which are due and payable, but not necessarily paid to the contractor.
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Related to Cost incurred

  • Cost Reimbursement means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Consolidated Rental Expense means, for any period, the aggregate rental expense (including any contingent or percentage rental expense) of the Borrower and its Subsidiaries on a Consolidated basis for such period (excluding real estate taxes and common area maintenance charges) in respect of all rent obligations under all operating leases for real or personal property minus any rental income of the Borrower and its Subsidiaries on a Consolidated basis for such period, all as determined in conformity with GAAP.

  • Incurred as defined in the definition of “Pro Forma Basis”.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.