Defined Costs definition

Defined Costs means all costs and expenses of maintaining, conducting and supervising the operation of the Entertainment Centre (which do not include (1) depreciation, (2) amounts credited to and expenditure from the Reserve Fund and (3) general rates and land taxes which are to be borne by the Owner) incurred by the Operator directly or at its request pursuant to this Agreement or as otherwise specifically provided herein, which are properly incurred and attributable to the period under consideration under the Operator’s system of accounting including without limitation:
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Defined Costs means all costs, expenses and other obligations paid, incurred or accrued, following the Merger, by Tyson or any of its subsidiaries or affiliates, by or in connection with the Russian Operations; provided, however, that Defined Costs shall not include (i) salaries (at current levels) of Xxxxxxx Xxxxx, Xxxxx Xxxxxx and other employees currently performing administrative functions in the United States with respect to Xxxxxx'x international operations, (ii) other administrative expenses paid, incurred or accrued in the United States (other than payments or accruals made in the United States relating to activities in Russia) with respect to Xxxxxx'x international operations, (iii) any tax payable in respect of the Russian Operations up to a maximum of $500,000, and (iv) the arbitration costs and expenses to be borne by Tyson referred to below (the costs and expenses referred to in items (i), (ii), (iii) and (iv) hereinabove are hereinafter referred to as the "Tyson Expenses"). Furthermore, any out-of- pocket expenses incurred with respect to the Russian Operations shall be included in Defined Costs.
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Examples of Defined Costs in a sentence

  • Moreover, the Owner will at the request of the Operator assume the defence of any proceeding brought by any third party to establish any such liability, the costs of any such defence being a Defined Cost.25.02 The Operator agrees that to the extent specified in this Clause25.02 the Operator will indemnify and save harmless the Owner in respect of the amount, if any, by which Defined Costs exceed Total Revenue during an accounting year.

  • These will include:  mandating the use of a PBA for payment of all Defined Costs and defining the payment process and notice provisions required for its operation; and defining the procedures by which a contractor sets up and implements a PBA.

  • With regard to the latter, as stated above, this is claimed upon either CECA rates or the principle of Defined Costs using Notional Rates.

  • The method of recording costs enables accurate calculation of Defined Costs and reporting activity costs.

  • When presenting a claim to a Third party and the Court, KHL do not provide their schedule of Defined Costs; no one is able to determine whether the rates being charged are in accordance with the process KHL state they apply, the process set out in the contract.

  • Contractor’s treatment of these Defined Costs correct in his application for payment?[6 marks]The Price for ‘Install Water Pump’ is shown on the Activity Schedule as £10,000.

  • The Defined Costs really do need to be realistically market based.Charges associated with premises used by the Provider to Provide the Services are dealt with as follows:For Employer's Premises and the Provider's Main Premises - monthly charges will have to be stated as part of the Pricing Schedule.

  • The ITT documents explained that any NEC3 contracts contain two financial elements, namely, Defined Costs calculated by reference to the Schedules of Cost Components and the fee which is normally the contractors overhead and profit recovery calculated by applying the fee percentages to the defined cost.

  • The Contractor must provide written copies of quotes, invoices of plant materials and any work subcontracted in order to substantiate Defined Costs of compensation events.

  • An extract from the Contract describing what is expected from ECI is reproduced at the end of the response to this question.The Term Civil Engineering Contract is in place and is with a single supplier tendered in compliance with the Public Contract Regulations and EU Directives.Target Prices are derived using tendered Defined Costs (equivalent to resource rates) and benchmarked against similar projects and activities to ensure best value and consistency.

Related to Defined Costs

  • Related Costs means lodging and, if necessary, physical protection for the Covered Person during or while waiting for Transport to the Nearest Place of Safety. Related Costs will include temporary lodging, if necessary, while a Covered Person is waiting to be transported back to the Host Country, Home Country or other country where the Policyholder that sponsored the Covered Person’s Trip is located. Benefits will not be payable for Related Costs unless We (or Our authorized assistance provider) authorize in writing, or by an authorized electronic or telephonic means, all expenses in advance, and services are rendered by Our assistance provider.

  • Associated Costs means, in respect of each Preference Share, an amount (subject to a minimum of zero) equal to its pro rata share (calculated on the basis of the proportion of the aggregate number of Preference Shares outstanding as at the Early Preference Share Valuation Date) as determined by the Calculation Agent of:

  • 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.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;