Department Expenses definition

Department Expenses means the Department's expenses of carrying out and administering its powers, duties and functions in connection with the Mortgage Loans and shall include without limiting the generality of the foregoing: salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus; expenses for data processing, insurance premiums, legal, accounting, management, consulting and banking services and expenses; the fees and expenses of the Trustee, Depositories and Paying Agents; Mortgage Loan servicing fees; costs of issuance not paid from proceeds of Bonds; payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by the Department under the provisions of the Act, the Trust Indenture and any Supplemental Indenture, all to the extent properly allocable to the Program.
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Examples of Department Expenses in a sentence

  • AGREED: (1) That the Board note the position in terms of the Local Area Agreement and the likely role that the LSP would take in helping to deliver the agreed outcomes.

  • To see if the Town will vote to raise and appropriate Seventy Nine Thousand Twenty Seven Dollars ($79,027), or appropriate such other amount as Town Meeting may approve, for the purpose of increasing the Police Department Salary/Wages Budget and to raise and appropriate Seven Hundred Dollars ($700), or appropriate such other amount as Town Meeting may approve, for the purpose of increasing the Police Department Expenses Budget and, or take any other action thereon.

  • To see if the Town will vote to amend the FY2023 Police Department Expenses budget (line 33) by raising and appropriating the sum of $24,687 for the first-year costs to acquire and implement via a lease purchase finance agreement body-worn cameras and less-lethal devices for Police Department personnel, including all other incidental and related expenses; or take any other action relative thereto.

  • Sales, Marketing and Engineering Department Expenses: The costs for employees and activities relating to the sales and marketing and the engineering departments are directly related to the FWT product line.

  • Service Department Expenses: Detailed records shall be maintained to indicate expenses incurred in respect of each service department or cost centre like laboratory, welfare, transport etc.

  • Authorize and approve the expenditure of $4,000 of Special Department Expenses for nonprofit management training program for Board Secretary.

  • Prior to an Event of Default and so long as the 2021 Series B Bonds remain Outstanding, the Department will not use Mortgage Loan Principal Payments on the 2021 B Transferred Mortgage Certificates for the purpose of paying Department Expenses.

  • These assumptions were confirmed by local hotel developers and industry professionals: • Room Expenses – 25.8 percent of room revenues• Food Costs – 68.9 percent of food revenues• Other Operated Department Expenses – 64.8 percent of other operated department revenues• Undistributed Operating Expenses – 24.4 percent of total hotel revenues.

  • Finance Department Expenses ($15,000): An employee in the Finance Department resigned in FY14, and the Finance Department has engaged a temporary employment firm to provide temporary staff to perform the duties the former employee performed.

  • To see if the Town will vote to transfer from Fiscal Year 2022 Police Department Expenses (210-5700) the sum of eighty dollars and ninety-two cents ($80.92) to pay an unpaid bill of the prior fiscal year, or take any action relative thereto.

Related to Department Expenses

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Administration Expenses means all fees, disbursements, expenses, costs, taxes and any other amounts incurred or payable by the Plaintiffs, Class Counsel or otherwise for the approval, implementation and operation of this Settlement Agreement, including the costs of notices, but excluding Class Counsel Fees and Class Counsel Disbursements.

  • Allowable Expenses means any Medically Necessary, Usual and Customary item of expense, at least a portion of which is covered under this Plan. When some Other Plan provides benefits in the form of services rather than cash payments, the reasonable cash value of each service rendered in the amount that would be payable in accordance with the terms of the Plan shall be deemed to be the benefit.

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Health care expenses means, for purposes of Section 14, expenses of health maintenance organizations associated with the delivery of health care services, which expenses are analogous to incurred losses of insurers.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Administration Expenses Payment means the amount the Administrator will be paid from the Gross Settlement Amount to reimburse its reasonable fees and expenses in accordance with the Administrator’s “not to exceed” bid submitted to the Court in connection with Preliminary Approval of the Settlement.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Current Expenses means operating costs other than personal services and shall not

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Travel Expenses means any costs incurred by Licensor associated with the transportation, storage or lodging of equipment, supplies, Licensor employees and other items necessary for business use from Licensor headquarters to Licensee’s facilities. Travel expenses may include, but are not limited to airfare, hotel costs, and meals if applicable. Any travel expenses paid by the Licensee shall be paid at allowable government travel rates consistent with Management Directive 230.10, unless otherwise first approved by the Licensee’s authorized representative.

  • 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.

  • Post-secondary education costs means tuition and other fees associated with obtaining credit from a post-secondary educational institution.

  • Administration Fees The sum of (i) the Servicing Fee, (ii) the Master Servicing Fee and (iii) the Credit Risk Management Fee.

  • Settlement Administration Costs means all costs and fees of the Settlement Administrator regarding Notice and Settlement administration.

  • Administration Costs means (i) the costs and expenses associated with the production and dissemination of the Notice; (ii) all reasonable costs incurred by the Settlement Administrator in administering and effectuating this Settlement, which costs and expenses are necessitated by performance and implementation of this Agreement and any Court orders relating thereto; and (iii) all reasonable fees charged by the Settlement Administrator.