Direct Expense means allocated third party costs. These include payments on behalf of claimants, medical and legal fees where these are allocated to particular General Insurance Claims.
Direct Expense means expenses that are attributable to a particular cat- egory or categories of tangible invest- ment described in subpart D of this part and includes:
Direct Expense shall not include any income tax of Landlord, any depreciation on the Building or any depreciation on equipment therein, interest, or real estate broker's commission for any sale or for securing the execution of any Lease.
Examples of Direct Expense in a sentence
Contractor will be paid on a Unit Rate basis as follows: Direct Labor Costs: $ Direct Expense Costs: $ Subcontractor(s) Costs: $ $ 4.1.2 Direct Costs.
Contractor will be paid on a Cost Plus Fixed Fee (profit) basis as follows: Direct Labor Costs: $ Overhead Costs: $ Fixed Fee Costs: $ Direct Expense Costs: $ Subcontractor(s) Costs: $ $ 4.1.2 Overhead Rate.
The amount of any insurance premiums incurred by or accrued as an expense of Landlord in securing such coverage shall constitute a Direct Expense and the Tenant shall pay its allocable portion of such cost as a part of the Tenant’s share of Direct Expenses.
In no event shall the payment by Tenant of any Direct Expense payment, or any amount on account thereof, preclude Tenant from exercising its rights under this Section 4.6.
Generally follow the guidelines for either compensation by a Lump Sum Fee or compensation by a Multiple of Direct Expense in accordance with the type of compensation for the Additional Services and the example format provided herein.
More Definitions of Direct Expense
Direct Expense as used herein, shall include all direct costs of operation and maintenance as determined by Generally Accepted Accounting Principles (“GAAP”), except where this Lease specifically provides that GAAP shall not apply. Direct Expenses shall include without limitation the following: building supplies; ad valorem real and personal property taxes and other governmental charges; utility and service charges attributable to Common Areas or paid by Landlord; property, casualty, liability and other insurance premiums; deductibles paid in connection with any such insurance policies; repairs, reserves for major repairs, maintenance and service contracts for the Building, Common Areas and all related mechanical equipment; property management charges; grounds maintenance; security; removal of snow and ice; parking maintenance and striping; landscaping; and all other similar costs and expenses. Direct Expense shall also include the cost of capital improvements, amortized over their useful life as reasonably determined by Landlord using a market interest rate, which (1) are made for the purpose of reducing Direct Expenses or (2) are required under any laws, rules or regulations or amendments thereto first enacted after the Commencement Date or (3) are properly considered maintenance and repair items (such as performing preventative maintenance, repaving the parking lot serving the Building, painting of the common areas within the Building, replacement of carpet in the lobbies and like items). If the Commonwealth of Pennsylvania or any political subdivision thereof or any governmental or quasi-governmental authority having jurisdiction over the Building and Lot should specifically impose a tax, assessment, charge or fee or specifically increase a then existing tax, assessment, charge or fee, which Landlord shall be required to pay, either by way of substituting for said real estate taxes or assessed against the Building or Lot, or in addition thereto, or impose an income or franchise tax or tax on rents in substitution for a general tax levied against the Building or Lot, or an addition thereto, such taxes, assessments, charges or fees shall be deemed to constitute a real property tax hereunder to the extent said taxes are in substitution therefore or in addition thereto. A copy of tax bills or assessment bills submitted by Landlord to Tenant shall at all times be sufficient evidence of the amount of taxes and/or assessments levied or assessed against the property to which...
Direct Expense with respect to an activity, means salary and benefit charges for personnel time spent engaging in the activity, plus cost of goods and outside services used in the activity, plus ten percent (10%) of all of the foregoing in respect of overhead.
Direct Expense as used herein, shall include all direct costs of operation and maintenance of the Building and the Common Areas incurred by Landlord as determined by Generally Accepted Accounting Principles (GAAP) and shall include without limitation the following: building supplies; ad valorem real and personal property taxes and other governmental charges to be included on installment basis; utility and service charges attributable to Common Areas or paid by Landlord; property, casualty, liability and other insurance premiums; repairs, reserves for major repairs, maintenance and service contracts for the Building, Common Areas and all related mechanical equipment; property management charge equal to 4% of Monthly Minimum Rent of the Building as adjusted herein; grounds maintenance, security, removal of snow and ice, parking maintenance and striping, landscaping; and all other similar costs and expenses. The following shall be excluded from Direct Expenses:
Direct Expense. The term "Direct Expense" shall include:
(1) All real and personal property taxes and assessments imposed by any governmental authority or agency on the Building and the land on
Direct Expense means any direct expense and cost incurred by Buyer directly related to the operation of the Business Unit (e.g. supplies, payroll, outside counsel and auditor fees and expenses, salary and benefits (at 25% of salary) to be allocated for the time of in-house counsel, finance and accounting staff based upon a forty (40) hour work week) and that were incurred as a result of (A) the request of the Managers of the Business Unit, (B) the acts or omissions of the Managers of the Business Unit resulting in an amount payable to any third party or (C) the exercise of Buyer's Oversight Rights (as hereinafter defined).
Direct Expense as used herein shall mean an amount due to a third party whether incurred by FSIJ directly, or at the request of, or in support of the request of, an individual Client or group of Clients in relation to specific Services provided by FSIJ to such Client(s), and shall include, but not be limited to any government fees, legal, tax, accounting, consulting or other professional service expenses. “Common Charges” as used herein shall mean the total amount of FSIJ’s operating expenses, including salary, office, marketing, travel and other operating expenses of FSIJ, plus five percent (5%).