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
Multiple of Direct Expense: Maximum normally is not more than what Lump Sum Fee would be, and is filled in accordingly in words and figures.
If the fee is based on a Multiple of Direct Expense with a Maximum not to exceed, at the end of the first line, after “shall be”, it is customary to add “not to exceed” before the amount.
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.
FCCM will be calculated as a percentage of chargeable direct salary and wages exclusive of premium overtime, at the rates provided in Table 5 of Section 5.0. Operating Margin- Operating margin will be applied to approved direct salary costs (exclusive of premium overtime) at the rates provided in Table 5 of Section 5.0. Direct Expense Rate- The Consultant will be compensated for direct expenses in association with salaries.
Miscellaneous Direct Expenses- LA-5 Subject to the established limiting amount, only Consultants without a Direct Expense Rate identified in Table 5A of Section 5.0 are eligible to receive compensation for itemized miscellaneous direct expenses when authorized and when properly supported by invoices or other acceptable evidence of payment.
More Definitions of Direct Expense
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 fifteen ten percent (15%)(10%) of all of the foregoing in respect of overhead.
Direct Expense as used herein, shall include all direct costs of operation and maintenance 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; 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 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. If the State of North Carolina 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 such bxxx relates. Landlord’s reasonable expenditures for attorney’s fees, appraiser’s fees, consultant’s fees and other costs incurred during the Term of this Lease without regard to the tax year involved, in any efforts by Landlord to minimize ad valorem personal and real property taxes, and other governmental charges, which rights are reserved to Landlord, shall be included in the definition of ad valorem real and personal property taxes and other governmental charges for the purposes of this Section. If Landlord should receive a refund of any such taxes or charges, the Tenant will share proportionately in same, after deduction for all of Landlord’s expenses in obtaining any such refund. Lan...
Direct Expense means allocated third party costs. These include payments on behalf of claimants, medical and legal fees where these are allocated to particular Ggeneral Iinsurance claims.
Direct Expense means any Flow Through Expense or Non Flow Through Expense directly related to the provision of services on a specific Segment or in relation to an Idle Facility located in a specific Segment.
Direct Expense. The Owner shall make payment to the Contractor for any allowable Direct Expenses. Direct expenses mean actual direct expenditures made by the Contractor that are directly related to the production of the products sold or services rendered under the Contract. Direct expenses include, but are not limited to, the following: long- distance communications, reproductions; postage and handling of plans, drawings, specifications and other documents; mileage and travel expenses including airfare and lodging; per diem, as applicable; data processing and photographic production techniques and renderings and models, mock-ups; goods purchases by the Contractor to meet the obligations of the Contract; goods purchased as requested by Owner and as essential to the normal discharge of Owner’s responsibilities as it is related to Owner’s business under this Contract. All direct expenses must be reasonable, allowable per this Contract, and reflect the most efficient and cost- effective option that results in the best value for OSU. Direct Expenses will be paid to Contractor, at cost.
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 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...