Excluded Costs definition

Excluded Costs means all of the following costs and expenses incurred in connection with the provision of the Management Services hereunder:

Excluded Costs shall be defined as (i) any mortgage charges (including interest, principal, points and fees); (ii) brokerage commissions; (iii) salaries of executives and owners not directly employed in the management/operation of the Property; (iv) the cost of work done by Landlord for a particular tenant; (v) the cost of items which, by generally accepted accounting principles, would be capitalized on the books of Landlord or are otherwise not properly chargeable against income, except to the extent permitted pursuant to Section A (i) or (ii) above; (vi) the costs of Landlord’s Work and any contributions made by Landlord to any tenant of the Property in connection with the build-out of its premises; (vii) franchise or income taxes imposed on Landlord; (viii) costs paid directly by individual tenants to suppliers, including tenant electricity, telephone and other utility costs; (ix) increases in premiums for insurance when such increase is caused by the use of the Building by Landlord or any other tenant of the Building; (x) maintenance and repair of capital items not a part of the Building or the Property; (xi) depreciation of the Building; (xii) costs relating to maintaining Landlord’s existence as a corporation, partnership or other entity; (xiii) advertising and other fees and costs incurred in procuring tenants; (xiv) the cost of any items for which Landlord is reimbursed by insurance, condemnation awards, refund, rebate or otherwise, and any expenses for repairs or maintenance to the extent covered by warranties, guaranties and service contracts; (xv) costs incurred in connection with any disputes between Landlord and its employees, between Landlord and Building management, or between Landlord and other tenants or occupants; and (xvi) costs incurred in connection with the clean-up, response action or remediation of Hazardous Materials at the Property; (xvii) costs incurred for the replacement of (i.e., as opposed to the maintenance and repair of) the Acid Neutralization Tank; (xviii) costs in connection with the leasing of space in the Building, including lease concessions, rental abatement and construction allowances granted to specific tenants; (xix) costs incurred with the sale, financing or refinancing of the Building, fines, interest and penalties incurred due to the late payment of taxes or expenses; (xx) costs incurred by Landlord in connection with the correction of defects in design and original construction of the Building or Property; the costs or expen...

Excluded Costs means those costs that must be excluded from Total Costs of the Reporting Group pursuant to the exclusions set out in Article 3.

Examples of Excluded Costs in a sentence

• The Authority will pay the Excluded Costs as and when the same are due.

• Certified Costs shall mean a certified accounting of the total actual Project Costs incurred minus the actual Excluded Costs, pursuant to AIA Form G703, as of the date that is one hundred twenty (120) days after closeout of the Construction Contract, as “closeout” is defined in the Construction Contract (the “Closeout”), with all reasonable and underlying supporting documentation including a breakdown of such costs between the Mixed-Use Building and the Garage.

• The Costs of Eligible Improvements shall not, however, include any of the Excluded Costs.

• Excluded Costs: Indirect costs cannot be applied against certain disallowed expenditures for purposes of the calculation.

• Except as specifically set forth in this Agreement, the City shall be solely responsible for the payment of all costs and expenses associated with or relating to the performance and satisfaction of the Site Work (the “Site Costs”), and such Site Costs shall be Excluded Costs and not included in the Construction Budget.

More Definitions of Excluded Costs

Excluded Costs shall be defined as the following:

Excluded Costs. ’ means sales promotion, marketing and after-sales service costs, royalties, shipping and packing costs and non-allowable interest costs; ‘‘fungible goods’’ means goods that are interchangeable for commercial purposes and the properties of which are essentially identical;

Excluded Costs means sales promotion, marketing and after-sales service costs, royalties, shipping and packing costs and non-allowable interest costs; (coûts exclus)

Excluded Costs has the meaning set forth in Section 3.6.

Excluded Costs means, from and after the Emergence Date, the fully burdened employee cost of any Designated MPM Executive, Designated MSC Executive and/or any respective predecessor thereof.

Excluded Costs means (a) costs incurred as a result of an Authority Default; (b) costs related to Construction Contract Change Orders initiated by the Authority but only to the extent provided in Section 11.1 hereof; and (c) costs associated with audits requested by the Authority.

Excluded Costs means all office expenses of the Insured, all expenses for salaried employees of the Insured and general retainer fees for Counsel normally paid by the Insured.