GPP Costs definition

GPP Costs includes Fixed GPP Costs and Variable GPP Costs (each including administrative and general overhead costs), other than Transaction Specific Costs and Commodity Costs associated with this GPP. “Fixed GPP Costs” are those costs deemed to be incurred by NCPA regardless of whether NCPA transacts with Third Parties under this Agreement, including start‐up costs and attorneys’ fees. “Variable GPP Costs” are those costs that are common to all Participants under this Agreement but are expected to vary with the size and scope of the GPP established under this Agreement, including NCPA staff time.
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Examples of GPP Costs in a sentence

  • The Variable GPP Unit Cost will then be multiplied by the total monthly MMBtu subscribed to by each Participant to determine the amount owed by each Participant for Variable GPP Costs under section 5.1(a) above.

  • Upon the conclusion of a Fiscal Year, NCPA shall compare each Participant’s payment of all Fixed and Variable GPP Costs with the actual total GPP Costs incurred on behalf of Participant such that overpayments will be credited to, and underpayments will debited to each Participant’s account in accordance with NCPA’s Annual Budget settlements.

  • Following the Effective Date of this Agreement, a Member may execute this Agreement and become a Participant provided that: 1) such joinder is approved by the NCPA Commission; and 2) the new Participant a) reimburses existing Participants for a proportionate share of the applicable costs identified during NCPA’s Annual Budget process and any GPP Costs incurred to establish and administer this GPP Program, and b) satisfies all Security Account requirements under this Agreement.

  • As part of NCPA’s regular, monthly, advance billing (the “All Resources ▇▇▇▇”) or by separate special invoice, as required in the circumstances, NCPA will issue an invoice to each Participant for its proportionate share of the Commodity Costs, GPP Costs and Transactions Specific Costs due (or any adjustments thereto) based on Sections 5.1 and 5.2 above.

  • For each Fiscal Year, NCPA shall estimate the total Variable GPP Costs to be incurred under this Agreement and this total will be divided by the Participants’ total MMBtu forecast during the Fiscal Year to determine the estimated Variable GPP Cost on a per MMBtu basis (“Variable GPP Unit Cost”).

  • Participants’ payment obligations for Variable GPP Costs under section 5.1 shall be calculated as follows.