Joint Venture Costs definition

Joint Venture Costs means all expenditure and liabilities incurred by or for the Participants in accordance with this agreement and includes:
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Joint Venture Costs has the meaning provided in Exhibit R.2(b)(ii).
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Joint Venture Costs means the Operating, Maintenance, Administration, Management Costs, and the Capital Costs;
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Examples of Joint Venture Costs in a sentence

  • In addition to payments expressly set out in this Agreement, on and from the Earned Interest Date, each Joint Venturer must contribute to all Joint Venture Costs in proportion to its Joint Venture Interest on each date on which a contribution is due to be made under clause 12.2.

  • Notwithstanding the foregoing, the Manager will make available sufficient financial information for each Participant to close their books within their normal procedures and timelines as will be communicated by each Participant to the other and to the Manager, and to avoid doubt, the Manager's costs in complying with this obligation will form part of the Joint Venture Costs.

  • To the extent any costs are not required to be met by the requesting Participant under this clause, they will constitute Joint Venture Costs under this agreement.

  • The Manager’s costs and expenses in providing this service will be included in Joint Venture Costs.

  • Each Participant must contribute to Joint Venture Costs in proportion to their respective Joint Venture Interests, and Cash Calls issued under this clause 8 will be prepared accordingly.

  • The costs of the Expert will be Joint Venture Costs, except as otherwise may be provided in this agreement.

  • Any Participant which claims reimbursement of Joint Venture Costs shall disclose and make available to the other Participant and to the auditor or accounting advisor of the Joint Venture all books of account and accounting records and other documentation reasonably required to substantiate its claim.

  • To the extent any costs are not required to be met by the requesting Participant under this clause 10.2, they will constitute Joint Venture Costs under this agreement.

  • Any costs associated with transportation costs of the equipment from its present location to a Project and for its return to its location or origin or to a location specified by the Participant that owns the equipment shall be Joint Venture Costs.

  • Any and all out of pocket expenses and disbursements incurred in the provision of the services and exercise of the powers and authority as aforesaid shall be to the account of the Joint Venture and shall be deemed to be Joint Venture Costs.

Related to Joint Venture Costs

  • Joint Venture (JV means an association with or without a legal personality distinct from that of its members, of more than one Consultant where one member has the authority to conduct all business for and on behalf of any and all the members of the JV, and where the members of the JV are jointly and severally liable to the Procuring Entity for the performance of the Contract.

  • Joint Venture Agreement has the meaning set forth in the Recitals.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.

  • consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract;

  • Joint Venture means a joint venture, partnership or other similar arrangement, whether in corporate, partnership or other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party.