Necessary Costs definition

Necessary Costs means costs essential to the provision of rehabilitative treatment and supportive services and to the achievement of service requirements and outcomes up to the extent required by standards established for the services.

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Necessary Costs means costs that are appropriate and helpful in developing and maintaining the operation of resident care facilities and activities. These costs are usually costs that are common and accepted occurrences in the field of long term care nursing services.

Necessary Costs as defined in subsection 6.2.3.

Examples of Necessary Costs in a sentence

• Such Capital Call Notice shall set forth the amount of the required funds (the "REQUIRED FUNDS") and a list of Necessary Costs, and shall specify a date (the "CAPITAL CALL DUE DATE") for contribution of such funds.

• Other Necessary Costs - Costs for any job site items necessary for the Work not referenced herein, not normally provided by the Subcontractors, which will be provided by the Construction Manager as required to complete the Work.

• The Class A Member shall have the right, but not the obligation, to contribute capital to the Company to cover Necessary Costs.

• Such Capital Call Notice shall set forth the amount of the required funds (the "Required Funds") and a list of Necessary Costs, and shall specify a date (the "Capital Call Due Date") for contribution of such funds.

• For purposes of this Agreement "Reasonably Necessary Costs of Remediation" means those Costs of Remediation which are (i) consistent with custom and good business practice and (ii) consistent with the most cost-effective means allowable by all applicable governmental agencies.

• Notwithstanding anything contained in Section 4.1 hereof to the contrary, following the date of the Re-balancing Contribution, any and all Distributions of Net Cash Flow made to the Members with respect to the Re-balancing Property after the repayment of any Campus Crest Guaranty Loans and Necessary Costs Loans pursuant to Section 4.1(a) or Section 4.1(b), as applicable, shall be distributed 49.9% to Campus Crest and 50.1% to HSRE.

More Definitions of Necessary Costs

Necessary Costs means any amount in excess of the costs required to be funded under Sections 3.2, 3.3, and 3.4 hereof, including without limitation, an expenditure which a Member reasonably determines in good faith to be needed to preserve the physical integrity, safety and value of a Property, including, without limitation, an expenditure which a Member, in good faith, determines to be necessary to (i) to address health or safety concerns of Tenants, (ii) to pay maintenance, taxes or insurance on a Property, (iii) to pay, or discharge any liens or encumbrances on the Project other than loans or encumbrances that are not otherwise in default, or create a default, under a Construction Loan, and/or (iv) to cure or otherwise avoid any default occurring under any agreement entered into by the Company or which would otherwise be binding upon the Properties in any respect (including, without limitation, any construction or loan documents, Leases, management agreements or other agreements binding upon the foregoing parties); provided, however, that in no event shall the payment of any fees to a Member or its Affiliate be deemed a Necessary Cost.

Necessary Costs means the costs directly related to the service provided.

Necessary Costs has the meaning set forth in the Owner Agreement.

Necessary Costs means costs that are appropriate and helpful in developing and maintaining the operation of resident care facilities and

Necessary Costs mean amounts necessary to timely pay (i) real estate taxes, utility costs, insurance premiums, costs to comply with legal requirements as to the Property or other similar non-discretionary expenses as to the Property, and (ii) scheduled payments of debt service on Financings to the Company or the Property Owner Subsidiary (but not payments of principal due at maturity or by acceleration of any such loan or prepayments of principal thereunder).

Necessary Costs means the costs borne by the University for application, registration, and maintenance of intellectual property rights and technology transfer activities.