Net Cost Impact definition

Net Cost Impact means, with respect to the aggregate of all City Change Orders with respect to the Public Improvements, the net increase or reduction attributable to the subject Changes, in the cost of the labor, materials, supplies, equipment, general conditions, construction and services required to construct, equip, complete and install (“Cost of the Work”) to the extent that the aggregate of such Changes actually increase or reduce the Cost of the Work which is the subject of the Changes, as reasonably determined by the Redeveloper’s Architect, and after taking into account all additions and credits involved in any one Change. The ▇▇▇▇-up for general conditions, overhead and profit involved in any Change shall be equivalent to that provided for in the construction management contract(s) and subcontracts related to the Private Improvements, such ▇▇▇▇-up to be memorialized in writing between the Parties when such contracts have been negotiated. “Net Cost Impact” shall also include any architectural and engineering costs related to the subject Change and the costs of obtaining any governmental approvals related thereto.

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Net Cost Impact shall also include any architectural and engineering costs related to the subject Change and the costs of obtaining any governmental approvals related thereto.

Net Cost Impact means any net increase or decrease in the Borrower’s costs (including the Borrower’s reasonable allocable costs and taking into account any savings in the Borrower’s operating and finance costs resulting from a Compensation Event) directly attributable to the occurrence of a Compensation Event, as compared with what the Borrower’s costs (including the Borrower’s reasonable allocable costs) would have been absent the occurrence of such Compensation Event, less the increased costs that can reasonably be mitigated by the Borrower in accordance with applicable provisions of the Amended and Restated Comprehensive Agreement (excluding any mitigation of costs subtracted from Net Revenue Impact for the same Compensation Event).

Examples of Net Cost Impact in a sentence

The Compensation Event Notice shall set forth (i) the Compensation Event and its date of occurrence in reasonable detail, and (ii) the amount claimed as the Concessionaire Damages or as Positive Revenue, as applicable, and details of the calculation thereof including a written analysis and calculation of the estimated Net Cost Impact, if any, and estimated Net Revenue Impact.
For the avoidance of doubt, the Concessionaire will be solely responsible for such Compensation Events with a Net Cost Impact under $10 million per occurrence.
At the Concessionaire’s request within such 180-Day period, the Department will grant reasonable extensions of time for the Concessionaire to deliver the written notice of Claim, so long as the Concessionaire is making good faith, diligent progress in completing its traffic and revenue analysis and Net Cost Impact or Net Revenue Impact analysis, provided, that in no event will the Department be obligated to grant extensions aggregating more than 90 Days.
The Compensation Event Notice shall set forth (i) the Compensation Event and its date of occurrence in reasonable detail, (ii) the amount claimed as the Concessionaire Damages, and (iii) details of the calculation thereof including a written analysis and calculation of the estimated Net Cost Impact, if any, and estimated Net Revenue Impact.
For the avoidance of doubt, the Concessionaire will be solely responsible for all Compensation Events with a Net Cost Impact under $10 million per occurrence.
Such analysis and quantification will include data on past Toll Revenues and projected future Toll Revenues with and without the potential Alternative Facility, together with any projected Net Cost Impact or Net Revenue Impact.
If the Concessionaire or the Department submits a Compensation Event Notice under the ARCA, at the request of either party (and at the expense of the requesting party) the Independent Engineer shall prepare a comprehensive report as to the Compensation Event Notice’s estimate of the Net Cost Impact attributable to the Compensation Event.

More Definitions of Net Cost Impact

Net Cost Impact has the meaning set forth in the Lease. Net Revenue Impact has the meaning set forth in the Lease. New CHRP means the new central heating and refrigeration plant to be constructed by the Developer (or by the Design-Builder pursuant to the terms hereof).

Net Cost Impact means the aggregate value of any net increase in the Concessionaire’s costs (including the Concessionaire’s Allocable Costs to the extent applicable), reflected on an annual basis, directly attributable to an Unforeseen Event, as compared with what the Concessionaire’s costs (including the Concessionaire’s Allocable Costs, to the extent applicable) would have been absent the occurrence of the Unforeseen Event, less the increased costs that can reasonably be mitigated by the Concessionaire. Net Cost Impact will: (a) exclude amounts paid or to be paid to Affiliates that have not been approved by the Authority pursuant to Section 4.13 that are in excess of the pricing the Concessionaire could reasonably obtain in an arms’ length, competitive transaction with an unaffiliated Contractor and (b) take into account any savings in costs, including finance costs, attributable to the Unforeseen Event.