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Operational expense definition

Operational expense means those funds devoted to or required for
Operational expense means any expense incurred towards achieving the objects of this framework and includes transport and stationery;
Operational expense means an operational cost of a project, asset, program, or event.

Examples of Operational expense in a sentence

  • Operational expense is all the money the system spends in order to turn inventory into throughput.

  • Operational expense limit The Shareholders in the Fund will bear operational expenses of up to 0.3 per cent per annum of the Net Asset Value of the Fund (after deduction of any accrued Investment Management Fees and Value Added Tax, if any, on such a fee) (“Operational Expense Limit”) until such date as may be determined by the Directors.

  • Operational expense (OPEX) refer to costs associated with operating and maintaining an infras- tructure.

  • Operational expense can be contained and minimized, as fewer personnel are required to support a single vendor solution versus multiple platforms.

  • General allocation requests consist of the following types of requests: Program, Travel, Equipment, Print Media, Broadcast Media, and Operational expense.

  • Operational expense and initiatives extending from the Community Safety Committee are accommodated within Council‟s recurrent budgets.

  • Operational expense relating to the year 2014 has been recognised by taking into account validated cost claims for applicable projects and periods.

  • Operational expense limit The Shareholders in the Fund will bear operational expenses of up to 0.2 per cent per annum of the Net Asset Value of the Fund (after deduction of any accrued Investment Management Fees or Value Added Tax, if any, on such a fee) (“Operational Expense Limit”) until (and including) 30 June 2020 or such later date as may be determined by the Directors.

  • Operational expense relating to the year 2011 has been recognised by taking into account validated cost claims for applicable projects and periods.

  • MGE= Operational expense/ operational income 3.5.2.1.2. Bank Size According to Belayneh (2011) one of the most important questions regarding bank profitability is whether or not bank size optimizes profitability.


More Definitions of Operational expense

Operational expense means those funds devoted to or required for the regular or ordinary expenses of the school of professional nursing, including administration, maintenance and salary expenses;
Operational expense means any expense required for the general operation of SD in connection with SD’s performance of the Commercial Cannabis Activity at the Licensed Premises, excluding any Source Material Expense.
Operational expense means those funds devoted to or required for the regular or ordinary expenses of the college, including administrative, maintenance, minor capital and salary expenses but excluding capital outlay expenses;
Operational expense means expenses that Travtoinde Pvt Ltd has to incur through its
Operational expense means any expense required for the general operation of VBF in connection with VBF’s performance of the Commercial Cannabis Activity at the Licensed Premises.
Operational expense means expenses that Eco-Jeevan has to incur through its normal course of business to conduct its tours and business operations.

Related to Operational expense

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk's office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replacements and office automation and information technology equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Consolidated Maintenance Capital Expenditures means all Capital Expenditures of the Borrower and its Subsidiaries on a consolidated basis other than those constituting Consolidated Growth Capital Expenditures.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Organizational Expenses has the meaning set forth in Section 4.2(b).

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Rental Expense means, with respect to any period, the aggregate amount of rental payments made by the Company and its Subsidiaries (determined on a consolidated basis) for such period with respect to operating leases.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Consolidated Rental Expense means, for any period, on a consolidated basis for the Company and its Subsidiaries, the aggregate amount of fixed and contingent rentals payable in cash by the Company and its Subsidiaries with respect to leases of real and personal property (excluding capital lease obligations) determined in accordance with GAAP for such period (subject to Section 1.04(b)).

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Consolidated Capital Expenditures means, with reference to any period, the Capital Expenditures of the Borrower and its Subsidiaries calculated on a consolidated basis for such period.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Capital Expenditure means expenditure on: a) the acquisition of land and buildings; b) the erection, enlargement, improvement or demolition of any building including fixed plant, installation, wall, fence or other structure, or any playground or hard standing;

  • Public expense means that the LEA either pays for the full cost of the evaluation or ensures that the evaluation is otherwise provided at no cost to you, consistent with the provisions of Part B of the IDEA, which allow each State to use whatever State, local, Federal and private sources of support are available in the State to meet the requirements of Part B of the Act.

  • Approved Operating Expenses means for each Budget Year during the Term the following operating expenses reasonably and actually incurred from the operation and maintenance of Property to the extent that such operating expenses are consistent with the Annual Budget and the Annual Audited Financial Statements:

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Operating Costs means the reasonable incremental expenses incurred by the Recipient on account of Project implementation, including costs related to audits, office equipment and supplies, vehicle operation and maintenance, shipping costs, office rentals, communication and insurance costs, office administration costs, bank charges, utilities, transport costs, travel, per diem and supervision costs, and salaries of contracted employees, but excluding salaries of officials of the Recipient’s civil service.