Ordinary Costs definition

Ordinary Costs means costs incurred that are customary for the normal operation.
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Examples of Ordinary Costs in a sentence

  • If any Member determines that additional funds are necessary to pay ordinary and necessary operating and capital expenditures of the Company or any debts, liabilities and obligations incurred by the Company in the ordinary course of its business, ("Ordinary Costs"), and if the Members fail to agree to make capital contributions to pay such Ordinary Costs, any Member shall have the right to loan funds to the Company pay all or a portion such Ordinary Costs ( "Member Loan").

Related to Ordinary Costs

  • Mandatory Costs means the percentage rate per annum calculated in accordance with Schedule 1.01(b).

  • Hedging Costs means the hedging costs between the reference currency of the Unit class and the base currency of the Sub-fund, corresponding to the difference (in percentage terms), on each Valuation Date, between (i) the price of the 3-month maturity exchange rate between the reference currency of the Unit class and the base currency of the Sub-fund, and (ii) the spot rate of the same exchange rate.

  • Lenders’ Expenses are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses, as well as appraisal fees, fees incurred on account of lien searches, inspection fees, and filing fees) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred by Collateral Agent and/or the Lenders in connection with the Loan Documents.

  • Reasonable and Customary Charges means expenses which:

  • Current Expenses means operating costs other than personal services and shall not