Ownership Costs definition

Ownership Costs means all costs of ownership of the Hotel Deck and include, by way of illustration, but are not limited to: (i) the costs of designing and constructing the Hotel Deck (which are being paid by the City pursuant to that certain Owner-Developer Agreement (Lump Sum Agreement) of even date herewith between the City and Hotel Developer); (ii) interest on debt or amortization payments on any mortgage/deed of trust, or rent on any ground lease or other underlying lease; (iii) costs for which the City or the Corporation, as applicable, is reimbursed or has a right to reimbursement (either by an insurer, condemnor, or other person or entity); (iv) if paid by the City or the Corporation, costs for which the City or the Corporation, as applicable, is reimbursed or has a right to reimbursement under warranties provided to the City or the Corporation, as applicable, by contractors who have warranty obligations; (v) depreciation of the Hotel Deck; (vi) costs (including attorneys’ fees and costs) related to any sale, financing or refinancing of the Hotel Deck or incurred in connection with negotiations or disputes with purchasers, prospective purchasers, lenders and prospective lenders; (vii) capital expenditures, except to the extent of the amortized portion of costs of capital repairs and replacements included in the definition of Operating Expenses; (viii) federal and state taxes on income, death, estate or inheritance; or franchise taxes; (ix) after initial construction, the costs to bring the Hotel Deck into full compliance with all federal, state or local legal requirements, including the federal Americans with Disabilities Act; (x) subject to any warranty claims, the cost of curing any construction defects in the Hotel Deck; (xi) insurance deductibles that exceed commercially reasonable deductibles; (xii) costs incurred due to the uninsured negligence or willful misconduct of the City or the Corporation, as applicable, or the violation by the City or the Corporation, as applicable, of any applicable legal requirements; (xiii) costs of renting equipment for which the purchase cost (including any amortized portion of the purchase cost), if purchased, would not be included in Operating Expenses; and (xiv) costs paid or incurred in connection with any hazardous materials or hazardous substances present on or otherwise affecting the Hotel Deck as of the date of the completion of the subject portion of the Hotel Deck, including the costs any investigation or remediation ...
Sample 1Sample 2Sample 3
Ownership Costs means those costs incurred in relation to ownership of real and tangible personal property, including allowable interest, depreciation, taxes, insurance and normal maintenance.
Sample 1Sample 2
Ownership Costs means the costs of maintenance, utilities, property and building insurance, depreciation, amortization of leasehold improvements, rent, property taxes, interest and other related costs.
Sample 1Sample 2Sample 3

Examples of Ownership Costs in a sentence

  • The year used for the basis of the rates in the Schedule is indicated in the table entitled "Equipment Age Adjustment Factors for Ownership Costs." Idle or standby time will not be paid for fully depreciated equipment.

  • The City shall pay all Ownership Costs directly and the Hotel Developer shall have no obligation to pay or advance Ownership Costs.

  • In order to reduce Total Ownership Costs (TOC) the ship’s overall manning (not including embarked air wing and staffs) was reduced by 663 billets from current aircraft carrier requirements.

  • The City shall be solely responsible for the Ownership Costs and the Operating Expenses of the Hotel Deck in accordance with the following provisions of this Section 5.

  • Motions and/or responses that do not adhere to the time specifications will not be considered.

  • Percentage of household income spent on housing and transportation.Transportation Costs as a Percentage of Income* ESMPO*Household Transportation Costs are calculated as the sum of Auto Ownership Costs, Auto Use Costs, and Public Transit Costs.

  • Electric Vehicle Ownership Costs: Today’s Electric Vehicles Offer Big Savings for Consumers.

  • Balancing Cost, Schedule, System Performance, Sustainment, Quality, and Risk- In the same way that ownership cost goals must be balanced and harmonized, system solutions must be found that balance Total Ownership Costs against procurement cost goals, program schedule goals, system technical performance, equipment quality, ease of maintenance, and availability.

  • RERP will enable the C-5M to achieve wartime mission requirements by increasing fleet availability (mission capable rates and departure reliability), reducing Total Ownership Costs (TOC), and improving aircraft performance.

  • Ownership Costs for Conventional, Hybrid, and Electric Vehicles in 14 U.S. Cities.


More Definitions of Ownership Costs

Ownership Costs means those costs incurred by the Borrower owning such Eligible Property for the acquisition of the Eligible Property and achieving “Stabilization” (as hereinafter defined) of the Eligible Property, all as approved by Lender, in its sole discretion.
Sample 1Sample 2
Ownership Costs means all costs related to the ownership of the Residence as set out in clause 10.2 which are to be fully reimbursed by the Owner to the Operator in accordance with this Agreement;
Sample 1
Ownership Costs. The costs of ownership of the Ninth Avenue Terminal Shed, including but not limited to real property and possessory taxes, insurance and maintenance. Party: City and/or Developer, and Transferees, as applicable, determined as of the time in question. Person: An individual, partnership, limited liability company, firm, association, corporation, trust, governmental agency, administrative tribunal or other form of business or legal entity. Phase: A development phase of the Project as identified on Exhibit C. Port: The City of Oakland, a California charter city, acting by and through its Board of Port Commissioners. References in this Agreement to “City” shall not include the Port unless expressly so provided.
Sample 1
Ownership Costs means (i) depreciation of the Hotel, furnishings, fixtures and equipment; (ii) rental pursuant to a ground lease, if any, or any other lease payments; (iii) debt service (interest and principal) on any mortgage(s) encumbering the Lessee's leasehold estate or the Partnership's fee estate in the Hotel; (iv) property taxes and assessments; (v) amortization of pre-opening expenses; (vi) expenditures for capital replacements (to the extent actually capitalized rather than expensed); (vii) audit, legal and other professional or special fees; (viii) premiums for casualty insurance coverages specified in Exhibit "D" (ix) equipment rentals for capitalized leases; (x) administrative and general expenses and disbursements of Owners, including compensation of employees of Owners; (xi) Federal, State and local Franchise and Income Taxes; (xii) amortization of bond discounts and mortgage expenses; (xiii) such other costs or expenses which are normally treated as "Ownership Costs" under the standard accounting practices of Manager (which are in accordance with generally accepted accounting principles and are substantially similar to the Hotel and Motel Standard System of Accounts); (xiv) deposits into the Operating Deficit Account; and (xv) deposits into the Reserve Fund.
Sample 1
Ownership Costs means (i) depreciation of the Hotel, ----------------- furnishings, fixtures and equipment; (ii) rental pursuant to a ground lease, if any, or any other lease payments; (iii) debt service (interest and principal) on any mortgage(s) encumbering the Hotel, including the Financing Documents; (iv) property taxes and assessments; (v) amortization of preopening expenses; (vi) expenditures for capital replacements (to the extent actually capitalized rather than expensed); (vii) premiums for the insurance coverages specified in Exhibit "D"; (viii) equipment rentals for capitalized leases; (ix) administrative and general expenses and disbursements of Lessee, including compensation of employees of Lessee; (x) Federal, State and local Franchise and Income Taxes; (xi) amortization of bond discounts and mortgage expenses; (xii) such other costs or expenses which are normally treated as "Ownership Costs" under the standard GAAP accounting practices (which are in accordance with generally accepted accounting principles and are substantially similar to the Hotel and Motel Standard System of Accounts); (xiii) repayment of any Operating Deficit Advances; (xiv) deposits into the Reserve Fund; and (xv) payments of rent (base rent and percentage rent) due under the Participating Lease.
Sample 1

Related to Ownership Costs

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.30.

  • 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.

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).