PDP Fees definition

PDP Fees means, based on the fee schedule set forth in Exhibit B, all of the fees, costs and expenses that have been incurred by Syntroleum and are associated with Syntroleum’s development of the Process Design Package, including: (a) all man hours spent by Syntroleum personnel in developing the Process Design Package, including: (i) all man hours spent engaging, working with and managing all third party contractors, including all independent third party engineering contractors (selected by Syntroleum and reasonably acceptable to Licensee); (ii) all man hours spent working with Licensee and its representatives; and (iii) all man hours spent traveling; (b) all third party costs and expenses; and (c) all other fees, costs and expenses described on Exhibit B.
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Examples of PDP Fees in a sentence

  • The PDP shall be entitled to submit its statement for payment of such amount of PDP Fees and Reimbursables plus GST (if any) monthly and shall be supported by complete documentary evidence for such payment to enable the Employer to determine the sum due to the PDP.

  • In consideration for the provision of the Services, the Employer shall pay to MRCB Builders the provisional PDP Fees, which represents 5% of the development cost of the Project (as detailed in Section 2.2 of this Announcement), GST and the Reimbursables.

  • In addition to the deductions or withholding under Section 2.5.5 of this Announcement and/ or the relevant provisions set out in the PDP Agreement, the Employer shall be entitled to withhold any amount or part thereof stated in any WPC Payment Certificate (except in relation to the portion relating to the PDP Fees) in relation to which there is a dispute whether the paid amount is the amount properly due and payable.

  • Based on the provisional PDP Fees and the Reimbursables, the highest percentage ratio for the Proposed PDP Contract pursuant to Paragraph 10.02(g) of the Listing Requirements is 7.77% based on the latest audited financial statements of MRCB for the financial year ended 31 December 2015.