PFA Operating Costs definition

PFA Operating Costs means, in respect of any PFA Accounting Period or part thereof, the total expenditure properly incurred or accrued by EPFAL in such PFA Accounting Period or (as the case may be) the relevant part thereof in respect of:-
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Examples of PFA Operating Costs in a sentence

  • The costs of all such maintenance arrangements shall be borne by EPFAL and recovered by it as part of the PFA Operating Costs in accordance with this Schedule.

  • In consideration of the carrying out by EPFAL of its duties and responsibilities as the Pool Funds Administrator as set out in the Agreement and the Agreed Procedures (other than in respect of those matters for which EPFAL is or will be compensated through the recovery of the PFA Operating Costs in accordance with this Schedule) EPFAL shall be paid an annual fee as the Pool Funds Administrator (the "Annual Fee") calculated in accordance with the following provisions of this Section 8.

  • If, during any PFA Accounting Period, the Pool Funds Administrator reasonably believes that any of the category of services within the definition of PFA Operating Costs are likely to exceed the amount of that expenditure for that category or sub-category or other items of cost provided for in the PFA Budget by more than 5 per cent., the Pool Funds Administrator shall notify the Executive Committee accordingly and explain the reasons for the increase.

  • For the purposes of any Review Report, EPFAL shall permit the Consultants access to the Funds Transfer Hardware, the Funds Transfer Software and all data used by EPFAL in the operation of the Funds Transfer System and to such of its company books, accounts and vouchers as relate to any of the items or categories of expenditure which make up the PFA Operating Costs and as are necessary for the performance of the Quality of Service Review.