Project Start-up Costs definition

Project Start-up Costs means the costs and expenses incurred by the Shareholders that are directly associated with the development and establishment of the Company, including without limitation (i) costs incurred in connection with transporting the Trico Vessels to locations in the Territory and in connection with dry docking, class inspection and re-flagging of such vessels, (ii) legal consulting fees, (iii) financial consulting fees, (iv) engineering consulting fees, (v) due diligence costs and expenses, and (vi) working group operating expenses, such as office rent and equipment, travel, telecommunication costs, salaries and other expenses.
View Source

Examples of Project Start-up Costs in a sentence

  • All Project Start-up Costs shall be borne by the Major Shareholders in proportion to their respective percentage ownership interest in the Company, and the consent of the Project Start-up Team shall be required in order to pay Project Start-up Costs from such jointly administered expense account.

  • All Project Start-up Costs incurred by any of the Major Shareholders from the date of execution of this Agreement shall be capitalized and treated as part of the Company start-up costs upon approval of the Directors at the inaugural meeting of the Board.

  • Upon execution of this Agreement, the Major Shareholders shall each contribute funds into an expense account in order to fund Project Start-up Costs incurred after the execution of this Agreement in accordance with a budget to be proposed by the Project Start-up Team.