Projected Operating Costs definition

Projected Operating Costs means, for any period and as set forth in the applicable Banking Case (or Exceptional Banking Case), all operating costs projected to be incurred by the Borrowers during such period from the exploitation of the Borrowing Base Assets. “Projected Operating Costs” shall include (without duplication) sales, general and administrative costs, transportation tariffs, taxes, royalties, Non-Discretionary Capital Expenditure and any other Capital Expenditure approved by the Technical Bank, abandonment and decommissioning costs, expenses necessary to comply with the Hydrocarbon Licences relating to the Borrowing Base Assets and all other operating costs (whether fixed or variable); provided that all non-Dollar denominated operating costs will be converted to a Dollar Equivalent by the Technical Agent using, at its discretion, either the Spot Rate or the economic assumptions used as part of the Banking Case re-determination process.

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Projected Operating Costs shall include (without duplication) sales, general and administrative costs, transportation tariffs, taxes, royalties, Non-Discretionary Capital Expenditure and any other Capital Expenditure approved by the Technical Bank, abandonment and decommissioning costs, expenses necessary to comply with the Hydrocarbon Licences relating to the Borrowing Base Assets and all other operating costs (whether fixed or variable); provided that all non-Dollar denominated operating costs will be converted to a Dollar Equivalent by the Technical Agent using, at its discretion, either the Spot Rate or the economic assumptions used as part of the Banking Case re-determination process.

Projected Operating Costs means the anticipated total operating costs of the DBFO Co in performing all of its obligations under this Agreement (including, without limitation, complying with the O&M Requirements and the Handback Requirements) in respect of each Contract Year (or part of a Contract Year) during the Determination Period, based on the assumptions that:

Examples of Projected Operating Costs in a sentence

If at any time during the Lease Term, Landlord determines that the Projected Operating Costs attributable to the Leased Premises during any calendar year are anticipated to be in excess of the last Projected Operating Costs submitted to Tenant, Landlord may provide Tenant with a revised summary of Projected Operating Costs for such calendar year and advise Tenant of the sum by which Projected Operating Costs exceed the last Projected Operating Costs submitted to Tenant.
If the Operating Costs for the Leased Premises for any calendar year exceed the Operating Stop, but are less than the total of the Operating Stop and all additional payments of Projected Operating Costs for such calendar year, Landlord shall credit such excess against any unpaid Rent then due hereunder, but if none, at Tenant's option, Landlord shall either refund to Tenant the amount of any excess payment of Rent, or credit such excess against the next maturing installment of Rent due hereunder.
In such event, Tenant shall pay to Landlord monthly during such calendar year as Additional Rent, a sum equal to one-twelfth (1/12) of the sum by which the Projected Operating Costs, as reflected in the revised summary, exceed the last Projected Operating Costs submitted to Tenant.
If the Operating Costs for the Leased Premises for any calendar year exceed the total of the Operating Stop and all additional payments of Projected Operating Costs for such calendar year, such excess shall be due in a lump sum as Additional Rent within ten (10) days after receipt of Landlord's statement therefor.
If the FSMC will operate the SFSP (including the preparation, record keeping, and delivery of meals), a flat price per meal cost must be submitted as part of this RFP for the SFSP (Attachment SFSP1, SFSP Projected Operating Costs).

More Definitions of Projected Operating Costs

Projected Operating Costs means £1 million in respect of the Financial Year ending in December 2014 and, in respect of each subsequent Financial Year, £1 million x CPI or, where the Relevant Financial Period encapsulates more than one Financial Year, the weighted average for those Financial Years (pro-rated to reflect the actual

Projected Operating Costs has the meaning set forth in the Exclusive ------------------------- Subcontracting Agreement.

Projected Operating Costs means, for any period, the total amounts projected to be expended during such period for operation and maintenance of the Facility including, without limitation, taxes (including federal income taxes), premiums for Insurance Policies, contributions to the Maintenance Reserve Account, fuel costs projected for such period and the Operator Fee pursuant to the O&M Contract. Projected Operating Costs does not include actual Debt Service or Projected Debt Service.

Projected Operating Costs means, for any period, all Operating Costs expected to become due and payable during such period other than costs expected to be paid or reimbursed from the proceeds of property insurance or Expropriation Compensation.

Projected Operating Costs for any calendar year shall mean Landlord’s estimate of projected Operating Costs for such calendar year.

Projected Operating Costs is amended by adding the words "(other than the Subordinated Fuel Component)" immediately after the words "fuel costs" in the sixth line of such definition, and (ii) by adding the words "or the Subordinated Fuel Component" immediately prior to the period at the end of the last sentence of such definition.