Recurring Expenses definition
Examples of Recurring Expenses in a sentence
ADYPU will be responsible for Recurring Expenses, utilities, CENTRE Office Supplies, CENTRE office expenses, Maintenance of CENTRE, Liability Insurance, Miscellaneous, etc.
In the event that the Property is sold prior to the payment by City of all such funds to the City Escrow, after payment by and reimbursement of Initiatives from the City Escrow of all Reimbursable Expenses and Costs and Recurring Expenses, City may discontinue such payments to the City Escrow.
In the event that all structures are properly demolished, as determined by agreement of Initiatives and City, and prior to the payment by City of all such funds to the City Escrow, City shall be required to pay to the City Escrow only such funds as are necessary for payment by and reimbursement of Initiatives from the City Escrow of all Reimbursable Expenses and Costs and Recurring Expenses, pursuant to statements provided by Initiatives to City.
In the case of this subparagraph (a), the designation of one or more such expenses or savings as Unanticipated Recurring Expenses or Unanticipated Recurring Savings shall be made as of the end of the applicable year in which such expenses are incurred or savings are realized.
In the event prior to the payment by City of all such funds to the City Escrow, sufficient funds are received from grants or funds from sources other than the parties to this Agreement or Dubuque County for Demolition Costs, City shall be required to pay to the City Escrow only such funds as are necessary for payment by and reimbursement of Initiatives from the City Escrow of all Reimbursable Expenses and Costs and Recurring Expenses, pursuant to statements provided by Initiatives to City.
Non Recurring Expenses (NRE) Tooling and manufacturing fixtures to be determined (TBD) and will be based upon final design and manufacturing requirements.
The Residency Payment is the monthly payment equal to the Rent Equivalent (including the Monthly Equity Boost), less Ownership Savings, plus Co-financing Interest, plus Property Expenses, plus Common Area Expenses, plus Recurring Expenses.
Recurring Expenses may increase (decrease) from time to time based on factors beyond the control of Owner.