Refurbishment Costs means, in respect of each Unit, all costs and expenses of the Generator, whether direct or indirect, of any nature or kind, incurred in connection with, arising from, or related to the Refurbishment Work of such Unit, determined on an accrual basis in accordance with GAAP, and including development, design, engineering, procurement, project management, construction, installation, hedging for currency relating solely to Refurbishment Costs and materials to be used in the Refurbishment Work (but, for certainty, not for speculative purposes), commissioning and inspection costs and expenses and, for greater certainty, One- Time Costs (if applicable), whether capitalized or expensed by the Generator, but excluding staff costs of employees of the Generator whose compensation has previously been included as staff costs for the purposes of determining Operating Costs, except to the extent that such employees have been replaced by one or more individuals performing substantially similar duties, and excluding other Operating Costs that would have been incurred at the same time such Refurbishment Work was undertaken irrespective of whether or not the Refurbishment Work was undertaken.

Refurbishment Costs means costs incurred to upgrade the Premises and return the Premises to original condition or convert food and beverage units to new concepts, including modernization/redesign by replacement of furnishings, fixtures and finishes and construction of improvements, costs of architectural design and engineering fees, outside project management, installation and preparation of all assets for their intended use, general contractors, sub-contractors, franchise fees, taxes, permits, insurance and construction bonds; but excluding the costs of interest during construction and the internal costs of Concessionaire’s employees.

Refurbishment Costs means the actual costs of refurbishing the unit (including fixtures and fittings) along with the Trust’s chattels to the same standard or the same condition as the unit or chattels were in at the commencement date, less fair wear and tear.  Representative means a person:

Examples of Refurbishment Costs in a sentence

In the event that the audit of Refurbishment Costs or Contract Price Adjustment establishes that any Refurbishment Costs or Asset Management Costs were improperly allocated, recorded or otherwise reflected in the Contract Price, then, subject to agreement of the Parties or resolution of the dispute pursuant to Section 18.2, the Contract Price shall be adjusted accordingly.

More Definitions of Refurbishment Costs

Refurbishment Costs has the meaning ascribed to it in Exhibit 3.5. “Refurbishment Costs Tables” has the meaning ascribed to it in Exhibit 3.5.

Refurbishment Costs means (a) the Eligible Delivered Costs but excluding (b) eighty five per cent. (85%) of the Contract Price and the Atradius Premium.

Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.
Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.
Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.
Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;