Renewal Costs definition

Renewal Costs shall have the meaning ascribed in article17.7;
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Renewal Costs means the expenditures from reserve funds or other funds to overcome physical and/or functional consumption of plant capacity or function or obsolescence of same, in order that the equivalent in function of the plant is present at the end of the anticipated useful life.
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Renewal Costs means in respect of each item of Renewal Work, the cost of carrying out that item of the Renewal Works referred to in Part 22 (Handback);
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Examples of Renewal Costs in a sentence

  • The Renewal Costs displayed in the IPRIS Client Portal include the fee for IPRIS Services as stated in Annex 4.

  • IPRIS will display to A&M System through the IPRIS Client Portal the Renewal Costs of the Single IPRs becoming due the earliest 6 months before the official payment due date.

  • The displayed Renewal Costs are subject to daily changes due to currency exchange fluctuations, changes of the official fees or any third party costs including bank transfer charges.

  • After A&M System has instructed IPRIS to pay the renewal fee, the Renewal Costs – as defined in Art 1.10 but excluding v) the fee for IPRIS Services - will only be adjusted in case of material changes of those components of the Renewal Costs which are beyond IPRIS control.

  • The Renewal Costs will be invoiced by IPRIS (i) for renewals governed by Manual Instructions upon instruction by A&M System to make one or more renewal payment via the IPRIS Client Portal and (ii) for renewals governed by Autorenew monthly for all renewals listed on the Monthly List, less the renewals for which A&M System has given timely written instructions not to make the renewal payment.

  • IPRIS will display via the IPRIS Client Portal all Intellectual Property Rights with renewal data such as renewal years, renewal dates and Renewal Costs for all listed Single IPRs of A&M System.


More Definitions of Renewal Costs

Renewal Costs means the total costs to renew a Single IPR in one country that consist of and include (i) the official fees and possible surplus fees as set forth by the country specific patent office, (ii) any third party costs as e.g. local agency and/or representatives, (iii) bank costs, (iv)cost for foreign currency exchange and (v) the fee for IPRIS Services.
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