Residual Costs definition

Residual Costs means all documented internal or third-party costs, fees and expenses of Provider or any member of its Group, including migration, transition or service exit costs, actually incurred by Provider (i) that arise as a direct result of the early termination of any applicable Service Period in accordance with Section 2.04 or a reduction in Services or any applicable Service Levels by Recipient in accordance with Section 2.05, (ii) that do not constitute part of the Service Fees or expenses of an applicable Service as set forth in the Schedules, (iii) that Provider and the applicable members of its Group cannot reasonably eliminate, obtain a refund for or obtain a reduction for as a result of the early termination of any applicable Service Period in accordance with Section 2.04 or the reduction in any Service or any applicable Service Levels in accordance with Section 2.05, and (iv) to the extent the resources obtained as a result of such costs, fees and expenses cannot reasonably be allocated for equal or greater consideration to the provision of other Services for Recipient or any member of its Group or, at the Provider’s election acting in good faith, for the business of Provider or the members of its Group.

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Residual Costs means internal and third party costs, fees and expenses of the Service Provider that arise as a result of the early termination of the applicable Service.

Residual Costs. - means all costs, fees and expenses accruing to Pioneer as a result of the termination of any Service(s). Examples of Residual Costs include the cost of employees used to provide Service(s), fees and expenses for "take or pay" type commitments, buy-out of leased equipment, a pro rata portion of any termination fees and a pro rata portion of contractual minimum payments.

Examples of Residual Costs in a sentence

The annual allocation of the Departmental Executive’s Costs and the Departmental Residual Costs allocated to the Company will be based on each Corporate Department head’s annual estimate, made using commercially reasonable judgment, of the time to be spent by the Corporate Department’s executives providing the Services for the Company during the year (such allocation, the “Executive’s Percentage”).
The Departmental Residual Costs allocated to the Company will be the sum of the products obtained by multiplying each Corporate Department’s Departmental Residual Costs by the ratio of its total Departmental Executive Costs allocated to the Company to its total Departmental Executive Costs.
Notwithstanding anything to the contrary contained herein, termination of this Agreement or any SLA shall not affect S&W's obligation to pay any amount then owed to Pioneer (and amounts that become due and payable pursuant to the terms hereof after the applicable termination date) or a third party hereunder, including any Residual Costs or any fees charged by third parties in connection with such termination of any Service.
In the event that Recipient terminates its obligations with respect to any Shared Facility and vacates any such Shared Facility in accordance with ‎Section 2.04, Recipient shall only be responsible for its pro rata portion of the Rental Costs relating to such Shared Facility through the date of such termination; provided that Recipient shall be responsible for any Residual Costs incurred by reason of such termination.
In the event that Recipient terminates its obligations with respect to any Shared Facility and vacates any such Shared Facility in accordance with Section 2.04, Recipient shall only be responsible for its pro rata portion of the Rental Costs relating to such Shared Facility through the date of such termination; provided that Recipient shall be responsible for any Residual Costs incurred by reason of such termination.
In addition to the Annual Rate Adjustment, on each anniversary of the Effective Date of this Agreement, Company shall evaluate, and adjust, if needed, the Recycling Processing Charge based on any changes in Commodity Sales, Processing Rates and/or Residual Costs.
Upon conclusion of the Term of this Agreement, or upon any early termination, CO-OP Network will pay OSS a Residual Costs Fee, which is intended to cover unabsorbed setup costs associated with adding new Subscribers towards the end of the service, in the amount specified in Schedule F.
Upon the termination of any specific Service, S&W shall pay to Pioneer all Residual Costs associated with the termination of such Service.
In case a Party has - upon specific request of the other Party terminating this Agreement partially or entirely - made investments with regard to operations rendering Services to the other Party which it would not have made without such request, such other Party shall bear 100% of any Residual Costs after termination, until such Residual Costs have been completely reimbursed.
On February 1st of each year, Republic shall evaluate, and adjust if needed, the Recycling Processing Charge based on any changes in Commodity Sales, Processing Rates and/or Residual Costs.

More Definitions of Residual Costs

Residual Costs means SDAD's [*] Costs as of the Effective Date (less the reimbursement [*] Costs paid by CT under Section 6.1 and the purchase price of [*] Equipment paid by CT under Section 6.2) and any future [*] Costs acquired by mutual agreement after the Effective Date (such as to expand capacity or develop new Products). The Transition Plan includes a [*] for the [*] departments and estimated [*] for those departments [*]. The parties will update this Schedule as additional agreed-upon Residual [*] Costs are acquired.

Residual Costs means all costs, fees and expenses accruing to Pioneer as a result of the termination of any Service(s). Examples of Residual Costs include the cost of employees used to provide Service(s), fees and expenses for "take or pay" type commitments, buy-out of leased equipment, a pro rata portion of any termination fees and a pro rata portion of contractual minimum payments.