Retained Costs definition

Retained Costs means the mutually agreed portion of the Baseline Charges reflecting the costs to [***]* between Client and Service Provider, and as described in Section 4.1.1 below, as such costs are identified as of the Effective Date in Appendix C-4 of this Schedule and subject to adjustment as set forth herein.
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Retained Costs for use in the Actuary's Letter means a sum equal to 2 1/4 per cent. per annum of the total Salaries of Employees who are Transferring Members during the Participation Period (pro rated to the period of participation);
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Retained Costs shall have the meaning set forth in Section 18.02.
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Examples of Retained Costs in a sentence

  • The Target Cost shall not include amounts for Owner’s Retained Costs, Owner’s Contingency or the costs of land, rights of way, financing or other items for which Owner is responsible.

  • For illustration purposes only, Attachment 10.1.1 hereto (Estimated Retained Costs) sets forth an estimate of the Retained Costs of the Commonwealth by Contract Year.

  • The calculation of the actual Retained Costs of the Commonwealth will vary in actual amount from month to month.

  • The Expected Cost shall not include amounts for Owner’s Retained Costs, Owner’s Contingency or the costs of land, rights of way, financing or other items for which Owner is responsible.

  • During the Target Value Design process, the initial Core Group will continue to study and confirm the Owner’s Retained Costs and apply the principles of Lean Project Delivery to those costs and determine if any portion of those costs can be added to Owner’s Contingency.

  • It also sets out the obligations of the Service Provider for payments of amounts owing to the Client for Retained Costs, Service Credits and other payments.

  • Throughout the administration of this Agreement, the Core Group will review the Owner’s Retained Costs and assist the Owner in identifying cost savings opportunities to maximize the value for the Project.

  • None of the Allowable Cost, the EMP or the estimate of Owner’s Retained Costs or Owner’s Contingency, is a guaranteed maximum price.

  • Such examinations, audits and verifications, if required by Owner, will be performed by Owner's accountants acting in the sole interest of Owner and the cost of such examinations, audits and verifications shall be treated as Owner’s Retained Costs.

  • The monthly Baseline Charges will not change as a result of the decrease of Retained Costs.


More Definitions of Retained Costs

Retained Costs means costs that will remain the responsibility of Cadiz under the various agreements to implement the Project, including the Facility Lease and the Water Lease, which will not be recovered by Cadiz from SMWD or FVMWC, including: (a) All professional fees and costs associated with any private or regulatory challenge to the Project or the right of Cadiz to convey, transfer or lease the Project Water, Project Storage or Project Facilities in connection with the Project, including the indemnity obligations of Cadiz and FVMWC under the Reimbursement Agreements; (b) All costs of implementing mitigation measures required in connection with the Project during the entire Project term, including the implementation of the GMMMP and any agreement or settlement entered into between Cadiz and any third party; (c) Prior to the Commencement Date, (i) the cost of funding an escrow account for FVMWC to provide field staff, data collection and reporting as necessary for compliance with the GMMMP, as well as the costs incurred by FVWA, SMWD and the County to oversee compliance with the Project EIR and the GMMMP as contemplated in this Agreement and the Reimbursement Agreements; and (ii) all administrative costs and expenses incurred by SMWD in connection with carrying out its responsibilities in connection with the Project (including a reasonable allocation and reimbursement for the time of SMWD staff), whether or not such costs are expressly subject to reimbursement under the Reimbursement Agreements; (d) A proportional share of the Capital Recovery Charge and the Fixed O&M Costs to the extent that the Total Annual Project Allotment of Project Water is reduced or curtailed for any reason, including reduced deliveries as a result of mitigation requirements, it being understood that SMWD and the Project Participants are agreeing to pay the Capital Recovery Charge and the Fixed O&M Costs on an AF basis spread over the entire 50,000 AF of Project Water with Cadiz responsible for the per AF cost with respect to the total amount of any reduction or curtailment; (e) Cadiz’s responsibility for SMWD’s portion of the Fixed O&M Costs which are related to capital repair and replacement during the first ten (10) years of the Facility Lease, pursuant to Section 9.3.1; and (f) Any increase in Administrative Costs of FVMWC as a direct result of regulatory or reporting requirements of Cadiz as a public company.
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Retained Costs means those actual costs incurred by the Commonwealth for Microsoft educational licenses, voice network charges, and data network charges identified in Attachment 10.1.4-A under the heading “Included in VITA Retained.” In any given Contract Year, the Retained Costs of the Commonwealth for the purposes of calculating the Overall Fee Limitation will not exceed thirty- five million, four hundred thousand dollars (“ the Retained Cost Limitation”). The Parties acknowledge that the Retained Costs are likely to vary based on the implementation of VoIP services, the schedule for which is represented in the baseline adjustments reflected in Attachment 10.1.4-A. Actual VoIP implementation schedule changes will result in adjustments to the applicable Retained Cost Limitation if memorialized in accordance with Section 27.5 of the Agreement. For purposes of calculating the Overall Fee Limitation, increases in VoIP Fees resulting from said implementations will be offset by an equal corresponding decrease in the applicable Retained Cost Limitation. The Commonwealth shall notify Vendor in writing at least ninety days in advance of terminating a Retained Contract that Vendor is utilizing to provide Services to Eligible Customers. The Commonwealth and Vendor must amend the Agreement in accordance with Section 27.5 in the event the Parties agree that a Service being provided through a Retained Contract will be provided by Vendor; and such amendment must document the reductions to the Retained Cost Limitation and the corresponding change to the application of the Overall Fee Limitation, which corresponding change, unless otherwise agreed in accordance with Section 27.5, shall be reflected as an increase in the prices listed in Attachment 10.1.5 equal to the absolute value of the reduction to the current and future Retained Cost Limitations. The Parties shall separately monitor Retained Cost reductions directly caused by Eligible Customer implementation of Vendor’s VoIP solution. Any savings that the Parties mutually agree are realized by the reduction of voice network charges in the Retained Costs will be shared according to the following schedule: (a) For the first year following any VoIP implementation, the Commonwealth shall realize 60% of such savings and Vendor shall realize 40% of any such savings; (b) for the second year following any VoIP implementation, the Commonwealth shall realize 70% of such savings and Vendor shall realize 30% of such savings; (c) for the third ...
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Retained Costs means that part of the Interim Period Pension Contributions relating to the notional cost borne by PowerGen's Scheme in providing benefits payable on death in service during the Interim Period which is attributable to the Transferring Members being 0.74% of Pensionable Salaries (as defined in PowerGen's Scheme); Rules means the trust deeds, rules and other documents governing PowerGen's Scheme, as from time to time amended;
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Related to Retained Costs

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Related Costs means lodging and, if necessary, physical protection for the Covered Person during or while waiting for Transport to the Nearest Place of Safety. Related Costs will include temporary lodging, if necessary, while a Covered Person is waiting to be transported back to the Host Country, Home Country or other country where the Policyholder that sponsored the Covered Person’s Trip is located. Benefits will not be payable for Related Costs unless We (or Our authorized assistance provider) authorize in writing, or by an authorized electronic or telephonic means, all expenses in advance, and services are rendered by Our assistance provider.

  • Recovered Costs means any amounts referred to in clauses (d) and/or (e) of the definition of “Defaulted Mortgage Loan Purchase Price” that, at the time of determination, had been previously paid or reimbursed to any Servicer from sources other than collections on or in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation, from collections on or in respect of loans other than the Mortgage Loan).

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Remediation Costs means the cost of any action taken to reduce the concentration of contaminants on, in or under the Eligible Property to permit a record of site condition to be filed in the Environmental Site Registry under section 168.4 of the Environmental Protection Act and the cost of complying with any certificate of property use issued under section 168.6 of the Environmental Protection Act, as further specified in the CIP.

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Indemnified Costs has the meaning specified in Section 8.05(a).

  • Excluded Expenses means any costs, fees or expenses of the Company or any Company Subsidiary arising out of or relating to any dispute with the Shareholder Representative or otherwise with respect to the terms of this Agreement.

  • Direct Costs means the sum of the following:

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Company Expenses has the meaning provided in Section 8.3.

  • 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.

  • Estimated Costs means costs estimated by the Authority as likely to be:

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • Attorneys’ Fees and Costs means: (i) fees and out of pocket costs of Lender’s and Loan Servicer’s attorneys, as applicable, including costs of Lender’s and Loan Servicer’s in-house counsel, support staff costs, costs of preparing for litigation, computerized research, telephone and facsimile transmission expenses, mileage, deposition costs, postage, duplicating, process service, videotaping and similar costs and expenses; (ii) costs and fees of expert witnesses, including appraisers; (iii) investigatory fees; and (iv) costs for any opinion required by Lender pursuant to the terms of the Loan Documents.

  • Third Party Costs means all such third party costs (including legal and other professional fees) in respect of each service as a Party reasonably and properly incurs in the proper performance of its obligations under this Agreement and as agreed by the Partnership Board.

  • Litigation Costs means all reasonable costs, charges, expenses, including attorneys', accountants' and expert witnesses' fees, and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), obtaining or attempting to obtain a settlement, being a witness in, or participating in or preparing to defend, be a witness in, or participate in, any Proceeding and any appeal therefrom and the cost of appeal, attachment and similar bonds.

  • Hard Costs means and includes building Acquisition costs, Site Work costs and Construction and Rehab costs, as shown in the Applicant’s properly completed UniApp, Section C, Uses of Funds.

  • Questioned Costs means a cost that is questioned by the auditor because of an audit finding which resulted from a violation or possible violation of a statute, regulation, or the terms and conditions of a Federal award, including for funds used to match Federal funds; where the costs, at the time of the audit, are not supported by adequate documentation; or where the costs incurred appear unreasonable and do not reflect the actions a prudent person would take in the circumstances. (2 CFR 200.84 and 45 CFR 75.2).

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Basic generation service transition costs means the amount by

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • Indemnification Expenses shall have the meaning set forth in Section 6.11(a).

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.