Retrofit Costs definition

Retrofit Costs are the sum of (i) the price for the Work; (ii) interest and other direct fees for financing required to be made by Customer pursuant to the Financing Document; and (iii) the payments required to be made by Customer for the M&V Services.
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Retrofit Costs means the costs of the Retrofit, including all costs and fees related to design and engineering services, the procurement of equipment, construction, permitting, biocatalyst development, Facility Improvements, Facility Payments (it being understood that during the Retrofit Phase, Facility Payments will be made solely to the extent incurred pursuant to Section 2.1(a)(ii) of the Joint Venture Agreement) and all of Gevo’s expenses which are directly allocable to the Retrofit.
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Retrofit Costs has the meaning specified in Section 2.1(a).
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Examples of Retrofit Costs in a sentence

  • Promptly following Our request You shall provide copies of invoices (received) and promptly following Our reasonable request specific reports on the Agri-Energy Retrofit Costs.

  • In addition, until such time as the Performance Level equals 100%, Gevo Development shall receive a credit in the capital contribution account of its Class G Units for the full amount of any Retrofit Costs borne by Gevo Development during the Operational Phase.

  • Staff’s estimate of the average costs for purchase and installation of a VDECS retrofit, as well as the cost differential are shown in Table V-1.Table V-1: Estimated Average VDECS Retrofit Costs by Equipment Type (2010 Dollars) 1.

  • The Guaranteed Savings and the Annual Scheduled Savings are set forth in the table below (such table, the “Schedule of Guaranteed Savings”): Provided however, that, notwithstanding the above, in no event shall the Guaranteed Savings exceed the total Retrofit Costs over the Guaranteed Term.

  • Within forty-five (45) days after the end of each fiscal quarter, You will provide Us with a summary statement of the amount of the Agri-Energy Retrofit Costs for which You have incurred through such quarter along with an updated summary projection of Agri-Energy Retrofit Costs, such certificate to be executed by officer of You.

  • Briefly describe the efficiency measure and where it is to be installed—e.g., “Replace four 20-ton package AC units on office annex,” or “Upgrade 50-hp air compressor used for process air in assembly facility.”SPC Retrofit Costs.

  • In addition, until such time as the Performance Level equals 100%, Gevo’s Capital Account shall be credited with additional amounts equal to any Retrofit Costs borne by Gevo during the Gevo Economic Period.

  • Endogeneity of Retrofit Costs The retrofit options available in period 2 are likely to follow at least in part from technology developments over period 1, and these may in turn be influenced by R&D efforts.

  • The Department may retest all materials that have been accepted at the source of supply after delivery and will reject those that do not conform to the requirements of the Specifications.

  • These cost estimates which include construction costs, relocation costs and the usual soft costs (architectural and engineering fees and others) are shown in Table 14.Table 14Estimated Typical Retrofit Costs per Square Foot2 URM ClassUpgrade StandardConstruction CostPer Square Foot The cost estimates for Classes 1 to 3 were based on FEMA 1568 updated to 2016 values based on historical construction costs indices.

Related to Retrofit Costs

  • Direct Costs means the sum of the following:

  • 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.

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • 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;