Service Expenditure definition

Service Expenditure means the expenditure defined in paragraph 2.5 of Part 5 of the Schedule;
Sample 1Sample 2
Service Expenditure means the total cost to the Landlord or the Service Company (as appropriate) of providing the Services calculated and payable in accordance with the provisions of the Seventh Schedule of this Lease
Sample 1Sample 2
Service Expenditure means the expenditure referred to in Part 6 of the Schedule under deduction of: 2.5.1 any costs, which would otherwise form part of the Service Expenditure, relating to the making good of any damage or destruction arising from an Insured Risk, save to the extent that:- 2.5.1.1 such costs fall within any normal and reasonable commercial excess provision under the relevant policy of insurance, or 2.5.1.2 the insurance monies are irrecoverable as a result of any act, neglect, default or omission on the part of the Tenant, or those for whom the Tenant is responsible at law and the Tenant has not paid to the Landlord in full, cleared funds the shortfall to the extent attributable to such act, neglect, default or omission; and 2.5.2 the Service Expenditure Exclusions;
Sample 1Sample 2

Examples of Service Expenditure in a sentence

  • This is a change from the previous requirement to present expenditure and income in accordance with the Service Expenditure Code of Practice (SERCOP).

  • The analysis of income and expenditure by service on the face of the Comprehensive Income and Expenditure Statement is that specified by the Service Expenditure Reporting Code of Practice.

  • When utilised, the payment is charged to Provisions and not to Service Expenditure.

  • There are a number of items that are reported to management as part of their service income and expenditure that are not included in Service Expenditure in the Comprehensive Income and Expenditure Statement (as required by generally accepted accounting practice).

  • Being a single purpose authority (i.e. to undertake the waste disposal functions set out in the Waste Regulation and Disposal (Authorities) Order 1985 made under the Local Government Act 1985 Section 10) the Income and Expenditure Account is not set out using the Service Expenditure Analysis but details the major areas of expenditure for the Authority.

  • The accounts are presented in the format required by the Service Reporting Code of Practice, in accordance with the Service Expenditure Analysis developed specifically for National Park Authorities.

  • Under current regulations these charges are not taken into account when setting the Council Tax and are deducted from the Net Service Expenditure used in the Central and other cases.

  • The accounts are presented in the format required by the Service Reporting Code of Practice (SeRCOP), in accordance with the Service Expenditure Analysis developed specifically for National Park Authorities.

  • However, when we bundle orders for multiple locations or multiple materials, we could argue that these ordering costs have to be shared among these locations and/or materials.

  • The breakdown broadly follows the CIPFA’s SeRCOP Service Expenditure Analysis.


More Definitions of Service Expenditure

Service Expenditure means the expenditure properly and reasonably incurred by the Landlords acting in accordance with the Principles of Good Estate Management in and about the provision of the services specified in Parts IX and X of this Schedule (subject to the exclusions contained in Clause 16 of Part IX of the Schedule and Clause 17 of Part X of the Schedule); and
Sample 1
Service Expenditure. (Car Park)" means in relation to any Year the whole costs, charges, liabilities and other expenditure properly incurred by the Landlord in or about the provision of the Services or otherwise in the performance of the obligations undertaken by the Landlord in Part 4 of the Schedule so far as relating to that part of the Car Park shown outlined in red and hatched black on the Site Plan (for as long as and to the extent that the same is used for private car parking); DECLARING THAT the Service Expenditure (Car Park) shall exclude to the intent that such excluded items of expenditure shall be the personal responsibility of the Landlord in questions with the Tenant, any expenditure or liability or other sum which, but for this proviso to this Part of the Schedule would fall within the definition of Service Expenditure (Car Park), but which:- (a) was incurred to remedy or arose directly or indirectly from damage or deterioration arising from:- (i) any of the Insured Risks save to the extent (i) that the Building Insurance shall have been rendered void or voidable or the payment of policy monies refused or withheld in whole or in part in consequence of any act or default on the part of the Tenant's foresaids and (ii) of any normal commercial excess under the Building Insurance; (ii) any negligent act or omission or any breach of contract by the Landlord or any other tenant or occupier of part of the Building or by their respective employees, servants, agents, contractors or others for whom they are responsible but only to the extent that they are so negligent or so in breach; (b) incurred in respect of (i) any rent reviews under leases of any Lettable Unit or (ii) the default of any other tenant of a Lettable Unit or other occupier of any part of the Building; (c) relate to any Lettable Unit within the Building which is unlet or unoccupied from time to time;
Sample 1
Service Expenditure all expenditure reasonably and properly incurred by the Landlord in providing all or any of the Services including the reasonable cost of employing managing agents and caretakers but excluding any expenditure on any part of the Building for which the Tenant or any other tenant shall be responsible or on any part of the Building which was designed or intended to be let but which is unlet from time to time during the Term
Sample 1
Service Expenditure means the whole costs and expenses properly and reasonably incurred by the Landlords during any Service Charge Year in respect of any and/or all of the following:-
Sample 1
Service Expenditure means the reasonable and properly incurred expenditure referred to in Part 7 of the Schedule under deduction of any costs, which would otherwise form part of the Service Expenditure, relating to the making good of any damage or destruction arising from an Insured Risk then covered under any policy or policies of insurance arranged in terms of these presents, save to the extent that (1) such costs fall within the excess provision under the relevant policy of insurance or (2) the insurance monies are irrecoverable as a result of any act, neglect, default or omission on the part of the Tenant, or the Tenant’s sub-tenants, employees, agents or others for whom the Tenant is responsible in law;
Sample 1
Service Expenditure means the reasonable and properly incurred expenditure referred to in Part 7 of the Schedule under deduction of any costs, which would otherwise form part of the Service Expenditure, relating to the making good of any damage or destruction arising from an Insured Risk then covered under any policy or policies of insurance arranged in terms of these presents, save to the extent that (1) such costs fall within the excess provision under the relevant policy of insurance, (providing that such costs are normal for such a commercial policy of insurance as provided for in Sub-Clause 6.2 hereof) or (2) the insurance monies are irrecoverable as a result of any act, neglect, default or omission on the part of the Tenant, or the Tenant’s sub- tenants, employees, agents or others for whom the Tenant is responsible in law;
Sample 1

Related to Service Expenditure

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant ("GAG") and Earmarked Annual Grant ("EAG").

  • Independent expenditure means an expenditure by a person:

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Eligible Expenditure means an expenditure described as eligible in Schedule B or deemed eligible by Canada in accordance with Section 4.2.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Capital Expenditure means expenditure on: a) the acquisition of land and buildings; b) the erection, enlargement, improvement or demolition of any building including fixed plant, installation, wall, fence or other structure, or any playground or hard standing;

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • 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.

  • Expenditures means payments and contracts for goods, services, and construction which may be acquired competitively and are not regulated by separate authority, and, where the department acts as the sole or primary contracting officer and has selective discretion as to the supplier, vendor, or contractor.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Approved Operating Expenses means Operating Expenses incurred by Borrower which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property, (iii) if applicable, are for property management fees payable to Manager under the Management Agreement, such amounts not to exceed three percent (3.0)% of the monthly Gross Revenue, (iv) or (v) have otherwise been approved by Lender.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Expenditure means the outlay of cash or the amount due and owing after receipt of goods or services included in the Scope of Work.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Qualifying Expenditure means, in respect of any Accounting Year or Accounting Half- Year, the aggregate of the costs, expenses and fees described in paragraph 1 of Annex 2 which are incurred during that Accounting Year or Accounting Half-Year, calculated in accordance with paragraphs 2 and 3 of Annex 2;

  • Emergency Expenditure means any of the Eligible Expenditures set forth in the CERC Operations Manual in accordance with the provisions of Section I.G of Schedule 2 to this Agreement and required for the activities included in the CERC Part of the Project.

  • Ineligible Expenditures means those expenditures described as ineligible in Schedule C or deemed ineligible by Canada in accordance with Section 4.2.

  • Annual Operating Expenses for the Class means and will consist only of the following operating expenses of the Series for the Class that are, under generally accepted accounting principles, accruable and deductible from the Series’ assets with respect to the Class for the period involved: (i) investment advisory fees, if any; (ii) Rule 12b-1 distribution fees, if any; and (iii) custodian fees, shareholder servicing fees, administrative and office facilities expenses, professional fees, trustees' fees and any other operating expenses of the Series with respect to the Class that are recorded or includable in the Series' statement of operations in accordance with generally accepted accounting principles. Notwithstanding the provisions of the immediately preceding sentence, the Series' “Annual Operating Expenses” for the Class do not include “acquired fund expenses”, interest and dividends on securities sold short, amortization of organization expenses, taxes, brokerage commissions, litigation and indemnification expenses or any costs or expenses of or for the Series with respect to the Class that are "extraordinary" as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). Very truly yours, ROYCE & ASSOCIATES, LP By: /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx Chief Financial Officer THE ROYCE FUND By: /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx Treasurer April 29, 2024 The Royce Fund 000 Xxxxx Xxxxxx New York, NY 10151 Gentlemen: Reference is made to the Investment Advisory Agreement dated July 31, 2020 (the “Agreement”), by and between The Royce Fund (the “Fund”), on behalf of Xxxxx Total Return Fund (the “Series”), and Royce & Associates, LP (the “Adviser”). Notwithstanding the provisions of Section 4 (Compensation of the Adviser) of the Agreement, the Adviser hereby waives compensation for services it provides under the Agreement for the period beginning May 1, 2024, and ending April 30, 2025 (the “Period”), and/or agrees to reimburse expenses relating to the Period to the Series with respect to its Service Class of shares (the “Class”) in an amount, if any, necessary so that the Series’ “Annual Operating Expenses” for the Class are not more than 1.49% of the Class’s average net assets for the Period. The Adviser's obligations to reimburse the Series with respect to the Class hereunder will not apply for any period when the Adviser is not rendering services to such Series under the Agreement.

  • Capitalized Software Expenditures means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted Subsidiaries during such period in respect of purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person and its Restricted Subsidiaries.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • asset renewal expenditure means expenditure on an existing asset or on replacing an existing asset that returns the service capability of the asset to its original capability

  • Uncovered expenditures means the costs to the health maintenance organization for health care services that are the obligation of the health maintenance organization, for which an enrollee may also be liable in the event of the health maintenance organization's insolvency and for which no alternative arrangements have been made that are acceptable to the commissioner.

  • Excluded Expenditure means any expenditure: (a) for goods or services supplied under a contract which any national or international financing institution or agency other than the Association or the Bank has financed or agreed to finance, or which the Association or the Bank has financed or agreed to finance under another credit, grant or loan; (b) for goods included in the following groups or sub-groups of the Standard International Trade Classification, Revision 3 (SITC, Rev.3), published by the United Nations in Statistical Papers, Series M, No. 34/Rev.3 (1986) (the SITC), or any successor groups or subgroups under future revisions to the SITC, as designated by the Association by notice to the Recipient: Group Sub-group Description of Item 112 Alcoholic beverages 121 Tobacco, un-manufactured, tobacco refuse 122 Tobacco, manufactured (whether or not containing tobacco substitutes) 525 Radioactive and associated materials 667 Pearls, precious and semiprecious stones, unworked or worked 718 718.7 Nuclear reactors, and parts thereof; fuel elements (cartridges), non-irradiated, for nuclear reactors 728 728.43 Tobacco processing machinery 897 897.3 Jewelry of gold, silver or platinum group metals (except watches and watch cases) and goldsmiths’ or silversmiths’ wares (including set gems) 971 Gold, non-monetary (excluding gold ores and concentrates) (c) for goods intended for a military or paramilitary purpose or for luxury consumption; (d) for environmentally hazardous goods, the manufacture, use or import of which is prohibited under the laws of the Recipient or international agreements to which the Recipient is a party; (e) on account of any payment prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations; and (f) with respect to which the Association determines that corrupt, fraudulent, collusive or coercive practices were engaged in by representatives of the Recipient or other recipient of the Financing proceeds, without the Recipient (or other such recipient) having taken timely and appropriate action satisfactory to the Association to address such practices when they occur.