System expenses definition

System expenses means the usage fees and the fees for providing technology support and upgrading the system paid to Party B from Party A pursuant to this Agreement.
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System expenses means all payments arising out of, concerning or related to the System made by or on behalf of Tenant for operating charges, costs, expenses and fees (including, without limitation, those for personnel, consultants, legal and accounting fees, taxes, insurance, and operating costs and expenses, and a management fee that shall not exceed five percent [5%] of the Income), costs of capital improvements, repairs, replacements and other capital costs and expenses, contingent liabilities, but not including, and specifically excluding, amounts deposited into reserves and also all Debt Expenses. Finally, the term “Debt Expenses” means all payments made by or on behalf of Tenant for debt service payments arising out of, concerning or related to the System, required member tax payment distributions, and payments to tax equity, but not including, and specifically excluding, amounts deposited into reserves.
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System expenses. Party B shall pay Party A Fees for System development and follow-on technical services and upgrading according to this Agreement.
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Examples of System expenses in a sentence

  • Communications includes the Corporate Phone System expenses being committed for the year, while Premiseand Site includes commitments for cleaning of the facilities for the year as well as rent for the Roads Division office trailer.

  • Amounts representing forfeited nonvested benefits of terminated members may not be used to increase benefits payable from the System but may be used to reduce contributions for future plan years or pay System expenses.

  • In the event that MUNICIPALITY is not transitioned to a Host PSAP on October 1, 2013, COUNTY's responsibility for System expenses for such MUNICIPALITY shall be limited to the payments it makes to the Operator for the Operator's Personnel Costs of civilian employees who perform call-taking, teletype (queries only) and dispatch PSAP functions as their primary job responsibilities at a non-Host PSAP facility or other expenses as specifically addressed in the RILA.

  • There would be buy-in costs plus sharing of Operating System expenses.

  • Differences between actual and assumed investment income are phased in over a closed four- year period.The following significant assumptions were used in the actuarial valuation as of June 30, 2002:(1) a rate of return on the investments of 8.25% compounded annually (net after all System expenses).

  • Twenty-five percent (25%) of that dif- ference is added to the expected value along with corresponding amounts from each of the prior three years.The following significant assumptions were used in the actuarial valuation as of June 30, 2005.(1) A rate of return on the investments of 8.25% compounded annually (net after all System expenses) is assumed.

  • The City of LA contract includes universal terms and conditions that were negotiated between Los Angeles and the original contracting entities that provides the same cost recovery for the amalgamated system expenses based on quantity of flow and strength of sewage.The Amalgamated System Sewerage System Charges (ASSSC) are charged to CVWD to recover CVWD’s proportional share of the Net Amalgamated System expenses.

  • An annual audit shall be prepared to assist the Village Council in determining whether, and to what extent, to revise, by resolution, the rates from time to time in order to meet System expenses and to ensure that all user classes pay their proportionate share of operation and maintenance and equipment replacement costs; however, an audit shall not be a prerequisite to a revision.

  • Twenty-five percent (25%) of that dif- ference is added to the expected value along with corresponding amounts from each of the prior three years.The following significant assumptions were used in the actuarial valuation as of June 30, 2004.(1) A rate of return on the investments of 8.25% compounded annually (net after all System expenses) is assumed.

  • The smoothed value of assets recognizes the difference between actual and expected performance for each year in equal amounts over a four-year period.Economic Assumptions The following economic assumptions were used in the actuarial valuation as of June 30, 2014.• Investment Return Net after all System expenses, the return on investments is compounded annually at 7.75%.• Inflation Rate The inflation assumption is 3.25% per year.


More Definitions of System expenses

System expenses incurred by any Snap-on Entity or any Newcourt Entity shall be paid by the party incurring them and shall be treated as a working capital loan by such party to the Company. Such System Expense loans will accrue interest at an annual interest rate of seven percent (7%) or such other commercially reasonable rate as shall be agreed by Snap-on and Newcourt. The Company shall make quarterly payments of interest and principal with respect to such System Expense loans, which loans shall be amortized over the period ending at the end of the Initial Term. For purposes of this Agreement, "System Expenses" shall consist of any costs incurred directly or indirectly by any Newcourt Entity or Snap-on Entity in connection with the development of the software system referred to in Section 7.05(a) hereof, any costs treated as a System Expenses in Sections 5.01, 6.01, or 7.11, hereof or elsewhere in the Operative Documents, and any direct out-of-pocket, non-personnel costs incurred by any Newcourt Entity or any Snap-on Entity in connection with the preparation and delivery of the items listed at Section 7.13 hereof.
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System expenses shall consist of any costs incurred directly or indirectly by any Newcourt Entity or Snap-on Entity in connection with the development of the software system referred to in Section 7.05(a) hereof, any costs treated as a System Expenses in Sections 5.01, 6.01, or 7.11, hereof or elsewhere in the Operative Documents, and any direct out-of-pocket, non-personnel costs incurred by any Newcourt Entity or any Snap-on Entity in connection with the preparation and delivery of the items listed at Section 7.13 hereof.
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Related to System expenses

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

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

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Marketing Expenses means all costs and expenses incurred in connection with the Commercialization of the Product in the Territory, including, without limitation: (a) marketing, advertising, sampling, and promotional activities; (b) marketing studies; (c) primary and secondary market research; (d) promotional materials; and (e)

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • 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.

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

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk's office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replacements and office automation and information technology equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • Travel Expenses means any costs incurred by Licensor associated with the transportation, storage or lodging of equipment, supplies, Licensor employees and other items necessary for business use from Licensor headquarters to Licensee’s facilities. Travel expenses may include, but are not limited to airfare, hotel costs, and meals if applicable. Any travel expenses paid by the Licensee shall be paid at allowable government travel rates consistent with Management Directive 230.10, unless otherwise first approved by the Licensee’s authorized representative.

  • 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;

  • Management Expenses means expenses, costs and charges necessarily and reasonably incurred in the management of the Development provided in this Deed which, except for the purpose of Clause 4.3 of Section IV of this Deed, shall include the Manager’s Remuneration;

  • Direct Costs means the sum of the following:

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following: (i) The operation, repair and maintenance, in neat, clean, good order and condition, of the following:

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • O&M Costs as defined in the Depositary Agreement.

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Training Costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • 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.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.