T&M Costs definition

T&M Costs means O&M Contractor’s actual, reasonable and verifiable (and reasonably documented) direct cost of labor (including home office labor directly performing the Services), support labor, material, equipment, services, tools, supplies, subcontracts, and utilities necessary to perform the T&M Services, plus ten percent (10%) for overhead and profit; provided that, with respect to any T&M Services for which a fixed fee has been specified in Exhibit A-2, “T&M Costs” shall mean the amount of such fee payable each time such T&M Service is performed.
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T&M Costs means the amount of such fee payable each time such T&M Service is performed.
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T&M Costs has the meaning set out in section 3.2.1 of this Schedule E;
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Examples of T&M Costs in a sentence

  • To the extent that Owner desires, at its option, to purchase additional Spare Parts beyond the Spare Parts purchased under the BOT Agreement, O&M Contractor shall supply such Spare Parts to Owner at T&M Costs.

  • Provided that the T&M Services are authorized by Owner or the express terms of this Agreement and rendered by O&M Contractor, such T&M Services shall be billed to Owner at the T&M Costs and shall be considered “Services” for the purpose of this Agreement.

  • Except as otherwise required by Applicable Laws, O&M Contractor shall keep books and records in accordance with generally accepted accounting principles with respect to T&M Costs, the Project or such other property in which Owner has an interest and which comprises or is used in connection with the Project for a period of seven (7) years after the applicable creation date of such book or record.

  • The xxxx-up included in the T&M Costs for any Spare Parts O&M Contractor procures for Owner shall be applied only to the base cost of the procurement and not to any taxes, shipping, handling or other item that the vendor includes on its invoice.

  • To the extent the Services performed to mitigate the Emergency were not caused by O&M Contractor’s or its Subcontractors’ negligence, willful misconduct or failure to perform Services required to be performed hereunder, O&M Contractor shall be reimbursed at T&M Costs for any costs or expenses incurred in taking such action to prevent, avoid or mitigate such Emergency.

  • O&M Contractor shall be reimbursed at T&M Costs for any costs or expenses incurred in taking such action to prevent, avoid or mitigate such Emergency, provided said Emergency was not caused in whole or in part by O&M Contractor or its Subcontractors’ negligence, willful misconduct or failure to perform Services required hereunder.

  • Without limiting the foregoing, O&M Contractor shall use commercially reasonable efforts to maximize net profit, energy production, and Project efficiency; to optimize the useful life of the Project; to utilize O&M Contractor’s personnel in the performance of the Services; and to minimize Project downtime and T&M Costs, including by scheduling outages during non-daylight hours and working evenings to return the Project to service to limit downtime during daylight hours.

  • The mark-up included in the T&M Costs for any Spare Parts O&M Contractor procures for Owner shall be applied only to the base cost of the procurement and not to any taxes, shipping, handling or other item that the vendor includes on its invoice.

  • Except as otherwise required by Applicable Laws, O&M Contractor shall keep books and records in accordance with generally accepted accounting principles with respect to T&M Costs, the Project or such other property in which Owner has an interest and which comprises or is used in connection with the Project for a period of four (4seven (7) years after the applicable creation date of such book or record.

  • The xxxx -up included in the T&M Costs for any Spare Parts O&M Contractor procures for Owner shall be applied only to the base cost of the procurement and not to any taxes, shipping, handling or other item that the vendor includes on its invoice.

Related to T&M Costs

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

  • Program Costs means all necessary and incidental costs of providing program services.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Direct Costs means the sum of the following:

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

  • 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.

  • FTE Costs means the FTE Rate multiplied by the applicable number of FTEs who perform a specified activity pursuant to this Agreement.

  • 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.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Related Expenses means any and all costs, liabilities, and expenses (including, without limitation, losses, damages, penalties, claims, actions, reasonable attorney's fees, legal expenses, judgments, suits and disbursements) reasonably incurred by, or imposed upon, or asserted against, Lender in any attempt by Lender:

  • Sales Costs means all costs, direct and indirect, associated with a foreclosure sale by the City, including but not limited to: county recording fees, title reports or other means of identifying persons with interest in the property, title insurance, service and notification, publication and advertising, posting, sale, and staff salaries, including benefits and overhead.

  • 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.

  • 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.

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • 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.

  • 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,

  • 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)

  • 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.

  • 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.

  • Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience.

  • 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.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

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