Transition Cost definition

Transition Cost. Any documented fees, expenses and allocated costs reasonably incurred by a successor master servicer or the Trustee in connection with a transfer of servicing from the Master Servicer to a successor master servicer, including without limitation, any costs or expenses associated with the complete transfer of all master servicing data and the completion, correction or manipulation of such master servicing data as may be required by the Trustee to correct any errors or insufficiencies in the master servicing data or otherwise to enable the Trustee to master service the Mortgage Loans properly and effectively.

Transition Cost. Any documented expenses reasonably incurred by Trustee in connection with a transfer of servicing from the Servicer to a successor servicer as successor servicer pursuant to Section 8.02, but not to exceed $5,000 with respect to any single succession.

Transition Cost. Any documented fees, expenses and allocated costs reasonably incurred by a successor Servicer or the Trustee in connection with a transfer of servicing from the Servicer to a successor Servicer.

Examples of Transition Cost in a sentence

• This notice provision may be reduced or eliminated if the Customer agrees to pay the Company a Transition Cost Adjustment Charge as described below.

• TRANSITION COST ADJUSTMENT The Transition Charge under this rate shall be adjusted from time to time in accordance with the Company’s Transition Cost Adjustment Provision.

• For each Settlement Interval, the CAISO shall calculate RTM Bid Cost for each Bid Cost Recovery Eligible Resource, as the algebraic sum of the RTM Start-Up Cost, RTM Minimum Load Cost, RTM Transition Cost, RTM Pump Shut-Down Cost, RTM Energy Bid Cost, RTM Pumping Cost and RTM AS Bid Cost.

• If the result of this calculation is negative for any transition between two MSG Configurations, then the Transition Cost shall be zero.

• For each Settlement Interval, the CAISO shall calculate IFM Bid Cost for each Bid Cost Recovery Eligible Resource as the algebraic sum of the IFM Start-Up Cost, IFM Transition Cost, IFM Minimum Load Cost, IFM Pump Shut-Down Cost, IFM Energy Bid Cost, IFM Pumping Cost, and IFM AS Bid Cost.

More Definitions of Transition Cost

Transition Cost means the applicable fixed cost ($) required for the Generating Unit to make an MSG Transition as set forth in Appendix 9.05 under the heading “Fixed Transition Cost ($)”.

Transition Cost. The Transition Cost payable to the Back-up Servicer shall not exceed $50,000.

Transition Cost. Any documented expenses reasonably incurred by a successor Servicer or the Trustee in connection with a transfer of servicing from the Servicer to a successor Servicer as successor Servicer pursuant to Section 6.05 hereof, but not to exceed $50,000 per Series. Trust Indenture Act. Means the Trust Indenture Act of 1939, as amended from time to time.

Transition Cost means any reasonable, out-of-pocket, documented expenses and allocated cost of personnel reasonably incurred by a Successor Servicer or Trustee or Bond Insurer in connection with a transfer of servicing from the Servicer to a Successor Servicer as Successor Servicer pursuant to Section 9.02, but not to exceed $50,000.00 in the aggregate.

Transition Cost. Any documented expenses reasonably incurred by Trustee in connection with a transfer of servicing from the Servicer to a successor servicer as successor servicer pursuant to Section 8.02, but not to exceed $5,000 with respect to any single succession. Trust: The trust created by this Agreement and the corpus thereof, which consists of, to the extent described herein, the Mortgage Loans, such assets as shall from time to time be identified or shall be required by this Agreement to be deposited in the Collection Account, the Certificate Account, the Policy Payments Account, the Prefunding Account or the Capitalized Interest Account or invested in Permitted Investments in accordance with this Agreement, all rights under any insurance policy covering a Mortgage Loan or the related Mortgaged Property, including the PMI Policy, and property and any proceeds thereof that secured a Mortgage Loan and that has been acquired by foreclosure, deed in lieu of foreclosure or by a comparable conversion, and the Certificate Insurance Policy.

Transition Cost has the meaning specified in Section 6.02(a)

Transition Cost means those incremental costs incurred by Company as a result of Customer opting for core market transportation service as approved by the Board from time to time.