Cost incurred definition

Cost incurred means expenses for implementation of a project accrued because the borrower has agreed to purchase equipment or is obligated to pay for services or materials already provided as a result of implementing an approved eligible project.
Cost incurred means, at any time with respect to Lots and Units, the then-current book value thereof, determined in accordance with GAAP.
Cost incurred means costs are considered incurred on the date that goods or services are received and accepted.

Examples of Cost incurred in a sentence

  • Cost incurred by Contractor must be substantiated and incurred during the contract period.

  • For any justified Direct Cost incurred for Change Order work not covered by the categories of costs contained in Sections 4.5.10.1 through 4.5.10.4, DB Contractor shall accept as full payment therefor an amount equal to the actual cost to DB Contractor for such Direct Cost item without additional markup.


More Definitions of Cost incurred

Cost incurred means a cost, whether it is paid or unpaid, and includes a cost incurred by an individual on behalf of a registered party or a candidate with the knowledge and consent of the party or candidate. In addition, a candidate incurs a cost if a constituency association incurs the cost on the candidate's behalf.
Cost incurred means cost which are due and payable, but not necessarily paid to the contractor.
Cost incurred means the expense incurred by the supplying Party in supplying Emergency Assistance, as such cost is determined in accordance with the applicable Operating Procedures as established by the Operating Committee. Such costs shall include, but not be limited to, the following: Penalties imposed by NERC or WSCC on the SRSG for failure to recover from a Disturbance shall be applied only to the Party(ies) that caused such failure.

Related to Cost incurred

  • Incurred means that a covered expense is Incurred on the date the service is rendered or the supply is obtained. With respect to a course of treatment or procedure which includes several steps or phases of treatment, covered expenses are Incurred for the various steps or phases as the services related to each step are rendered and not when services relating to the initial step or phase are rendered. More specifically, covered expenses for the entire procedure or course of treatment are not Incurred upon commencement of the first stage of the procedure or course of treatment.

  • 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.