Excluded Costs definition

Excluded Costs means all of the following costs and expenses incurred in connection with the provision of the Management Services hereunder:

Excluded Costs means the following expenses, as they relate to the Building Operating Costs and the Project Operating Costs (as defined below): (i) depreciation, interest, and amortization on mortgages or ground lease payments, (ii) legal fees incurred in negotiating and enforcing tenant leases, (iii) real estate brokers’ leasing commissions, (iv) initial improvements or alterations to tenant spaces, (v) the cost of providing any service directly to and paid directly by any individual tenant, if the cost of providing such service would have otherwise been included in Building’s Operating Costs, (vi) any costs expressly excluded from Operating Expenses elsewhere in this Lease, (vii) costs of any items for which Landlord receives reimbursement from insurance proceeds or a third party (such costs shall be excluded from Operating Expenses in the year in which the reimbursement is received), but any deductible amount under any insurance policy shall be included within Operating Expenses, (viii) costs of capital improvements, except as specifically provided herein, (ix) costs incurred for the benefit of a single tenant (for example, tenant improvement costs to build-out a particular suite), (x) costs incurred due to Landlord’s breach of a lease, law, or ordinance, (xi) repairs necessitated by the gross negligence or willful misconduct of Landlord, (xii) the cost of earthquake or flood insurance, unless required by Landlord’s Lender and in such event an amount reasonably estimated by Landlord to approximate the cost of such coverage as if such coverage been carried during the Base Year shall be added to Direct Expenses for the Base Year, (xiii) overhead profit increments paid to Landlord’s subsidiaries or affiliates for management or other services on or to the building or for supplies or other materials to the extent that the cost of the services, supplies, or materials exceeds the cost that would have been paid had the services, supplies, or materials been provided by unaffiliated parties on a competitive basis, (xiv) any compensation paid to clerks, attendants, or other persons in commercial concessions operated by Landlord, (xv) advertising and promotional expenditures, (xvi) costs of repairs and other work occasioned by fire, windstorm, or other casualty covered by insurance, (xvii) management costs to the extent they exceed 5% of all gross rent collected, (xviii) costs for sculpture, paintings, or other objects of art (nor insurance thereon or extraordinary security in co...

Excluded Costs means those costs that must be excluded from Total Costs of the Reporting Group pursuant to the exclusions set out in Article 3.

Examples of Excluded Costs in a sentence

• The Authority will pay the Excluded Costs as and when the same are due.

• Certified Costs shall mean a certified accounting of the total actual Project Costs incurred minus the actual Excluded Costs, pursuant to AIA Form G703, as of the date that is one hundred twenty (120) days after closeout of the Construction Contract, as “closeout” is defined in the Construction Contract (the “Closeout”), with all reasonable and underlying supporting documentation including a breakdown of such costs between the Mixed-Use Building and the Garage.

• The Costs of Eligible Improvements shall not, however, include any of the Excluded Costs.

• Excluded Costs: Indirect costs cannot be applied against certain disallowed expenditures for purposes of the calculation.

• Except as specifically set forth in this Agreement, the City shall be solely responsible for the payment of all costs and expenses associated with or relating to the performance and satisfaction of the Site Work (the “Site Costs”), and such Site Costs shall be Excluded Costs and not included in the Construction Budget.

More Definitions of Excluded Costs

Excluded Costs shall be defined as the following:

Excluded Costs. ’ means sales promotion, marketing and after-sales service costs, royalties, shipping and packing costs and non-allowable interest costs; ‘‘fungible goods’’ means goods that are interchangeable for commercial purposes and the properties of which are essentially identical;

Excluded Costs means sales promotion, marketing and after-sales service costs, royalties, shipping and packing costs and non-allowable interest costs; (coûts exclus)

Excluded Costs has the meaning set forth in Section 3.6.

Excluded Costs means, from and after the Emergence Date, the fully burdened employee cost of any Designated MPM Executive, Designated MSC Executive and/or any respective predecessor thereof.

Excluded Costs means (a) costs incurred as a result of an Authority Default; (b) costs related to Construction Contract Change Orders initiated by the Authority but only to the extent provided in Section 11.1 hereof; and (c) costs associated with audits requested by the Authority.

Excluded Costs means all office expenses of the Insured, all expenses for salaried employees of the Insured and general retainer fees for Counsel normally paid by the Insured.