Cycle Costs Sample Clauses

Cycle Costs. Base design decisions on life‐cycle cost considerations to determine an economical design for facilities. Take into account not only the initial construction costs but also the operating and maintenance costs of buildings, the associated impacts on productivity and the missions performed within the facility over their anticipated life. Designers must design within current cost criteria and requirements of each project’s programming documents.
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Cycle Costs expenses relating to any capital repair or replacement associated with the on-going life-cycle management of the Buildings shall be the responsibility of the Landlord. The Tenant will pay its reasonable, proportionate share of such expenses in the form of Additional Rent as further described in the Lease. The Tenant shall not be responsible for any repair or replacement expenses deemed related to life-cycle costs for the initial thirty-five (35) years of Term. The Tenant will not be responsible for any additional rent that exceeds the Tenant’s operating costs for similar spaces or similar buildings in the City of Ottawa and any amounts charged by the Landlord to the Tenant shall be subject to a right of audit by the Tenant as more fully described in the Lease. The Landlord and Tenant agree that security services are to be mutually determined, both parties acting reasonably, based on detailed construction drawings and Lease provisions. Security hardware and IT/communications for the Tenant’s Exclusive Space are included in the Tenant’s FF&E. On each anniversary of the term, the Landlord will provide a breakdown of the estimated Additional Rent, in accordance with generally accepted building cost categories or categories acceptable to the Tenant, to establish the upcoming calendar year Additional Rent. MUNICIPAL CAPITAL FACILITY AGREEMENT (MCFA) The Landlord agrees to enter into a Municipal Capital Facility Agreement (the “MCFA”) with the Tenant in order to allow for exemption of property taxes for the Premises. Once the MCFA is in place, the Landlord agrees to reduce Additional Rent accordingly, if applicable because school use is also exempt. RESPONSIBILITIES OF TENANT AND LANDLORD The Landlord will assume responsibility to design, build, and will own both the Gymnasium and the Community Centre in accordance with the Tenant’s approved design plans and Construction Agreement. The Tenant agrees to pay the Landlord prepaid rent subject to Prepaid Base Rent and Term provisions outlined in this Offer to Lease and to be further outlined in the Lease. The Tenant will be responsible for the direct costs associated with furniture, fixtures, and equipment, which are more fully described as moveable furniture, fixtures or other equipment that have no permanent connection to the structure of the Premises or Buildings including telecommunication lines and cabling (the “FF&E”), required for its operations in the Community Centre. The Tenant and the Landlord shall be res...
Sample 1
Cycle Costs. A form of economic analysis that considers the total cost of owning, operating, and maintaining a building over its useful life. Life-cycle costs are the sum of the present value of the following: investment costs, less salvage value, at the end of the study period; non-fuel operation and maintenance costs; replacement costs, less salvage costs, of the replaced building systems; and energy costs.
Sample 1

Related to Cycle Costs

  • Processing Costs In addition to the Purchase Price, Buyer shall pay Processing Costs in the amount of $900.00, to be paid to Seller in cash or other readily available funds at closing. The Processing Costs are owed in addition to the Purchase Price and shall not be considered part of the Purchase Price.

  • Allowable Costs Allowable Costs are restricted to costs that comply with the Texas Uniform Grant Management Standards (UGMS) and applicable state and federal rules and law. The Parties agree that all the requirements of the UGMS apply to this Contract, including the criteria for Allowable Costs. Additional federal requirements apply if this Contract is funded, in whole or in part, with federal funds.

  • Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.

  • Training Costs All costs and expenses incurred by the Contractor in training as is required under Article 22 of the Contract.

  • Reimbursable Costs 5.3.1. To be considered eligible for reimbursement, costs have to be: • actually incurred, individually identifiable and verifiable, as backed by copies of supporting evidence, as the case may be in the Contractor’s official bookkeeping; this means that no lump sums will be eligible for reimbursement; • necessary in order to perform the tasks as specified in the Terms of Reference (Annex 2); and • cost effective and providing value for money

  • Direct Costs Insert the major cost elements. For each element, consider the application of the paragraph entitled “Costs Requiring Prior Approval” on page 1 of these instructions.

  • Service Costs Service Costs are direct and indirect expenditures incurred in support of Petroleum Operations in the Contract Area, including expenditures on warehouses, piers, marine vessels, vehicles, motorized rolling equipment, aircraft, fire and security stations, workshops, water and sewerage plants, power plants, housing, community and recreational facilities and furniture and tools and equipment used in these activities. Service Costs in any Year shall include the costs incurred in such Year to purchase and/or construct the said facilities as well as the annual costs of maintaining and operating the same, each to be identified separately. All Service Costs shall be regularly allocated as specified in Sections 2.2.5, 2.3.5 and 2.4 to Exploration Costs, Development Costs and Production Costs and shall be separately shown under each of these categories. Where Service Costs are made in respect of shared facilities, the basis of allocation of costs to Petroleum Operations hereunder shall be specified.

  • Unallowable Costs Costs that are unallowable under other sections of these principles shall not be allowable under this section solely on the basis that they constitute personnel compensation.

  • Start-Up Costs 4.1.1 The Government of Ontario will provide:

  • Development Costs With respect to activities prior to the Amendment Effective Date, each Party was to pay [*] of the total Direct Development Costs of a Product incurred in accordance with the Development Budget (as defined in the Original Agreement). Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, with respect to activities on and after the Amendment Effective Date, subject to Sections 3.1.2, Alimera will be solely responsible for, and shall pay one hundred percent (100%) of, all development costs of a Product, including Direct Development Costs. Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, (i) all payments owing by CDS hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by CDS (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), further including any penalties and interest which might have accrued with respect thereto, and further including all CDS payments deferred pursuant to that February 11, 2008 letter agreement sent by CDS and executed by CDS and Alimera regarding deferral of payments under the Original Agreement as of such date; (ii) all payments owing by Alimera hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by Alimera (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), and further including any penalties and interest which might have accrued with respect thereto; and (iii) subject to Sections 3.1.1 and 3.1.2, from and after the Amendment Effective Date, CDS will have no liability whatsoever hereunder for any past, present or future development costs, including Direct Development Costs (which includes those incurred before, on and after the Amendment Effective Date), and instead Alimera shall have sole liability therefor.

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