Effective Cost Sample Clauses
The 'Effective Cost' clause defines how the actual cost of goods, services, or work is determined for the purposes of a contract. Typically, this clause outlines the components included in the calculation, such as direct expenses, overhead, and any applicable adjustments or exclusions. For example, it may specify that only documented and reasonable costs incurred by the contractor are reimbursable. The core function of this clause is to ensure transparency and fairness in cost reimbursement, preventing disputes over what expenses are eligible and how they are calculated.
Effective Cost. The adjusted cost of Conserved Water and Storage to the Optionee after accounting for the application of any Cost Off-Sets, inclusive of the potential in-kind contributions made by CADIZ as referenced in Section 2.2(b) and 2.2(e) above is the “Effective Cost” and is generally described in Exhibit “C”. Specifically, following completion of Environmental Review for the Program, Optionee may elect on its own or in coordination with some or all of the other purchasers of conserved water, to assume complete responsibility for the design, financing, construction and operation of the pipeline that conveys water between the CRA and the Property. The Effective Cost will reflect Optionee’s assumption of these costs.
Effective Cost. The effective cost of the loan is ____%.
Effective Cost. The adjusted cost of Conserved Water and Storage to the Optionee after accounting for the application of any Cost Off-Sets is the “Effective Cost” and is generally described in Exhibit “D”. Specifically, following completion of Environmental Review for the Program, Optionee may elect on its own or in coordination with some or all of the other purchasers of conserved water, to assume complete responsibility for the design, financing, construction and operation of the pipeline that conveys water between the CRA and the Property. The Effective Cost will reflect Optionee’s assumption of these costs.