Efficient Costs Sample Clauses

Efficient Costs. For the purposes of calculating the fixed recurring charges and determining whether the costs incurred by the Multiplex Licensee are “Efficient Costs”, it is necessary to have regard to the following: (a) in respect of capital expenditure: (i) the need for the Multiplex Licensee to recover its efficient costs of supplying the Multiplex Transmission Service in accordance with this Agreement and any applicable legal and regulatory obligations; (ii) whether the capital expenditure undertaken by the Multiplex Licensee in relation to the Assets was, at the time it was undertaken, an efficient option having regard to the overall economic life of the Asset and long term planning in respect of the supply of the Multiplex Transmission Service; (iii) whether the capital expenditure undertaken by the Multiplex Licensee was, at the time it was undertaken, consistent with Good Industry Practice; (iv) whether the capital expenditure undertaken by the Multiplex Licensee in relation to the Assets was, at the time it was undertaken and having regard to the circumstances at that time, subject to an appropriate competitive procurement process (or similar process); (v) the value of relevant Assets as shown in audited accounts; and (b) in respect of operational expenditure and expenditure on corporate overheads: (i) the need for the Multiplex Licensee to recover its efficient costs of supplying the Multiplex Transmission Service in accordance with this Agreement and any applicable legal and regulatory obligations; (ii) whether the operational expenditure incurred by the Multiplex Licensee was, at the time it was incurred, reasonably necessary to meet or manage the expected demand for the Multiplex Transmission Service for the relevant period; and (iii) whether the operational expenditure incurred by the Multiplex Licensee was, at the time it was incurred, reasonably necessary to establish and maintain the quality, reliability and security of supply of the Multiplex Transmission Service for the relevant period.
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Efficient Costs. For the purposes of calculating the fixed recurring charges and determining whether the costs incurred by the Multiplex Licensee are “Efficient Costs”, it is necessary to have regard to the following: (a) in respect of capital expenditure: (i) the need for the Multiplex Licensee to recover its costs of supplying the Multiplex Transmission Service in accordance with this Agreement and any applicable legal and regulatory obligations; (ii) whether the capital expenditure undertaken by the Multiplex Licensee in relation to the Assets was, at the time it was undertaken, an efficient option having regard to the overall economic life of the Asset and long term planning in respect of the supply of the Multiplex Transmission Service; (iii) whether the capital expenditure undertaken by the Multiplex Licensee was, at the time it was undertaken, consistent with Good Industry Practice; (iv) whether the capital expenditure undertaken by the Multiplex Licensee in relation to the Assets was, at the time it was undertaken and having regard to the circumstances at that time, subject to an appropriate competitive procurement process (or similar process);
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Related to Efficient Costs

  • Development Costs Licensee shall be responsible for all of its costs and expenses in connection with the Development of, and obtaining and maintaining Regulatory Approvals for, the Licensed Products in the Field in the Territory.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Default – Reprocurement Costs In case of Contract breach by Contractor, resulting in termination by the County, the County may procure the goods and/or services from other sources. If the cost for those goods and/or services is higher than under the terms of the existing Contract, Contractor will be responsible for paying the County the difference between the Contract cost and the price paid, and the County may deduct this cost from any unpaid balance due the Contractor. The price paid by the County shall be the prevailing market price at the time such purchase is made. This is in addition to any other remedies available under this Contract and under law.

  • Audit Costs In the event of an audit exception or exceptions related to the services provided pursuant to the terms and conditions of this Agreement, the party responsible for not meeting the requirements set forth herein shall be responsible for the deficiency and for the cost of the audit. If the allowable expenditures cannot be determined because CONTRACTOR’s documentation is nonexistent or inadequate, according to generally accepted accounting practices, the questionable cost shall be disallowed by COUNTY.

  • 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.