General and Administrative Costs. The Borrower shall ensure that the payment of all the general and administrative costs of the Borrower and the Owners in connection with the ownership and operation of the Ships (including, without limitation, the payment of the management fees pursuant to the Management Agreements) shall be fully subordinated to the payment obligations of the Borrower and the Owners under this Agreement and the other Finance Documents throughout the Security Period.
General and Administrative Costs. General and Administrative Costs are expenditures incurred on general administration and management primarily and principally related to Petroleum Operations in or in connection with the Contract Area, and shall include:
General and Administrative Costs. The costs described in Clause 2.9(c).
General and Administrative Costs. The costs described in Section 2.6.1 and the charge described in Section 2.6.2 of this Accounting Procedure.
General and Administrative Costs. 3.1.14 Royalty, License fee, surface rentals etc.
General and Administrative Costs. General and Administrative Costs include those that have been incurred for the general operation and administration of the Corporation, and other expenses of a general character, including but not limited to Costs relating to: administrative offices that serve the Corporation; Corporation-wide financial management, business services, budget and planning, and personnel management; operations of the Corporation’s central management information systems; general management of the Corporation, such as strategic direction and member affairs, Board functions, accounting, procurement, and legal services; operation and maintenance expense; depreciation and use allowances; and interest costs. General and Administrative Costs do not include Costs that relate solely to, or are incurred by, the Corporation for CPA Member Services or as a result of any specific Project or Project Contract. The intent of the Members is to ensure that all Costs incurred by the Corporation that are directly related to CPA Member Services will only be paid by the Members receiving such services or for any specific Project will be paid only by the Project Participants of that specific Project. As such, when an activity or cost generally included within the General and Administrative Cost category benefits CPA Member Services, a specific Project or Project Contract, or is performed or budgeted for a specific Project or Project Contract, an appropriate adjustment shall be made to assure that the proper portion of the Cost of such activity is categorized and allocated as CPA Member Services costs to a Member receiving such service, or as a Direct Project Cost to the Project Participants, subject to Cost allocation under the applicable Project Contract. The Members intend that all Costs of the Corporation that are not directly assigned for recovery to CPA Member Services, a specific Project or Project Contract will be recovered as General and Administrative Costs.
General and Administrative Costs. The costs described in sub-section 2.5(a) and the charge described in sub- section 2.5(b).
General and Administrative Costs. Costs described in Article V, Section 4 are incurred for the common objectives of all Members of the Corporation, and are not incurred specifically in connection with a particular Project, Project Contract, or Member Service and shall be allocated to, and recovered from, each Member on a pro rata basis in accordance with the following formula: Member CPA’s Annual Retail Electricity Load divided by all Member CPAs’ Annual Retail Electricity Load; and
General and Administrative Costs. Costs incurred as a direct result of the administration of the leased premises, and the production of ores and minerals therefrom, including costs incurred in connection with the marketing, selling, and collection of proceeds from sale of ores and minerals produced from the leased premises.
General and Administrative Costs. The Issuer will not permit General and Administrative Costs of the Note Parties exceed the amount set forth below opposite such Fiscal Year. Fiscal Year General and Administrative Expenses 2013 $ 10,000,000 2014 $ 11,500,000 2015 $ 13,000,000 Each Fiscal Year Thereafter $ 14,500,000 (f) Total Leverage Ratio. Beginning with the Fiscal Quarter ending December 31, 2013, the Issuer shall not permit the Total Leverage Ratio, as of the last day of any Fiscal Quarter set forth below, to exceed the ratio set forth below opposite such Fiscal Quarter. Each Fiscal Quarter Ending on the Following Dates Total Leverage Ratio 12/31/2013 6.25x 3/31/2014 5.50x 6/30/2014 5.00x 9/30/2014 4.00x 12/31/2014 3.5x Each Fiscal Quarter Thereafter 3.0x
