Management Costs. The Commission shall be authorised to deduct a sum of 2.75% of the amounts contributed by the European Union to the Trust Fund and 5% of the amounts contributed by other donors to cover its management costs, in accordance with Article 187(7) of the Financial Regulation, applicable by virtue of Article 42 of the Financial Regulation of the 11th EDF. The Commission shall present a detailed administrative budget document to the Trust Fund Board every year. This document should set out the budget ceilings for the overall Trust Fund for the year ahead and the proposed indicative allocations for each of the windows. The document should also include indicative budgets for future years and reports on outturns for previous years.
Management Costs. All management costs are included in the fee established in Item #6 of Attachment B. Costs to be billed to USER.
Management Costs. If Investor engages an Affiliate, or any other Person that is not owned or controlled by Government or by Persons resident and licensed to do business in Liberia, to render or furnish to or for Investor any management services or management assistance with respect to Production, 29 30 the terms of such management services or management assistance must be on an arm’s-length basis. Management Fees (as defined below) incurred by Investor with respect to the period beginning on the Effective Date and ending at end of the taxable year prior to Commercial Production Date shall only be deductible in determining Investor’s taxable income for any taxable year in such year to the extent they aggregate less than the cumulative amount set forth in the table below. Management Fees incurred by Investor with respect to any taxable year ending after the Commercial Production Date shall only be deductible in determining Investor’s taxable income for such year to the extent they aggregate less than the percentage of the other operating expenses of Investor incurred with respect to the applicable year as specified in the following table: Management Fees during period — Maximum deduction per taxable year period beginning on Effective Date and ending at end of taxable year prior to Commercial Production Date 45% of cumulative capitalized costs, not to exceed an aggregate of $50 million for the period first 10 taxable years ending after Commercial Production Date 10% of other operating expenses taxable years 11-15 ending after Commercial Production Date 7.5% of other operating expenses Thereafter 5% of other operating expenses
Management Costs. Each Contractor undertakes reasonable endeavours not exceed the ceiling of its management costs, according to the Project Share. Duly justified exemptions concerning audit costs should be agreed by the Management Board. Banking and transaction costs related to the payments made by the Commission shall be borne by the Co-ordinator, while banking and transaction costs related to the handling of any financial resources shall be born by each Contractor.
Management Costs. Management costs under Section 324 of the Xxxxxxxx Act (codified as amended at 42 U.S.C. § 5165b) are not authorized for the FMAG Program.
Management Costs. The management of the Partnership will be under the control of its General Partner. The General Partner shall be reimbursed for its reasonable out-of-pocket expenses incurred on behalf of the Partnership in connection with its duties as the General Partner. The Hospital will be managed by the General Partner or an Affiliate pursuant to a Management Agreement with the Partnership in the form attached hereto as Exhibit 7.2 (the “Management Agreement”). For managing the Hospital, Continental will receive a fee as set forth in the Management Agreement. Also, the Partnership will reimburse the General Partner for specific costs incurred by the Hospital which are paid by the General Partner or an Affiliate to independent third parties.
Management Costs. The amount allocated in the Budget, for each Contractor, shall cover the cost for audit certificates. Banking and transaction expenses related to the handling of any financial resources shall be borne by each Contractor. TITLE IV: CONFIDENTIALITY AND IPR SECTION 6: CONFIDENTIALITY
Management Costs. 12 5.2 Payment ............................................ 12 5.3
Management Costs. As compensation in full to Manager for the ---------------- performance of all Services hereunder, Lessee shall pay to Manager the sum of (a) the amount of all wages and salaries, including bonuses, which Manager pays to its or any of its Affiliates' permanent or temporary employees and other representatives which is allocable to the work of such employees or representatives in performing Services (such total allocable amount, "Wages"), (b) an amount to cover costs of employee benefits (including employee holidays and paid time-off), social security, insurance, retirement and other plans, payroll taxes, premiums for unemployment, workers' compensation and employer's liability insurance, Manager's general and administrative expenses, costs of maintaining established offices and other organizational expenses equal to fifty percent (50%) of the Wages paid with respect to personnel performing Services at the Project site and one hundred percent (100%) of all other Wages, and (c) costs incurred for travel, subsistence, recruitment and relocation with respect to such employees and other representatives engaged In the performance of the Services. All of Manager's rates, policies and practices referred to in the foregoing shall be subject periodically to reasonable adjustment to reflect changes in Manager's costs, upon Lessee's prior approval, which shall not be unreasonably withheld.
