Project Cost Recovery Sample Clauses

Project Cost Recovery. Seller shall undertake the budgeting process described in this article 5 in order to keep Buyer apprised of Project Costs, credits and the estimated Monthly Contract Prices. Buyer acknowledges that subject to review and approval of this agreement by the Commission pursuant to section 5.2: (i) the Parties intend that, subject to the Rate Cap Limit and other than any damages payable under this agreement, the payments by Buyer under this agreement will fully compensate Seller for all Project Costs consistent with Section 1-75 of the Illinois Power Agency Act, as finally determined by Seller and approved by the Commission from time to time; (ii) the final Project Costs for development and construction of the Project will not be known until after the Commercial Operation Date; (iii) the budgets provided under this article 5 will be used by Seller as the inputs to the Formula Rate and the basis for establishing the Monthly Contract Prices subject to review and approval of the Commission; and (iv) Seller may revise the Monthly Contract Prices from time to time based on actual Project Costs and the Formula Rate pursuant to this article 5 and review and approval of the Commission.
Sample 1
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Project Cost Recovery. Seller shall undertake the process described in this article 5 in order to keep Buyer apprised of Project Costs, credits and the estimated Monthly Contract Prices. Buyer acknowledges that subject to review and approval of this agreement by the Commission pursuant to section 5.2: (i) the Parties intend that, subject to the Rate Cap Limit and other than any damages payable under this agreement, the payments by Buyer under this agreement will fully compensate Seller for all Project Costs incurred in accordance with Section 1-75 of the Illinois Power Agency Act, as finally determined by Seller and approved by the Commission from time to time; (ii) the final Project Costs for development and construction of the Project will not be known until after the Commercial Operation Date;
Sample 1

Related to Project Cost Recovery

  • Cost Recovery The Parties acknowledge that the price for energy as described in Exhibit A includes the Consultant Commission described in Exhibit A to cover the cost of developing, implementing and operating the Aggregation. The Competitive Supplier agrees to include this cost adder in the Price for energy, and to make the monthly commission payments on behalf of Participating Consumers, in the manner described in Exhibit A, and acknowledges this obligation as a material obligation of this Agreement.

  • Administrative Cost Recovery 3.1 In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may, following deposit of Contribution funds, deduct from such funds and retain for the Bank’s own account an amount equal to five percent (5.0%) of the Contributions.

  • Cost Recovery Fee You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase electricity in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel this Agreement early, you will be responsible for paying the cost recovery fee (“Cost Recovery Fee”) set forth in the Contract Summary, which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses. It will take time for your local utility company to cancel your XOOM account. During that time you agree to pay for the electricity you consume that is supplied by XOOM.

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.

  • Project Cost a. The estimated cost of the Project is $ 97,740.00. This amount is based upon the Schedule of Financial Assistance in Exhibit "B", attached to and incorporated in this Agreement. Exhibit “B” may be modified by mutual execution of an amendment as provided for in paragraph 5.i.

  • 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.

  • Construction Cost Estimate At 50% completion of the contract documents, the design team will present and submit copies of the project plans and manual. The Construction Administrator will prepare and issue the fourth of five construction cost estimates. The estimate shall be derived from actual takeoffs, subcontractor and vendor input, and material and labor cost data. All quantitative systems information shall be provided in detail.

  • Construction Cost Budget The total cost to District of all elements of the Project designed or specified by the Architect, as adjusted during and at the end of the design phase in accordance with this Agreement and the Agreement for Architectural Services. The Construction Cost Budget does not include the compensation of the Project Design Team, the Program Manager (if any), the Construction Manager and any subconsultants, the cost of the land, rights-of-way, or financing which are the responsibility of the District.

  • Cost Recovery for RSTEP Requests by Registry Operator for the approval of Additional Services pursuant to Section 2.1 may be referred by ICANN to the Registry Services Technical Evaluation Panel (“RSTEP”) pursuant to that process at xxxx://xxx.xxxxx.xxx/en/registries/rsep/. In the event that such requests are referred to RSTEP, Registry Operator shall remit to ICANN the invoiced cost of the RSTEP review within fourteen (14) calendar days of receipt of a copy of the RSTEP invoice from ICANN, unless ICANN determines, in its sole and absolute discretion, to pay all or any portion of the invoiced cost of such RSTEP review.

  • Project Funding 8.1 The Project Funding for completion of this PFA is as follows:

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