VARIABLE COST Clause Samples
The VARIABLE COST clause defines how costs that fluctuate based on usage, production levels, or other changing factors are handled within an agreement. Typically, this clause outlines which expenses are considered variable, how they are calculated, and the method for adjusting payments as these costs change—such as utility charges that depend on actual consumption or material costs tied to market prices. Its core function is to ensure that both parties understand and agree on how variable expenses will be managed, thereby allocating financial risk and promoting transparency in cost adjustments throughout the contract term.
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VARIABLE COST. “Variable Cost” are the costs that change with the quantity of revenue hours for the My Ride service changes. Variable Costs are the sum of operational costs that the variable sum changes in direct relation to the number of revenue hours.
VARIABLE COST. Party A shall also receive as operator the Variable Cost for each KWH of Excess On-Grid Quantity but shall not be entitled to the Approved Generation Cost.
VARIABLE COST. 9 2.44 Year...................................................... 9 ARTICLE III OBJECTIVES.............................. 9 3.1 Purpose................................................... 9
VARIABLE COST. If used, the company shall be charged the costs of the services as shown in the table below: Calculation of Willful Events (per willful calculation) EXEMPT Bradesco Account Holder 1.50 Account Holder of other Banks (not including the Central Bank rate) 2.50 At Bradesco Branches 2.50 Approved Event (Stock Dividend, Stock Split, Reverse Split, Subscription, Redemption, Cancellation, Merger, Spin-off and other resolutions) EXEMPT Registration of Liens (Connections and Releases) 3.00 Custody Operation (CBLC (Brazilian Settlement and Custody Company)/CETIP (Center of Custody and Financial Settlement of Securities) Deposit and Withdrawal) 3.00 Transfer between Accounts (Causa Mortis, Off-Board, Gift, Account Grouping, Court Order, etc.) 3.00 Change of Register 3.00 Credit and Receipt Notices, Proof of JSCP-IN SRF 41, Earnings Statements, Stock Operation Statement and Subscription Instrument, Business Reply Mail to Investors (surveys and information request). If any, it shall be agreed with PRINCIPAL SUBSCRIPTION (per effective instrument) 4.00
VARIABLE COST. At the end of the first year from COD, the variable costs incurred during the year shall be verified and audited by the survey team. For the first year of Operations, such costs shall be calculated as detailed out in Schedule 1. It may be used for 5 years by inflating it by WPI and survey may be repeated after every five years.
VARIABLE COST. If used, the company shall pay the respective amounts according to the following table: Calculation of Approved Events (per approved event) 559.62 Bradesco’s current account owner Exempt Current account owner of other banks (not including the fee charged by the Central Bank of Brazil) 2.80 In Bradesco’s branches 3.49 Approved Event (Bonus, Splitting, Grouping, Subscription, Redemption, Cancellation, Merger, Spin-off and other resolutions) Exempt Registry of encumbrances (obligations and releases) 2.10
VARIABLE COST. Additional services will be charged by the fees provided in the table below: ISSUANCE OF NOTICES (per unit issued, not including postage cost) Credit and Receipt Notices, Proof of Interest on Equity – IN SRF 41, Income Reports, Movement Statements and Subscription Bulletins, Investor Response Letters (inquiries and information requests). 1.00 Income Report (generation of digital report) per shareholder 0.50 SUBSCRIPTION Capital Increase (per bulletin processed) 4.00 Individuals – unit cost per vote cast through BRADESCO as Bookkeeper only Legal Entities – unit cost per vote cast through BRADESCO as Bookkeeper only 10.00 50.00 SPECIFIC REPORTS/SERVICES REQUESTED Upon request Considering the above-mentioned costs, the following services will be made available to the CONTRACTING PARTY: Investor services through the entire Bradesco branch network; Maintenance of the investor database, documentation of investor records, and archiving/microfilming of submitted documents; Preparation and availability of management reports regarding the active investor base, such as: Registration, Positions, Transactions, Remunerated Events (dividends / interest on equity), Non-remunerated Events (bonus shares, stock splits, subscriptions), and Investors under custody at CBLC, as well as custody transactions carried out at B3/CBLC, in the “format” and “frequency” previously agreed upon by the company; Access to the Bradesco Bookkeeping System (via internet) for retrieval of investor information (shareholding position, history, transactions, paid and/or pending dividends/interest on equity, list of investors), reflecting the records held by Bradesco and CBLC. The system also enables the electronic generation of reports in TXT or EXCEL format; To enable payment of declared events (Interest on Equity, Dividends, and others), the CONTRACTING PARTY may make the necessary funds available in a Bradesco current account by 10:00 a.m. on the actual payment date of the event; Forms for Bookkeeping Procedures (Registration Amendments, Transfer Orders, Information Requests, and Inquiries);Inclusion of the company’s logo in the shareholding movement statements.
VARIABLE COST. If they are used, the company shall be charged the values of the services according to the table below: Calculation of Events resolved upon (by calculation resolved upon) FREE Bradesco account holder 0.36 Account Holder at other Banks (not including the Central Bank of Brazil fee) 1.37 At Bradesco Branches 2.50 Ratified Event (Bonus, Split, Reverse Split, Subscription, Redemption, Cancellation, Consolidation, Spin-off, and other resolutions) FREE Registration of Encumbrances (Links and Releases) 0.77 Custody Transfers (CBLC/CETIP Deposit and Withdrawal) 0.77 Transfer between Accounts (Death, Off-Stock Exchange, Donation, Grouping of Accounts, Court Order, etc.) 0.77 Change in Registration 0.77 Credit and Receipt Notices, Proof of JSCP- SRF IN 41, Income Reports, Share Transaction Statement and Subscription Slip, Response Letter to Investors (surveys and requests for information). 0.45 SUBSCRIPTION (per effective slip) 1.90
VARIABLE COST. The following variable costs can be identified and estimated for charging the SPV: