Administrative Services Costs definition

Administrative Services Costs means that portion of the NCPA administrative, general and occupancy costs and expenses, including those costs and expenses associated with the operations, direction and supervision of the general affairs and activities of NCPA, general management, treasury operations, accounting, budgeting, payroll, human resources, information technology, facilities management, salaries and wages (including retirement benefits) of employees, facility operation and maintenance costs, taxes and payments in lieu of taxes (if any), insurance premiums, fees for legal, engineering, financial and other services, power management services, general settlement and billing services and general risk management costs, that are charged directly or apportioned to the development, financing, construction, improvement, maintenance, operation or decommissioning of a NCPA Project. Administrative Services Costs as separately defined herein and used in the context of this Agreement is different and distinct from the term Administrative Services Costs as defined in Section 1 of the Power Management and Administrative Services Agreement.

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Administrative Services Costs means that portion of the NCPA administrative, general and occupancy costs and expenses, including those costs and expenses associated with the operations, direction and supervision of the general affairs and activities of NCPA, general management, treasury operations, accounting, budgeting, payroll, human resources, information technology, facilities management,

Administrative Services Costs means that portion of the NCPA administrative, general and occupancy costs and expenses, including those costs and expenses associated with the operations, direction and supervision of the general affairs and activities of NCPA, general management, treasury operations, accounting, budgeting, payroll, human resources, information technology, facilities management, salaries and wages (including retirement benefits) of employees, facility operation and maintenance costs, taxes and payments in lieu of taxes (if any), insurance premiums, fees for legal, engineering, financial and other services, power management services, general settlement and billing and general risk management costs, that are charged directly or apportioned to the provision of Services pursuant to this Agreement. Administrative Services Costs as separately defined herein and used in the context of this Agreement is different and distinct from the term Administrative Services Costs as defined in Section 1 of the Power Management and Administrative Services Agreement.

Examples of Administrative Services Costs in a sentence

• Administrative Services Costs attributed to NCPA’s provision of such activities and services to a NCPA Project shall be treated as a Project Cost and be allocated to each Project Participant in accordance with the provisions of the applicable Project Agreements, this Agreement, and/or the Power Management and Administrative Services Agreement.

• The Member shall keep accurate books and records with respect to the Administrative Services Costs, and the Company shall be permitted to inspect such books and records, to the extent allowable under local law, with respect to such Administrative Services Costs upon providing ten (10) days advance written notice.

• The Member may, at its sole discretion, decide to defer or waive any reimbursement of Administrative Services Costs.

• Within sixty (60) days of completion by the Member of its audited year-end financial statements, if the Member determines that the aggregate reimbursement of Administrative Services Costs paid by Company for the previous year either overstates or understates the proper amount as determined by the year-end audit, the Member shall invoice, refund or credit, as the case may be, Company for the amount of such variance.

• Costs associated with Power Management and Administrative Services, including Administrative Services Costs and Power Management Services Costs, shall be allocated among the Participants in accordance with methodologies and principles established by the Commission from time to time, as set forth in Schedule 4 of this Agreement.

• NCPA will issue an invoice to each Participant for its share of Project Costs, Administrative Services Costs, scheduling coordination costs, and all other costs for services provided in accordance with this Agreement.

• Upon request, for each of the Member’s Fiscal Quarter Close Dates, the Member shall issue Company an invoice listing the Administrative Services Costs that the Member has incurred pursuant to this Agreement during such Fiscal Quarter (“Quarterly Invoice”), or more frequently as needed.

• Service Provider shall keep accurate books and records with respect to the Administrative Services Costs, and Service Recipient shall be permitted to inspect such books and records, to the extent allowable under local law, with respect to such Administrative Services Costs upon providing ten (10) days advance written notice.

• All or any portion of any deferred reimbursement of Administrative Services Costs may be deferred without interest and paid when the Member determines.

• Upon request, for each of Service Provider’s Fiscal Quarter Close Dates, Service Provider shall issue Service Recipient an invoice listing the Administrative Services Costs that Service Provider has incurred pursuant to this Agreement during such Fiscal Quarter (“Quarterly Invoice”), or more frequently as needed.

More Definitions of Administrative Services Costs

Administrative Services Costs means the O&O Costs, Member Operational Costs and Member Out-of-Pocket Costs incurred by the Member in the performance of Administrative Services under this Agreement.

Administrative Services Costs means the sum of Direct Costs and Indirect Costs.