Allocated Overhead definition

Allocated Overhead means the amount of overhead, including general and administrative costs, determined in accordance with generally accepted accounting principles, incurred by OSI and allocated to the Sponsored Research Program in the same proportion that the total man-hours of work performed in the Sponsored Research Program bears to the total man-hours of work performed in all OSI research programs, or such other customary allocation basis that may be agreed in writing between the parties.
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Allocated Overhead means recoverable general administrative, corporate, or other support costs which are allocated to ITC in accordance with the Uniform System of Accounts for Public Utilities.
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Allocated Overhead means, with respect to any Corporate Service, the portion of the aggregate overhead expenses (including costs associated with office space, connectivity, licenses, setup, utilities and maintenance) attributable to any Pernix Employee involved in providing such Corporate Service in accordance with the internal budgeting practices of Pernix or its Subsidiaries, to the extent related to the provision of such Corporate Service to the Company, allocated based on the actual time spent by such Pernix Employee in performing such Corporate Services as evidenced by the contemporaneous written time sheets completed in good faith by such Pernix Employees and maintained by Pernix (subject to Section 2.01(a) and (b) in the case of Company Officers to which the Parties have agreed on a deemed allocation of time dedicated to Corporate Services), but in all cases shall exclude any overhead expenses related to under-utilized capacity.
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Examples of Allocated Overhead in a sentence

  • Without prejudice to any other provision of this Agreement, including without limitation, those relating to Costs of Operations, Operator shall be solely responsible for and pay Operator’s own expenses of its separate operations, including rent, insurance, overhead, employee expenses and general business expenses that are not Allocated Overhead Expenses, all of which shall be considered Non-Reimbursable Expenses.

  • The expenditures reported shall segregate Baseline Corrective Action Costs with a breakdown within each category between direct costs and Allocated Overhead Costs, and a summary of the amount of all Baseline Corrective Action Costs Purchaser contends should be included in calculating the $200 Million Cap.

  • Allocated Overhead shall initially be $0.30 per pound of completed and packaged Product but shall be subject to quarterly adjustment upon mutual written agreement of SPI and SMF.

  • Each Quarterly Expense Report shall include personnel time expended on the project sorted by functional area and actual costs and Allocated Overhead and Unallocated Overhead for that quarterly period.

  • Except as set forth in Item 6.22 of the Disclosure Schedule, there are no Management Fees, Allocated Overhead and/or General Partner Advances outstanding as of September 30, 1994.

  • The parties acknowledge that the Budgeted Amounts as set forth on the Construction Site Budget is Assignor's good faith estimates, as to each Completed Assignor Alteration, of the direct third party labor and capital costs incurred to complete each Completed Assignor Alteration PLUS the Allocated Overhead Reimbursement Amount.

  • If HMRI elects to participate in the Contract Period Research Program, HMRI shall pay OSI's total actual research costs in carrying out the Contract Period Research Plan, plus Allocated Overhead (the "Funding Payments").

  • Within thirty (30) days of the close of a Quarter, CSHL shall invoice Helicon for the amount actually spent by CSHL during the Quarter (plus Allocated Overhead).

  • MagneTek will cause SPA to begin paying the quarterly Allocated Overhead Amount to MagneTek in cash on October 1, 2004 and will cause SPA to continue paying the quarterly Allocated Overhead Amount in cash on the first day of each calendar quarter thereafter occurring.

  • If actual expenditures (plus Allocated Overhead) are less than the prepayment, CSHL shall pay Helicon at the date of the invoice the difference between the prepayment and the actual expenditures.


More Definitions of Allocated Overhead

Allocated Overhead means, for any period, the fees payable (without regard to the Borrower's right to defer or limit actual payment) to the General Partner to compensate the General Partner for that portion of its general overhead and administrative expenses, including all of its direct and indirect expenses, allocable to the operation of the Borrower's business, including, but not limited to, home office rent, supplies, telephone, travel and copying charges, and salaries of full and part-time employees.
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Allocated Overhead for CSHL means its indirect cost allocated to the Research Program, which allocated indirect cost shall be ** for each dollar of allowable direct cost; and for Helicon and OSI means the amount of overhead, including general and administrative costs, determined in accordance with Generally Accepted Accounting Principles, incurred by Helicon and OSI and allocated to the Research Program. Such allocation by Helicon, OSI and CSHL, as the case may be, shall be in the same -------------------- ** This portion has been redacted pursuant to a request for confidential treatment.
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Allocated Overhead means the amount of overhead, including general and administrative costs, determined in accordance with generally accepted accounting principles, incurred by CSHL and allocated to the Research Program. Such allocation by CSHL shall be at its normal indirect cost reimbursement rate, which is a percentage of allowable direct cost and which is currently ** for each dollar ($1.00) of allowable direct cost. --------------- ** This portion has been redacted pursuant to a request for confidential treatment.
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Allocated Overhead means departmental or functional costs incurred by a Party which include facility support costs, information systems, human resources, accounting and finance which are reasonably allocated to other company departments based on allocation methods (i.e. space occupied and/or headcount) or other activity-based method consistently applied by a Party in accordance with generally accepted accounting principles in the U.S. or a standard rate as agreed to by both Parties. Allocated Overhead shall not include any costs attributable to the following corporate activities: executive management (e.g., president & CEO), investor relations, business development or corporate legal affairs
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Allocated Overhead means the amount of overhead, including general and administrative costs, determined in accordance with generally accepted accounting principles, incurred by OSI or MRC CC, as the case may be, and allocated to the Research Program in the same proportion that the total man-hours of work performed in the Research Program bears to the total man-hours of work performed in all OSI or MRC CC, as the case may be, research programs, or
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Related to Allocated Overhead

  • Allocable Overhead means costs incurred by a Party or for its account that are attributable to a Party's facilities and occupancy costs, corporate bonus (to the extent not charged directly to a department), and its supervisory, payroll, information systems, human relations and purchasing functions and that are allocated to company departments based on space occupied or headcount or other activity-based method. Allocable Overhead shall not include any costs attributable to general corporate activities, including, by way of example, executive management, investor relations, business development, legal affairs and finance.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Allocated Amount has the meaning set forth in Section 2.6 hereof.

  • Profits and Losses means, for each Fiscal Year or other period, an amount equal to the Company's taxable income or loss for such year or period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Code Section 703(a)(l) shall be included in taxable income or loss), with the following adjustments:

  • Controllable Operating Expenses means all Operating Expenses except property taxes and assessments, capital expenditures that are reasonably required, costs for repairs and maintenance (excluding preventative maintenance), utility charges, insurance charges, costs of services provided under a union contract, payments under covenants, conditions and restrictions or to an owners’ association and costs associated with repairs due to casualty, vandalism or other cause outside of Landlord’s reasonable control.