Block Sum definition

Block Sum means the sum total of the measured or calculated standard, exception, or triggering event during a Block Sum Period. Most often, the term “block sum” is not explicitly used; rather, the concept is implicit in the description.

Related to Block Sum

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • RUNNING CHARGE PER KILOMETER means the rates payable against each KM run. and shall be deemed to include all the expenditures of the Transport Supplier viz., cost of fuel, tyre/tube, battery & consumables like lubricants etc. and other maintenance expenditures including accessories involved including GST element as applicable towards movement of the vehicle(s)/equipment.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.