Chargeable Cost definition

Chargeable Cost means all costs and expenses incurred for or in connection with Operations to the extent reflected in a Budget or otherwise expressly permitted under this Agreement, including but not limited to, Section 7.7 and will include, without limitation and without duplication, the following attributable thereto: (i) the rent payments under the Lease; (ii) all costs and expenses incurred to retrofit the Property and Structures to grow commercial Cannabis crops; (iii) License Costs; and (iv) all reasonable legal, accounting and advisory fees incurred by the Company and the Shareholders including, without limitation, in connection with the formation of the Company. With respect to such legal fees, $◼ of Village Farms’ historical legal fees will constitute legal fees in connection with the formation of the Company.
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Chargeable Cost means costs incurred by the Manager or its Affiliates for or in connection with Operations in accordance with Approved Programs and Budgets, the Accounting Procedures and this Agreement;
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Examples of Chargeable Cost in a sentence

  • If personnel employed in Operations are required to attend a Board meeting, reasonable costs incurred in connection with such attendance shall be paid for by the Operating Member as a Chargeable Cost.

  • Subject to PMT approval, a Party defending a claim on behalf of the Project may submit its reasonable expenses of defense as a Chargeable Cost.

  • Permits and fees related to the Construction Work are a Chargeable Cost.

  • If personnel employed by either Shareholder are required to attend a Board meeting, reasonable costs incurred in connection with such attendance shall be paid for as a Chargeable Cost.

  • To the extent required, the actual cost of the required bonds or subcontractor default insurance will be paid by Owner as a Chargeable Cost.

  • Consultants and subcontractors who are Risk/Reward Team members will use the same Chargeable Cost standards applied to Prime Consultant and General Contractor, respectively.

  • If the projected Chargeable Cost for an item is less than what has been carried in the risk register, those remaining funds will be moved from the risk registry into the Cost Model and will be part of any surplus of funds available for shared savings.

  • One Director shall be appointed by the Mayor of the Midwest City, subject to the approval of the governing body of the Midwest City.

  • If, through Target Value Design, the difference between the Estimated Final Cost and lower of (i) Owner's Budget and (ii) Target Cost is sufficient to cover 125% of the estimated Chargeable Costs of an Added Value Incentive Item and Owner chooses to add the Added Value Incentive Item, then the ICL will be increased by 25% of the estimated Chargeable Cost of the Added Value Incentive Item.

  • Consultants and subcontractors who are Risk/Reward Team Members will use the same Chargeable Cost standards applied to Architect and Contractor, respectively.