Committed Costs definition

Committed Costs means (i) any costs committed to but not yet incurred; (ii) any sunk costs already spent; and/or
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Committed Costs means costs reasonable incurred or committed to by the Contractor in relation to the delivery of Goods or Services prior to their Acceptance or performance (or if earlier prior to the Termination Date), which following any termination the Contractor has mitigated so far as reasonably practicable.
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Committed Costs means the amount of funding, as evidenced by project budgets, invoices and any other documentation reasonably requested by NWMO, that the Municipality requires to complete any capital project funded using the Financial Benefits where physical work of a significant nature has commenced as of the applicable date. For further clarity, physical work of a significant nature is work that is integral to the construction of such capital project. Preliminary activities, such as environmental or geological assessments, or initial preparatory work (including, for example, site clearing, fence construction or development of access roads), shall not be considered integral to such capital project.
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Examples of Committed Costs in a sentence

  • Committed Costs: accrued expenditures through the reporting period, plus staffing and operational costs not yet recognized, but required for uninterrupted services through the program year.

  • The remaining portion of the Forecast is intended to allow Jabil to purchase (and is hereby authorized to purchase) Components necessary to manufacture the quantities of Product identified, and Company shall be responsible for the cost of such Components procured in the event of any termination or cancellation as Committed Costs.

  • If this Agreement is terminated or expires for any reason, Company shall not be excused from performing its obligations under this Agreement with respect to payment for all Committed Costs (defined below) and all monies due Jabil hereunder including costs and expenses reasonably incurred by Jabil in anticipation of the performance of its activities under this Agreement up to and including the Termination Effective Date.

  • Capacity Reservation Fee As defined in Section 4.1. Claims As defined in Section 13.1. Cobra Materials As defined in Section 2.4. Committed Costs Any costs incurred or committed to by Cobra in advance of the provision of Deliverables which cannot be cancelled or offset through reasonable commercial efforts, including the procurement of materials, equipment, maintenance and subcontract services, but excluding the costs of Facility modifications and associated capital equipment.

  • In the event of termination or suspension of the Contract under this clause, the Client shall pay to Linea all Fees and Expenses in respect of such Services undertaken by Linea up until the date of such suspension or termination plus VAT thereon (where appropriate) together with any incidental expenses and agreed Committed Costs in accordance with clause 19.

  • Committed Costs Fuel Hedging and Derivative Costs Budgeted hedging and derivative payments for fuel in the relevant period.

  • Not less than ninety (90) days prior to the Commercial Readiness Date of each Joint Product under the Collaboration Agreement, the parties shall set forth on an Appendix 4 a description of such Joint Product, its Components, Spare Parts, Documentation and their respective Committed Costs and such other items or information mutually-agreed upon by the parties.


More Definitions of Committed Costs

Committed Costs means, with respect to the Joint Product, (a) (i) the next [**] of expenses not yet incurred, as set forth in the firm budget portion of the then-current Joint Development Plan and Budget or Joint Commercialization Plan and Budget for such Joint Product or (ii) if less than [**] remain with respect to the firm budget portion of the then-current Joint Development Plan and Budget or Joint Commercialization Plan and Budget for such Joint Product, the expenses not yet incurred and associated with the months remaining in the firm budget portion of the then-current Joint Development Plan and Budget or Joint Commercialization Plan and Budget for such Joint Product and (b) [**] costs associated with Clinical Trials for the Joint Product that have been Initiated as of the effective date of the termination of this Agreement or date of the Epizyme Opt-Out Notice with respect to such Joint Product.
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Related to Committed Costs

  • Related Costs means lodging and, if necessary, physical protection for the Covered Person during or while waiting for Transport to the Nearest Place of Safety. Related Costs will include temporary lodging, if necessary, while a Covered Person is waiting to be transported back to the Host Country, Home Country or other country where the Policyholder that sponsored the Covered Person’s Trip is located. Benefits will not be payable for Related Costs unless We (or Our authorized assistance provider) authorize in writing, or by an authorized electronic or telephonic means, all expenses in advance, and services are rendered by Our assistance provider.

  • Approved Costs means the amount of eligible costs approved by the authority at final approval;

  • Committed Sum means, for any day, the maximum amount a Lender is committed on that day to lend to the Companies (or for their account) on a revolving credit basis pursuant to this Agreement, on its terms and subject to its conditions. From the Effective Date of this Agreement through the Termination Date or such other date (if any) when all or any of them is changed by operation of the provisions of any agreement or Legal Requirement, the Committed Sums for the Lenders are as set forth on Schedule LC, as it may be amended and restated from time to time.

  • Hard Costs means and includes building Acquisition costs, Site Work costs and Construction and Rehab costs, as shown in the Applicant’s properly completed UniApp, Section C, Uses of Funds.

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).