Common Cost definition

Common Cost means costs which cannot be directly assigned to a particular product or service that are of joint benefit between regulated and non-regulated business units.
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Common Cost means costs which cannot be directly assigned to a particular product or service.
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Common Cost means overhead expenses in respect of operating and maintenance charges and depreciation on common user assets which are shared by Sole Risk Operations and Petroleum Operations.
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Examples of Common Cost in a sentence

  • A Member with one vote shall be allocated one Common Cost share, a Member with two votes shall be allocated two Common Cost shares etc.

  • The meeting costs (hosting, organisation, etc.) are a Common Cost and shall be shared as set forth in the Agreement, it being understood that the travel costs of each Party’s representative are borne by the Party(ies) he/she is representing.

  • Tenant’s right to contest Common Cost Estimates shall be limited to six months from date of notification by Landlord.

  • In the event Landlord shall not have furnished the Common Cost Estimates to Tenant by January 1 of any calendar year, then until the first day of the month following the month in which the Common Cost Estimates are furnished to Tenant, Tenant shall continue to pay to Landlord on the first day of each calendar month its share of the Common Cost Estimates based on the previous year’s estimate.

  • Current monthly Common Cost Estimates, based on one hundred percent of building occupancy, are Four Thousand Two Hundred Twenty-Nine Dollars ($4,229.00).

  • Budgets, budget items, or written agreements duly adopted and approved by the SGA and RWA Boards may be used to authorize or adjust a Common Cost and/or allocation formula.

  • Tenant shall thereafter during that calendar year pay to Landlord one-twelfth (1/12) of the amount of Tenant's Share of the Common Cost Estimates at the same time its monthly installments of Base Rent hereunder are due and payable.

  • The Tax Estimate, the Insurance Estimate and the CAM Estimate are sometimes referred to hereinafter collectively as the "Common Cost Estimates".

  • The Common Cost Estimates for any subsequent calendar year shall not exceed 103% of the Common Cost Estimates for the immediately preceding calendar year, on an aggregate basis (as opposed to a line-by-line or component basis), unless there is a reason for a greater percentage increase and Landlord provides Tenant with information relating thereto.

  • The initial Common Cost Estimates for calendar year 2000 is $1.41 per rentable square foot of the Premises.


More Definitions of Common Cost

Common Cost means any cost, fee or expense which does not exclusively relate to the performance of the LTO Services or O&M Services (as applicable) under this Agreement, including any cost, fee or expense incurred in (i) the operation and maintenance of the Common Assets and/or (ii) (to the extent not included in (i)) the provision of the Common Resource.
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