Cost Event definition

Cost Event means a directive to perform work resulting from a proposed change. There may or may not be costs associated with the work. It is initiated as a proposal from the Contractor and sent to the Designer for review. If approved by the Designer, the Designer forwards it to the Owner as a recommendation from the Designer in the form of an Authorization Request.
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Cost Event means any Owner-approved proposal from the Contractor that results in a deduction or credit to the Owner’s contingency.
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Examples of Cost Event in a sentence

  • All invoices will indicate if and to what extent costs being invoiced are asserted as having been incurred as a result of an Uncontrollable Cost Event (as such term is defined in Appendix B).

  • The occurrence of either a Hedging Disruption Event or an Excess Borrow Cost Event shall constitute an Event of Default with respect to the portion of the Transaction affected by the Hedging Disruption Event or the Excess Borrow Cost Event, and the amount(s) payable, if any, by one or the other party will be determined by the Calculation Agent as if Counterparty is the Defaulting Party.

  • Notwithstanding the foregoing, Borrower shall only be responsible for increased costs described in this paragraph which are incurred with respect to Effective LIBO Rate Advances that (a) are made after written notice to Borrower by Administrative Agent of an Increased Cost Event and (b) are outstanding as of the date of such notice to Borrower by Administrative Agent of an Increased Cost Event, provided such notice is given to Borrower within thirty (30) days of the occurrence of the Increased Cost Event.

  • For ten (10) days following submission of the Cost Event Dispute to the Management Committee, the Management Committee will have the exclusive right to resolve such Cost Event Dispute.

  • At the option of Citibank, any Unwind Period that had commenced prior to the start of the Unwind Period for such Increased Cost Event and not terminated shall terminate on the Trading Day prior to the start of the Unwind Period for such Increased Cost Event.

  • The [*] shall include a general description of the Cost Event and shall specify [*].

  • An increase to the Fixed Energy Charge under this clause shall not be classified as an Increased Cost Event.

  • To the extent that any portion of the Recoverable Costs Amount set forth in the Final Closing Statement is disallowed pursuant to a ▇▇▇▇▇▇▇ Cost Event (any such costs, the “Disallowed Costs”), within 60 days of such ▇▇▇▇▇▇▇ Cost Event, Purchaser shall prepare in good faith and deliver to Seller a statement setting forth Purchaser’s calculation of the Disallowed Costs.

  • With respect to a Dispute related to any Cost Event or Additional Deduction ("COST EVENT DISPUTE"), if the parties cannot promptly resolve a Cost Event Dispute within ten (10) days after written notice is provided from one party to another of the existence of such Cost Event Dispute, the Cost Event Dispute will be submitted to the Management Committee (defined below) for resolution.

  • Lender will promptly notify Borrower of any Increased Cost Event occurring after the date hereof, of which it has knowledge, which would entitle Lender to compensation pursuant to this Section 3.10.

Related to Cost Event

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Adjustment Event means each of the following events:

  • Optimal Adjustment Event With respect to any Class of Class B Certificates and any Distribution Date, an Optimal Adjustment Event will occur with respect to such Class if: (i) the Principal Balance of such Class on the Determination Date succeeding such Distribution Date would have been reduced to zero (regardless of whether such Principal Balance was reduced to zero as a result of principal distribution or the allocation of Realized Losses) and (ii) (a) the Principal Balance of any Class of Class A Certificates would be subject to further reduction as a result of the third or fifth sentences of the definition of Principal Balance or (b) the Principal Balance of a Class of Class B Certificates with a lower numerical designation would be reduced with respect to such Distribution Date as a result of the application of clause (ii) of the definition of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance or Class B-6 Principal Balance.

  • Put Event means the occurrence of:

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference Instrument: