Covered supplier cost definition

Covered supplier cost means an expenditure made by an entity to a supplier of goods for the supply of goods that (i) are essential to the operations of that entity at the time at which the expenditure is made; and (ii) is made pursuant to a contract, order or purchase order (a) in effect at any time before the covered period with respect to the applicable covered loan; or (b) with respect to perishable goods, in effect before or at any time during the covered period with respect to the applicable covered period.”
Sample 1
Covered supplier cost means expenditures for the supply of goods that— (A) are essential to the operations of the entity at the time at which the expenditure is made; and (B) is made pursuant to a contract, order, or purchase order— (i) in effect at any time before the loan covered period; or (ii) with respect to perishable goods, in effect before or during the loan covered period.
Sample 1

Examples of Covered supplier cost in a sentence

  • Additional Covered Expenses (Cont.)• Covered supplier cost - An expenditure made by an entity to a supplier of goods that is:• Essential to the operations of the entity at the time at which the expenditure is made, or• Is made pursuant to a contract, order, or purchase order that was either 1) in effect at any time before the covered period with respect to the loan, or 2) with respect to perishable goods, in effect before or at any time during the period.

  • Costs related to property damage, vandalism, or looting due to public disturbances that occurred during 2020, that were not covered by insurance or other compensation• Covered supplier cost.

Related to Covered supplier cost

  • Supplier/Contractor means the individual, firm or company with whom the contract has been concluded for supplying the Goods and Services under the Contract. The Supplier/Contractor shall be deemed to include its successors (approved by the purchaser), representatives, heirs, executors, administrators and permitted;

  • END USER CUSTOMER LOCATION means the physical location of the premises where an End User makes use of the telecommunications services.

  • Travel Supplier means any entity or organization that coordinates or supplies travel services for You.

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • Supplier Personnel means Supplier’s employees, consultants, agents, independent contractors and Subcontractors.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • service supplier means any person that supplies a service;

  • Service Equipment means any equipment, Software, systems, cabling and facilities provided by or on behalf of Verizon and used to facilitate provision of the Services at a Customer Site. Ownership of the Service Equipment does not pass to Customer. Service Equipment does not include Verizon Facilities.

  • Third Party Contractor as used in the Student Data Protection Act and “Operator” as used in COPPA. De-Identified Information (DII): De-Identification refers to the process by which the Contractor removes or obscures any Personally Identifiable Information (“PII”) from Education Records in a way that removes or minimizes the risk of disclosure of the identity of the individual and information about them.