Cumulative Costs means (1) with respect to the initial Plan Year, the product of (a) the difference between the premiums paid under the Bank-Owned Life Insurance during the initial Plan Year minus the death benefits received from the Bank-Owned Life Insurance during the initial Plan Year, multiplied by (b) the sum of one plus the Annual After-Tax Cost-of-Funds Rate for such Plan Year; (2) with respect to each subsequent Plan Year, the sum of (z) the product of Cumulative Cost of the prior Plan Year multiplied by the sum of one plus the Annual After-Tax Cost-of-Funds Rate for such Plan Year plus (y) the difference between the premiums paid under the Bank-Owned Life Insurance during such Plan Year minus the death benefits received from the Bank-Owned Life Insurance during such Plan Year. An example of the computation of Cumulative Costs is attached to this Agreement on Exhibit A.
Cumulative Costs means all Petroleum Costs in the Production Area, actually incurred by the CONTRACTOR until the end of the relevant Semester, determined in accordance with Article 26.7. Notwithstanding the foregoing provisions of this Article 26.4, for the period from First Production until the end of the Calendar Year in which First Production occurs, the “R” Factor shall be deemed to be less than one (1).
Cumulative Costs means the total actual cost (excluding "soft costs") of a project, which represents the aggregate cost of all contracts, vendors and service providers hired in connection with such project. Application for payments shall be submitted monthly by Manager and the applicable Property Owner shall make payments owing hereunder within thirty (30) days after such Property Owner's receipt of the application with satisfactory supporting documentation.
Examples of Cumulative Costs in a sentence
The higher levels are understood to encompass attributes from the lower levels.Elements of both Bennett et al.’s [1] and Barrie’s [2] schemas can be seen also in Eraut’s[12] classification of graduate attributes.
As part of that process, TRLIA submitted a Final Statement of Costs dated August 15, 2011 that presented the Total Cumulative Costs incurred for the Project for those Features and Elements that TRLIA deemed complete and had satisfied the requirements of Section 17 for the partial release of retention.
Prior Period Cumulative Costs Incurred Costs as specified for each software category above from beginning of project (or 9/30/00, whichever is later) through BOP.
Fill in the sum of the amounts shown in the 2nd column (Cumulative Costs Incurred to Date).
Table 3Annual and Cumulative Costs for Option C Totals Table 4 includes totals for Options A, B, and C for the annual costs, as well as the cumulative cost for 40 years, 2010 through 2050.
More Definitions of Cumulative Costs
Cumulative Costs means the total, from the Effective Date until the end of the previous Quarter, of the Petroleum Exploration Costs and the Petroleum Development Costs incurred by the Participants, as defined and determined according to the provisions of the Accounting and Financial Procedure in the Appendix B.
Cumulative Costs means the total, collective expenditure by the Municipality and the DOT to complete the Design Project (defined in section 1.7).
Cumulative Costs means with respect to the initial Plan Year, the difference between (i) the premiums paid under the Bank-Owned Life Insurance during the initial Plan Year minus (ii) the death benefits received by the Bank from the Bank-Owned Life Insurance during the initial Plan Year.
Cumulative Costs means, with respect to each subsequent Plan Year, the sum of (x), (y), and (z) where:
Cumulative Costs has the meaning given in Article 14.6.
Cumulative Costs means all Exploration Costs, Development Costs, Production Costs, Operating Costs and Abandonment Costs, including Service, General and Administrative Costs, in respect of the Contract Area, actually incurred and paid by the Contractor from the Effective Date until the end of the Quarter preceding the relevant Quarter.
Cumulative Costs means the identified and documented direct costs incurred by each party directly related to the research and development of each PRODUCT and direct costs associated with PROGRAM INTELLECTUAL PROPERTY filing, prosecution, and maintenance covering each PRODUCT. CUMULATIVE COSTS exclude costs not directly related to the development of a PRODUCT and the PROGRAM INTELLECTUAL PROPERTY claiming such PRODUCT, and shall stop incurring for a PRODUCT and the PROGRAM INTELLECTUAL PROPERTY claiming such PRODUCT upon the earlier of (i) its licensing to a third party; (ii) upon its first regulatory approval as obtained by 4-AB; (iii) the transfer or assignment of rights to a PRODUCT or PROGRAM INTELLECTUAL PROPERTY claiming such PRODUCT obtained under or as a result of this Agreement to a third party. CUMULATIVE COSTS for each such PRODUCT may be deducted from anything of value received for rights in a PRODUCT and the PROGRAM INTELLECTUAL PROPERTY claiming such PRODUCT, whether cash or anything received in lieu of cash for such rights. CUMULATIVE COSTS shall be disclosed annually to the JOINT MANAGEMENT COMMITTEE for approval and any unapproved costs shall not be considered CUMULA TIVE COSTS. For clarity, the CUMULA TIVE COSTS of each PRODUCT and the PROGRAM INTELLECTUAL PROPERTY, or part thereof, claiming such PRODUCT can only be deducted from the monetary realization of each such specific instance. By way of non-limiting example only, CUMULATIVE COSTS associated with PRODUCT 1 shall exclude expenses related to a clinical trial for development of PRODUCT 2, shall not include PROGRAM INTELLECTUAL PROPERTY claiming PRODUCT 2, and cannot be deducted from licensing revenue of PRODUCT 2.