Deemed Costs definition

Deemed Costs means, for any Performance Period, the excess of (i) the amount by which Contractor is entitled to reimbursement pursuant to the Block Hour Rates then in effect (and, with respect to certain benefits, the reconciliation provisions of Schedule 3) in respect of labor costs (including all wages, salaries, profit sharing and other benefits to all Contractor officers and other employees, including contract employees) over (ii) the amount of such labor costs actually incurred by Contractor in such period.
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Deemed Costs means: (i) the Purchase Price paid by Ivanhoe pursuant to the Asset Transfer Agreement in respect of the Lease in question (with $2,000,000 thereof being allocated to Lease 6, $15,000,000 thereof being allocated to Lease 50, and the balance of the Purchase Price being allocated to Lease 10); plus (ii) all reasonable costs and expenses, including a pro rata share of internal staff costs and overhead that are directly related to the maintenance and development of the Lease in question, incurred by Ivanhoe from and after the date hereof in respect of each such Lease, which shall not in any event exceed what would be recoverable by an operator under articles II, III and IV of the Accounting Procedure, including the overhead rates as provided for in article III thereof; For greater certainty “Deemed Costs” shall only include all or that portion of the Contingent Payment that is actually received by Talisman pursuant to the Asset Transfer Agreement;
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Examples of Deemed Costs in a sentence

  • In the written notice Talisman shall specify which of the Assets it wishes to acquire, the percentage undivided interest(s) it wishes to acquire therein, and the Deemed Costs applicable to each of the Lease 6 Assets, the Lease 10 Assets and/or the Lease 50 Assets, as applicable.

  • In this regard, the Deemed Costs for the applicable Assets shall be as set forth in the Deemed Costs Statement provided pursuant to clause 2.1(b)(i), or if an arbitrator renders a decision in connection therewith, as set forth in the arbitrator’s decision; there shall be no adjustments in connection with the Deemed Costs pursuant to the Pro Forma Conveyance Agreement.

  • Talisman may audit Ivanhoe’s records and supporting documentation relating to the Deemed Costs and the Deemed Costs Statement and the Assets in question, upon request.

Related to Deemed 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.

  • Recovered Costs means any amounts referred to in clauses (d) and/or (e) of the definition of “Defaulted Mortgage Loan Purchase Price” that, at the time of determination, had been previously paid or reimbursed to any Servicer from sources other than collections on or in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation, from collections on or in respect of loans other than the Mortgage Loan).

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

  • Qualified Costs means an electric utility's regulatory assets as determined by the commission, adjusted by the applicable portion of related investment tax credits, plus any costs that the commission determines that the electric utility would be unlikely to collect in a competitive market, including, but not limited to, retail open access implementation costs and the costs of a commission approved restructuring, buyout or buy-down of a power purchase contract, together with the costs of issuing, supporting, and servicing securitization bonds and any costs of retiring and refunding the electric utility's existing debt and equity securities in connection with the issuance of securitization bonds. Qualified costs include taxes related to the recovery of securitization charges.

  • Estimated Costs means costs estimated by the Authority as likely to be: