Entrustment Cost definition

Entrustment Cost means the total cost of the Entrustment Activities underEA2;
Sample 1

Examples of Entrustment Cost in a sentence

  • The cost of the Day 2 Works, amounting to $0.544 billion, will be taken out from the current Entrustment Cost of $65 billion.

  • Unless the Company receives a written notice from Government, theCompany shall not commence suspending any Third Party Contract, for the purpose of ensuring that the Entrustment Cost does not exceed HK$65 billion (and shall continue to administer the Third Party Contracts in such circumstances).(v) The Company’s liability to Government arising out of, or in connection withG.

  • The Government has also reached an agreement with the MTRCL to put a “cap” on the revised Entrustment Cost at $84.42 billion, and reserves all the rights to pursue the warranties and obligations from the MTRCL.

  • If the actual CTC exceeded the original Entrustment Cost, the Government would need to seek additional resources to bridge the funding gap.

  • Furthermore, upon further discussion, MTRCL considered that over the past few months since the announcement of the revised CTC, they had gained better understanding of the remaining risks and hence there was more 3 Out of the original Entrustment Cost of $65 billion, $0.544 billion has been reserved for the Day 2 Works.

  • The maximum aggregate amount payable by Government to the Company for the Entrustment Cost under the Entrustment Agreement is limited to approximately HK$3,000,000,000.00 per annum and a total in aggregate of approximately HK$15,000,000,000.00.

  • Such additional costs are not within the capped Entrustment Cost of $84.42 billion agreed between the Government and the Corporation, nor do they include the costs of settling other claims that contractors may file as a result of the suspension.

  • Additionally, in the event the Entrustment Cost is forecast such that the financial authority (referred to as a Project Control Total) is exceeded for the Project,7 EA2 states the Government shall take all reasonable steps to obtain an increase (referred to as the “Additional Amount”) or propose an alternative solution.

  • In the Truman administration’s perspective, after its destruction of the independence and democracy of nations in Eastern and Central Europe and now the fall of free Czechoslovakia in its orbit, the Soviet Union posed a real threat to the other free nations in Europe.

  • According to the supplementary agreement signed between the Government and the Corporation on 30 November 2015, costs arising from suspension or termination of works are not covered by the cap on the Entrustment Cost.

Related to Entrustment Cost

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation.

  • Equipment Cost means, for each Unit, the purchase price therefor -------------- paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

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

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Target Cost as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Public improvement costs means the costs of:

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Project Cost means the costs incurred in connection with the

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Carrying Cost means book value of the assets and interest accrued thereon but not received;

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • full insurable value means one hundred percent (100%) of the actual replacement cost of the Property (excluding foundation and excavation costs and costs of underground flues, pipes, drains and other uninsurable items).

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being understood and agreed that Seller shall bear the loss resulting from any free rental period until the Closing Date and that Purchaser shall bear such loss from and after the Closing Date.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.

  • Settlement Costs means: (a) any award of attorneys’ fees, expenses, and costs to Class Counsel approved by the Court; (b) all costs of printing and providing Class Notice to persons in the Settlement Class (including, but not limited to, costs for Mail Notice, Publication Notice, Website Notice, and any different or additional notice that might be ordered by the Court); (c) all costs of administering the Settlement; and (e) the fees, expenses, and all other costs of the Notice Administrator.

  • Property Insurance is defined in Section 6.10(a).

  • Cost Basis means (i) for cash, the dollar amount deposited, and (ii) for the other Permitted Investments, the amount paid, excluding accrued interest, by the holder to buy the United States Treasury Securities or the Money Market Fund shares. These amounts may also be known as the tax basis, book value, or tax cost basis.