Estimated Monthly Costs definition
Estimated Monthly Costs for a given month means a good-faith estimate made by Service Provider prior the beginning of such month of the total Costs that will be incurred for such month, considering the estimated utility rates and energy usage of past months along with any known changes that may affect these metrics in the given month.
Estimated Monthly Costs for a given month means a good-faith estimate made by Service Provider prior the beginning of such
Examples of Estimated Monthly Costs in a sentence
At the end of each month during the Term, Service Provider will generate a report showing (i) the difference between the Estimated Monthly Costs and actual Costs for such month and (ii) the difference between the Performance Fee paid during such month and the Performance Fee that would have been paid in such month if Net Digital Assets were calculated using actual daily Costs rather than Estimated Daily Costs (“Performance Fee Adjustment”).