Excess Expenditures definition

Excess Expenditures shall have the meaning set forth in Section 2.

Excess Expenditures means the amount under A.R.S. § 42-17051(C) that is certified by the Auditor General’s office.

Excess Expenditures means the difference between:

Examples of Excess Expenditures in a sentence

• If the Municipality requests or orders a type of construction with cost in excess of the Company designated standard construction, recovery of such Excess Expenditures will be subject to Section 5.3(E).

• For example, if a Front End Developer incurs Excess Expenditures under a Servicing Agreement in the amount of $3 million, and as a result they qualify for a RIS Fund Rebate in the amount of $3 million, but they receive Paid Normal Developer Rebates in the amount of $1 Million prior to receiving the RIS Fund Rebate, then the RIS Fund Rebate shall be reduced to $2 million, which is the value of the Outstanding Normal Developer Rebates.

• Where Special Facilities are requested or ordered by a Municipality which is not a City, or in circumstances other than those addressed in Section 5.3(E)(3), and payment is not made or arranged by the Municipality, the Company may seek approval of the Commission to allow the Excess Expenditures to be the responsibility of the Company's customers residing within the Municipality andmay seek approval by the Commission pursuant to Minn.

• Excess Expenditures for subsequent, additional City requested or ordered Special Facilities may be added to the Tracker Account balance at any time to the extent additional Excess Expenditures are incurred by Company.

• If the City does not respond in writing within the sixty (60) days, it is deemed to have elected not to pay any portion of the Excess Expenditures and will have waived its right to object to the Company’s right to surcharge ratepayers in the City for the Excess Expenditures.

More Definitions of Excess Expenditures

Excess Expenditures shall have the meaning set forth in section 5.1.

Excess Expenditures means the amount certified by the Auditor General’s office.

Excess Expenditures means that portion of costs of Cost Shareable Infrastructure which exceeds a developer’s proportionate share of the infrastructure costs. In the absence of the RIS Fund, Excess Expenditure costs for Cost Shareable Infrastructure are recovered from Subsequent Developers through charges to Subsequent Developers as conditions of their subdivisions or development permits.

Excess Expenditures shall have the meaning set forth in Partnership Agreement.

Excess Expenditures is defined in Section 2.6(b).

Excess Expenditures means the amount by which all Cap Ex Expenditures exceed $486,251.

Excess Expenditures means, for each calendar year (commencing with 1998) or portion thereof, the excess of (a) the capital expenditures (including without limitation interest) made by the Partnership as reasonably determined by the General Partner to be reasonably required in respect of the Property for such calendar year or portion thereof over (b) four (4) percent of the Gross Revenues (as defined in the Management Agreement) from the Property for such calendar year or portion thereof (annualized for partial years).