Exogenous Costs definition

Exogenous Costs means any unanticipated cost increases or decreases for Brooklyn Union or LILCO's gas operations resulting from any new mandatory regulatory, legislative or accounting change or tax law change, each in excess of three percent (3%) of pre-tax utility income for the year in which the change first occurs.
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Exogenous Costs shall be those costs which result in either a positive or negative change in the Manager's costs of providing services hereunder within the Scope of Services which are (i) outside of the Manager's control and (ii) not otherwise reflected in the New York Region CPI, and which directly result from one or more of the following: (1) Change in Law (including tax law, except with respect to the Manager's income tax), regulation or GAAP, but only if and to the extent that such changes are applicable to electric utilities operating in New York State, (2) change in the New York Public Service Law or NYSPSC regulation, but only if and to the extent that such change relates to the safety and reliability of the operation of the T&D System and are adopted as part of the System Policies and Procedures and (3) acts of terrorism.
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Examples of Exogenous Costs in a sentence

  • The Manager shall be entitled to reimbursement from LIPA, and shall be required to credit to LIPA's account any Exogenous Costs which the Manager incurs during a Contract Year to the extent that the Manager incurs net Exogenous Costs for that Contract Year (i.e., after giving effect to any Exogenous Cost benefits credited to LIPA during such year) in excess of Three Million Dollars ($3,000,000) in the aggregate.

  • The Manager shall be reimbursed by LIPA for all such Exogenous Costs incurred and billed within thirty (30) days of receipt of an invoice therefor.

Related to Exogenous Costs

  • Excess Costs means, in any Computation Period, the excess of Chargeable Costs associated with Assignee Minerals for that Computation Period over the amount determined by multiplying Assignor’s Net Share of Minerals produced during the Computation Period by the Sales Price for that Computation Period. Excess Costs shall bear interest at the Prime Interest Rate from the end of the Computation Period in which such costs were incurred to the date that Assignor recovers such amounts from Assignee Proceeds.

  • Sales Costs means costs associated with the sale including the cost of advertising, sale direct and indirect costs related to notification such as the cost of any reports required to determine the names of persons having an interest in the property or the status of the property, printing, postage, advertising, posting of the property, title insurance and staff salaries, benefits and overhead costs directly expended to complete the sale.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.