Fixed Operating Cost definition

Fixed Operating Cost shall have the meaning as set forth in Section 13. Force Majeure shall have the meaning set forth in the GTCs. Force Majeure Extension shall have the meaning as set forth in Section 10. Government Official shall mean any official or employee of any government, or any agency, ministry, department of a government (at any level), person acting in an official capacity for a government regardless of rank or position, official or employee of an entity wholly or partially controlled by a government (for example, a state-owned oil company), political party and any official of a political party; candidate for political office, officer or employee of a public international organization, such as the United Nations or the World Bank, or immediate family member (meaning a spouse, child, sibling, parent, or household member) of any of the foregoing. GTCs shall have the meaning as set forth in Section 44. Initial Indication shall have the meaning set forth in Section 8. Initial Nomination shall have the meaning as set forth in Section 8. Initial Term shall have the meaning as set forth in Section 3. In-Service Date shall have the meaning as set forth in Section 2. Intended In-Service Date shall have the meaning as set forth in Section 2. In-Service Deadline is December 31, 2028. IRRX Change of Control shall have the meaning as set forth in Section 26. IRRX KYC Notice shall have the meaning as set forth in Section 26. KYC shall have the meaning as set forth in Sections 4, 23 and 26. KYC Checks shall have the meaning as set forth in Section 26. Loan Agreement shall have the meaning as set forth in Section 41.2(i). Losses shall mean any actual loss, cost, expense, liability, damage, demand, suit, sanction, claim, cause of action, judgment, or lien, including court costs and reasonable attorney’s fees.
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Examples of Fixed Operating Cost in a sentence

  • During the Extended Suspension, STUSCO shall pay a reduced Fixed Operating Cost of [Redacted] and the Capital Costs as shown on Annex I.

  • For each month ------------------------------------------- during the period commencing on the Closing Date through December 31, 2000, the Seller will remit to the Buyer $1,916,666.66 (equal to 1/12 of the Pilgrim Fixed Operating Cost component of the Access Charge (as that term is used in Section 2.1(a) of the Settlement Agreement)), such amount to be pro-rated for any partial month during such period.

  • In the event STUSCO or IRRX provide notice of termination of the Agreement as a result of the events detailed in this Section, neither Party will have any incremental obligations or other liability to the other Party, including, but not limited to, any Fixed Operating Cost or any Capital Cost, subject to the Run-Down process.

  • Pursuant to Section 13, STUSCO will pay IRRX the Fixed Operating Cost, when and if the Fixed Operating Cost is applicable and payable, [Redacted] during the Initial Term.

  • STUSCO shall provide sixty (60) days’ prior written notice to resume Fixed Operating Cost payments and Capital Cost Payments as STUSCO resumes Nominations.

  • INSECURE DOES NOT WARRANT THAT THE NMAP TECHNOLOGY WILL MEET LICENSEE’S REQUIREMENTS OR THAT THE OPERATION OF THE NMAP TECHNOLOGY WILL BE UNINTERRUPTED OR ERROR-FREE, OR THAT ERRORS IN THE NMAP TECHNOLOGY WILL BE CORRECTED.

  • The Customer shall pay its proportionate share of the Capital Cost, Fixed Operating Cost, and Variable Operating Cost.

  • The ▇▇▇▇ shall identify the Capital Cost, the Fixed Operating Cost, the volume of metered water delivered to the Customer during the month, and the corresponding Variable Operating Cost.

  • The Capital Cost and Fixed Operating Cost are payable regardless of the volume of water consumed while the Variable Operating Costs shall be paid according to the volume of metered water delivered to the Customer.

  • This amount will be added to the Fixed Operating Cost Rate that was used for this calculation.

Related to Fixed Operating Cost

  • Operating Cost means the total cost and expense incurred in operating, managing, insuring, equipping, lighting, repairing, maintaining and policing the Real Property, including the exterior of the Real Property and the common areas, and specifically including, without limitation, items of expense for or related to: insurance premiums and deductibles, management, bookkeeping.

  • Approved Operating Expenses means for each Budget Year during the Term the following operating expenses reasonably and actually incurred from the operation and maintenance of Property to the extent that such operating expenses are consistent with the Annual Budget and the Annual Audited Financial Statements:

  • Total Fund Operating Expenses with respect to a Fund is defined to include all expenses necessary or appropriate for the operation of the Fund including the Adviser’s investment advisory or management fee under the Advisory Agreement and other expenses described in the Advisory Agreement that the Fund is responsible for and have not been assumed by the Adviser, but excludes front-end or contingent deferred loads, taxes, leverage expenses, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any.

  • Adjusted Operating Income for each year in the Performance Period is defined as the Company’s net income from continuing operations as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis), adjusted as set forth in the immediately following sentence. In calculating Adjusted Operating Income, net income from continuing operations shall be adjusted as follows: first (A) remove the after-tax effects of the following items: (i) losses (net of reinsurance) from catastrophes (as designated by the Insurance Service Office’s Property Claims Service Group, the Lloyd’s Claim Office, Swiss Reinsurance Company’s sigma report, or a comparable report or organization generally recognized by the insurance industry, and reported by the Company as a catastrophe); asbestos and environmental reserve charges (or releases); net realized investment gains or losses in the fixed maturities and real estate portfolios; and (ii) extraordinary items, the cumulative effect of accounting changes and federal income tax rate changes, and restructuring charges, each as defined by generally accepted accounting principles in the United States, and each as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis); (B) reduced, as to the first year in the Performance Period (20XX), by $XXXXXX, as to the second year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium, and as to the third year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium; and (C) reduced by an amount intended, as of the date of this award, to approximate historical levels of credit losses (on an after-tax basis) associated with the Company’s fixed income investments, determined by (i) multiplying a fixed factor, expressed as 2.25 basis points, by the amortized cost of the Company’s fixed maturity investment portfolio at the beginning of each quarter during the relevant year in the Performance Period and (ii) adding the after-tax sum of the amounts resulting from (i) for such year in the Performance Period.

  • Operating Costs means the incremental operating expenses incurred on account of the Project implementation, management and monitoring including rent for buildings; office, vehicles, office equipment and other operation and maintenance costs; water and electricity utilities, telephone, office supplies, bank charges, additional staff costs, travel and supervision costs, per diem, but excluding the salaries of officials and public servants of the Project Implementing Entity or the Recipient’s civil service.