Operational Expenditures definition

Operational Expenditures means any sales and marketing, general and administrative or research and development expenditure determined in accordance with GAAP, but excluding any non-cash compensation or other expenditures (including amortization and depreciation) and, for the avoidance of doubt, excluding costs of goods sold.
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Operational Expenditures means operational expenditures of the Company (not to include Development Costs for any portion of the Pipeline then completed) made in accordance with the Annual Budget (as amended and in effect from time to time) required to be expensed in accordance with GAAP, including but not limited to operating expenses and general, administrative or overhead expenses of the Company.
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Operational Expenditures means incremental recurrent expenditures incurred by the Borrower in connection with the carrying out of the Project, including salaries of the PRONACOM Management Unit, transportation costs and per-diem for management and supervision of the Project and the fee to be paid by the Borrower to external auditors in connection with the carrying out of the audits mentioned in Section 4.01 (b) of this Agreement.
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Examples of Operational Expenditures in a sentence

  • The Operational Expenditures Reserve will fund the operating costs associated with these key projects.

  • The Republic of Korea shall contribute eighty percent (80%) of the annual Operational Expenditures, whereas the other Parties shall each contribute one percent (1%) of the annual Operational Expenditures or a fixed amount of not less than thirty thousand US dollars (USD 30,000).

  • If such expenditure, aggregated with any Reasonable Unforeseen Operational Expenditures previously made, does not exceed $50,000, such expenditure shall automatically be deemed a “Reasonable Unforeseen Operational Expenditure”, and upon written notice to Lender, shall be excluded from the calculation of an Excess Budget Variance.

  • Each Lease Year will constitute a separate accounting period for the purpose of computing Base Rent, Percentage Rent, Capital Improvement Expenditure, Operational Margin, Operational Expenditures, and Gross Revenue (all as defined below) for any Lease Year.

  • Operational Margin shall be calculated by subtracting Tenant’s Operational Expenditures (as outlined below) for the Lease Year from Tenant’s Gross Revenue (as defined in Section 6.9) for the Lease Year.

Related to Operational Expenditures

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk's office and

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.