Other Variable Costs definition
Other Variable Costs or “OVC” means all the variable costs detailed in Annex B to this Exhibit B.
Other Variable Costs or “OVC” means all the variable costs detailed in Exhibit B attached hereto. “Owner” means Fertilizer Company or Refinery Company, as the context requires.
Other Variable Costs means the variable current expenses incurred by the Company in performing under the Processing Agreement, specifically including inventory losses in excess of the amount permitted under the Processing Agreement and costs incurred by the Company for goods, services, feedstocks, chemicals and additives (including taxes included as part of such costs) and out-of-pocket third party expenses for maintenance, and any incremental increase in real property Taxes for the Owned Real Property if the Company or Purchaser receives a revised property Tax assessment during the Earn-Out Period that is directly attributable to restarting Crude Unit #1 and the related equipment and assets, and specifically excluding Net Energy Costs, salary and compensation costs, depreciation, amortization, interest, Taxes (except as specifically described above) and insurance, all calculated in accordance with GAAP for each Contract Year.
Examples of Other Variable Costs in a sentence
Monthly Variable Fee ($100,800) = RCV (90,000 mscf per Month) * [(NGP*.52) + OVC] [($3.00*.52) - $0.44] - Monthly Excess Fee The Monthly Excess Fee is equal to the REV multiplied by the sum of (a) 52% of the Natural Gas Price plus (b) Other Variable Costs and (c) Fixed Costs per mscf (see the formula below).
More Definitions of Other Variable Costs
Other Variable Costs means the cost attributable to [***].