Other Variable Costs definition

Other Variable Costs or “OVC” means all the variable costs detailed in Annex B to this Exhibit B.
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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.
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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.
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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 [***].
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Related to Other Variable Costs

  • Variable Costs means the Train Operator’s costs which vary as a result of a Category 3 Disruption, a Relevant Cancellation or a Relevant Service Variation (as the case may be) arising directly from changes in train mileage including staff, maintenance, fuel or electricity costs, and the Variable Charge.

  • Variable Charge means the charge that varies according to kgtm and is calculated in accordance with the formula set out in paragraph 2.2.1, summed across all Services;

  • Incremental Costs means all reasonable additional costs properly and reasonably incurred by Network Rail in respect of any modification referred to in paragraph 2.8, being the additional reasonable costs (if any) to Network Rail in respect of its obligation to maintain and operate the Network, but excluding:

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Fixed Costs means costs which do not vary with consumption or volume produced;