Outturn Cost definition

Outturn Cost or "OTC" means, in relation to the relevant PBF Assessment Period, the aggregate of all Costs (excluding Disallowable Costs, Unreimbursed Disallowable Costs and Capital Expenditure) expressed as a positive number, as set out in the Audited Accounts Reconciliation provided pursuant to paragraph 9.4 (Annual Financial Information) of Schedule 11.2 (Management Information);
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Examples of Outturn Cost in a sentence

  • For clarity, the payment of any deductible in accordance with this Section will not alter or lead to a change to the Target Outturn Cost.

  • Products Purchased: Product Name Quantity Purchased (Tonnes) Total Out-turn Cost (incl.

  • In the event that, at the time a deductible under such insurance is paid, the aggregate of the Actual Outturn Cost of performing the Works under this Agreement has exceeded the Target Outturn Cost, the deductible paid by the Owner will not be treated as an Actual Cost under this Agreement.

  • For clarity, it will be a relevant consideration as to whether the Owner’s Representative shall be considered to be acting reasonably for the purposes of this Section 28.4.2 where the Adjustment Event will result in increases in the Target Outturn Cost beyond‌ the PAA Project Estimate Limit which will require the Owner to secure additional funding for the Works.

  • The costs of obtaining any Additional Lands under this Section 15.1.4 are Actual Cost incurred by a Participant and, for clarity, do not give rise to any adjustment to the Target Outturn Cost.

  • Lot No. : Lot 2 Plumbing Services (excluding gas works but including PSCS) Total Out-turn Cost (incl.

  • Defined terms set out in the Commercial Framework apply in this Agreement and the following definitions apply in this Agreement: Actual Outturn Cost or AOC means the sum of all Direct Costs actually incurred by the Alliance Participants in performing the work under our Agreement to bring the Alliance Works to Final Completion plus the Fee paid or payable by RTA to Council.

  • The Target Outturn Cost (TOC) is a figure extracted from the TCE.

  • Defined terms set out in the Commercial Framework apply in this Agreement and the following definitions apply in this Agreement: Actual Outturn Cost or AOC means the sum of all Direct Costs actually incurred by the Alliance Participants in performing the work under this Agreement to bring the Alliance Works to Final Completion plus the Fee paid or payable by RTA to the NOPs. Alliance has the meaning given to it in Recital D.

  • Lot No. : Lot 1 Plumbing Services (excluding gas works & excluding PSCS) Total Out-turn Cost (incl.

Related to Outturn Cost

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Formation Cost means preliminary expenses relating to regulatory and registration fees of the Scheme, flotation expenses of the Scheme, expenses relating to authorization of the Scheme, execution and registration of the Constitutive Documents, legal costs, printing, circulation and publication of this Offering Document, announcements describing the Scheme and all other expenses incurred until the end of the Initial Period.

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • 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.