Payable Costs definition

Payable Costs means, on any Calculation Date preceding a Monthly Payment Date, the sum of:
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Payable Costs means the direct and indirect costs incurred in connection with the performance of the Project by Owner or a Risk Pool Member pursuant to ARTICLE 9, but does not include Profit.
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Examples of Payable Costs in a sentence

  • Alvarion has, or will have at the Closing, sufficient cash or cash equivalent funds to pay the aggregate amount of Per Share Cash Consideration and all Accounts Payable Costs.

  • A major purpose of the Risk Pool Plan is to establish incentives for participants to collectively achieve savings in the Payable Costs relative to the Expected Cost, and to place the Risk Pool Members’ profits at risk to fund certain potential cost overruns.

  • The Issuer shall redeem Floreat Aviation Notes Series A by paying an amount equal to the Non Issued Amount minus the Payable Costs to the Noteholders (in accordance with the Priority of Payments) on such Early Redemption Date in accordance with Condition 7.

  • If there is a net increase in the Payable Costs, the Profit of Risk Pool Members, as applicable, shall be adjusted in accordance with the Contract Documents.

  • If Owner’s accountants report the Payable Costs to be less than claimed, the Parties shall proceed to dispute resolution in accordance with ARTICLE 18.

  • Except to the extent such damage or loss results from Constructor’s fraud or willful misconduct, all costs and expenses incurred by Constructor in connection with such remedial work are reimbursable as Payable Costs but will not increase or decrease the EMP, Target Cost, Expected Cost, or Allowable Cost.

  • Any Payable Costs which exceed the EMP shall be paid by Owner per ARTICLE 9 unless the EMP Amendment provides otherwise.

  • As part of the Validation Study, the Core Group shall develop and approve an estimate of the Expected Cost, which shall include a proposed Project budget including the Payable Costs, all IPD Team compensation and contingencies (including an IPD Team Contingency), a proposed Risk Pool Plan showing participants and their respective risk pool amounts, and a proposed Project Schedule including major milestone dates.

  • As mutually agreed, the Party receiving the recovery shall either make distribution of the recovery of Payable Costs among the Parties on behalf of Owner or else reimburse Owner in the amount of the recovery of Payable Costs.

  • As part of the process of determining final payment, the Core Group shall determine the total Payable Costs for the Project.