Preliminary Expenditure definition

Preliminary Expenditure means expenditure incurred before the commencement of a business if the income to be derived by the business will be wholly and exclusively included in gross revenue, other than expenditure incurred to acquire tangible personal or real property;
Sample 1Sample 2Sample 3
Preliminary Expenditure means Eligible Expenditure in relation to site investigation works, site surveys, environmental appraisals and/or feasibility studies carried out in relation to the Project.
Sample 1Sample 2Sample 3
Preliminary Expenditure means Preliminary Expenditure as defined in Regulation§1.150-2(f)(2); or an amount not in excess of the lesser of $100,000 or five percent (5%) of the proceeds of the issue. The term "Preliminary Expenditure" includes architectural, engineering, surveying, soil testing and similar costs that are incurred prior to commencement of acquisition or construction of the Project, other than land acquisition, site preparation, and similar costs incident to commencement of construction. Preliminary Expenditures are limited to twenty percent (20%) of the aggregate issue price of the Bond that finance, or are reasonably expected to finance, the capital facility for which the Preliminary Expenditure was paid.
Sample 1Sample 2Sample 3

Examples of Preliminary Expenditure in a sentence

  • In an effort to reduce this lag time, as well as assist in generating more timely and accurate final reports, the Department strongly recommends that grantees conduct A Preliminary Expenditure Review.

  • Preliminary Expenditure: (section 35D of the Act) As per Section 35D, the Company is eligible for deduction in respect of preliminary expenditure incurred by the Company in connection with extension of its undertaking or in connection with setting up a new unit for an amount equal to 1/5th of such expenses over 5 successive years in accordance with provisions contained therein.

  • The 1947 statute also mandated that the employees’ rights to the “annuities and other benefits” offered by the retirement system be “vested” and that those “annuities and other benefits … shall not be diminished or impaired by subsequent legislation or by any other means without [their] consent.” Laws of 1947, ch.

  • The other GRB-related aspect of the BC-1 is Part-B, Form-4, entitled Department/Agency Preliminary Expenditure Estimation and Projection.

  • Preliminary Expenditure has been written off over a period of five years.

  • Expenses relating to the issue of GDR are accounted under the head Preliminary Expenditure as Preliminary Expenses.

  • Preliminary Expenditure is written off as per the provisions of AS-26 in the first year of the operation.

  • Preliminary Expenditure Schedule – This column displays the original Appropriation Request entered in the fall at the unit level through stage 60.

  • Preliminary Expenditure is written off in the year in which it is incurred.

  • The main distinction between the two projections is the assumption risk-based managed care and the expedited waiver eligibility program are able to accelerate the pace of rebalancing.Figure 2: Preliminary Expenditure projections, CY 2024 through CY 20299 ($MILLIONS) Projected savings from rebalancing include savings from implementing risk-based managed care as well as from implementing expedited waiver eligibility.


More Definitions of Preliminary Expenditure

Preliminary Expenditure means expenditure incurred by a person before the commencement of a business if the income to be derived by the person will be wholly and exclusively included in assessable income, other than expenditure incurred to acquire real property, a depreciable asset, or an intangible within paragraphs (a) - (e) of the definition of “intangible”;
Sample 1
Preliminary Expenditure means expenditure incurred by a person prior to the commencement of a business, other than expenditure incurred to acquire tangible real or personal property, or an intangible asset within the meaning of (A) or (B) of the definition. See above.
Sample 1
Preliminary Expenditure means expenditure incurred by a person in establishing a business but before the commencement of business operations, but only where the business is to be carried on wholly and exclusively to derive gross revenue, other than expenditure incurred to acquire tangible personal, or real property, or an intangible asset within paragraphs (A) or (B) of the definition of “intangible asset”.
Sample 1

Related to Preliminary Expenditure

  • Ordinary Expenses means the Trustee's ordinary expenses and overhead in connection with its services as Trustee, including the items referred to in the definition of Ordinary Expenses in the Standard Terms.

  • Recovery Expenses means, for any Recovery Quarter, the amount of actual, reasonable and necessary out-of-pocket expenses (other than Capitalized Expenditures) paid to third parties (other than Affiliates of the Assuming Bank) by or on behalf of the Assuming Bank, as limited by Sections 3.2(c) and (d) of Article III to this Commercial Shared-Loss Agreement, to recover amounts owed with respect to (i) any Shared-Loss Asset as to which a Charge-Off was effected prior to the end of the final Shared-Loss Quarter (provided that such amounts were incurred no earlier than the date the first Charge-Off on such Shared-Loss Asset could have been reflected on the Accounting Records of the Assuming Bank), and (ii) Failed Bank Charge-Offs/Write-Downs (including, in each case, all costs and expenses related to an Environmental Assessment and any other costs or expenses related to any environmental conditions with respect to the Shared-Loss Assets (it being understood that any remediation expenses for any such pollutant or contaminant are not recoverable if in excess of $200,000 per Shared-Loss Asset, without the Assuming Bank having obtained the prior consent of the Receiver for such expenses); provided, that, so long as income with respect to a Shared-Loss Loan is being prorated pursuant to the arithmetical formula in subsection (II) of the definition of “Recoveries”, the term “Recovery Expenses” shall not include that portion of any such expenses paid during such Recovery Quarter to recover any amounts owed on that Shared-Loss Loan that is derived by: subtracting (1) the product derived by multiplying:

  • Delivery Expenses means all costs, taxes, duties and/or expenses, including stamp duty, stamp duty reserve tax and/or other costs, duties or taxes arising from the Delivery of the Asset Amount.

  • Extraordinary Expense shall have the meaning set forth in Section 5.1.11(e) hereof.

  • Extraordinary Expenses means all expenses incurred by the Fund outside of the ordinary course of its business, including, without limitation, costs incurred in connection with any claim, litigation, arbitration, mediation, government investigation or dispute and the amount of any judgment or settlement paid in connection therewith, or the enforcement of the Fund’s rights against any person or entity; costs and expenses for indemnification or contribution payable by the Fund to any person or entity (including, without limitation, pursuant to the indemnification obligations contained in the Trust Instrument); expenses of a reorganization, restructuring or merger of the Fund; expenses of holding, or soliciting proxies for, a meeting of shareholders of the Fund; and the expenses of engaging a new administrator, custodian, transfer agent, escrow agent or other major service provider.

  • Independent expenditure means an expenditure by a person:

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Excluded Expenditure means any expenditure:

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Emergency Expenditure means any of the Eligible Expenditures set forth in the CERC Operations Manual in accordance with the provisions of Section I.G of Schedule 2 to this Agreement and required for the activities included in the CERC Part of the Project.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Operating Expenditures means all Partnership Group cash expenditures (or the Partnership’s proportionate share of expenditures in the case of Subsidiaries that are not wholly owned), including taxes, compensation of employees, officers and directors of the General Partner, reimbursement of expenses of the General Partner and its Affiliates, debt service payments, Maintenance Capital Expenditures, repayment of Working Capital Borrowings and payments made in the ordinary course of business under any Hedge Contracts, subject to the following:

  • Expenditure means the outlay of cash or the amount due and owing after receipt of goods or services included in the Scope of Work.

  • Prepaid Ordinary Expenses shall be zero for this Series.

  • Exploration Expenditures means the sum of:

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Operating Budget has the meaning given in Section 3.11(a).

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property or Property which secures Other Recourse Debt that are the responsibility of the Borrower or the applicable Material Subsidiary that are not paid directly by any Tenant, but excluding depreciation, amortization, interest costs and maintenance capital expenditures.

  • Capital Expenditure means expenditure on:

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Capital Budget has the meaning given in Section 3.11(a).

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.F of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.

  • Permitted Expenses means the reasonable and documented costs and expenses incurred by the Agents and the Lenders (and their respective agents or professional advisors) in connection with the preparation, administration, amendment and due diligence of this Agreement and the other Credit Documents and, which costs and expenses the Borrower shall reimburse to the Administrative Agent or shall pay or cause to be paid in accordance with the Credit Documents. “Permitted Expenses” shall include, without limitation, the expenses set forth in Sections 5.10 and 9.2 hereof.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.