PSC Costs definition

PSC Costs means expenditures made and obligations incurred in carrying out Petroleum Operations under the Bengara-II PSC as determined in accordance with the Accounting Procedure attached thereto as Exhibit “C” which shall by definition be included within JV Costs. PSC Costs shall include Operating Costs; Capital Costs and Non-Capital Costs as defined in both the PSC and JV Accounting Procedures.
Sample 1
PSC Costs mean all costs, excluding Corporate Overhead, incurred by PSC in the performance and provision of the Services pursuant to this EPI Agreement. To be chargeable to SBC, costs shall, unless otherwise mutually agreed, be accounted for using (i) generally accepted accounting principles, and (ii) using reasonable cost accounting practices. "Corporate Overhead" means the costs of the Office of PSC Chairman, Office of the PSC CEO and President, Office of the Global Financial Services Industry, and the corporate (as contrasted with SBC Account) costs of the Marketing, Finance, HR, Legal, Internal Audit, Travel, Sales Procurement, Real Estate, Internal Systems and Recruiting Departments, all to the extent such costs are for the general support of PSC on a corporate-wide basis, and not for the direct support of providing the Services pursuant to this EPI Agreement where such direct support costs are allocated on a use, consumption or incurrence of cost basis. SBC will notify PSC within nine (9) months of receipt by SBC of any invoice containing a cost item that SBC reasonably believes to be of a class or character (but not an amount) that SBC or a third Person similarly situated with PSC could not reasonably be expected to incur in performing the Services. Such written notice will set forth the basis for SBC's belief in reasonable detail. SBC and PSC will discuss the issues raised in such notice for a period of up to thirty (30) days following its delivery to PSC, and if not resolved during the first twenty (20) days of such period, there will be a meeting between the CEO of Perox Xxxtems and the Operational Manager of SBC prior to the end of such thirty (30) day period. Any dispute between PSC and SBC with respect to the foregoing that is not mutually resolved by PSC and SBC within such thirty (30) day period will be resolved in accordance with Section 7.4 of the Master Operating Agreement with the "arbitration panel" referred to in that Section being one of the six (6) largest internationally recognized firms of public accountants. PSC Costs will include:
Sample 1

Examples of PSC Costs in a sentence

  • The PSC and the PSC Accounting Procedure define three specific types of costs particularly meaningful with regard to the PSC Costs which are subject to cost recovery as defined and described in the PSC.

  • Mobility Justice centers people over profit, property or placemaking, and prioritizes the community’s lived experiences and aspirations as the primary driver of change and progress.

  • All costs incurred by PSC in providing this ongoing assistance will be PSC Costs in addition to those reflected in the 2000 PSC Costs Budget.

  • PSC, on an annual basis, will update and provide to SBC a twelve (12) month operational plan for the Services to be provided by PSC under this Agreement, which will include plans for reducing PSC Costs and will establish suggested Performance Metrics for the Services.

  • NASD Rule 4613(e) discusses the obligations of ‘‘market makers’’ with regard to locked and crossed markets.

  • Notwithstanding anything to the contrary in this Appendix or elsewhere in the EPI Agreement, SBC acknowledges and agrees that PSC may assign to SBC, and SBC will assume from PSC, responsibility for paying directly to the applicable third party vendor any costs that are then included in the PSC Costs.

  • Any revenue from the project needs to be deducted from Base PSC Costs.

  • The PSC Costs Budget and the Equipment and Facilities Budget will be established in accordance with Appendix 1 to this Schedule F.

  • BAKER II, JOHN ) United States District Court Northern District of California 12 S.

  • To enable low income communities to access funding, it is likely that in most cases direct public funding will be required to match private borrowing and thus underpin community led regeneration.

Related to PSC Costs

  • Direct Costs means the sum of the following:

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site, after deduction of all trade documents, rebates and allowances and the discount obtainable for cash insofar as such discount for cash exceeds 2½%.

  • FTE Costs means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Basic Costs means all direct and indirect costs and expenses incurred in connection with the Building as more fully defined in Exhibit C attached hereto.

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • O&M Costs as defined in the Depositary Agreement.

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Sales Costs means all costs, direct and indirect, associated with a foreclosure sale by the City, including but not limited to: county recording fees, title reports or other means of identifying persons with interest in the property, title insurance, service and notification, publication and advertising, posting, sale, and staff salaries, including benefits and overhead.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Advertising Costs The Company will determine with the Agent the amount of advertising that may be appropriate in soliciting offers to purchase the Book-Entry Notes. Advertising expenses will be paid by the Company.

  • Patent Expenses means the fees and expenses of outside counsel and payments to Third Parties incurred after the Effective Date in connection with the preparation, filing, prosecution and maintenance of the Licensed Patents, the Joint Collaboration Patents, and the Shire Patents covering Compound and Collaboration Products, including the costs of patent interference and opposition proceedings, net of any reimbursement of such expenses by Third Parties.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • 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.

  • Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience.

  • Marketing Expenses means the sum of Marketing Management Expenses, Advertising and Market Research Expenses and Education Expenses.