QCiL Construction Event Costs definition

QCiL Construction Event Costs means, in relation to a QCiL Construction Event, all irrecoverable and unavoidable out-of-pocket costs (including QCiL Tax Liabilities) which have been, will be or are reasonably likely to be incurred in respect of the Project by the Generator arising directly from such QCiL Construction Event occurring, if and to the extent that such costs constitute:
QCiL Construction Event Costs means, in relation to a QCiL Construction Event, all out- of-pocket costs (including QCiL Tax Liabilities) which are irrecoverable and unavoidable by the Emitter acting in accordance with the Reasonable and Prudent Standard and which have been, will be or are reasonably likely to be incurred following the Agreement Date in respect of the Project by the Emitter arising directly from such QCiL Construction Event occurring, if and to the extent that such costs constitute:
QCiL Construction Event Costs means, in relation to a QCiL Construction Event, all irrecoverable and unavoidable out-of-pocket costs (including QCiL Tax Liabilities) which have been, will be or are reasonably likely to be incurred in respect of the Project by the Emitter arising directly from such QCiL Construction Event occurring, if and to the extent that such costs have been incurred by the Emitter (or an Affiliate of the Emitter on the Emitter's behalf) following the Agreement Date and such costs constitute:76

Related to QCiL Construction Event Costs

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Operation and Maintenance Costs means the costs of: