Rectification Costs definition

Rectification Costs means those costs that you incur as a result of the use of external consultants, contractors or advisers or any additional costs that you incur to pay your employees.For the avoidance of doubt, rectification costs do not include any hardware costs, basic salaries of your employees or your office expenses or any payments that you have paid or agreed to pay as part of any service or maintenance contract.
Rectification Costs means, for the purposes of any Termination Date that occurs after the Actual Completion Date [a Phase Actual Completion Date], an amount equal to the reasonable and proper costs incurred by the Authority in a particular month or part of a month in ensuring that the Services are available;
Rectification Costs means, for the purposes of any Termination Date that occurs during the Custodial Service Period, an amount equal to the reasonable and proper costs incurred by the Authority in a particular Month or part of a Month in ensuring that the Custodial Service is available;

Examples of Rectification Costs in a sentence

  • The Trustee acknowledges that Aurizon may seek to include Aurizon Defect Rectification Costs in the Regulatory Asset Base as part of the capital cost of the Total Extension Infrastructure.

  • To compensate for this difference, it is necessary to introduce the reflection coefficients at the rear surface.40 To do so, we introduce a virtual secondary source located at the rear surface.

  • See section 5.5.6.12 Recovery of Rectification Costs and other Costs which may be incurred If the TDC determines that a Post-Final Settlement Run or Extra-Settlement Determination should be performed, the TDC may determine that a particular Party or Parties shall bear all or part of the cost incurred.

  • If the C-70 Project Agreement is terminated during the Operating Period for Developer Default, the Parties agree that BE shall be responsible for all components of the Termination Amount, payable from any legally available funds of BE, provided that BE shall credit CDOT for any Maintenance Rectification Costs included in the Termination Amount.

  • Rectification Costs incurred by the State.For the avoidance of doubt, the Post Termination Quarterly Amount can be an amount that is less than zero.


More Definitions of Rectification Costs

Rectification Costs for the purposes of any Termination Date that occurs during the Service Period an amount equal to the reasonable and proper costs incurred by the Councils in a particular Payment Period or part of a Payment Period in ensuring that the Services are available;
Rectification Costs means any costs, charges or losses suffered or incurred by us, your Employees or any third party, as a result of or in connection with incorrect
Rectification Costs has the meaning given in Schedule 20 - Compensation on Termination.
Rectification Costs means, for the purposes of any Termination Date that occurs during the Service Period, an amount equal to the reasonable and proper costs incurred by the Authority in a particular month or part of a month in ensuring that the Service is available;
Rectification Costs means, for the purposes of any Termination Date that occurs during the Service Period, an amount equal to the reasonable and proper costs incurred by the Institution in ensuring that the Services are available;464
Rectification Costs means for the purposes of any Termination Date that occurs during Service Provision, an amount equal to the reasonable and proper 11 In defining "Qualifying Institution" project teams should have regard to footnote 17 of chapter 34 (Refinancing) of SoPCv4 12 This option is appropriate where the P2P system will be used. costs incurred by the Authority in a particular month or part of a month in ensuring that the Services are Available and/or that a Change to the Services is completed; "Rectification Period" is as defined in Schedule 13 (Payment Mechanism);
Rectification Costs means any costs incurred by the Owners Corporation in repairing or replacing a Hot Water Unit excluding the Owners Corporation’s obligation for general repair and maintenance of Common Property required on account of fair wear and tear.