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

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.
C = an agreed administration fee to the Authority or in the event of the Authority deciding to exercise its right to step-in13 in accordance with Clause 61 of the Project Agreement any Rectification Costs.

More Definitions of Rectification Costs

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 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 has the meaning given in Schedule 20 - Compensation on Termination.

Rectification Costs for the purposes of any Termination Date that occurs during the Services Period, an amount equal to the reasonable and proper costs incurred by the Authority in a particular Month or for part of a Month in ensuring that the Services are available, including for the avoidance of doubt any costs or liabilities accrued or incurred or payments made by the Authority in complying with its obligations under or in connection with the SRF Offtake Contract(s) following the exercise by the Authority of its step-in rights under the SRF Offtake Contract Direct Agreement(s) Provided that the Authority shall not include in such amount the costs or liabilities it would otherwise have incurred pursuant to the operation of the SRF Gainshare Mechanism described in paragraph 7 of Schedule 5 (Payment Mechanism);

Rectification Costs as defined in Clause 43 (Definitions);

Rectification Costs 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;