Recurrent Costs definition

Recurrent Costs means the reasonable costs of salaries, allowances, and related costs of teachers and other education staff of public primary, elementary and secondary schools, as well as district and sub-divisional offices.

Recurrent Costs means expenses in relation to operating costs (communication, telecommunication, gas, office supplies and equipment expenses) incurred by entities participating in the implementation of the Project, training of personnel and strengthening said entities’ capacities, monitoring and evaluation activities and studies, within the Annual Work Plan agreed upon between the Borrower and the Bank and excluding salaries.

Recurrent Costs under Category V, shall mean eligible expenditures for operating costs, salaries and allowances.

Examples of Recurrent Costs in a sentence

• In no case will the prices for these Software exceed those quoted by the Supplier in the Recurrent Costs tables in its bid.

• In no case will the prices for these Software exceed those quoted by the Supplier in the Recurrent Costs tables in its tender.

• Prices for Recurrent Costs beyond the scope of warranty services to be incurred during the Warranty Period, defined in GCC Clause 29.4 and prices for Recurrent Costs to be incurred during the Post-Warranty Period, defined in SCC Clause 1.1. (e) (xiii), shall be quoted as Service prices on the Recurrent Cost Sub-Table in detail, and on the Recurrent Cost Summary Table in currency totals.

• N + M representing each year of the combined Warranty Service and Post-Warranty Service Periods.Rx = total Recurrent Costs for year “x,” as recorded in the Recurrent Cost Sub-Table.

• The Recurrent Costs (R) are reduced to net present value and determined using the following formula: where N = number of years of the Warranty Period, defined in SCC Clause 29.4M = number of years of the Post-Warranty Services Period, as defined in SCC Clause 1.1.(e) (xii) x = an index number 1, 2, 3, ...

More Definitions of Recurrent Costs

Recurrent Costs means costs which are not of a capital cost nature and which will recur over a period of time; “Reference Exchange Rate” means on any Business Day and in respect of the sale of an amount of US Dollar for Rupees, the quotation given by the Project Company Nominated Bank for the sale of such amount of United States Dollars for Rupees; “Reimbursable Taxes” means the expenses directly, necessarily and actually borne by the Project Company for the performance of obligation under this Agreement in relation to the Project on account of any and all taxes, duties and levies, including gross receipts, business turnover, use, consumption, property, franchise, occupational, excise duties, customs duties, defence levy, outgoings under the Lease, however imposed, withheld, levied, or assessed in relation to the Project Company’s business in the Wind Farm Facility, by the Government of Sri Lanka, or any governmental instrumentality of Sri Lanka or any other taxation authority in Sri Lanka; but excluding, Sales Taxes, stamp duty, and all taxes, imposts, duties or levies of whatever kind or nature however imposed that the Project Company may become liable to due to the sole default of the Project Company in maintaining the tax concessions available to the Project Company under the BOI concession or in respect of which the Project Company is entitled to a credit or receives an input credit; “Representative” means, with respect to any Person, each director, officer, employee, servant, consultant, agent, or representative of that Person; “Request for Proposals” means request for proposals issued by the CEB for the Project, bearing reference number TR/REP&PM/ICB/2023/009/C dated xxth xxxx 2024;

Recurrent Costs means operating expenses including salaries and travel expenses of Project staff for climate change resilience promotion activities.

Recurrent Costs means the salaries, salaries supplements and overhead paid by the Recipient to civil servants seconded to the NTCMU and TTFU; and

Recurrent Costs means eligible expenditures for operations and maintenance, social payments, allowances and other Project operating costs.

Recurrent Costs means expenditures related to operating costs, salaries and allowances.

Recurrent Costs means all relevant costs of necessary goods such as spare parts, labour, etc., needed for the continued and proper operation of the system

Recurrent Costs means salary payments payable to personnel of the SES scheme under the Project in line with guidelines set by the Program Implementation Committee referred to in paragraph 6 (c) of Section I of Schedule 2 to this Agreement.