Retained Costs definition

Retained Costs means the mutually agreed portion of the Baseline Charges reflecting Client’s [***]* between Client and Service Provider, and as described in Section 4.1.1 below, as such costs are identified as of the Service Agreement Effective Date in Appendix C-4 of this Schedule and subject to adjustment as set forth herein.

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Retained Costs for use in the Actuary's Letter means a sum equal to 2 1/4 per cent. per annum of the total Salaries of Employees who are Transferring Members during the Participation Period (pro rated to the period of participation);

Retained Costs shall have the meaning set forth in Section 18.02.

Examples of Retained Costs in a sentence

Owner further reserves the right to award separate contracts in connection with other portions of the Project or other design, construction or operations, and the cost of such contracts shall be included as Owner’s Retained Costs..
As and to the extent that Service Provider terminates its usage of resources provided by Client Group and covered by the Retained Costs, the Client shall cease to invoice the Service Provider for such resources.
During the Target Value Design process, the initial Core Group will continue to study and confirm the Owner’s Retained Costs and apply the principles of Lean Project Delivery to those costs and determine if any portion of those costs can be added to Owner’s Contingency.
Such examinations, audits and verifications, if required by Owner, will be performed by Owner's accountants acting in the sole interest of Owner and the cost of such examinations, audits and verifications shall be treated as Owner’s Retained Costs.
The monthly Baseline Charges will not change as a result of the decrease of Retained Costs.
It also sets out the obligations of the Service Provider for payments of amounts owing to the Client for Retained Costs, Service Credits and other payments.
Throughout the administration of this Agreement, the Core Group will review the Owner’s Retained Costs and assist the Owner in identifying cost savings opportunities to maximize the value for the Project.
The Expected Cost shall not include amounts for Owner’s Retained Costs, Owner’s Contingency or the costs of land, rights of way, financing or other items for which Owner is responsible.
Owner reserves the right to perform design, construction or operations related to the Project (other than the Work or the Services) with Owner's own forces or through Owner’s Consultants or Owner’s separate contractors and any such design, construction or operations shall be included as Owner’s Retained Costs.
The EMP shall not include amounts for Owner’s Retained Costs, Owner’s Contingency or the costs of land, rights of way, financing or other items for which Owner is responsible.

More Definitions of Retained Costs

Retained Costs means costs that will remain the responsibility of Cadiz under the various agreements to implement the Project, including the Facility Lease and the Water Lease, which will not be recovered by Cadiz from SMWD or FVMWC, including: (a) All professional fees and costs associated with any private or regulatory challenge to the Project or the right of Cadiz to convey, transfer or lease the Project Water, Project Storage or Project Facilities in connection with the Project, including the indemnity obligations of Cadiz and FVMWC under the Reimbursement Agreements; (b) All costs of implementing mitigation measures required in connection with the Project during the entire Project term, including the implementation of the GMMMP and any agreement or settlement entered into between Cadiz and any third party; (c) Prior to the Commencement Date, (i) the cost of funding an escrow account for FVMWC to provide field staff, data collection and reporting as necessary for compliance with the GMMMP, as well as the costs incurred by FVWA, SMWD and the County to oversee compliance with the Project EIR and the GMMMP as contemplated in this Agreement and the Reimbursement Agreements; and (ii) all administrative costs and expenses incurred by SMWD in connection with carrying out its responsibilities in connection with the Project (including a reasonable allocation and reimbursement for the time of SMWD staff), whether or not such costs are expressly subject to reimbursement under the Reimbursement Agreements; (d) A proportional share of the Capital Recovery Charge and the Fixed O&M Costs to the extent that the Total Annual Project Allotment of Project Water is reduced or curtailed for any reason, including reduced deliveries as a result of mitigation requirements, it being understood that SMWD and the Project Participants are agreeing to pay the Capital Recovery Charge and the Fixed O&M Costs on an AF basis spread over the entire 50,000 AF of Project Water with Cadiz responsible for the per AF cost with respect to the total amount of any reduction or curtailment; (e) Cadiz's responsibility for SMWD's portion of the Fixed O&M Costs which are related to capital repair and replacement during the first ten (10) years of the Facility Lease, pursuant to Section 9.3.1; and (f) Any increase in Administrative Costs of FVMWC as a direct result of regulatory or reporting requirements of Cadiz as a public company.

Retained Costs means discrete costs associated with a Bidder’s proposed Response that the Authority is likely to incur in fulfilling its obligations and responsibilities under the Agreement.

Retained Costs means that part of the Interim Period Pension Contributions relating to the notional cost borne by PowerGen's Scheme in providing benefits payable on death in service during the Interim Period which is attributable to the Transferring Members being 0.74% of Pensionable Salaries (as defined in PowerGen's Scheme); Rules means the trust deeds, rules and other documents governing PowerGen's Scheme, as from time to time amended;

Retained Costs means those actual costs incurred by the Commonwealth for Microsoft educational licenses, voice network charges, and data network charges identified in Attachment 10.1.4-A under the heading “Included in VITA Retained.” In any given Contract Year, the Retained Costs of the Commonwealth for the purposes of calculating the Overall Fee Limitation will not exceed thirty- five million, four hundred thousand dollars (“ the Retained Cost Limitation”). The Parties acknowledge that the Retained Costs are likely to vary based on the implementation of VoIP services, the schedule for which is represented in the baseline adjustments reflected in Attachment 10.1.4-A. Actual VoIP implementation schedule changes will result in adjustments to the applicable Retained Cost Limitation if memorialized in accordance with Section 27.5 of the Agreement. For purposes of calculating the Overall Fee Limitation, increases in VoIP Fees resulting from said implementations will be offset by an equal corresponding decrease in the applicable Retained Cost Limitation. The Commonwealth shall notify Vendor in writing at least ninety days in advance of terminating a Retained Contract that Vendor is utilizing to provide Services to Eligible Customers. The Commonwealth and Vendor must amend the Agreement in accordance with Section 27.5 in the event the Parties agree that a Service being provided through a Retained Contract will be provided by Vendor; and such amendment must document the reductions to the Retained Cost Limitation and the corresponding change to the application of the Overall Fee Limitation, which corresponding change, unless otherwise agreed in accordance with Section 27.5, shall be reflected as an increase in the prices listed in Attachment 10.1.5 equal to the absolute value of the reduction to the current and future Retained Cost Limitations. The Parties shall separately monitor Retained Cost reductions directly caused by Eligible Customer implementation of Vendor’s VoIP solution. Any savings that the Parties mutually agree are realized by the reduction of voice network charges in the Retained Costs will be shared according to the following schedule: (a) For the first year following any VoIP implementation, the Commonwealth shall realize 60% of such savings and Vendor shall realize 40% of any such savings; (b) for the second year following any VoIP implementation, the Commonwealth shall realize 70% of such savings and Vendor shall realize 30% of such savings; (c) for the third ...