Shutdown Costs definition

Shutdown Costs means any and all costs other than Sustaining Costs, incurred in connection with the discontinuance of operations at the Twinstar Facility, including, without limitation, costs incurred in connection with the termination or modification of any Contracts, the return or other disposition of any materials, supplies, inventory or waste, the termination of any employees, the return or revocation of any tax abatements or other tax privileges, or the payment of fees for professional services.
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Shutdown Costs means all costs associated with shutting down or suspending Operations within the Mining Area including the costs associated with Rehabilitation and Mine Closure, and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the Operator in the conduct of Operations, but only to the extent of the period for which an employee was engaged in the Operations;
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Shutdown Costs means, with respect to any Asset Sale, all costs, charges and expenses incurred, accrued or paid by Holdings or any of its Restricted Subsidiaries with respect to: (i) the demobilization, decommissioning, restoration or operating expenses of any site, property, lease, building or tower no longer used or useful to the business of Holdings and its Restricted Subsidiaries as a result of such Asset Sale (a “Demobilized Site”), (ii) the demobilization, decommissioning, removal or disposal of any equipment, fixtures or other tangible personal property located on or used in connection with a Demobilized Site, (iii) circuits, backhaul or other signal transport facilities no longer used or useful to the business of Holdings and its Restricted Subsidiaries as a result of such Asset Sale (including break fees, termination costs or operating expenses), and (iv) any restructuring, severance, relocation, consolidation, closing, integration and transition activities undertaken in connection with or as a result of such Asset Sale.
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Examples of Shutdown Costs in a sentence

  • Notwithstanding anything to the contrary contained herein, Buyer shall not be obligated to reimburse Seller for any Shutdown Costs unless the Closing has occurred.

  • Reduction and/or Shut-down Costs, Capital Expenditures: For each program and/or facility that NW Bio desires to start up, expand, upgrade, change, reduce or shut down, Cognate will prepare budgets for the capital expenditures required.

  • The Delegation of Algeria aligned itself with the statement made by the Delegation of Ghana on behalf of the African Group.

  • The Borrowers shall not incur (a) after the Petition Date, any Plant Shutdown Costs, in cash, in an aggregate amount in excess of $8,500,000, (b) any 2003 Plant Shutdown Costs, in cash, in an aggregate amount in excess of $28,737,000, or (c) any 2004 Plant Shutdown Costs, in cash, in an aggregate amount in excess of $88,000,000.

  • Buyer shall reimburse Seller at the Closing for 50% of the Shutdown Costs actually incurred by Seller; provided, however, that Seller delivers to Buyer at least two (2) Business Days prior to Closing a statement in reasonable detail summarizing the nature and amount of such Shutdown Costs.

  • Case study A: You’re a nurse practitioner, and during flu season, you ask your BH partner to send in mutual patients after their sessions to discuss and receive the flu vaccine.

  • Gross profit for the nine months ended March 29, 2020 decreased 16.8 percent, primarily due to lower unit sales volume for each reportable segment and$1.5 million in COVID-19 Shutdown Costs.

  • Such reimbursement -15- obligation shall be paid monthly upon receipt by USX of documentation supporting the incurrence of Shutdown Costs.

  • Buyer will cause the Subject Companies to take all commercially reasonable steps to minimize Shutdown Costs.

  • The report said the continuing difficult financial climate together with the challenges Kent County Council faced now and in the medium term had been key factors in the discussion with the recognised Trade Unions.


More Definitions of Shutdown Costs

Shutdown Costs means all costs associated with shutting down or suspending Joint Venture Activities within the Mining Area including the costs associated with satisfaction of Rehabilitation Obligations and Mine Closure Obligations, and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the Manager in the conduct of Joint Venture Activities, but only to the extent of the period for which an employee was engaged in Joint Venture Activities. Tenement means a mining tenement listed in Schedule 2 and includes any lease, license, claim or permit issued or to be issued under the Mining Act to the Joint Venturers for the purposes of the Joint Venture which confers or may confer a right to prospect, explore for or mine any mineral in the Mining Area, or which may facilitate the enjoyment of such right, and includes any application for, and any extension, renewal, conversion or substitution of, any of those tenements. Third Party means a person not a party, or the Related Body Corporate of a party, to this agreement.
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Shutdown Costs means all costs associated with shutting down all Joint Venture Activities including the costs associated with the satisfaction of the Rehabilitation Obligations and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the Manager in the conduct of Joint Venture Activities, but only to the extent of the period for which an employee was engaged with the Joint Venture Activities; Site has the meaning given in Background A to this Agreement;
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Shutdown Costs means all costs associated with shutting down all activities of the Company including the costs associated with satisfaction of the Rehabilitation Obligations (if any) and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the Company in the conduct of the activities of the Company, but only to the extent of the period for which an employee was engaged in the activities of the Company;
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Shutdown Costs means all costs associated with shutting down all activities of the Company including the costs associated with satisfaction of the Rehabilitation Obligations (if any) and any redundancy or termination benefits or payments to any consultant or contractor or employee who is engaged by the Company in the conduct of the activities of the Company, but only to the extent of the period for which an employee was engaged in the activities of the Company; “Tax” or “Taxes” means all foreign, federal, state, provincial, national, local and other taxes, fees, levies, duties and other assessments or charges of whatever kind (including zakat, income, excise, customs duties, tariffs, stamp, transfer, property, occupancy, value added, use, real estate, sales, payroll, gains, gross receipts, withholding and mining royalties or severance or other fees) together with any commission, penalties, or additions payable in connection with such taxes, fees, levies, duties or other assessments or charges imposed or collected by a Competent Authority whether directly or primarily charged against, recoverable from or attributable to any person;
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Shutdown Costs means all obligations and liabilities of the Company and its subsidiaries on the Closing Date, other than (i) the Senior Bank Payoff Amount, (ii) all obligations and liabilities of the Company under the Discount Notes, the Current Pay Notes and the Bridge Loans, (iii) any such obligations or liabilities assumed by Xxxxxx on the Closing Date pursuant to the Medium Power Agreement or assumed by Xxxxxx pursuant to the High Power Agreement, and (iv) any such obligations or liabilities to the extent backed by Existing Letters of Credit.
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Related to Shutdown Costs

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Remediation Costs means the cost of any action taken to reduce the concentration of contaminants on, in or under the Eligible Property to permit a record of site condition to be filed in the Environmental Site Registry under section 168.4 of the Environmental Protection Act and the cost of complying with any certificate of property use issued under section 168.6 of the Environmental Protection Act, as further specified in the CIP.

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Transportation Costs means costs of travel as a fare paying passenger in any Common Carrier Conveyance other than a taxicab.

  • Shutdown means the cessation of operation of equipment.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Excess Costs means, in any Computation Period, the excess of Chargeable Costs associated with Assignee Minerals for that Computation Period over the amount determined by multiplying Assignor’s Net Share of Minerals produced during the Computation Period by the Sales Price for that Computation Period. Excess Costs shall bear interest at the Prime Interest Rate from the end of the Computation Period in which such costs were incurred to the date that Assignor recovers such amounts from Assignee Proceeds.

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Relocation Costs means costs incurred in the relocation of the furniture, fixtures, equip- ment, machinery and supplies, including, but not limited to, the cost of dismantling and reassembling equipment and the cost of floor preparation necessary for the reassembly of the equipment. Relocation costs include only such costs that are incurred during the ninety-day period immediately following the commencement of the relocation to an eli- gible premises. Relocation costs do not include costs for structural or capital improve- ments or items purchased in connection with the relocation.

  • FOR Destination costs means the cost of equipment and material at the consignee’s stores. The cost is exclusive of Excise duty, Sales Tax and other Local Taxes, but is inclusive of packing, forwarding and insurance and freight charges.

  • Manufacturing Costs means the costs of Processing that generate Manufacturing Proceeds received by Grantor.

  • Transaction Costs means all fees, costs and expenses incurred or payable by Holdings, the Borrower or any other Subsidiary in connection with the Transactions.

  • Basic generation service transition costs means the amount by

  • Termination Costs The costs and expenses related to the termination of any Servicer, the appointment of a successor servicer or the transfer and assumption of servicing with respect to the related Servicing Agreement, including, without limitation, the items set forth in Section 3.03(c).

  • Commercialization Costs means the out-of-pocket costs and expenses incurred by Adapt or its Affiliates directly attributable to, or reasonably allocable to, the Commercialization of a Product. Commercialization Costs for a Product shall include, preparation of promotional, advertising, communication, medical, and educational materials relating to the Product and other Product literature and selling materials, activities directed to marketing of the Product, including purchase of market data, development and conduct of market research, advertising, public relations, public affairs and other communications with Third Parties regarding the Product; development and conduct of sales force training (including materials, programs and travel to and attendance at training programs) for medical representatives responsible for promoting the Product; and development and maintenance of sales bulletins, call reporting and other monitoring/tracking, sales force targeting, validation and alignment programs and documentation.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Consumption of a chemical means its conversion into another chemical via a chemical reaction.

  • Travel costs ’ means expenses for transportation, lodging, subsistence (meals and incidentals), and related expenses incurred by employees who are on travel status on official business of the recipient for any travel outside the country in which the organization is located. “Travel costs” do not include expenses incurred by employees who are not on official business of the recipient, such as rest and recuperation (R&R) travel offered as part of an employee’s benefits package that are consistent with the recipient’s personnel and travel policies and procedures.

  • O&M Costs as defined in the Depositary Agreement.

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;