Definition of Start-up Operating Costs

Start-up Operating Costs means operating costs associated with the start up, commissioning, launch, remediation and settling in requirements of new property, plant and equipment rather than with ongoing operational requirements associated therewith, including costs incurred before the commencement of their operation or during the initial phase after the commencement of their operation, and which are Direct Staff Costs or Third Party Costs;
Sample 1

Examples of Start-up Operating Costs in a sentence

The Start-Up Operating Budget for the initial Start-up Operating Costs, which shall be prepared and approved by the Board of Directors with input from the Executive Director, the Treasurer and the Operating Board, relates to the operation of the System, as contemplated by this Agreement and will beincorporated by reference asExhibit "A"into this Agreement.