System expenses definition

System expenses means the usage fees and the fees for providing technology support and upgrading the system paid to Party B from Party A pursuant to this Agreement.

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System expenses means all payments arising out of, concerning or related to the System made by or on behalf of Tenant for operating charges, costs, expenses and fees (including, without limitation, those for personnel, consultants, legal and accounting fees, taxes, insurance, and operating costs and expenses, and a management fee that shall not exceed five percent [5%] of the Income), costs of capital improvements, repairs, replacements and other capital costs and expenses, contingent liabilities, but not including, and specifically excluding, amounts deposited into reserves and also all Debt Expenses. Finally, the term “Debt Expenses” means all payments made by or on behalf of Tenant for debt service payments arising out of, concerning or related to the System, required member tax payment distributions, and payments to tax equity, but not including, and specifically excluding, amounts deposited into reserves.

System expenses. Party B shall pay Party A Fees for System development and follow-on technical services and upgrading according to this Agreement.

Examples of System expenses in a sentence

In the event that MUNICIPALITY is not transitioned to a Host PSAP on October 1, 2013, COUNTY's responsibility for System expenses for such MUNICIPALITY shall be limited to the payments it makes to the Operator for the Operator's Personnel Costs of civilian employees who perform call-taking, teletype (queries only) and dispatch PSAP functions as their primary job responsibilities at a non-Host PSAP facility or other expenses as specifically addressed in the RILA.
Notwithstanding the foregoing and for the first year from the date the meters are installed, the Gaujacs shall pay two-thirds (2/3rd) and the Wygmans shall pay a one-third (1/3rd) of all Water System expenses.
If such termination is made by Bank pursuant to Section 7.2(a), Bank, in addition to any other rights and/or remedies it may have at law and/or at equity, will have the option to withhold and pay directly expenses that it has incurred from any of the accounts, including Settlement, Bank fees, System expenses and chargebacks or any other charges, fees or costs.
The Technical Services Provider shall not make any commitments or incur any liabilities on behalf of the Transportation System except as provided in clause 7.1. However, the Technical Services Provider may in cases of emergency incur on behalf of the Transportation System, expenses which the Technical Services Provider considers necessary for the protection of life, health, property or for the prevention of pollution.
If such termination is made by Bank pursuant to Section 8.3(a), Bank, in addition to any other rights and/or remedies it may have at law and/or at equity, will have the option to withhold and pay directly expenses that it has incurred from any of the accounts, including Settlement, Bank fees, System expenses and chargebacks or any other charges, fees or costs.
A preliminary Annual Rates & Fees Budget to include preliminary estimates of Airport System expenses such as, maintenance, operation, and administrative expenses for the upcoming Fiscal Year.

More Definitions of System expenses

System expenses incurred by any Snap-on Entity or any Newcourt Entity shall be paid by the party incurring them and shall be treated as a working capital loan by such party to the Company. Such System Expense loans will accrue interest at an annual interest rate of seven percent (7%) or such other commercially reasonable rate as shall be agreed by Snap-on and Newcourt. The Company shall make quarterly payments of interest and principal with respect to such System Expense loans, which loans shall be amortized over the period ending at the end of the Initial Term. For purposes of this Agreement, "System Expenses" shall consist of any costs incurred directly or indirectly by any Newcourt Entity or Snap-on Entity in connection with the development of the software system referred to in Section 7.05(a) hereof, any costs treated as a System Expenses in Sections 5.01, 6.01, or 7.11, hereof or elsewhere in the Operative Documents, and any direct out-of-pocket, non-personnel costs incurred by any Newcourt Entity or any Snap-on Entity in connection with the preparation and delivery of the items listed at Section 7.13 hereof.

System expenses shall consist of any costs incurred directly or indirectly by any Newcourt Entity or Snap-on Entity in connection with the development of the software system referred to in Section 7.05(a) hereof, any costs treated as a System Expenses in Sections 5.01, 6.01, or 7.11, hereof or elsewhere in the Operative Documents, and any direct out-of-pocket, non-personnel costs incurred by any Newcourt Entity or any Snap-on Entity in connection with the preparation and delivery of the items listed at Section 7.13 hereof.