Turnback definition

Turnback means the sum of any Forecast Eligible Costs not incurred by the Recipient as Eligible Costs as reported and approved in the Annual Report and Reconciliation Statement and Certification of Project Expenditures.

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Turnback means the process by which Construction Authority turns over the Project to the LACMTA, as more particularly described in Section 7.5. Turnover means when the Construction Authority provides initial written documentation of Project readiness with Metro concurrence and turns over the operational control of the Project and the rail line to LACMTA to initiate the pre- revenue operations period in accordance with Section 7.2.1.

Turnback means any preset price, premium, bonus, or formula that could result in respondent receiving more than the vehicle's fair market value upon repurchase by the vehicle's original vendor, financer, or their designee.

Examples of Turnback in a sentence

• Customer must choose either of these options at the time Turnback Natural Gas is requested.

• Gas For Turnback Natural Gas that the Customer elects to turn back by the deadline for Swing Gas for the same day of flow, the amount credited to Customer’s account shall be lowest of the published Natural Gas Daily Midpoint Index prices for FGT Zones 1, 2 or 3 for the day the Natural Gas is to be turned back, reduced by an additional $0.5 per MMbtu.

• For Turnback Natural Gas that the Customer elects to turn back by the deadline for Swing Gas, for the same day of flow, the amount credited to Customer’s account shall be lowest of the published Natural Gas Daily Midpoint Index prices for FGT Zones 1, 2 or 3 for the day the Natural Gas is to be turned back, reduced by an additional $0.5 per MMbtu.

• Responsible for light body repair of out of service vehicles, PDI, glass repairs, non-warranty mechanical work, oil changes, coordination, repair and return of Turnback customer assistance, and related functions.

• The driver must personally/directly inform Transportation Administration of the Turnback.

• Deducted from Dealer Invoice will be depreciation factored on the monthly depreciation rate times 12 months and divided by 365 days in the year multiplied by the number of days in service determined by the day the vehicle is returned to and accepted by General Motors in accordance with GM Turnback Standards & Procedures.

• Such notice shall set forth the quantity of Turnback Hydrogen and the period of time that Turnback Hydrogen will not be taken by Buyer and will be available for resale by Seller hereunder.

• Deducted from Dealer Invoice will be depreciation factored on the monthly depreciation rate times 12 months and divided by 365 days in the year multiplied by the number of days in service determined by the day the vehicle is returned to and accepted by General Motors in accordance with GM Turnback Standards & Procedures (Attachment3C).

• Customers may reduce their assignment of transportation capacity in compliance with Union’s Turnback Policy.

• The applicable Lessee shall pay to the Lessor, as part of the Monthly Base Rent, interest accrued at a rate equal to the VFR on the Repurchase Price of each Vehicle for the period between the Turnback Date for such Vehicle and receipt of such Repurchase Price by the Lessor from the Manufacturer ("Repurchase Price Interest").

More Definitions of Turnback

Turnback is an action taken by the State that ultimately results in having all recreation responsibilities being transferred or conveyed back to Reclamation for its sole management.