Uncapped Costs definition
Uncapped Costs means the Costs and Expenses resulting from or relating to: (a) consultation and accommodation costs, (b) price of steel for pipe, (c) acquisition of property rights, and (d) pipeline construction and inspection as such Costs and Expenses are shown in Schedule B;
Examples of Uncapped Costs in a sentence
Tenant shall pay the actual amount of ▇▇▇▇▇▇’▇▇▇▇▇▇ of the Expense Excess, to the extent the same are attributable to the Uncapped Costs, throughout the Lease Term and said Uncapped Costs shall not be subject to the cap described in this grammatical paragraph.
For each calendar year or partial calendar thereafter, ▇▇▇▇▇▇’s Share of the Expense Excess (excluding the Uncapped Costs) shall be capped at an amount equal to one hundred five percent (105%) of the Cap Amount for the immediately preceding calendar year (which shall constitute the “Cap Amount” for such calendar year).