Variation Costs definition
Variation Costs is defined in Clause 9.2(c) (Variations).
Variation Costs has the meaning as stated in Clause 12.3(d).
Variation Costs means, in relation to a Variation, the direct costs and loss of revenue reasonably arising out of or in connection with the Variation (including any increased design costs, construction costs, manufacturing costs, commissioning costs, Through Life Support costs, decommissioning costs, or financing costs), after deducting all cost savings and increases in revenue arising out of or in connection with the Variation (including any savings in relation to design costs, construction costs, manufacturing costs, commissioning costs, Through Life Support costs, decommissioning costs or financing costs).
Examples of Variation Costs in a sentence
Subject to the foregoing, the State's only liability for a Variation under either Relevant Deed to any party to a Relevant Deed is its liability to Clepco (in the case of a Variation under the ESEP Deed) or to the Company and Trustee (in the case of a Variation under the Concession Deed) for Variation Costs, as agreed or determined under the Relevant Deed.
More Definitions of Variation Costs
Variation Costs has the meaning given to that term in the Project Agreement.
Variation Costs means the cost to the Parties of implementing the applicable change in Specifications (such cost to include Astellas’ and NGX’s internal and external costs relating to variation of any MAA Approvals, changes to artwork and labelling and changes to raw materials, intermediary products and components, in each case whether such costs are out-of-pocket costs or write-off charges, including Product obsolescence and destruction charges).