Void Costs definition

Void Costs means the amounts (together with VAT or any similar Taxes or charges thereon) of ground rent, rates, service charges, insurance premiums, management fees (other than the fees of the Asset Manager), repair and maintenance and any other outgoings whatsoever with respect to the Property to the extent that the same are not fully funded by the tenants under the Occupational Leases.
Void Costs has the meaning given to it in Clause 22.3.2 (Interest Cover).

Examples of Void Costs in a sentence

  • In order to receive payment, including Void Costs (see Schedule 1 para 3.4.2) your organisation will need to be set up on the Authority’s payment system.

Related to Void Costs

  • Related Costs means lodging and, if necessary, physical protection for the Covered Person during or while waiting for Transport to the Nearest Place of Safety. Related Costs will include temporary lodging, if necessary, while a Covered Person is waiting to be transported back to the Host Country, Home Country or other country where the Policyholder that sponsored the Covered Person’s Trip is located. Benefits will not be payable for Related Costs unless We (or Our authorized assistance provider) authorize in writing, or by an authorized electronic or telephonic means, all expenses in advance, and services are rendered by Our assistance provider.

  • Cleanup costs means costs incurred by the state or its political subdivisions or the agents of the state or a political subdivision in the prevention or mitigation of damages from a hazardous condition or the cleanup of a hazardous substance involved in a hazardous condition.

  • Avoided costs means the incremental costs to an electric utility of electric energy or capacity or both which, but for the purchase from the qualifying facility or qualifying facilities, such utility would generate itself or purchase from another source.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Unwind Costs means an amount determined by the Calculation Agent equal to the Issuer’s expenses, losses or costs (expressed as a negative number) or gain (expressed as a positive number) incurred (or expected to be incurred) by or on behalf of the Issuer as a result of its terminating, liquidating, modifying, obtaining or re-establishing any hedges or related trading positions or funding arrangements entered into by it (including with its internal functions) and including, without limitation, interest rate swaps specifically in connection with the Notes.