COSTS, EXPENSES AND EXPENDITURES Clause Samples

COSTS, EXPENSES AND EXPENDITURES. Subject to the limitations hereinafter prescribed and the provisions of the Agreement to which this Accounting Procedures is an exhibit, each Partner shall charge the Partnership for all costs, expenses and expenditures incurred by it and its affiliated persons and entities, collectively as though solely its costs, in connection with the administration, accounting, legal, operation, maintenance, upkeep, repair, replacement, development, expansion, enlargement, improvement or abandonment of the System or the Partnership (including any NOARK Related Entity) (hereinafter referred to as "Operation of the System"), including the following items:

COSTS, EXPENSES AND EXPENDITURES. Subject to the provisions of this License, the Company shall bear alone and, directly, pay the following costs and expenses, which shall be classified and allocated to the activities according to sound and generally accepted accounting principles: (a) Labor and Related Costs.

COSTS, EXPENSES AND EXPENDITURES. Subject to the provisions of the Agreement, the CONTRACTOR shall alone bear and directly pay the following costs and expenses, which costs and expenses shall be classified and treated in accordance with the Agreement.

COSTS, EXPENSES AND EXPENDITURES. Subject to the limitations hereinafter prescribed and the provisions of the Operating Agreement to which this Accounting Procedure is an exhibit, Operator shall charge Partnership for all reasonable and proper costs and expenses incurred by Operator (except those costs incurred under Section 3.5 of the Operating Agreement) in connection with the Operation of the Line, including but not limited to the following items: 3.01 Rentals. All rentals paid by Operator.

COSTS, EXPENSES AND EXPENDITURES. Subject to the provisions of the Applicable Law and this Agreement, the Company shall bear alone and, directly, pay the following costs and expenses, which shall be considered the wage of the employee and shall be classified and allocated to the activities according to sound and generally accepted accounting principles: (a) Labor and Related Costs: (i) Salaries and wages of the Company’s employees directly engaged in the various activities under the Applicable Law and this Agreement, including salaries and wages paid to geologists and other employees who are temporarily assigned to and employed in such activities. Such salaries and wages shall be classified in Accordance with the Applicable Labor Law and Egyptian Accounting Standards and shall be certified by a certified public accounting firm. Reasonable revisions of such salaries and wages shall be effected to take into account changes in the Company’s policies and amendments of Applicable Labor Law. For the purpose of this Article, salaries and wages shall mean the following: 1. the commission entering within the context of labor relation; 2. the percentage, which is the worker may be paid in return for what he produced, sells, or collects all along his charge of the work for which this percentage is prescribed; 3. the increments, whatever the reason for becoming payable, or their kind; 4. the in kind benefits the employer shall pay, without being necessitated by work exigencies; 5. bonuses, any bonus given to the employee in addition to his wage, and all that is paid to him due to his honesty or efficiency, once these bonuses are described in the individual or collective labor contracts or in the work articles of association, as well as that which has become customarily payable once fulfilling the qualities of generality, continuance and constancy; 6. allowance, all that is given to the employee in exchange for specific conditions or risks the employer is liable toin performing his work; 7. the employee’s profit share; 8. tip that the employee obtains if it becomes customarily payable and has rules allowing for its determination; (b) Benefits, allowances and related costs of national employees: Bonuses, overtime, customary allowances and benefits on a basis of the Company’s policies and similar to that prevailing for mining companies operating in the A.R.E., all as chargeable. Severance pay shall be charged at a fixed rate applied to payrolls which shall equal an amount equivalent to the maximum liabil...

COSTS, EXPENSES AND EXPENDITURES. Subject to the limitations hereinafter prescribed and the provisions of the IPOC/Tennessee Agreement to which this Accounting Procedure is an exhibit, Tennessee shall charge the Operator for all costs and expenses incurred by Tennessee (except those costs incurred under Section 8.1 of the IPOC/Tennessee Agreement in connection with the performance of its duties and responsibilities under the IPOC/Tennessee Agreement (hereinafter collectively referred to as "Performance of Tennessee's Responsibilities"), including but not limited to the following items:

COSTS, EXPENSES AND EXPENDITURES. Subject to the provisions of the Agreement, according to Article III (a), (G) 4 CONTRACTOR shall alone bear and, directly or through Joint Venture Operating Company, pay the following costs and expenses, which costs and expenses shall be classified and allocated to the activities according to sound and generally accepted accounting principles and treated and recovered in accordance with Article VII of this Agreement:

COSTS, EXPENSES AND EXPENDITURES. Pledgor agrees to pay to Collateral Agent, on demand, all costs and expenses in connection with the enforcement, protection, and preservation of the Collateral Agent's or other Pledgees' rights or remedies under this Pledge, or in connection with legal advice relating to the rights or responsibilities of Collateral Agent (including, without limitation, courts costs, reasonable attorneys' fees, and reasonable expenses of accountants and appraisers). With respect to any amount required to be paid by Pledgor under this Section 19, in the event Pledgor fails to pay such amount on demand, Pledgor shall also pay to Collateral Agent interest thereon at a default rate equal to ten percent (10%) per annum.

COSTS, EXPENSES AND EXPENDITURES. Subject to the provisions of the Approved Budgets, the limitations hereinafter prescribed and the provisions of the Agreement, upon the approval by the Partnership of an Approved Budget, Operator shall charge Partnership for all costs and expenses incurred by Operator (except those costs incurred under Section 5.01 of the Agreement), net of discounts, in connection with the administration, planning, accounting, design, construction, operation, maintenance, upkeep, or abandonment of the Project and any Expansions (hereinafter collectively referred to as “Operations”), including but not limited to the following items: Section 3.01 Rentals All rentals paid by Operator Section 3.02 Labor Costs Salary and wages of Operating Personnel, as that term is used in the Agreement, at cost, taking into account base salary and wages and applicable burden and overhead. The Parties hereto hereby acknowledge that the aforesaid burden shall include, without limitation, the cost of holidays, vacation, sickness and disability benefits, established plans for employees’ group life insurance, hospitalization, disability, pension, retirement, savings and other benefit plans and other customary benefits and allowances paid to employees whose salaries or wages are chargeable under this provision together with the assessments imposed by governmental authorities which are applicable to such salary, wages and the costs and benefits relating thereto. The aforesaid overhead shall cover the costs of general office overhead and other indirect and undistributable costs. The Parties acknowledge and agree that: (a) for Operating Personnel provided by Operator or its Affiliates the salary and wages and applicable burden and overhead shall be charged and recovered at the actual rates incurred; and (b) all the foregoing salary and wages and burden and overhead rates are subject to audit verification. Fees and compensation of Additional Personnel, as that term is used in the Agreement. Payment of these fees and compensation shall fully compensate and reimburse Operator for all reasonable expenses incurred by Operator in relation to Additional Personnel designated by Operator and approved by the Management Committee from time to time. Section 3.03 Reimbursable Expenses of Operating Personnel Reasonable and necessary expenses of Operating Personnel are chargeable under Section 3.02 above. As used herein, the term “expenses” shall mean reasonable travel, hotel, transportation, meal and other usual o...