Actual Operating Costs means: (a) the Franchisee's total operating expenses for the period being reviewed as stated in its profit and loss account, including any of the following operating expenses that are payable during that period:
Actual Operating Costs means: (a) the Franchisee's total operating expenses for the period being reviewed as stated in its profit and loss account, including any of the following operating expenses that are payable during that period: (i) amounts payable to the Secretary of State and Network Rail; (ii) taxation; (iii) shareholder distributions including dividends; (iv) interest payments; (v) capital expenditure (net of grants received); and (vi) lease payments in relation to on-balance sheet leased assets, but excluding any of the following expenses that are payable in that period: (A) interest relating to on-balance sheet leased assets; (B) depreciation; (C) amortisation; and (D) bad debt provisions; and (b) either: (i) plus any reduction in the total amount owing by the Franchisee to creditors over that period; or (ii) less any increase in the total amount owing by the Franchisee to creditors over that period, where creditors: (A) include any persons owed amounts by the Franchisee in respect of loans or funding agreements, operating expenses, including the types of expenses set out in paragraphs (a)(i) to (iv) inclusive, provisions and deferred income balances; but (B) exclude persons owed amounts by the Franchisee in respect of season ticket liabilities, lease liabilities in relation to on- balance sheet leased assets and liabilities in relation to grants received for the purchase of fixed assets;
Actual Operating Costs means the actual expenses paid or incurred by Landlord for Operating Costs during any Lease Year of the term hereof.
Examples of Actual Operating Costs in a sentence
For the purposes of calculating the Actual Operating Costs Ratio, amounts within the PCS Facility shall only be taken into account if they are actually borrowed by the Franchisee from the Guarantor and not repaid.
Where required to ensure that the Actual Operating Costs Ratio is not less than 1.070:1 the Franchisee shall exercise its rights under Clause 6.1 to draw on the PCS Facility and accordingly the Guarantor shall make a loan of the requisite amount and the Franchisee shall accept it.
Actual Operating Costs are much higher… The Cherry Creek High School Band Parents Association (CCHSBPA) offers a number of different opportunities for your child and family to help raise money to offset the costs of running the marching band program.
Actual Operating Costs will likely differ from those projected for purposes of the Plan.
Actual Operating Costs Ratio means, at the relevant time, the ratio of the Franchise Operator’s Modified Revenue to its Actual Operating Costs during the Preceding 13 Reporting Periods (or, prior to the end of the thirteenth such Reporting Period, during all preceding Reporting Periods).
More Definitions of Actual Operating Costs
Actual Operating Costs means: (a) the Franchisee's total operating expenses for the period being reviewed as stated in its profit and loss account, including any of the following operating expenses that are payable during that period: (i) amounts payable to the Secretary of State and Network Rail; (ii) taxation; (iii) shareholder distributions including dividends; (iv) interest; (v) capital expenditure (net of grants received); (vi) lease payments in relation to on- balance sheet leased assets; and (vii) the Annual Innovation Account Contribution to be set aside for the period, but excluding any of the following expenses that are payable in that period:
Actual Operating Costs means: (a) the Franchisee’s total operating expenses for the period being reviewed as stated in its profit and loss account, including any of the following operating expenses that are payable during that period: (i) amounts payable to the Secretary of State and Network Rail; (ii) taxation; (iii) shareholder distributions including dividends; (iv) interest; (v) capital expenditure (net of grants received); (vi) cash lease payments in relation to on- balance sheet leased assets; and (vii) NOT USED, but excluding any of the following expenses that are payable in that period: (A) finance/interest costs solely relating to on-balance sheet leased assets; (B) depreciation (including in relation to on- balance sheet leased assets); (C) amortisation; (D) bad debt provisions; and (E) NOT USED; (b) either: (i) plus any reduction in the total amount owing by the Franchisee to creditors over that period; or (ii) less any increase in the total amount owing by the Franchisee to creditors over that period, where creditors: (A) include any persons owed amounts by the Franchisee in respect of loans or funding agreements, operating expenses, including the types of expenses set out in paragraphs (a)(i) to (a)(v) above inclusive, provisions and deferred income balances; but (B) exclude persons owed amounts by the Franchisee in respect of season ticket liabilities, lease liabilities in relation to on-balance sheet leased assets and liabilities in relation to grants received for the purchase of fixed assets; (C) exclude any creditors or other liabilities relating to on-balance sheet leases;
Actual Operating Costs means, for any period, the amount of funds actually expended by a Person in respect of Operating Costs during such period.
Actual Operating Costs means, in relation to a Rig, the total of the costs and Taxes incurred by the Borrower, the Rig Owner which is the owner of that Rig and/or the Sponsor in relation to the operation and Earnings, respectively, of that Rig, including, but not limited to, the costs incurred in connection with the maintenance, insurance and repair of that Rig and the fulfilment by that Rig Owner of its obligations under the Bareboat Charter and clauses 7.1.1, 7.1.2, 7.1.5, 7.1.6, 7.2, 7.3.5, 7.3.6, 7.3.10, 7.3.14 (but only insofar as the indemnity obligations under clause 7.3.14 relate to the matters referred to therein which arise out of (i) any failure by the Sponsor to comply with any applicable law, regulation or order, or (ii) the relevant Rig becoming an obstruction to navigation prior to that Rig becoming a wreck) and 9 of the General Assignment, the Borrower of its obligations under the Bareboat Charter (other than the payment of Advance Bareboat Hire), clauses 7.1.1, 7.1.2, 7.1.5, 7.1.6, 7.2, 7.3.5, 7.3.6, 7.3.10, 7.3.14 and 9 of the General Assignment and the Charter and the Sponsor of its obligations under the Services Agreement and clauses 8.2.2, 8.2.7 and (save for clause 11.3.4) 11 of the Deed of Undertaking, in each case, relating to that Rig;
Actual Operating Costs means the cost required for transportation, warehouse operations, Product buying, and applicable administration specific to TFM.
Actual Operating Costs means the actual Operating Costs for any Operating Year, adjusted as if ninety-five percent (95%) of the total rentable area of the Building had been occupied for the entire Operating Year. Actual Operating Costs shall not include costs which are unusually high due to extraordinary circumstances such as embargoes, boycotts, unusual security expenditures, insurance surcharges or unusually high premiums or utility rate increases due to shorter term events or circumstances.
Actual Operating Costs means the actual Operating Costs for any Operating Year, adjusted as if ninety-five percent (95%) of the total rentable area of the Building had been occupied for the entire Operating Year.