Basis for Calculating Reimbursement Costs Sample Clauses

The "Basis for Calculating Reimbursement Costs" clause defines the method and criteria used to determine the amount one party must pay to another for reimbursable expenses. Typically, this clause outlines which costs are eligible for reimbursement, such as direct expenses incurred in the course of performing contractual duties, and may specify documentation or approval requirements. Its core function is to ensure transparency and fairness in the reimbursement process, preventing disputes by clearly establishing how costs are calculated and what evidence is needed.
Basis for Calculating Reimbursement Costs. The State will reimburse the Technical Expert for charges incurred in carrying out the services authorized in the Work Authorization, subject to the cost categories and estimated costs set forth in the Schedule of Rates in the contract and the Cost Basis of the Work Authorization. The State shall compensate the Technical Expert for only those eligible expenses incurred during the work authorization that are directly attributable to the completed portion of the work described in the work authorization, provided that the work has been completed in a manner satisfactory and acceptable to the State. The Technical Expert shall not incur or be reimbursed for any new obligations after the effective date of termination. The Technical Expert shall bill the State for actual travel expenses, not to exceed the limits reimbursable under state law. Out- of-state or out-of-country travel by the Technical Expert requires prior approval by the State.
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Basis for Calculating Reimbursement Costs. TxDOT will reimburse the Local Government for actual costs incurred in carrying out the services authorized in Attachment A, Scope of Services, subject to the cost categories and estimated costs set forth in Attachment B, Budget. TxDOT shall compensate the Local Government for only those eligible expenses incurred during this contract that are directly attributable to the completed portion of the work covered by this contract, provided that the work has been completed in a manner satisfactory and acceptable to TxDOT. The Local Government shall not incur or be reimbursed for any new obligations after the effective date of termination. The Local Government shall bill TxDOT for actual travel expenses, not to exceed the limits reimbursable under state law. Out-of-state or out-of-country travel by the Local Government requires prior approval by TxDOT.
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Basis for Calculating Reimbursement Costs. 1.1 HHSC will reimburse or make an advance payment to the Grantee for charges determined to be in compliance with and invoiced in accordance with ILS program guidelines. The Grantee may request operating funds for no more than 90 days in advance or to be reimbursed for allowable costs already incurred. Grantee that meets the contract requirements may request advance payments certifying that the not expended during the quarter of the request, they must be adjusted on the next request.
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Basis for Calculating Reimbursement Costs. The minimum annual compensation under this agreement is $5,000, which shall cover up to 20 hours of veterinary services per year. The minimum annual compensation shall be payable quarterly in the amount of $1250. The provider shall submit quarterly invoices to TAMUSA. The quarterly invoices shall keep a running total of the time the provider spent rendering veterinary services. In the event the provider renders more than 20 hours of veterinary services in a year, the provider shall be paid for those additional services at the rate of $150 per hour. The provider’s invoices shall identify and generally describe the additional time spent providing veterinary services and the associated charges.
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Basis for Calculating Reimbursement Costs. Not Applicable
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Basis for Calculating Reimbursement Costs. HHSC will reimburse or make an advance payment to the Grantee for charges determined to be in compliance with and invoiced in accordance with CIL Program guidelines. The Grantee may request operating funds for no more than 30 days in advance or to be reimbursed for allowable costs already incurred. Contractors that meet the contract requirements may request advance payments certifying that the amount requested will not exceed 30 days' operating funds. If advanced funds are not expended during the month of the request, they must be adjusted on the next request.
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Related to Basis for Calculating Reimbursement Costs

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Additional Expenses to be inserted if applicable.

  • CLAIM EXPENSES The Reinsurer will pay its share of reasonable claim investigation and legal expenses connected with the litigation or settlement of contractual liability claims unless the Reinsurer has discharged its liability pursuant to Section 9.4 above. If the Reinsurer has so discharged its liability, the Reinsurer will not participate in any expenses incurred thereafter. The Reinsurer will not reimburse the Ceding Company for routine claim and administration expenses, including but not limited to the Ceding Company's home office expenses, compensation of salaried officers and employees, and any legal expenses other than third party expenses incurred by the Ceding Company. Claim investigation expenses do not include expenses incurred by the Ceding Company as a result of a dispute or contest arising out of conflicting claims of entitlement to policy proceeds or benefits.

  • Indemnification for Additional Expenses Without limiting the generality or effect of the foregoing, the Company shall indemnify and hold harmless Indemnitee against and, if requested by Indemnitee, shall reimburse Indemnitee for, or advance to Indemnitee, within five business days of such request accompanied by supporting documentation for specific Expenses to be reimbursed or advanced, any and all actual and reasonable Expenses paid or incurred by Indemnitee in connection with any Claim made, instituted or conducted by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter in effect relating to Indemnifiable Claims, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company; provided, however, if it is ultimately determined that the Indemnitee is not entitled to such indemnification, reimbursement, advance or insurance recovery, as the case may be, then the Indemnitee shall be obligated to repay any such Expenses to the Company; provided further, that, regardless in each case of whether Indemnitee ultimately is determined to be entitled to such indemnification, reimbursement, advance or insurance recovery, as the case may be, Indemnitee shall return, without interest, any such advance of Expenses (or portion thereof) which remains unspent at the final disposition of the Claim to which the advance related.

  • Exclusions from Operating Expenses Notwithstanding the above, Operating Expenses shall not include the following: (i) Interest, principal, depreciation, and other lender costs and closing costs on any mortgage or mortgages, ground lease payments, or other debt instrument encumbering the Building; (ii) Any bad debt loss, rent loss, or reserves for bad debt or rent loss; (iii) Costs associated with operation of the business of the ownership of the Building or entity that constitutes Landlord or Landlord’s property manager, as distinguished from the cost of Building operations, including the costs of partnership or corporate accounting and legal matters; defending or prosecuting any lawsuit with any mortgagee, lender, ground lessor, broker, tenant, occupant, or prospective tenant or occupant; selling or syndicating any of Landlord’s interest in the Building; and disputes between Landlord and Landlord’s property manager; (iv) Landlord’s general corporate or partnership overhead and general administrative expenses, including the salaries of management personnel who are not directly related to the Building and primarily engaged in the operation, maintenance, and repair of the Building, except to the extent that those costs and expenses are included in the management fees; (v) Advertising, promotional expenditures and leasing expenses primarily directed toward leasing space in the Building; (vi) Leasing commissions, space-planning costs, attorney fees and costs, disbursements, and other expenses incurred in connection with leasing, other negotiations, or disputes with tenants, occupants, prospective tenants, or other prospective occupants of the Building, or associated with the enforcement of any leases; (vii) Charitable or political contributions; (viii) Costs for which Landlord is reimbursed; (ix) Fees paid to any affiliate or party related to Landlord to the extent such fees exceed the charges for comparable services rendered by unaffiliated third parties of comparable skill, stature and reputation in the same market; and (x) Any management fee payable to Landlord or any third parties in excess of five percent (5%) of the Operating Expenses. As to the costs of capital improvements, replacements, repairs, equipment and other capital costs, all such costs shall be included in Operating Expenses but shall be amortized over the reasonable useful life of such improvement, replacement, repair or equipment in accordance with generally accepted accounting principles together with interest at the prime rate on the unamortized balance.