Initial Direct Costs Sample Clauses

The Initial Direct Costs clause defines which expenses incurred at the outset of a contract or lease are considered eligible for capitalization or reimbursement. Typically, these costs include commissions, legal fees, or payments made to third parties directly attributable to securing a contract or lease agreement. By clearly outlining what qualifies as an initial direct cost, this clause ensures consistency in accounting treatment and prevents disputes over which expenses can be recognized, thereby promoting transparency and financial clarity between the parties.
Initial Direct Costs. Lessee acknowledges that Lessor will incur certain costs in establishing this transaction ("Initial Direct Costs") and that Lessor will amortize the Initial Direct Costs over the scheduled full term of the Lease. Lessor estimates those costs as, and establishes on its books a reserve therefor, in an amount equal to 1% of the aggregate Fixed Base Rent for the Units. If the Lease is terminated for any reason before the scheduled expiration of the Base Term, whether upon a casualty occurrence or a default, in addition to all other amounts to be paid by Lessee, Lessee shall pay Lessor an amount equal to the unamortized portion of the Initial Direct Cost.
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Initial Direct Costs. Lessee acknowledges that Lessor will incur -------------------- certain costs in establishing this transaction ("Initial Direct Costs") and that Lessor will amortize the Initial Direct Costs over the scheduled full term of the Lease. Lessor estimates those costs as, and establishes on its books a reserve therefor, in an amount equal to 1% of the aggregate Base Rent for the Units. If the Lease is terminated for any reason before the scheduled expiration of the Base Term, whether upon the exercise of any early termination option, a casualty occurrence or a default, in addition to all other amounts to be paid by Lessee, Lessee shall pay Lessor an amount equal to the unamortized portion of the Initial Direct Costs.
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Initial Direct Costs. Notwithstanding anything contained herein or in any other Operative Document to the contrary, in connection with any early termination of the Lease during the Base Term, whether by exercise of Lessee of the Early Termination Option during the Base Term, Lessee’s other early purchase of the Leased Property and payment of the Lease Balance, after the occurrence of an Event of Default or otherwise during the Base Term, in addition to all other amounts owing under the Operative Documents, Lessee shall pay to Lessor the IDC Amount pursuant to the IDC Side Letter.
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Related to Initial Direct Costs

  • Direct Costs The Contractor shall separately identify each item of deleted and added work associated with the change or other condition giving rise to entitlement to an equitable adjustment, including increases or decreases to unchanged work impacted by the change. For each item of work so identified, the Contractor shall propose for itself and, if applicable, its first two tiers of subcontractors, the following direct costs: (1) Material cost broken down by trade, supplier, material description, quantity of material units, and unit cost (including all manufacturing burden associated with material fabrication and cost of delivery to site, unless separately itemized); (2) Labor cost broken down by trade, employer, occupation, quantity of labor hours, and burdened hourly labor rate, together with itemization of applied labor burdens (exclusive of employer’s overhead, profit, and any labor cost burdens carried in employer’s overhead rate); (3) Cost of equipment required to perform the work, identified with material to be placed or operation to be performed; (4) Cost of preparation and/or revision to shop drawings and other submittals with detail set forth in paragraphs (e)(1) and (e)(2) of this clause; (5) Delivery costs, if not included in material unit costs; (6) Time-related costs not separately identified as direct costs, and not included in the Contractor’s or subcontractors’ overhead rates, as specified in paragraph

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Development Costs Licensee shall be responsible for all of its costs and expenses in connection with the Development of, and obtaining and maintaining Regulatory Approvals for, the Licensed Products in the Field in the Territory.

  • Training Costs All costs and expenses incurred by the Contractor in the training of its employees engaged in Petroleum Operations, and such other training as is required by this Agreement.

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.