Initial Estimate Sample Clauses

The Initial Estimate clause defines the preliminary calculation of costs, time, or resources required for a project or service at the outset of an agreement. Typically, this estimate is provided before work begins and serves as a baseline for budgeting and planning, though it may be subject to revision as more information becomes available or project requirements change. Its core function is to set expectations for both parties regarding anticipated expenses or timelines, helping to prevent misunderstandings and facilitate informed decision-making.
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Initial Estimate. Not later than thirty (30) days prior to the end of the student’s Grace Period, student shall provide Informal Income Documentation to establish the Estimated Annual Personal Income. If no such documentation is provided within the time period allowed, Funder will set the Estimated Annual Personal Income to the maximum income for the current year of the contract as specified in Exhibit B.
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Initial Estimate. On or before May 31 in each calendar year, Buyer shall provide to Seller Buyer’s best estimate of the Requirements for the Contract Year commencing on the next July 1 (the “Initial Estimate”). The Initial Estimate shall be made substantially in the form attached as Form A-1. The Initial Estimate shall include (i) the planned change in Buyer’s inventory from the beginning of the Contract Year to the end of the Contract Year, (ii) the estimated amount of coal to be burned in the Pant for that Contract Year, (iii) Buyer’s estimate of Offsite Coal to be Shipped in that Contract Year, (iv) Buyer’s estimate of coal to be purchased from third parties for Test ▇▇▇▇▇, (v) estimated Predelivery Tons of Shortfall Tons from the prior Contract Year, (vi) a forecast of inventory levels by month, and (viii) a forecast of anticipated Plant outages.
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Initial Estimate. For the period beginning on the Commencement Date and continuing through December 31, 2017, Lessor has determined the Estimated Monthly CAM Charges to be $6,835. Subject to the terms of this lease, County shall pay such amount to Lessor beginning on the Commencement Date and continuing through December 31, 2017.
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Initial Estimate. Not later than thirty (30) days prior to the end of the student's Transition Period, student shall provide Informal Income Documentation to establish the Student's Individual Earned Income Estimate. If no such documentation is provided within the time period allowed, Student will be charged a fee as described in Exhibit A and Funder will set the Individual Earned Income Estimate to the Lower Income Cut-Off amount specified in section 11.3.1.
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Initial Estimate. For initial deliveries at each Delivery Point, Seller and Buyer will agree on an estimated daily quantity reasonably in advance of the Nomination deadlines preceding the commencement of deliveries.
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Initial Estimate. The Parties hereby agree that the commercially reasonable estimated Operating Costs during calendar year 2009 is $19.97 per bone dry ton (the “Initial Cost”). The Initial Cost shall be increased by 3% effective upon January 1 of each calendar year during the Term to reflect the Parties’ commercially reasonable estimate of annual increases in Operating Costs.
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Initial Estimate. For the period beginning on the Commencement Date and continuing through December 31, 2022, Lessor has determined the Estimated Monthly Additional Rent to be $4,837.00. Subject to the terms of this lease, County shall pay such amount to Lessor beginning on the Commencement Date and continuing through the expiration of the term of the lease.
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Initial Estimate. With respect to the Initial Facilities, [$375,300,000] and with respect to each Capital Improvement, the Initial Estimate shall be the first estimate of the Costs of Construction of such Capital Improvement approved by the Participant Committee whether by way of a Capital Budget setting forth such estimate or otherwise.
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Related to Initial Estimate

  • Cost Estimate The cost estimate shall set out the estimated costs for the proposed Change Order in such a way that a fair evaluation can be made. It shall include a breakdown for labor, materials, equipment and markups for overhead and profit, unless TxDOT agrees otherwise. If the work is to be performed by Subcontractors and if the work is sufficiently defined to obtain Subcontractor quotes, DB Contractor shall obtain quotes (with breakdowns showing cost of labor, materials, equipment and markups for overhead and profit) on the Subcontractor’s stationery and shall include such quotes as back-up for DB Contractor’s estimate. No markup shall be allowed in excess of the amounts allowed under Section 10.6. DB Contractor shall identify all conditions with respect to prices or other aspects of the cost estimate, such as pricing contingent on firm orders being made by a certain date or the occurrence or non-occurrence of an event.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds the CITY’s stated construction budget by ten percent (10%) or more, CONSULTANT shall make recommendations to CITY for aligning the Project design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Pre-Estimate The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.

  • Statement of Estimated Direct Expenses In addition, Landlord shall give Tenant a yearly expense estimate statement (the “Estimate Statement”) which shall set forth Landlord’s reasonable estimate (the “Estimate”) of what the total amount of Direct Expenses for the then-current Expense Year shall be and the estimated Tenant’s Share of Direct Expenses (the “Estimated Direct Expenses”). The failure of Landlord to timely furnish the Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect any Estimated Direct Expenses under this Article 4, nor shall Landlord be prohibited from revising any Estimate Statement or Estimated Direct Expenses theretofore delivered to the extent necessary. Thereafter, Tenant shall pay, with its next installment of Base Rent due that is at least thirty (30) days thereafter, a fraction of the Estimated Direct Expenses for the then-current Expense Year (reduced by any amounts paid pursuant to the last sentence of this Section 4.4.2). Such fraction shall have as its numerator the number of months which have elapsed in such current Expense Year, including the month of such payment, and twelve (12) as its denominator. Until a new Estimate Statement is furnished (which Landlord shall have the right to deliver to Tenant at any time), Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth (1/12) of the total Estimated Direct Expenses set forth in the previous Estimate Statement delivered by Landlord to Tenant.

  • Direct Expenses 1. Fees and expenses of its directors (including the fees of those directors who are deemed to be "interested persons" of the Fund as that term is defined in the Investment Company Act of 1940) and the meetings thereof;