Operational Expenses Sample Clauses
The Operational Expenses clause defines which costs are considered necessary for the day-to-day functioning of a business or project and how these costs are to be allocated or reimbursed. Typically, this clause outlines categories such as utilities, maintenance, salaries, and supplies, and may specify whether these expenses are included in a budget, billed separately, or subject to approval. Its core practical function is to ensure clarity and prevent disputes by explicitly stating which operational costs are covered and how they are managed between the parties.
Operational Expenses. Bus owner/operators who own their own buses will be compensated in accordance with State guidelines for use of their buses while running their daily routes. They will also receive the local mileage supplement derived by the formula presently being utilized to determine the per mile amount. It is understood by the parties that the present fuel adjustment formula will be applied on or about the 15th day of each month and implemented during the following month. Each bus owner/operator shall receive an additional local operational monthly stipend of $100 per month or $1,200 per year for an additional local operational allowance.
Operational Expenses. Lessee shall pay or procure payment of all expenses incurred in the operation of the Aircraft during the Lease Term including, without limitation, expenses of flight crews, cabin personnel, fuel, oil, lubricants, maintenance, insurance, landing and navigation fees, airport charges, passenger service and any and all other expenses or claims of any kind or nature incurred during the Lease Term, arising directly or indirectly in connection with or related to the use, movement, operation, storage or location of the Aircraft or any Item of Equipment. The obligations of Lessee under this Section 11.4 arising prior to any cancellation, termination or expiration of the Lease Term shall continue in full force and effect, notwithstanding such cancellation or termination (whether arising out of an Event of Default or otherwise) or expiration, and shall be enforceable by Lessor. Nothing herein shall be deemed to prevent Lessee from contesting any such expenses by appropriate proceedings, provided that no such contest shall give rise to any reasonable likelihood of the loss, forfeiture or seizure of the Aircraft or any criminal liability on the part of any Indemnitee.
Operational Expenses. 2.3.1 Expenses of this type shall be charged to Petroleum Costs at the Contractor’s actual cost for the charges for services involved, such as this price appears in the Contractor’s accounts consistent with the applicable provisions of this Appendix. These expenses include in particular:
2.3.2 The taxes, fees and imposts due and payable in Mauritania under applicable regulations and the provisions of the Contract and directly related to Petroleum Operations. Surface rentals, the BIC tax and the bonuses provided for respectively in Articles 11 and 13 of the Contract, as well as any other charge the recovery of which is disallowed by the provisions of this Contract or of this Appendix, shall not be charged to Petroleum Costs..
2.3.3 Personnel expenses and environment of the personnel
Operational Expenses. 3.5.1 Where an Employee is specifically directed to provide or maintain any equipment or facilities or incur pre-approved direct expenses as an operational requirement of their position such as land line phone, computers, the Employer will meet the costs of all such expenses, installations, continuing maintenance or rental that may be applicable on the production of receipts. Any excessive costs of private use of these facilities will be met directly by the Employee involved.
Operational Expenses. On or before the tenth (10th) Business Day after the end of each month during the Period of Secondment, GPRE shall send an itemized invoice (in a form mutually agreed upon by GP and GPRE) to GP detailing all reimbursable expenses under Section 3.2 incurred by GPRE with respect to the Seconded Employees in connection with the performance of the Services during the preceding month (the “Services Reimbursement”). GP shall, within ten (10) calendar days of receipt, pay such invoice, except for any amounts therein being disputed in good faith by GP. Any amounts that GP has disputed in good faith and that are later determined by any court or other competent authority having jurisdiction, or by agreement of the Parties, to be owing from GP to GPRE shall be paid in full within ten days of such determination, together with interest thereon at the Interest Rate from the date due under the original invoice until the date of payment.
Operational Expenses. Operational expenses shall be allocated between the banks as a percentage based on FHB and BoW’s respective number of millions of operations per second, with FHB allocated twenty-three percent (23%) of operational expenses and BoW allocated seventy-seven percent (77%) of operational expenses. 5/31/2018 FHI BoW
Operational Expenses. On or before the tenth (10th) Business Day after the end of each month during the Period of Secondment, the Operators shall send an itemized invoice (in a form mutually agreed upon by GP and the Operators) to GP detailing all reimbursable expenses under Section 3.2 incurred by each Operator with respect to the Seconded Employees in connection with the performance of the Operational Services during the preceding month (the “Services Reimbursement”). GP shall, within ten (10) calendar days of receipt, pay such invoice, except for any amounts therein being disputed in good faith by GP. For ease of administration, the Operators may permit GP to make payment of the full invoice amount to a single Operator, in which case such Operator shall be responsible for paying over any amounts due to the other Operator. Any amounts that GP has disputed in good faith and that are later determined by any court or other competent authority having jurisdiction, or by agreement of the Parties, to be owing from GP to an Operator shall be paid in full within ten days of such determination, together with interest thereon at the Interest Rate from the date due under the original invoice until the date of payment.
Operational Expenses. The operational expenses of the Trust will be paid by the Trust. It is anticipated that the expenses of the Trust, including, but not limited to office expenses, printing and mailing costs, preparation and mailing of periodic statements, Trustee, legal and accounting fees and other miscellaneous expenses will not exceed one percent (1%) of the net asset value of the Trust annually. An amount equivalent to one quarter (1/4) of one percent (1%) of the Trust’s Net Asset Value computed at the close of business on the last day of each calendar quarter will be set aside in an account for use in defraying these expenses. Any portion thereof not so expended at the end of any fiscal year or in excess of one percent (1%) of the average Net Asset Value of the Trust for that year and not deemed reasonably necessary as a reserve for anticipated expenses, in the sole discretion of the Managing Operator, will be returned to the capital of the Trust for investment. In addition, the Trust shall bear the commission costs associated with its trading activities.
Operational Expenses. The term "Operational Expenses" shall mean the necessary Personnel Costs and operating costs to support the call-taking, teletype (queries only), and dispatch services under the Consolidated Regional E-911 Communication System.
Operational Expenses. The Party providing the Logistics Services or the Tesoro Services (the “Secondment Provider”), as the case may be, shall invoice the recipient of Logistics Services or Tesoro Services performed by the Seconded Employees (the “Secondment Recipient”) on or before the tenth (10th) Business Day after the end of each month during the Period of Secondment. The itemized invoice (in a form mutually agreed upon by the Parties) shall list the flat monthly fees for Operational Services, as provided under Section 3(e) and detail all other reimbursable Seconded Services, as provided under Section 3(b) that are incurred by the Secondment Recipient with respect to the Seconded Employees in connection with the performance of the applicable Seconded Services during the preceding month (the “Services Reimbursement”). The Secondment Recipient shall, within ten (10) calendar days of receipt, pay such invoice, except for any amounts therein being disputed in good faith by the Secondment Provider. Any amounts that the Secondment Provider has disputed in good faith and that are later determined by any court or other competent authority having jurisdiction, or by agreement of the Parties, to be owing from the Secondment Provider to the Secondment Recipient shall be paid in full within ten (10) days of such determination.