Common use of Variable Costs Clause in Contracts

Variable Costs. 1.1 The Secretary of State shall add together the Estimated Inventory of Legacy Waste and the Estimated Inventory of New Build Waste to give the "Total Estimated Inventory of Waste". 1.2 The Secretary of State shall determine the product of the Estimated Variable Costs per DECC Unit of Waste and the Operator's Estimated Waste Inventory to give the "Operator's Total Variable Waste Costs". 1.3 The Secretary of State shall add together the Operator's Total Variable Waste Costs and the Operator's Total Variable Spent Fuel Costs to give the "Operator's Total Variable Costs". 1.4 The Secretary of State shall determine the result of the addition of: (i) the product of the Estimated Variable Costs per DECC Unit of Waste and the Total Estimated Inventory of Waste; and (ii) the product of the Estimated Variable Costs per DECC Unit of Spent Fuel and the Total Estimated Inventory of high level waste and Spent Fuel, to give the "Total Variable Costs".

Variable Costs. 1.1 The Secretary of State shall add together the Estimated Inventory of Legacy Waste and the Estimated Inventory of New Build Waste to give the "“Total Estimated Inventory of Waste"”. 1.2 The Secretary of State shall determine the product of the Estimated Variable Costs per DECC Unit of Waste and the Operator's Estimated Waste Inventory to give the "“Operator's Total Variable Waste Costs"”. 1.3 The Secretary of State shall add together the Operator's Total Variable Waste Costs and the Operator's Total Variable Spent Fuel ILW Costs to give the "“Operator's Total Variable Costs"”. 1.4 The Secretary of State shall determine the result of the addition of: (i) the product of the Estimated Variable Costs per DECC Unit of Waste and the Total Estimated Inventory of Waste; and (ii) the product of the Estimated Variable Costs per DECC Unit of Spent Fuel ILW and the Total Estimated Inventory of high level waste and Spent FuelILW, to give the "“Total Variable Costs"”.