Operating Cost Component definition

Operating Cost Component means the component of the Hire Rate established pursuant to paragraph 1.4 of Schedule III.
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Operating Cost Component has the meaning given to such term in Clause 9.l(b )(ii).
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Operating Cost Component means the Operating Cost Component of Monthly Power Costs described in the definition of Monthly Power Costs and in Exhibit B.
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Examples of Operating Cost Component in a sentence

  • The parties shall agree upon a portion of such expenditures, which shall be excluded from the Operating Cost Component.

  • The Operating Cost Component shall provide for all costs of vessel operation under the Charter.

  • Any operating costs which are expected to be recovered by Owner under insurance coverages or from third parties shall be deducted from the Operating Cost Component pursuant to this Schedule III.

  • In the event of such conversion, the Operating Cost Component shall be adjusted in that there shall be credited against Hire the full amount which Owner saves on account of such conversion.

  • Based on the above audit, Charterer shall calculate the Operating Cost Component, which would have been applicable for the relevant year if actual costs had been used to calculate such Operating Cost Component as opposed to estimates thereof (the “Adjusted Operating Cost Component”).

  • The Operating Cost Component is subject to annual adjustment, up or down, to reflect changes in such operating costs in accordance with clause 2 of this Schedule III.

  • For purposes of such audit, Owner shall make available or shall cause to be available to Charterer and its auditor full access to the offices of Owner and Manager during normal business hours to review such books and records as relate to the Vessel and its operation excepts books and records which relate solely to the Financial Cost Component or the Other Costs category of the Operating Cost Component.

  • Operating costs that have been included in the Operating Cost Component which has been paid by Charterer to Owner and are subsequently recovered by Owner under insurance coverages or from third parties (including Builder) shall be paid by Owner to Charterer immediately following such recovery.

  • In such event, the Operating Cost Component shall be adjusted in that there shall be credited against Hire the full amount which Owner saves on account of such shore-based crew (including but not limited to a deduction of ***** United States dollars (U.S. *****) per day for every crew member no longer needed on the Vessel).

  • In such event, the Operating Cost Component shall be adjusted in that there shall be credited against Hire the full amount which Owner saves on account of such shore-based crew (including but not limited to a deduction of ***** United States dollars (U.S. $*****) per day for every crew member no longer needed on the Vessel).


More Definitions of Operating Cost Component

Operating Cost Component is defined in Section 4.7.1.
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Operating Cost Component means the component of the Hire Rate established pursuant to paragraph 1.2 of Schedule III.
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Related to Operating Cost Component

  • Operating Cost means the total cost and expense incurred in operating, managing, insuring, equipping, lighting, repairing, maintaining and policing the Real Property, including the exterior of the Real Property and the common areas, and specifically including, without limitation, items of expense for or related to: insurance premiums and deductibles, management, bookkeeping.