General and Administrative Costs definition

General and Administrative Costs means reasonable, normal and customary expenses and costs paid or payable that are classified as general and administrative costs, including salaries and all other compensation to the management of the Borrower, consulting fees, salary, rent, supplies, travel and entertainment, insurance, accounting, legal, engineering and broker related fees, required to manage the affairs of the Borrower.

General and Administrative Costs means all customary and routine legal, accounting, data processing, depreciation (other than depreciation relating to real property), geological, engineering, travel, office rent, telephone, secretarial, employee compensation and benefits, and other items of a general and administrative nature, whether like or unlike the foregoing, and any other incidental expenses reasonably necessary to the conduct of the Limited Partnership's business, and generated by the General Partner or any Affiliate (including the Depositary) other than an Affiliated Program computed on a cost basis, determined by the General Partner in accordance with generally accepted accounting principles and subject to review by an independent public accountant or certified public accountant in connection with the annual audit of the Limited Partnership and its Affiliates. General and Administrative Costs shall not include any Direct Administrative Costs or costs of the Production Partnership.

General and Administrative Costs means all customary and routine legal, accounting, data processing, depreciation (other than depreciation relating to real property), geological, engineering, travel, office rent, telephone, secretarial, employee compensation and benefits, and other items of a general and administrative nature, whether like or unlike the foregoing, and any other incidental expenses reasonably necessary to the conduct of the Production Partnership's business, including the acquisition, operation and administration of Producing Properties, computed on a cost basis, determined by the Managing Partner in accordance with generally accepted accounting principles and subject to review by an independent public accountant or certified public accountant in connection with the annual audit of the Production Partnership and its Affiliates. General and Administrative Costs shall not include any costs includable under the foregoing but which are included as Property Acquisition Costs, Direct Administrative Costs, cost incurred in connection with Development Drilling, Identified Development Drilling and Improved Recovery projects, or Operating Costs.

Examples of General and Administrative Costs in a sentence

The budget reallocation does not increase the percentage rate of Indirect Overhead, Fringe Benefits, General and Administrative Costs, or any other rates listed in the budget.
The balance of General and Administrative Costs and Service Costs not allocated to Exploration Costs or Development Costs shall be allocated to Production Costs.
No Member that withdraws or is terminated shall be entitled to a refund of any payments made in connection with General and Administrative Costs.
The CMGC construction services fee consists of the CMGC Contractor’s profit plus the portion of home office overhead (G&A: General and Administrative Costs) allocated to the project, where home office overhead (G&A) is defined as the cost of activities that are necessary to the overall operation of the CMGC Contractor’s business allocated to all of the CMGC Contractor’s ongoing projects, including insurance that is maintained by the CMGC Contractor as a general cost of doing business.
The Members intend that all Costs of the Corporation that are not directly assigned for recovery to CPA Member Services, a specific Project or Project Contract will be recovered as General and Administrative Costs.

More Definitions of General and Administrative Costs

General and Administrative Costs means all customary and routine legal, accounting, data processing, depreciation (other than depreciation relating to real property), geological, engineering, travel, office rent, telephone, secretarial, employee compensation and benefits, and other items of a general and administrative nature, whether like or unlike the foregoing, and any other incidental expenses reasonably necessary to the conduct of the Partnership's business, and generated by the General Partner or any Affiliate other than an Affiliated Program computed on a cost basis, determined by the General Partner in accordance with generally accepted accounting principles and subject to review by the Accountants in connection with the annual audit of the Partnership and its Affiliates. General and Administrative Costs shall not include any Direct Administrative Costs or Organization and Offering Costs of the Partnership.

General and Administrative Costs means those costs as so categorised in Annex “D”, the Accounting Procedure.

General and Administrative Costs and '"Annual Overhead Charge" means the expenditures so categorised in Annex C;

General and Administrative Costs shall have the meaning assigned to such term in the Financial Appendix.

General and Administrative Costs or “G&A Costs” means costs equal to [ * ] (“G&A Rate”) of the sum of [ * ] both Parties shall use such revised G&A Rate going forward in calculating General and Administrative Costs.

General and Administrative Costs means costs chargeable to the Products relating to Product sales efforts of a Party in Japan equal to a portion of Net Sales set by the Finance Committee. The Finance Committee shall determine such portion by calculating ERS's general and administrative cost budget relating to Japan [**].

General and Administrative Costs means costs attributable to finance, human resources, systems, executives, and non-manufacturing facilities and excludes costs attributable to sales.

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