How is Plant Costs defined in a legal contract?
- Plant Costs means all costs and expenses related to designing, developing, locating, permitting, constructing, equipping and testing the relevant plant. It also includes the costs of all mining and other equipment procured by the entity that owns the relevant plant, intended for supplying such plant with products. All these expenses and costs should be determined following an agreed accounting procedure attached to the [Management Agreement]. Seen in 2 SEC filings
- Plant Costs means the costs associated with the closure of any designated facility. These include costs related to employee benefits such as severance, transition salaries, retention bonuses, termination benefits and costs to end or transition benefit plans. They also include costs to consolidate or relocate facilities and personnel, costs incurred in relation to any collective dismissal or to terminate contractual arrangements such as purchase commitments and leases. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of plant costs' yourself to verify these results. We are always keen to point people to source documents.
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Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Plant Costs means all expenses related to setting up and equipping a plant, procuring necessary resources and equipment, and any expenses connected with facility closure and related personnel changes.
Relevant Contract Types
Relevant Circumstances
- Construction or development of a new plant.
- Shutdown or relocation of an existing facility.
- Real estate transactions involving industrial facilities.
Relevant Sectors
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Plant Costs means all expenses related to setting up and equipping a plant, procuring necessary resources and equipment, and any expenses connected with facility closure and related personnel changes.
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