ANNUAL O&M CHARGE. The Annual O&M Charge for each Purchase Period is calculated by multiplying the Authority’s Annual Operating Costs by a fraction, the numerator of which is the total volume of Potable Water for which the Owner was properly charged during the Purchase Period in accordance with this Agreement, and the denominator of which is the total volume of water that the Authority supplied through the CDWTL to all users (including the total volume taken by the Owner). If the Owner takes all of the Potable Water supplied through the CDWTL during the Purchase Period, the Annual O&M Charge shall equal the Authority’s Annual Operating Costs.
ANNUAL O&M CHARGE. In consideration of Teleglobe's provision of O&M in connection with the IRU granted for the Capacity and Backhaul Capacity, WorldxChange shall pay to Teleglobe annually in advance the sum of Two Hundred Eighty Five Thousand ($285,000) (the "Annual O&M Charge"), which Annual O&M Charge shall increase by three percent (3%) each year, compounded annually but shall not exceed Three Hundred Thirty Thousand ($330,000) during the term of this Agreement.
