Common use of O&M EXPENSES FOR INTERCONNECTION FACILITIES Clause in Contracts

O&M EXPENSES FOR INTERCONNECTION FACILITIES. In accordance with Article 4 of this Agreement and Section F of this Attachment 2, the Orangeville Parties shall pay all reasonable expenses, including overheads (“O&M Expenses”) associated with the operation, maintenance, repair and replacement of the Connecting Transmission Owner’s Interconnection Facilities (“O&M Expenses”). The Orangeville Parties shall pay such O&M Expenses under the procedure described below: (a) Annual Actual O&M Payment The Orangeville Parties shall pay for all reasonable and verifiable O&M Expenses incurred by Connecting Transmission Owner, which expenses shall be billed by Connecting Transmission Owner annually as accumulated during the year for which they were incurred. (b) O&M Expenses O&M Expenses shall include (but are not limited to): • Operation & Maintenance; • Equipment Replacement; • Administrative & General; and • Applicable Property and Other Taxes. (c) O&M Payment The Orangeville Parties shall pay all O&M Expenses associated with the operation, maintenance, repair and replacement of the Connecting Transmission Owner’s Interconnection Facilities. Any incremental property tax payment resulting from the addition of the Connecting Transmission Owner’s Interconnection Facilities will be the responsibility of the Orangeville Parties and paid annually. A property tax assessment before and after construction of the Connecting Transmission Owner’s Interconnection Facilities will be determined and submitted to the Orangeville Parties for review.