O&M Payments Sample Clauses

O&M Payments. 23.7.1 The Parties acknowledge and agree that all O&M Expenses shall be borne by the Concessionaire and in lieu thereof, a lump sum financial support in the form of quarterly payments shall be due and payable by the Authority, which shall be computed on Rs............ (Rupees.............) (the "First Year O&M Cost")5, in accordance with the provisions of this Clause 23.7 (the "O&M Payments"). GST as applicable shall be reckoned by the Authority at the material time of each quarterly payment of O&M Expenses. The Parties further acknowledge and agree that any O&M Expenses in excess of the O&M Payments shall be borne solely by the Concessionaire, save and except as expressly provided in this Agreement. For avoidance of doubt, it is clarified that the O&M Payments will be subject to any Change in Scope of the Project of the Concessionaire under Article 16 of this Agreement.
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O&M Payments. 23.7.1 The Parties acknowledge and agree that all O&M Expenses shall be borne by the Concessionaire and in lieu thereof; a lump sum financial support in the form of biannual payments shall be due and payable by the Authority, which shall be computed on the amount quoted by the selected bidder under its O & M Bid in accordance with the provisions of this Clause 23.7 (the “O&M Payments”). The Parties further acknowledge and agree that any O&M Expenses in excess of the O&M Payments shall be borne solely by the Concessionaire, save and except as expressly provided in this Agreement. For avoidance of doubt it is clarified that the O&M Payments will be subject to any Change in Scope of the Project of the Concessionaire under Article 16of this Agreement.
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O&M Payments. (a) During the O&M Period, NMCG shall be required to make the O&M Payments in Rupees to the Concessionaire for each STP Facility comprising the Capex Annuity, the interest on the reducing balance of 60% of the STP Completion Cost, the STP O&M Charges and the Power Charges, in accordance with this Clause 9.4.
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O&M Payments. (a) During the O&M Period, NMCG shall be required to make the O&M Payments to the Concessionaire comprising the Capex Annuity; the O&M Charges and the Power Charges, in accordance with this Clause 9.4.
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O&M Payments. Each Member Agency’s share of Net O&M Expenses will be allocated based upon such Member Agency’s actual Flow and Strength of Wastewater discharged to the Project under this Agreement in a particular fiscal year. The Authority shall periodically determine how O&M Expenses shall be allocated among the components of Flow and Strength based on cost-of-service and sound engineering principles.
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O&M Payments. If requested by Owner, provide a proposed monthly amount to compensate the Contractor for performing the maintenance services to be set forth in Schedule K of the Investment Grade Audit Report, together with an inflationary adjustment factor.
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O&M Payments 
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Related to O&M Payments

  • Interim payments Interim payments may be made by Department, at its discretion, if the completion of deliverables to date have first been accepted in writing by Department's Grant Manager.

  • Quarterly Payments H3.15 The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated.

  • Interim payment At the end of each of the periods indicated in Annex I the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions: ⮚ an interim technical report in accordance with the instructions laid down in Annex I; ⮚ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Past Due Payments Provide the grace period (number of days) before a late charge is due if the tenant is late with rent payments. Specify whether the late charge will be a percentage of the monthly rent or a dollar amount per day. 15.

  • Excess Payments If Tenant shall assign this Lease or sublet any part of the Premises for consideration in excess of the pro-rata portion of Rent applicable to the space subject to the assignment or sublet, then Tenant shall pay to Landlord as Additional Rent 50% of any such excess immediately upon receipt.

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