Operating and Maintenance Fee. ECS shall pay Operator an operating and maintenance fee to operate and maintain the Compressor Motor Facilities (including the provision of administrative services) (the "Operating and Maintenance Fee"). The Operating and Maintenance Fee shall be the O&M Conversion Factor (based on the Load Factor for such month, as set forth in the table in Exhibit "B") multiplied by Total Shaft Energy. In no event shall the total of all Operation and Maintenance Fees for any Contract Year be less than $______. The Operating and Maintenance Fee covers all of Operator’s operation and maintenance costs (including, but not limited to capital expenditures) incurred in the operation of the Compressor Motor Facilities, and the cost of all scheduled maintenance and repair for the particular Contract Year. Notwithstanding the above, the Operating and Maintenance Fee shall not cover any costs associated with the repair and/or replacement of facilities that are covered under Owner’s insurance protection as specified in Article 10 herein, the cost of such insurance, and any ad valorem taxes relating to the Compressor Motor Facilities. Operator shall invoice the Owner for the Operating and Maintenance Fee for the immediately preceding month within 20 days of the 1st day of each month. Owner shall provide to Operator the necessary information required for calculation of the Load Factor within 15 days of the 1st day of each month. The Operating and Maintenance Fee shall be paid by Owner to Operator within 10 days of Owner's receipt of such invoice by wire transfer to an account to be designated by Operator. Should this Agreement terminate prior to the end of any month the Operating and Maintenance fee shall be prorated based upon the portion of the month in which the Agreement was in effect.
Operating and Maintenance Fee. Commencing , the Department shall pay to the Authority an Operating and Maintenance Fee determined in accordance with the Management Agreement, such fee to be equal to one-twelfth (1/12th) of the “Budget” (as defined in the Management Agreement) for the period in question. Such Operating and Maintenance Fee reflects the Department’s monthly payment for the operation and routine maintenance and repair of the Premises as described in the Management Agreement. The Operating and Maintenance Fee shall be subject to increase and reduction in accordance with the terms of the Management Agreement.
Operating and Maintenance Fee. Owner shall pay Operator an operating and maintenance fee to operate and maintain the Compressor Motor Facilities (including the provision of administrative services) (the "Operating and Maintenance Fee"). The Parties agree that all amounts paid by Owner to Operator in accordance with Section 3.1 of the Bisti Operating Agreement shall be inclusive of the Operating and Maintenance Fee required hereunder and no further payment for all operating and maintenance services hereunder beyond those amounts paid in accordance with the Bisti Operating Agreement shall be required under this Agreement. The Operating and Maintenance Fee covers all of Operator’s operation and maintenance costs (including, but not limited to capital expenditures) incurred in the operation of the Compressor Motor Facilities, and the cost of all scheduled maintenance and repair for the particular Contract Year. Notwithstanding the above, the Operating and Maintenance Fee shall not cover any costs associated with the repair and/or replacement of facilities that are covered under Owner’s insurance protection as specified in Article 8 herein, the cost of such insurance, and any ad valorem taxes relating to the Compressor Motor Facilities. "
