Operations and Maintenance Costs Sample Clauses
Operations and Maintenance Costs. Operator will manage and control operations and maintenance costs according to a predetermined budget that has been accepted by and developed in conjunction with the Owner. All operations and maintenance expenses will be administered by Operator and paid by Owner in local currency or paid as a Reimbursable Cost.
Operations and Maintenance Costs. $9.62 per month per Overhead-Fed Streetlight, and $17.66 per month per Underground-Fed Streetlight.
Operations and Maintenance Costs. Generator is responsible for ongoing O&M Costs for the Interconnection Facilities throughout the Term. Exhibit A states the estimated O&M Costs, calculated using the current estimated Installation Costs. Generator will pay the monthly GPC O&M Costs as indicated in Exhibit A, Section 3 (Estimated O&M Costs). If applicable, Generator also will be responsible for reimbursement to GPC for O&M on Interconnection Facilities as charged by an Affected System as indicated in Exhibit A, Section 3 (Estimated O&M Costs).
Operations and Maintenance Costs. If a District believes it has valid defenses, setoffs, counterclaims, or other claims, it shall make all payments to the CAB as described herein and attempt or seek to recover such payments by actions at law or in equity for damages or specific performance.
Operations and Maintenance Costs. The Districts further agree to impose such mill levy as is determined by the CAB to be sufficient to pay Actual Capital Costs and Actual Operations and Maintenance Costs (the “Required Mill Levy”). The financial obligations of the Districts to remit District revenues to the CAB to fund the Actual Capital Costs and the Actual Operations and Maintenance Costs hereunder shall be multiple fiscal year financial obligations of each District, payable from ad valorem property taxes generated as a result of the certification by each District of a debt service and an operations mill levy and any revenue derived from Development Fees or other fees, rates, tolls or charges of the Districts. The full faith and credit of each District, as limited hereby, is hereby pledged to the punctual payment of the amounts to be paid hereunder. Such amounts shall, to the extent necessary, be paid out of the general revenues of each District or out of any funds available for that purpose. For the purpose of raising such general revenues, and for the purpose of providing the necessary funds to make payments hereunder as the same become due, the Board of each District shall annually determine, fix and certify the Required Mill Levy, which shall be a rate of levy for ad valorem property taxes to the County, which when levied on all of the taxable property of such District, shall raise direct ad valorem property tax revenues which, when added to other funds of the District legally available therefore, will be sufficient to promptly and fully pay the amounts to be paid hereunder, as well as all other multiple fiscal year financial obligations or general obligation indebtedness of such District, as the same become due. Except as limited herein, each District covenants to levy such xxxxx which are from time to time lawful, and as necessary, together with other moneys of the District, to pay the amounts to be paid hereunder, along with all other general obligation indebtedness or multiple-year financial obligations of the District. Each District shall pay to the CAB amounts due hereunder as soon as practicable, but no later than ten ( 10) days after receipt thereof. Notwithstanding anything to the contrary set forth herein, no District shall be obligated to impose a mill levy in excess of what is allowable under the Service Plans.
Operations and Maintenance Costs. The Borrower shall not increase in any year the amount of Project O&M Expenses by more than 10% over the amount shown for such expenditures in such year in the Base Case Financial Model, without the TIFIA Lender’s prior written consent; provided, that no consent shall be required for (i) reasonably unforeseen expenditures to the extent necessary to pay for compliance with emergency expenses in accordance with the Direct Agreement and (ii) reasonably unforeseen expenditures to the extent necessary to be made to cause the Project to be in compliance with applicable mandatory Governmental Authority.
Operations and Maintenance Costs. Valley District shall keep a separate 105 accounting of all costs incurred, including staff time for Valley District employees 106 or consultants, that relate to the operation and maintenance of Xxxxxxxx Turnout 107 Hydroelectric Generating Station. The City shall be responsible for 50% of those 108 costs. Valley District will invoice the City annually on or about each [date] for 109 such costs incurred during the prior year. The Parties anticipate that it may be 110 necessary to make significant capital expenditures from time to time to improve 111 the Xxxxxxxx Turnout Hydroelectric Generating Station, which capital costs will 112 also be split 50%/50% between Valley District and the City. Such improvements 113 will be owned, designed, constructed and operated by Valley District. In the 114 event that the City is not willing to pay 50% of the capital costs of such 115 improvements, then the deviation from Resolution 888 provided for in paragraph 116 [3] below shall immediately terminate for all Project facilities. 118 3. 119 120 121 122 123 4. 124 Deviation from Resolution 888. Notwithstanding the provisions of Section 5.04 of Resolution 000, Xxxxxx Xxxxxxxx agrees that the City may retain 50% of the revenues from the Project facilities provided the City fulfills its cost sharing responsibility pursuant to paragraph 2, subject to the provisions of paragraph [4] below.
Operations and Maintenance Costs. 8.1. Except as set forth in Sections 8.3 and 8.4 below, to address Operations and Maintenance Costs, each Party will pay to MDWID a total usage rate (which may include a power charge if applicable to that Party) for each unit of water delivered from the Party’s Source to the Party’s Point of Entry. The total usage rate (which may include a power charge if applicable to that Party) will be calculated annually using the agreed-upon methodology as set forth in Exhibit C.
8.2. The Operating Agent shall provide, beginning with the year of the In-Service Date, the annual Operations and Maintenance Costs no later than January 1st of each year for the subsequent fiscal year; provided, however, that a pro-rated amount will be provided for the first partial year and the estimated amount will be provided within seventy-five (75) days of the In-Service Date.
8.3. For any Operations and Maintenance Costs approved in advance by the NWRRDS Committee for the subsequent fiscal year in accordance with Section 6.8, the Parties shall pay for such amounts directly in accordance with their allocation percentages as set forth in Exhibit B (provided that the work is for a portion of the NWRRDS utilized by a Party).
8.4. For any emergency/urgent Operations and Maintenance Costs on the NWRRDS in excess of $250,000, the Parties shall pay Operating Agent as described in Section 9.3.
8.5. The Operating Agent will be responsible for reading meters monthly, keeping a record of actual deliveries to each Party and reconciling the delivered quantity of water to the requested annual delivery by the individual Parties at the end of each calendar year. All associated costs for reading, testing, and replacement of the meters will be incorporated into the annual calculation of operation and maintenance costs. The initial base usage rate is set forth in Exhibit C.
Operations and Maintenance Costs. The Initial Participants shall fund the initial operating costs of the Agency as described in Exhibit B.
Operations and Maintenance Costs. The current estimate for annual operation and maintenance costs is $80,000, to be shared equally by the project participants. The City of Lompoc shall invoice the Cities of Buellton, Solvang and the County of Santa Xxxxxxx actual operating costs on a monthly basis. The Cities of Buellton, Solvang and the County of Santa Xxxxxxx shall include with each payment the source of funding they are using.