Operations & Maintenance Retention Amount Sample Clauses

Operations & Maintenance Retention Amount. The Parties recognize that O&M Costs paid in performing Operations & Maintenance during any O&M Retention Period may exceed the O&M Cost Estimate for that O&M Retention Period. Notwithstanding the allocation set forth in Section VI.A.4 of this Agreement, and except as otherwise stated in Section VIII.B.2 of this Agreement (“Force Majeure”), the Regional Board shall be solely responsible for paying all O&M Costs or other costs or expenses paid in connection with the performance of the Operations & Maintenance in excess of the O&M Cost Estimate until and to the extent the amount of such excess O&M Costs, as documented in the O&M Cost Summaries prepared and delivered to Atlantic Richfield in accordance with Section VI.A.6, exceeds fifteen percent (15%) of the O&M Cost Estimate for the applicable O&M Retention Period (the “O&M Retention Amount”). Atlantic Richfield shall not be responsible under this Agreement for paying any portion of the O&M Retention Amount. Atlantic Richfield shall not be responsible under this Agreement for paying any O&M Costs in excess of the O&M Cost Estimate, unless and until the Regional Board has paid the entire O&M Retention Amount. In the event the total amount of the O&M Costs paid within an O&M Retention Period exceeds the O&M Cost Estimate plus the O&M Retention Amount for that O&M Retention Period, the Parties shall be responsible for paying such excess O&M Costs (those above the O&M Retention Amount) in accordance with the following allocation formula: Atlantic Richfield: 70% Regional Board: 30%
Sample 1
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Related to Operations & Maintenance Retention Amount

  • Records Maintenance; Access Contractor shall maintain all financial records relating to this Contract in accordance with generally accepted accounting principles. In addition, Contractor shall maintain any other records, books, documents, papers, plans, records of shipments and payments and writings of Contractor, whether in paper, electronic or other form, that are pertinent to this Contract (“Records”) in such a manner as to clearly document Contractor's performance. Contractor acknowledges and agrees that Agency and the Oregon Secretary of State's Office and the federal government and their duly authorized representatives will have access to such financial records and other Records that are pertinent to this Contract, whether in paper, electronic or other form, to perform examinations and audits and make excerpts and transcripts. Contractor shall retain and keep accessible all such financial records and other Records for a minimum of 6 years, or such longer period as may be required by applicable law, following final payment and termination of this Contract, or until the conclusion of any audit, controversy or litigation arising out of or related to this Contract, whichever date is later.

  • Document Retention and Record Maintenance The HSP will

  • Record Maintenance and Retention A. Grantee shall keep and maintain under GAAP or GASB, as applicable, full, true, and complete records necessary to fully disclose to the System Agency, the Texas State Auditor’s Office, the United States Government, and their authorized representatives sufficient information to determine compliance with the terms and conditions of this Grant Agreement and all state and federal rules, regulations, and statutes.

  • INTERIM MAINTENANCE PERIOD During the interim maintenance period between obtaining of the completion certificate of Project and formation and operationalization of the Association the Promoter shall through itself or through a facility management company constitute a committee to run, operate, manage and maintain the Common Areas.

  • Salary Maintenance (a) Entitlement to salary maintenance An Affected Employee who is successfully redeployed will be entitled to salary maintenance where the Affected Employee’s pay is reduced because the new role:

  • Operation and Maintenance Manuals Receipts for transmittal of Operation and Maintenance Manuals, Brochures and Data to the Design Professional (or Commissioning Agent) as required by Section 6.1.1.5.

  • Operation and Maintenance 17.1 O&M obligations of the Concessionaire

  • Uniform Maintenance Allowance 22.1 The City provides uniforms or uniform allowance for employees represented by the Association. The City will continue to replace, repair and maintain uniforms worn in the line of duty. The average cost of the uniforms/uniform allowances are reported as special compensation (for those employees defined as “classic employees” by the Public Employees’ Pension Reform Act of 2013 for retirement calculation purposes and is currently reported as $17 per pay period.

  • Operating and Maintenance Expenses Subject to the provisions herein addressing the use of facilities by others, and except for operations and maintenance expenses associated with modifications made for providing interconnection or transmission service to a third party and such third party pays for such expenses, the Interconnection Customer shall be responsible for all reasonable expenses including overheads, associated with: (1) owning, operating, maintaining, repairing, and replacing the Interconnection Customer’s Interconnection Facilities; and (2) operation, maintenance, repair and replacement of the Participating TO’s Interconnection Facilities.

  • Routine Maintenance (i) CRC shall be responsible for Routine Maintenance when necessary or desirable to maintain the Shared Assets in a safe operating condition, and to permit and facilitate (A) the performance by CRC of its obligations pursuant to this Agreement, and (B) the use of Shared Assets by the Operators in accordance with this Agreement.

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