Cost of Operation and Maintenance means the then current expenses, paid or accrued, in the operation, maintenance and repair of the Utility System, as calculated in accordance with generally accepted accounting principles, including, but not limited to, general administrative and indirect labor costs, personal services, contractual services, repairs and maintenance, and materials and supplies, but shall not include expenses not annually recurring, any reserve for renewals and replacements, extraordinary repairs or any allowance for depreciation, any Bond Service Requirement, any payments in lieu of taxes, franchise fees or other transfers.
Cost of Operation and Maintenance means the actual cost incurred by the Landlord or its affiliates with respect to the ownership, operation, maintenance and repair of the Building and the plaza, curbs and sidewalks adjoining the same, including, without limitation, the cost incurred for air conditioning; mechanical ventilation; heating; interior and exterior cleaning; rubbish removal; window washing (interior and exterior, including, without limitation, inside partitions); elevators; escalators; hand tools and other equipment to the extent same are not required to be capitalized in accordance with generally accepted accounting principles (“GAAP”); pxxxxx and matron service; electric current, steam, water and other utilities; association fees and dues; protection and security service; repairs; maintenance; compliance with any Preservation Agreement to the extent same are not required to be capitalized in accordance with GAAP; fire, extended coverage, boiler, sprinkler, apparatus, rental income, public liability and property damage insurance; supplies; wages, salaries, disability benefits, pensions, hospitalization, retirement plans and group insurance respecting service and maintenance employees, building superintendents, concierges, managers, their assistants and clerical staffs, and persons engaged in supervision of the foregoing; uniforms and working clothes for such employees and the cleaning thereof; expenses imposed pursuant to any collective bargaining agreement with respect to such employees; payroll, social security, unemployment and other similar taxes with respect to such employees; sales, use and other similar taxes; vault charges; franchise fees payable in connection with the concourse levels of Rockefeller Center; water rates; sewer rents; charges of any independent contractor who does any work with respect to the operation, maintenance and repair of the Building and the plaza curbs and sidewalks adjoining the same; reasonable and customary management fees not to exceed those which would be charged by comparable, unaffiliated managing agents providing services similar to those provided by the Landlord or the Landlord’s managing agent; legal, accounting and other professional fees; decorations; and the annual depreciation or amortization over the useful life thereof in accordance with GAAP of costs, including, without limitation, financing costs, incurred for any equipment, device or other capital improvement made or acquired which is either intended as a laborsaving measure or...
Cost of Operation and Maintenance means the costs of operation, maintenance, and routine repairs and the costs incurred by the water users' association or the department in the distribution of water from the project, excluding the department's administrative costs.
Examples of Cost of Operation and Maintenance in a sentence
After the expiration of each Operational Year, Landlord shall furnish Tenant with a written statement prepared by Landlord of the actual Cost of Operation and Maintenance incurred for such Year (“Actual Costs”).
Beginning on the Commencement Date, Tenant shall pay to Landlord as Additional Rent, Xxxxxx’s Estimated Share of the Cost of Operation and Maintenance falling wholly or partially within the Term of this Lease, in monthly installments.
More Definitions of Cost of Operation and Maintenance
Cost of Operation and Maintenance means the actual cost incurred by the Landlord with respect to the operation, maintenance and repair of the Center and the curbs and sidewalks adjoining the same, including, without limitation, the cost incurred for air conditioning; mechanical ventilation; heating; interior and exterior cleaning; rubbish removal; window washing (interior and exterior, including inside partitions); elevators; escalators; hand tools and other moveable equipment; portxx xxx matron service; electric current, steam, water and other utilities; protection and security service; repairs; maintenance; fire, extended coverage, boiler, sprinkler, apparatus, public liability and property damage insurance; supplies; wages, salaries, disability benefits, pensions, hospitalization, retirement plans and group insurance respecting service and maintenance employees; uniforms and working clothes for such employees and the cleaning thereof; expenses imposed pursuant to any collective bargaining agreement with respect to such employees; payroll, social security, unemployment and other similar taxes with respect to such employees; Sales, use and other similar taxes; water rates; sewer rents; charges of any independent contractor who does any work with respect to the operation, maintenance and repair of the Center and the curbs and sidewalks adjoining the same; and the annual depreciation or amortization over the useful life thereof of costs, including financing costs, incurred for any equipment, device or other capital improvement made or acquired which is either intended as a laborsaving measure or to effect other economies in the operation, maintenance or repair of the Center and said curbs and sidewalks (provided that the annual benefits anticipated to be realized therefrom are reasonably related to the annual amount to be amortized) or which is required by any change in laws, ordinances, rules, orders or regulations of governmental authorities or insurance bodies, provided, however, that the term "Cost of Operation and Maintenance" shall not include (1) Real Estate Taxes, special assessments, franchise taxes or taxes imposed upon or measured by the income or profits of the Landlord, (2) except for depreciation and amortization hereinabove provided for in this subparagraph, and the depreciation and amortization of the cost of any hand tools or other moveable equipment, the cost of any item which is, or should in accordance with sound accounting practice be, capitalized on the books of the La...
Cost of Operation and Maintenance means the reasonable and necessary costs of operating, maintaining and repairing the System, including salaries, wages, the payment of any contractual obligations incurred pertaining to the operation of the System, the cost of materials and supplies, rentals of leased property, real or personal, insurance premiums, audit fees, a reasonable allowance for working capital, and such other proper charges as may be made for the purpose of operating, maintaining and repairing the System in accordance with sound business practice, but before making provision for depreciation.
Cost of Operation and Maintenance means all costs, direct and indirect, inclusive of all expenditures attributable to administration, Cost of Replacement, treatment and collection of Sewage, necessary to insure adequate collection and treatment of Sewage on a continuing basis in conformance with applicable local, state and federal regulations.
Cost of Operation and Maintenance means the actual cost incurred by the Landlord or its affiliates in accordance with sound management and accounting principles and practices generally accepted (consistently applied) with respect to the ownership, operation, maintenance and repair of the Building and the curbs and sidewalks adjoining the same, including, without limitation,
Cost of Operation and Maintenance means the actual cost incurred by the Landlord or its affiliates with respect to the ownership, operation, maintenance and repair of the Center (to the extent the Center is included in the calculation of O.E. Share, it being understood that if less than the entire Center is included in such calculation, then Cost of Operation and Maintenance shall include a portion of the common area expenses of the Center in the same proportion as the rentable area of the building or buildings included in the calculation of O.E. Share bears to the aggregate rentable area in all buildings in the Center) and the curbs and sidewalks adjoining the same, including, without limitation, the cost incurred for air conditioning;
Cost of Operation and Maintenance means the costs of operation, maintenance, and routine repairs
Cost of Operation and Maintenance means the current expenses, paid or accrued, of operation, including, without limitation, salaries, wages, cost of materials, and supplies, power at wholesale, and insurance, maintenance and ordinary, current repair of the Electric System and its facilities, and shall include, without limiting the generality of the foregoing, supplies, fuel, fuel adjustments, fuel assemblies and components required by EPB for the operation of the Electric System (including any payments made pursuant to a “take-or-pay” fuel supply or energy contract that obligates EPB to pay for fuel, fuel adjustments, energy or power regardless of whether fuel, energy or power is delivered or made available for delivery, other than any such contract or portion thereof that is designated by EPB pursuant to Article X, as either a Subordinated Contract Obligation or a Parity Contract Obligation), administrative expenses relating to the Electric System, legal and engineering expenses, consulting and technical services, payments for energy conservation and load management programs, payments relating to fuel or electricity hedging instruments, payments for employee benefits, including payments to savings, pension, retirement, health and hospitalization funds, charges payable by EPB, pursuant to any licenses, orders or mandates from any agency or regulatory body having lawful jurisdiction, and any taxes, payments in-lieu-of taxes, assessments, governmental charges, fees and any other expenses required to be paid by EPB, all to the extent attributable to the Electric System; the expenses, liabilities and compensation of the Fiduciaries required to be paid hereunder or under any Supplemental Resolution or pursuant to any agreement executed by the Issuer, acting through EPB; all costs and expenses associated with or arising out of the research, development (including feasibility and other studies) and/or implementation of any project, facility, system, task or measure deemed desirable or necessary by the Issuer, acting through EPB; and all other costs and expenses arising out of or in connection with the conduct of the business of the Electric System, including those expenses the payment of which is not immediately required, such as those expenses referred in Section 7.02(B). Notwithstanding the foregoing, Costs of Operation and Maintenance shall not include (i) any costs and expenses attributable to a Separately Financed Project, or (ii) any costs or expenses for new construction or for reconstruct...