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 aggregate of all costs incurred by Landlord, excluding costs of work done for tenants at their own expense, with respect to the operation, maintenance and repair of the Building and the Common Areas, including, without limitation, the cost incurred for air conditioning; mechanical ventilation; heating; cleaning; rubbish removal; window washing; elevators; portxx xxx matron service; metered or unmetered (if or to the extent not separately metered) cost of electric current used throughout the Common Areas, if and to the extent it is not billed directly to Tenant or a tenant; steam; protection and security services, if any; shuttle service, if any; repairs; maintenance; all insurance; supplies, wages, salaries, disability benefits, pensions, hospitalization, retirement plans and group insurance and other benefits or similar expenses with respect to 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; the current amortized portion of capital expenses incurred with respect to the Building and Common Areas, together with interest at Landlord's cost on the unamortized balance; payroll, social security, unemployment and other similar taxes with respect to such employees; sales, use and other similar taxes; water rates and sewer rents; management fees whether actually paid to independent contractors or imputed in accordance with the provisions of Section 6.07; cost of landscaping; legal and accounting fees; permit and license fees; the cost of changes to comply with governmental requirements; repairs to Common Areas; and utility and other consultants' fees; and the costs (including but not limited to, the fees of lawyers, appraisers and other professionals) of any application or proceeding brought by or on behalf of the Landlord to lower the assessment on which the taxes are based, whether or not such application or proceeding is successful in reducing such assessment. Notwithstanding anything to the contrary contained herein, the cost of legal services will be excluded from the definition of Cost of Operation and Maintenance to the extent such services relate to (i) a financing or refinancing of the Building, (ii) the preparation or negotiation of leases, and (iii) disputes with specific tenants concerning the landlord/tenant relationship.
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
The cost of any such contest or negotiation shall be a Cost of Operation and Maintenance regardless of Landlord’s success.
In January or as soon as is practical thereafter in each Operational Year, Landlord shall furnish Tenant by Notice a written statement, itemized in reasonable detail, of the estimated Cost of Operation and Maintenance for such year setting forth the Operating Expenses and Tenant’s Projected Share of the Cost of Operation and Maintenance for the Building, Garage, Common Areas, Project, and Property during such Operational Year and Tenant shall pay same to Landlord as Overhead Rent.
The Sewer Rates and Charges hereby fixed are established to be sufficient to provide for the Cost of Operation and Maintenance of the System as are necessary to preserve the same in good repair and working order.
Such proration shall be made by multiplying the total estimated or actual (as the case may be) Taxes and Cost of Operation and Maintenance, for such calendar year, by a fraction, the numerator of which shall be the number of days of the Term during such calendar year, and the denominator of which shall be three hundred sixty (360).
Additionally, insofar as the “Annual Cost of Operation and Maintenance of the PRD” and “Annual Requests through the PRD” are not stated as estimated values, it is presumed by the Company that such values are actually the prior year’s values since the current year’s cost cannot be known (except in the case of establishing the first two years’ fee, since neither value will be known and can only be estimated).
More Definitions of Cost of Operation and Maintenance
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...
Cost of Operation and Maintenance means the current expenses, paid or accrued, of operation, maintenance and repair of the Electric System and its facilities, as calculated in accordance with generally accepted accounting principles for governmental entities, consistently applied, and shall include, without limiting the generality of the foregoing, all costs (including administrative expenses) relating to the Electric System, the purchase of electric services (if the same may be treated as an operating cost under generally accepted accounting principles) and insurance premiums and charges for the accumulation of appropriate reserves for self-insurance, not annually recurrent but which are reasonably expected to be incurred on a periodic basis in accordance with generally accepted accounting principles, consistently applied, and payment of the Rebate Amount. The Cost of Operation and Maintenance shall include, among other items, payments required to be made to the Florida Municipal Power Agency, any successor thereto, or any other entity under spot, forward or prepaid power or fuel purchase agreements, including, without limitation, take and pay power or fuel purchase agreements, or similar power or fuel purchase arrangements and related price hedging agreements. The Cost of Operation and Maintenance shall not include (i) any reserve for renewals and replacements, extraordinary repairs or any allowance for depreciation or amortization, (ii) the payment of any principal of, premium, if any and interest on the Bonds and any other notes, bonds and similar obligations of the City, and (iii) payments made by the City under leases that are capitalized in accordance with generally accepted accounting principles.