Emergency Operating Costs definition
Emergency Operating Costs means those amounts required to be expended for the purchase of goods and services in order to prevent or mitigate an unforeseeable event or circumstances that, in the good faith judgment of Borrower or Operator, necessitates the taking of immediate measures to prevent or mitigate injury to Persons or injury to or loss of property.
Emergency Operating Costs means those amounts required to be expended in order to prevent or mitigate an Emergency; provided, that such expenditures are either: (a) payable under an insurance policy (in an aggregate amount not to exceed five million Dollars ($5,000,000) in any twelve (12) month period); (b) payable by insurance or a warranty provided under any Project Document (in an aggregate amount not to exceed five million Dollars ($5,000,000) in any twelve (12) month period); or (c) in an amount that does not exceed five million Dollars ($5,000,000) in any twelve (12) month period.
Emergency Operating Costs means those amounts required to be expended in order to prevent or mitigate an Emergency; provided, that such expenditures are either: (a) payable under an insurance policy (in an aggregate amount not to exceed [***] in any twelve (12)-month period); (b) payable by insurance or a warranty provided under any Project Document (in an aggregate amount not to exceed [***] in any twelve (12)-month period); (c) in an amount that does not exceed [***] in any twelve (12)-month period; or (d) otherwise reasonably necessary to prevent or mitigate an emergency situation involving endangerment of life, human health, safety or the environment.
Examples of Emergency Operating Costs in a sentence
After the Commercial Operation Date, Borrower shall not make any Capital Expenditures other than Permitted Capital Expenditures, other Capital Expenditures consistent with the Annual Operating Budget and Emergency Operating Costs to the extent such costs are Capital Expenditures and to the extent such Capital Expenditures are funded from Additional Equity Contributions made to Borrower by or on behalf of Pledgor.
More Definitions of Emergency Operating Costs
Emergency Operating Costs means those amounts required to be expended in order to prevent or mitigate the consequences of an event or circumstance that was unforeseeable at the time of the Borrower's delivery of the then-current Annual Operating Plan and Budget and that, in the good-faith judgment of the Operator and/or the Borrower, requires the taking of immediate measures to prevent or mitigate an emergency situation.
Emergency Operating Costs means the incremental expenses incurred by the Recipient for early recovery efforts arising as a result of the impact of the Hurricane ▇▇▇▇▇ including, inter alia, additional transportation costs (i.
Emergency Operating Costs means those amounts required to be expended in order to prevent or mitigate the consequences of an event or circumstance that was unforeseeable at the time of the Borrower's delivery of the then-current Annual Operating Plan and Budget and that, in the good-faith judgment of the Operator and/or the Borrower, requires the taking of immediate measures to prevent or mitigate an emergency situation.